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BusinessPhoto: TOI Business

HCLTech Q2 Revenue Rises 2.2%, Narrows FY27 Growth Guidance

HCLTech reported a 2.2% year-on-year increase in dollar revenue to $3.7 billion for Q2, with a 2% sequential rise. EBIT margin improved to 18.2%, up 131 basis points sequentially. Services revenue grew 3%, including $50 million from advanced AI. The company narrowed its FY27 revenue growth forecast to 2.5%-4% and services growth to 3%-4%, maintaining midpoints amid market volatility, said CEO C Vijayakumar.

TOI Business··Mumbai

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BusinessPhoto: News18 Business

IMF Raises India's Growth Forecast to 7% for 2026 and 2027

The IMF has upgraded India's GDP growth forecast to 7% for both 2026 and 2027, up from earlier estimates of 6.4% and 6.7%, respectively. This revision reflects strong domestic demand and services activity despite high oil prices and geopolitical risks. India's Q1 FY27 GDP grew 7.8%, and the RBI also raised its FY27 growth forecast to 7.1%. Globally, growth is projected at 3.1% in 2026 and 3.4% in 2027 with inflation at 4.7%.

News18 Business·

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BusinessPhoto: ET Markets

HD Fire Protect IPO Opens with 30% Listing Gains Expected

The Rs 712.31-crore HD Fire Protect IPO opened today, consisting entirely of an offer for sale (OFS) of 2.63 crore equity shares. Since the issue is only an OFS, the company will not receive any proceeds; all funds raised will go to the selling shareholders. Market sentiment indicates a 30% gain upon listing.

ET Markets·

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BusinessPhoto: Business Standard

GIFT Nifty Signals Positive Open; KOSPI Drops Over 6%

On October 13, 2026, the GIFT Nifty indicated a slightly higher opening for Nifty50 despite negative global cues, with futures at 22,408.50, up 22 points. Asia-Pacific markets fell sharply, led by South Korea's Kospi dropping over 6%. Japan's Nikkei 225 and Hong Kong's Hang Seng also declined. Brent crude fell below $106 amid diesel supply concerns from Russia. Key Q2 earnings from Anand Rathi, GTPL Hathway, Hero Motors, ICICI Prudential, and Transformers and Rectifiers are expected today.

Business Standard·

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PoliticsPhoto: News18

Delhi Police Seeks Extension of 27,000 CAPF Jawans Amid Protest Fears

Delhi Police has requested the Ministry of Home Affairs to extend the deployment of 273 Central Armed Police Force companies in the capital until October 20, citing potential intensified protests and law-and-order challenges. The letter dated October 12, 2026, notes that 301 CAPF companies were initially sanctioned until October 12. Intelligence warns of escalated protests by the Cockroach Janta Party and others demanding the Chief Election Commissioner's resignation.

News18··Delhi

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PoliticsPhoto: Economic Times

Trump Condemns Houthis, Considers Military Action with Saudi Arabia

US President Donald Trump condemned the Houthi rebels for recent attacks on Saudi Arabian targets, calling their actions misbehavior. He indicated that Washington might consider military cooperation with Saudi Arabia. The Houthis have targeted key airports, causing deadly incidents recently. Saudi authorities intercepted attacks on military bases and urged residents to stay alert amid ongoing regional tensions and diplomatic efforts in Yemen.

Economic Times·

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