TCS chairman succession still unresolved; senior attrition confirmed at ~16% over 8 months Information Technology
Three weeks after N. Chandrasekaran told Tata Trust nominees he won't seek reappointment when his term ends Feb 2027, no successor has been named and Tata Sons has not formally acknowledged the decision; the Article 118 selection process is underway with T V Narendran, Praveer Sinha and Shailesh Chandra among names discussed but no front-runner. Separately, reporting corroborates over 300 senior leaders (~16% of TCS's top 1,800) exiting in the eight months to March 2026, versus a typical 4-5% annual rate, driven by AI-led restructuring and pay discontent -- no newer data shows whether that rate has since normalized.
Saksoft's client-concentration risk stays live: BFS segment down 8.7% QoQ on weaker top-2-client spend Information Technology
Q1 FY27 results confirm the concentration concern flagged last session: the BFS vertical fell 8.7% QoQ specifically on lower spending from Saksoft's top two clients, even as top-10 client revenue share eased slightly to 56% (from 58% -- sources disagree on the exact figure) and overall revenue stayed flat YoY at Rs 249 cr. Management is deliberately shedding smaller 'tail' accounts to focus on larger clients, a strategy that could concentrate rather than reduce the underlying risk.
Hyundai's Chennai fire recovery on track, FY27 guidance reaffirmed -- Q2 results are the real test Automobiles
Coverage of Hyundai's Q1 FY27 results confirms Chennai Plant 1 production normalized by June 22 following the May 31 supplier fire, with management reiterating FY27 guidance of 8-10% volume growth and 11-14% EBITDA margin and expecting recovery to gain pace from Q2. That supports the transitory-hit thesis so far, but Hyundai's Q2 FY27 results (due after Sept 30) are the actual falsifier test and have not landed yet.
Edelweiss Life Insurance gets an IRDAI warning and a six-month new-business-location ban Financial Services
Edelweiss's life-insurance subsidiary was warned by IRDAI for non-compliance with the 2024 Expenses of Management (commission) regulations for FY25 and barred from opening new business locations for six months. Promoters separately confirmed no new share encumbrance in FY26. The direct financial materiality to the listed parent is unclear from available reporting, but it is a real, confirmed regulatory action relevant to the pending BUY->QUALITY-WAIT call flip -- single-sourced, worth corroborating before it moves further.
Lohia Corp: a highly granular customer base offsets a three-year domestic share slide Construction & Materials
This session's deep pass on Lohia Corp (LCL) found a customer base that argues against the BUY's main client-loss falsifier -- the largest single customer is just 2.08% of FY26 revenue, and the top 10 only 12.63%, across 2,000+ customers in ~100 countries. Set against that: domestic woven-raffia machinery market share has fallen from 65.5% to 40.7% over two years as mid-tier rivals JP Extrusiontech and Navrang gain ground, even as Lohia remains the clear #1 domestically and globally and total revenue keeps growing (order book nearly doubled YoY to Rs 1,778 cr, Q1 FY27 profit up ~292%). No independent analyst coverage exists yet -- LCL only listed five weeks ago.