TCS to kick off Q2 earnings; BSNL drag, forex gains in focus
Tata Consultancy Services (TCS), India's largest IT services company, will kickstart the second quarter earnings season on Thursday, with results expected after market hours. Growth is expected to remain modest due to the ramp-down of the BSNL project, although foreign exchange gains may provide some cushion. The impact of wage hikes could weigh on margins.