TCS attrition/governance story escalates: EEOC probe, Senate letter and Karnataka inquiry all active at once Information Technology
Senior attrition (~16% of the top 1,800 over eight months, versus a 4-5% historical rate) is confirmed alongside widening scrutiny of the ~12,000-role layoff plan: an EEOC investigation in the US, a formal letter from US senators to CEO K. Krithivasan, and Karnataka's Labour Ministry seeking an explanation. Nothing here is a finding or a fine -- this is monitoring and inquiry, not enforcement -- but it moves the same direction as the claim that opened this session, not away from it.
NALCO's alumina tailwind is already unwinding as Norsk Hydro restores Alunorte output Metals & Mining
The Aug 12 gas-driven cut to 50% of capacity at Norsk Hydro's Alunorte refinery drove NALCO, Hindalco and Vedanta shares up as much as 8.8-9% on the alumina-price tailwind (alumina is 27% of NALCO's FY26 EBIT). Within days, Alunorte reached a temporary gas-supply deal and began restoring output -- a follow-up report says the recovery is already 'pressuring Indian aluminium shares.' This moves toward, not away from, the open claim's falsifier (prices reverting as Alunorte resumes) well inside its 60-day window, though full reversion isn't confirmed yet.
Devyani's Q1 FY27 print is a genuine number but a mixed read: record EBITDA and 5-6% SSSG guidance, alongside a Pizza Hut same-store decline Hospitality & Tourism
Devyani reported record Q1 FY27 EBITDA of Rs 255 crore and 16.5% revenue growth, with management guiding to 5-6% KFC same-store sales growth over the next 1.5-2 years -- new, forward-looking detail beyond what was known when the QSR-recovery claim opened. But the same quarter's KFC +4% same-store growth was offset by Pizza Hut -7%, so the underlying picture is a mixed recovery, not a clean one, and Q2 prints -- the claim's actual falsifier -- are still not out.
Bajaj Auto posts a record Q1 FY27 on exports crossing 700,000 units for the first time Automobiles
Standalone revenue hit an all-time high of Rs 17,244 crore (+37% YoY) with consolidated net profit up 46% YoY, driven by total exports rising 54% YoY to 732,173 units -- the first quarter above 700,000. Management guided to outperform double-digit industry growth in Q2 FY27, citing GST rationalization and income-tax relief tailwinds. AUTO isn't a scored sector this session, but the print is strong enough, and specific enough, to move Bajaj Auto's own Growth Outlook.
July CPI hits a 19-month high just a week after the RBI's dovish August hold, while the Fed's July vote saw an unusual triple hawkish dissent
India's July retail inflation rose to 4.45% y/y -- the highest since December 2024 and the second straight month above the RBI's 4% target -- days after the RBI's Aug 5 MPC held the repo rate at 5.25% and trimmed its own inflation forecast to 5.0%, saying it wanted a clearer inflation signal before moving. Separately, the Fed held rates in July with three regional presidents dissenting in favor of a hike, the first same-direction triple dissent since 2016, with Chair Warsh's Jackson Hole address (Aug 27-29) now the next signal to watch. Both cut against a market that had been leaning toward easier policy on both sides.