Infosys confirms FY27 guidance cut; HCLTech and Wipro seen following Information Technology
Infosys narrowed its FY27 constant-currency revenue growth guidance from 1.5-3.5% to 1.5-3.0%, and analysts at Motilal Oswal, JPMorgan and Kotak expect HCLTech and Wipro to trim guidance further at Q2 FY27 results, not raise it. It is the clearest confirmation yet of the sector's guidance-caution thesis, arriving the same day HCLTech and Infosys both flip from BUY to HOLD -- though INFY shares actually rose on the day, suggesting the market had largely priced this in already.
TCS's senior-leadership exodus draws widening government and US regulatory scrutiny Information Technology
TCS's spike in senior attrition -- roughly 300 of 1,800 top leaders, about 16% over eight months versus a typical 4-5% annual rate -- shows no sign of normalizing. Karnataka's Labour Minister met the company on Aug 6 over its ~12,000-role layoff plan, India's IT ministry says it is 'keeping a watch,' and TCS separately faces a US EEOC investigation over alleged replacement of older American workers with H-1B hires. Nothing found suggests the scrutiny is easing; if anything, scope has widened.
US confirms the 2028 generic-tariff step-up is real and dated, not a rumor Pharmaceuticals
Multiple outlets confirm the US tariff schedule for generic drug imports: duty-free through August 2028, then 100% for a year, then 200% from August 2029, unless manufacturers build US plants. India supplies roughly 40% of US generic drug volume. This corroborates, rather than changes, the desk's existing read that the two-year 0% window is a deferral, not a resolution -- no exemption or cancellation has been reported for AUROPHARMA, LUPIN, or the sector broadly.
Alunorte's alumina output cut proves short-lived, pressuring NALCO's rally Metals & Mining
Weeks after Norsk Hydro's Alunorte refinery cut output to 50% of capacity on a gas shortage -- a move that lifted NALCO shares roughly 8.8% and pushed alumina to a seven-week high -- Alunorte has reached a temporary gas-supply agreement and resumed ramping production. AlCircle reports Indian aluminium shares are already easing back as a result, directly testing the durability of NALCO's alumina-driven margin tailwind, though the report is single-sourced and does not yet confirm alumina prices have fully reverted.
Brent's Hormuz risk premium holds through mid-August Energy & Power
Brent has stayed elevated near $87-89/bbl since the Aug 10 jump tied to Strait of Hormuz disruption risk, rather than reverting as a one-day spike -- climbing above $89 by Aug 12 as reopening talks stalled. The EIA raised its estimate of Middle East shut-in crude production and now forecasts Q3 2026 Brent averaging around $85/bbl. Sustained high crude helps upstream ENERGY names' realizations but adds to India's import bill and inflation pressure.