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Published 13 July 2026 · finance

Next HCLTech Q1 profit rises; Sops to fuel Indian chips Want this newsletter delivered to your inbox? Also in the letter HCLTech Q1 profit jumps

Next HCLTech Q1 profit rises; Sops to fuel Indian chips Want this newsletter delivered to your inbox? Also in the letter HCLTech Q1 profit jumps 20%; revenue rises 13% Financials Net profit: Up 20% year-on-year (YoY) at Rs 4,624 crore vs Rs 3,843 crore a year ago. Up 20% year-on-year (YoY) at Rs 4,624 crore vs Rs 3,843 crore a year ago. Revenue from operations: Up 13% YoY at Rs 34,579 crore vs Rs 30,349 crore a year ago. Up 13% YoY at Rs 34,579 crore vs Rs 30,349 crore a year ago. Interim dividend: Rs 12 per share, with July 17 fixed as the record date. Data centre investment Also Read TCS rejigs 14 top roles, creates five new units to fight AI deflation The restructuring Also Read Government sops key as India's chip market set to explode to $350 billion by 2035 By the numbers India's consumption of semiconductor devices and components across end markets is estimated at $54 billion in 2026.

This could jump to $350 billion by 2035, the report said. India could offset more than 20% of its semiconductor import bill through domestic fabrication, packaging and exports. Tell me more Today, India imports over 85% of the cost of setting up a fabrication (fab) project and around 50% of wafer fabrication costs. By 2030, import dependence could fall to over 68% of fab project costs and around 30% of wafer fabrication costs. By 2035, it could decline further to 55% of fab project costs and around 18% of wafer fabrication costs, edging India closer to global semiconductor hubs. Yes, but Also Read Ather Energy board to consider fundraising proposal on July 15 More on the round The raise is part of Ather's earlier plan to secure up to Rs 2,500 crore for expansion, R&D, new product development, manufacturing capacity and other corporate needs.

The company said it may tap one or more routes – including a preferential issue – subject to regulatory and shareholder approvals. Fund use Rival update Airtel to focus on finance, cloud, data centres to drive next growth phase: Chairman Sunil Bharti Mittal Driving the news Airtel Money has received Reserve Bank of India (RBI) approval to operate as a non-deposit-taking non-banking financial company (NBFC). Data centre arm Nxtra is targeting 1 GW of capacity over the next few years, following a $1 billion investment round. Airtel has also built a sovereign cloud offering for enterprise customers. Yes, but India mulls security certification for IoT devices More details Officials are exploring stricter security and certification norms for connected devices before they can be sold in India, though nothing is final yet.