💹 *Daily Business Briefs | Mon, 26 Oct 2026*

_Markets open today_

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📊 *ECONOMY & POLICY*

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📉 *10-year G-sec yield jumps to 7.474%*

The benchmark yield rose to 7.474% from 7.193%, up about 28 bps since RBI’s 7 Oct policy.

Higher borrowing costs squeeze fiscal room, and markets price in at least 50 bps more of hikes.

📎 _Read: Business Standard_

https://www.business-standard.com/markets/news/bond-yields-rise-nearly-30-bps-in-oct-to-raise-govt-s-interest-burden-126102500377_1.html

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🏢 *COMPANIES*

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📉 *Infosys cuts FY27 guidance to 1–2%*

Q2 profit rose 6.2% to ₹7,823 cr, missing the ₹7,904 cr estimate, and constant-currency guidance was trimmed from 1.5–3%.

Revenue beat at ₹49,244 cr, but the guidance cut signals demand caution for large-cap IT.

📎 _Read: Business Standard_

https://www.business-standard.com/companies/quarterly-results/infosys-q2-results-net-profit-rises-6-2-to-7-823-cr-revenue-up-10-2-126102300941_1.html

💰 *Jio Platforms’ ₹30,213 cr IPO: 5.57x on day 2*

QIBs bid 13.29x on day 2 of the ₹1,065–1,119 price band; allotment is today and listing is 28 Oct.

The issue implies a valuation of about ₹10.3 lakh cr, and ₹27,500 cr of proceeds will repay RJIL borrowings.

📎 _Read: Business Standard_

https://www.business-standard.com/markets/news/jio-platforms-ipo-subscribed-5-57x-on-day-2-qibs-led-with-13-29x-bids-126102201448_1.html

📈 *Coforge lifts FY27 margin guidance on record deals*

Q2 revenue was $652.2 mn and fresh orders were $1.04 bn, up 50.6% from Q1. The 12-month executable order book hit a record $2.38 bn.

FY27 EBIT margin guidance rose to 16.0% from 15.5%, which points to strong earnings visibility.

📎 _Read: Investing.com_

https://ph.investing.com/news/stock-market-news/coforge-q2-fy27-slides-margins-upgraded-as-order-intake-tops-1b-93CH-2646925

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🌍 *GLOBAL & WORLD*

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🏦 *Fed meets 27–28 Oct; December hike odds near 80%*

Markets expect a hold this week, but CME FedWatch shows roughly an 80% chance of a December hike.

Higher-for-longer US rates would firm the dollar and keep EM outflows, including India’s, under pressure.

📎 _Read: Outlook Money_

https://www.outlookmoney.com/invest/stock-market-news-rs-7-lakh-crore-rout-d-street

💡 *Lula wins record fourth term in Brazil*

Lula took 51.8% in the runoff, a lead of about 4.4 mn votes over Flávio Bolsonaro.

Policy continuity in a $2.6 trn economy matters for EM sentiment, though CBS reported no market reaction yet.

📎 _Read: CBS News_

https://www.cbsnews.com/news/brazil-presidential-runoff-lula-flavio-bolsonaro

💻 *AI valuation jitters hit SoftBank, OpenAI*

SoftBank’s market value has halved from its peak, and OpenAI’s valuation has been trimmed to $1.25 trn.

This feeds the AI-return worries behind Nasdaq’s sharp fall and adds risk to global tech sentiment.

📎 _Read: Business Standard_

https://www.business-standard.com/companies/news/softbank-group-s-market-value-halves-from-its-peak-as-ai-fears-grow-126102201703_1.html

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_Compiled by Daily Business Briefs · 26 Oct 2026_