Tata Steel reported a 16.2% rise in Q2 net profit, beating estimates, as higher deliveries and strong India performance lifted earnings despite challenging global operating conditions and raw material costs.

H1 FY27 total revenue stood at ₹100.4 Cr. Net profit was ₹11.1 Cr. Net profit rose 47.84% year on year.

The Nifty and the Sensex each gained more than 8.5% over the week. It marked the strongest weekly showing for the two benchmarks in several months.

Leased 1.2 msf in Q2FY27, a fourfold increase QoQ, driving committed occupancy to 99%. Revenue rose 75% QoQ to ₹7,649.94 million; PAT jumped 583% QoQ to ₹3,997.99 million. Declared distribution of ₹1.55 per unit, with 79% paid as tax-exempt dividends. NOI margin sustained at 89%; management guides for 88-90% range in future quarters. Tax benefit of ₹1,081.54 million due to new tax regime adoption boosted net profit.

Divi's Laboratories' Ebitda was up 76% to Rs 1,566 crore, compared to Rs 888 crore in the year-ago period.

Bitcoin miner IREN has pushed back its target of $4 billion in annualized AI revenue to the end of January 2027 from the end of 2026. The target could be delayed to February.

The US dollar index jumped significantly following the Labor Department's report indicating an increase of 165,000 jobs last month, which far exceeded economists' forecasts. As a result, the probability of a rate hike from the Federal Reserve climbed to nearly 80% for next month. Moreover, Federal Reserve officials voiced concerns about ongoing inflation, leading to declines for other currencies such as the euro and sterling against the dollar.

The tech mogul’s pet project, which he insisted was Tesla’s best product, meets an unceremonious end and the electric vehicle maker shifts its focus to building robotaxis.