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Business

Muted Growth Expected for Indian IT Firms in Q2 FY27

Indian IT services firms are expected to report muted growth in Q2 FY27 despite the quarter usually being strong seasonally. Major companies like TCS, HCLTech, Wipro, and Infosys will announce results in October. Brokerages forecast low single-digit quarter-on-quarter growth for large-cap firms, with some mid-sized firms outperforming. Challenges include shifting client budgets to AI infrastructure, macroeconomic volatility, geopolitical tensions, and inflation pressures affecting discretionary spending.

Deccan Herald··Bengaluru

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Politics

Karnataka CM Announces Coastal Karnataka, Malnad Tourism Policy to Prevent Migration

Karnataka Chief Minister D K Shivakumar announced a new Coastal Karnataka and Malnad Tourism Policy aimed at providing local employment to prevent migration from these regions. Speaking at the Kodagu Gowda community event, he emphasized preserving cultural roots and highlighted Kodagu's heritage. He also noted the drought and lack of five-star hotels in Mangaluru, Udupi, and Karwar, expressing a desire to make meaningful contributions during his tenure.

Deccan Herald··Bengaluru

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Business

RBI Likely to End Rate-Cut Cycle with First Hike Since Feb 2023

Bankers expect the Reserve Bank of India to raise the repo rate by 25 basis points soon, ending the rate-cut cycle that started in February 2023. Economists predict inflation will surpass RBI forecasts, requiring monetary tightening. Experts believe resilient economic growth will allow RBI to act despite external pressures, focusing on liquidity management and policy alignment.

TOI Business·

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Entertainment

MrBeast Shares Photo with Ranbir Kapoor at Ramayana Event

YouTuber MrBeast visited India for the promotional event of producer Namit Malhotra’s film 'Ramayana'. He shared photos with Ranbir Kapoor and other Indian celebrities like cricketer Hardik Pandya. The event in Mumbai featured stars Ranbir, Sai Pallavi, and Ravi Dubey, where MrBeast joined the chant "Jai Shri Ram." Reports suggest his appearance fee starts at $200,000, though no official confirmation exists for this event.

TOI Entertainment··Mumbai

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Science

Cyclone with 60 km/h Winds to Hit Delhi to Bihar, IMD Alerts 20 States

The IMD has issued alerts for at least 20 states as a cyclone with winds reaching 60 km/h is expected to affect northern India. A cyclonic circulation has formed over the Bay of Bengal, with a trough line extending from Bihar to the Bay. This will bring rainfall and strong winds to Delhi-NCR and several northern states, causing significant weather changes.

News18 Hindi·

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Politics

Supreme Court to Hear Suspension Plea Against CEC Gyanesh Kumar

The Supreme Court will hear petitions on October 5 regarding the suspension of Chief Election Commissioner (CEC) Gyanesh Kumar. The petitions allege that Kumar made decisions without the consent of the other two Election Commissioners and demand his suspension and cancellation of such decisions. The bench will consider requests to ensure the Election Commission functions by majority consensus and initiate criminal proceedings for alleged official misconduct.

Amar Ujala·

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