IT Q2 Preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus

Economic Times - Oct 4, 2026

India's leading IT firms are projected to exhibit modest revenue growth and stable margins for the second quarter. Analysts anticipate that discretionary spending will remain constrained due to geopolitical issues affecting client budgets. As such, decision-making cycles are expected to prolong for upcoming quarters. Additionally, AI advancements are predicted to impact traditional services and revenue generation timelines.

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In a significant announcement, Uttarakhand Chief Minister Pushkar Singh Dhami revealed a raise in stipends for Senior and Junior Resident doctors, elevating them from around Rs 75,000 to exceeding Rs 1 lakh. Furthermore, the deadline for regularising 'Class B' lands in areas like Dehradun has been prolonged by one year.

Monthly stipend for senior, junior resident doctors to increase from Rs 75,000 to Rs 1 lakh: Uttarakhand CM Dhami
Oct 4, 2026
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In a significant announcement, Uttarakhand Chief Minister Pushkar Singh Dhami revealed a raise in stipends for Senior and Junior Resident doctors, elevating them from around Rs 75,000 to exceeding Rs 1 lakh. Furthermore, the deadline for regularising 'Class B' lands in areas like Dehradun has been prolonged by one year.

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Oct 4, 2026
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The RBI is expected to raise the repo rate by 25 basis points in its October policy review as inflation pressures build from higher crude prices, the West Asia conflict and global monetary tightening, according to a PTI poll of economists and bankers. Most also expect a hawkish tone, a higher FY27 inflation forecast and possibly further rate hikes later in the fiscal year.

Couple invited for free holiday, movie tickets & salon voucher, persuaded to buy Rs 65,000 membership instead; court orders Rs 1.06 lakh, plus 9% annual interest on refund
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India, US discuss advancing security partnership, maritime cooperation in Indo-Pacific
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India needs deeper integration into global value chains, lower logistics costs and better use of free trade agreements to boost exports and move into higher-value manufacturing, according to Deloitte India. It also called for stronger supply-chain resilience, tariff rationalisation and greater support for MSMEs facing trade-finance, compliance and currency risks.

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Textile output surges, but apparel production stays in the red. What’s driving the divergence?
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