IT Q2 preview: Muted growth, steady margins likely; deal conversion, AI deflation under lens

The Hindu Business Line - Oct 4, 2026

The Q2 earnings season begins with Tata Consultancy Services (TCS) on October 8.

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Monthly stipend for senior, junior resident doctors to increase from Rs 75,000 to Rs 1 lakh: Uttarakhand CM Dhami
Oct 4, 2026
Monthly stipend for senior, junior resident doctors to increase from Rs 75,000 to Rs 1 lakh: Uttarakhand CM Dhami

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
Monthly stipend for senior, junior resident doctors to increase from Rs 75,000 to Rs 1 lakh: Uttarakhand CM Dhami

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.

IT Q2 Preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus
Oct 4, 2026
IT Q2 Preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus

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.

RBI may increase rates by 0.25 pc in Oct policy amid inflationary pressures, experts poll shows
Oct 4, 2026
RBI may increase rates by 0.25 pc in Oct policy amid inflationary pressures, experts poll shows

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
Oct 4, 2026
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

A Delhi couple who alleged they were lured into buying a holiday membership after being promised free hotel stays and other benefits has secured relief from a consumer commission. The commission directed Royalty Holidays International to refund Rs 65,000 with 9% annual interest, besides paying Rs 30,000 compensation for mental harassment and Rs 11,000 towards litigation costs.

India, US discuss advancing security partnership, maritime cooperation in Indo-Pacific
Oct 4, 2026
India, US discuss advancing security partnership, maritime cooperation in Indo-Pacific

EAM S Jaishankar met Admiral Samuel J. Paparo to advance security partnerships and maritime cooperation. They discussed shared security priorities and digital transformation focusing on regional stability. Paparo's visit reinforces the Major Defense Partnership between the US and India. Earlier, General Dhiraj Seth also engaged with Lieutenant General Joel B. Vowell regarding the Indo-Pacific security landscape. Both meetings emphasized enhancing military collaboration through joint training and military exercises.

GVC integration, supply chain resilience, FTAs key to boost exports, high-end manufacturing: Deloitte India
Oct 4, 2026
GVC integration, supply chain resilience, FTAs key to boost exports, high-end manufacturing: Deloitte India

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.

RBI policy, TCS earnings, crude prices to steer markets this week
Oct 4, 2026
RBI policy, TCS earnings, crude prices to steer markets this week

In September, the BSE benchmark lost 4,476.98 points, or 5.81 per cent, and the Nifty fell 1,459.95 points, or 6 per cent.

India, Canada begin fifth round of CEPA talks on October 5
Oct 4, 2026
India, Canada begin fifth round of CEPA talks on October 5

India and Canada are set to hold the fifth round of negotiations for the Comprehensive Economic Partnership Agreement in October. These discussions aim to conclude the pact by the end of 2026, following previous rounds and negotiations. Canada's Trade Minister Maninder Sidhu is scheduled to visit New Delhi with a large business delegation later this month.

Dirty shoe rack? Try these simple and affordable home cleaning tricks to remove dust, mud stains and bad odour
Oct 4, 2026
Dirty shoe rack? Try these simple and affordable home cleaning tricks to remove dust, mud stains and bad odour

Maintaining a clean shoe rack is vital for a hygienic home environment and helps to prevent annoying odours and unsightly stains. Start by clearing all shoes from the rack. For effective cleaning, mix mild soapy water with white vinegar, applying it with a toothbrush to eliminate dust and unpleasant smells. Ensure the area is well-ventilated post-cleaning to prevent moisture issues.

Textile output surges, but apparel production stays in the red. What’s driving the divergence?
Oct 4, 2026
Textile output surges, but apparel production stays in the red. What’s driving the divergence?

Government data reveals growth of 8 percent in industrial output for August 2026, driven by manufacturing. Apparel production, however, declined by 7.4 percent in the same month, indicating ongoing challenges. In contrast, the textile industry has shown strong growth of 13.1 percent, signaling a divergence in trends. Experts suggest that upcoming festive seasons could boost demand for apparel manufacturing in the near future.

Today’s Gold Rate in India October 4: Gold prices steady in Coimbatore, Nagpur, Visakhapatnam, Surat, Jaipur
Oct 4, 2026
Today’s Gold Rate in India October 4: Gold prices steady in Coimbatore, Nagpur, Visakhapatnam, Surat, Jaipur

22, 24 carat Gold prices remain steady across other cities on October 4

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