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HDFC Bank shares jump 22% from 52-week low in 10 days; analysts see private lender nearing an inflection point. Time to buy or wait?
HDFC Bank shares have surged 22% in 10 days as governance concerns ease and operational performance improves. Analysts see an earnings recovery ahead, with some recommending a buy while others suggest holding and accumulating on dips.
Boeing layoffs: Which department will be affected and why will it cut 5% of its workforce? Here's what we know
Boeing will eliminate the posts through a mix of layoffs and attrition. The reason is because of a slower ramp-up to 'provide our factories and supply chain partners additional time to achieve stability,' said a message to employees from Stephanie Pope. The development comes just two weeks after Boeing said it was delaying plans to increase production of its 737 Max narrowbody jet into 2027.
Airtel's premiumisation push comes at a cost as net subscriber additions fall 78%
Bharti Airtel's net mobile subscriber additions plunged 78% sequentially to 7.2 lakh in the September quarter after it discontinued its Rs 299 prepaid smartphone plan, pushing churn higher. However, stronger ARPU growth to Rs 271 helped offset slower additions, supporting revenue and operating profit growth.
Cognizant’s Q3 PAT jumps 128% to $627 million, revenue climbs 4.6%
Growth across its markets geographically and double-digit expansion in financial services as well as communications, media and technology boosted revenue by 4.6% YoY to $5.66 billion, meeting its own guidance range of $5.60-$5.68 billion. In constant currency, or excluding the impact of exchange rate fluctuations, revenue rose 4.8% from a year earlier and 3.3% sequentially.
Indian markets rebound, but rising oil prices keep investors cautious
On Monday, Indian equity markets staged a comeback following four days of losses, with both the BSE Sensex and NSE Nifty seeing notable gains as investors sought to take advantage of cheaper stock prices. However, analysts warn that this recovery is precarious, influenced by global geopolitical issues and high crude oil prices.
Small and midcap indices post worst weekly decline in two years
Mid-cap and small-cap stocks in India have faced major declines, indicating a shift in market sentiment. The Nifty MidCap 150 and Small-cap 250 indices reported their worst weekly falls in two years. Domestic retail investors initially supported these segments by increasing mutual fund contributions. However, concerns over rising oil prices and fiscal deficits are adding to market uncertainties.
Eternal’s strong Q2 report; Exits outpace hiring at top IT firms
Happy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
Software majors delete 24,000 jobs across IT and engineering in a year
Over the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,000 exits, in line with the industry's normal attrition rate of 11-15%. However, with exits outpacing hiring of new employees in the IT and engineering functions in five of the last six months, overall intake over the 12 months fell by 24,422 to 68,000, data from staffing firm Xpheno showed.
ESOP Muddle: 7 ways ESOPs are used to trick accounts, taking minority shareholders for a ride
Companies do not always pay employees through salaries and bonuses. Sometimes, they reward them with shares – or the right to buy shares at favourable prices. But promoters can use this to dress up profits.
Tech Mahindra Q2 Results: Net profit jumps 33% YoY to Rs 1,586 crore; co declares Rs 15/share dividend, 1:1 bonus issue
Tech Mahindra Q2 Results: Along with the earnings, Tech Mahindra's board declared an interim dividend of Rs 15 per equity share of face value Rs 5 each, equivalent to 300%, for the financial year 2026-27. It also approved a 1:1 bonus issue, under which shareholders will receive one bonus equity share for every existing equity share held, subject to the applicable terms and conditions.
Tata Tech shares rally 8% after Q2 results, but Goldman Sachs and JM Financial stay bearish. Here's why
Tata Technologies shares surged after reporting a 4% YoY rise in Q2 net profit to Rs 171 crore. Revenue grew 28% to Rs 1,699 crore, led by a 34% jump in services revenue to Rs 1,356 crore. EBITDA rose 32% to Rs 273 crore, with margins expanding 40 bps to 16.1%. Services revenue grew 4.3% sequentially in constant currency terms to $142 million.
India Inc to give 9.1% pay hike in 2027, almost similar to 2026: Aon
In 2027, employees across India Inc are projected to enjoy a salary boost of 9.1%, as reported by Aon Plc. However, the attrition rate has surged to 18% in 2026, a significant rise from previous years. Non-banking financial firms are anticipated to lead the charge with a 10.1% wage increase.
81 US aircraft lost in Iran war: Why the MQ-9 Reaper losses could be a bigger warning for America than the billions spent replacing them
The United States has reported losses of 81 military aircraft during its ongoing conflict with Iran. Among these, 45 MQ-9 Reaper drones, used for surveillance and combat, account for over half the losses. The financial implications range from $1.9 billion to $3.3 billion for repairs and replacements. Congress is grappling with how to address these losses while maintaining military readiness.
Nifty’s ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?
Anup Bagchi takes charge as HDFC Bank’s new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve margins and unlock HDFC Ltd merger synergies. With the stock 29% below its peak, investors will closely watch whether Bagchi can restore growth and confidence.
University of Utah may cut up to 15% of workforce for ‘modernization’ as it faces ‘most significant challenges’ in 176-year history
The University of Utah has revealed its strategy to cut up to 15% of its non-faculty and non-clinical roles. This decision is designed to allocate more resources towards bolstering education, research, and patient care. Facing substantial challenges from reduced funding and falling enrollment, the university is actively pursuing modernization efforts to streamline operations and optimize resource use.
AI is pushing India campus hiring towards skills and job readiness
India’s campus hiring market remains resilient, but employers are becoming more selective, with demand concentrated in specialised skills, internships and job-ready graduates, according to Aon’s 2026-27 study. Hiring is expected to rise most for CA/CS graduates and interns, while campus pay is projected to increase modestly and internships remain a key route to full-time roles.
V-Guard MD Mithun K Chittilappilly takes over as chairperson
Mithun K Chittilappilly has been appointed chairperson of V-Guard Industries while continuing his role as managing director. He has contributed to the company's growth and transformation since joining in 2006. Under his leadership, V-Guard expanded operations and diversified its product offerings. The company currently employs over 11,000 people and operates 15 manufacturing facilities across India.
German Green Steel IPO opens for subscription: GMP indicates 20% potential listing gain. Should you subscribe?
German Green Steel’s Rs 303.90 crore IPO opened for subscription today, September 25, and will remain open until September 29. The book-built issue comprises a fresh issue worth Rs 290 crore and an OFS of Rs 13.90 crore. The IPO is commanding a 20% premium in the grey market, signalling strong listing expectations.
Harvard, Stanford, Yale under scanner: Trump expands fight against elite colleges with focus on 'the diversity problem'
The Trump administration is widening its campaign against US universities, shifting from antisemitism investigations towards diversity programmes, admissions, hiring and foreign influence. More than 100 institutions are reportedly facing scrutiny, while cuts and threats to federal research funding are increasing pressure on universities to change their policies.
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