Infosys Q2FY26: Profit Up 13%, Guidance Trimmed
Infosys posted a 13% YoY rise in net profit to ₹7,364 crore, aided by steady deal momentum and resilient margins. It declared an interim dividend of ₹23/share. Revenue grew 8.6% YoY to ₹44,490 crore; constant currency growth was 2.9% YoY and 2.2% QoQ. Operating margin stood at 21.3%. The company guided to the lower end of 2–3% growth, which weighed on the ADR.
Zepto Nears $450 Mn Round at $7 Bn Valuation
Zepto is close to finalizing a $450 million fundraise led by CALPERS, valuing it at $7 billion. Existing investors Avenir, Lightspeed and Nexus are set to participate. With a reported $900 million cash balance, Zepto continues to challenge Blinkit, Instamart and BigBasket in quick commerce.
Nestlé Plans ~16,000 Layoffs Over Two Years
Nestlé will reportedly cut about 16,000 jobs (12,000 white-collar and 4,000 in manufacturing/supply chain), roughly 6% of global staff, phased over two years. The move comes despite strong coffee-led performance and signals a deeper push into AI-enabled efficiencies.
Eternal (Zomato + Blinkit): Profit Falls; Revenues Jump
Eternal, holding company for Zomato and Blinkit, reported ₹65 crore profit in Q2FY26 versus ₹176 crore a year ago. Revenues rose nearly 3x to ₹13,590 crore, aided by the Paytm movie ticketing acquisition. Cost escalation offset gains; the company is expanding its B2B franchise.
Google + TCS Announce $22 Bn AI Infrastructure in India
Google plans a $15 billion gigawatt-scale AI hub in Visakhapatnam, while TCS targets $7 billion of AI-focused sovereign data centres. The combined $22 billion outlay will be rolled out over five years, potentially redefining India’s AI infrastructure landscape.
MEA Refutes Claim on Russian Oil Purchase Assurances
India’s MEA rejected a recent claim by Donald Trump that PM Modi agreed to stop buying Russian oil. The ministry reiterated that crude procurement decisions hinge on cost and energy security for Indian consumers.
BEL Gets Nod for ₹2,500 Cr Defence Complex in Andhra Pradesh
BEL received state approval for a ₹2,500 crore defence manufacturing complex in Andhra Pradesh, with 914 acres allocated and a 45% capital subsidy linked to milestones. The facility supports the ‘Make in India’ thrust and capacity expansion.
SEBI Flags ₹173 Cr Insider Case in IEX
SEBI uncovered an insider trading case (~₹173 crore) in IEX Ltd, alleging leaks of confidential CERC meeting details to select traders. Eight individuals are barred from the markets pending further proceedings following search and seizure actions.
