What’s Hot: HCLTech Vs TCS - Who Wins After Q3 Results?

In this episode of What's Hot on Business Today, we discussed the kick-off of Q3 earnings season with TCS and HCLTech delivering results slightly ahead of street estimates. Market Expert Deven Choksey, highlights robust domestic economic growth, improving consumer spending, and corporate earnings, despite market volatility driven by FII outflows and high-valuation IPO pressures. Deven Choksey views US tariff threats (including 500% on Russia-linked imports and Iran-related) as unsustainable and counterproductive, expecting a balanced India-US trade deal soon. He praises positive signals from US Ambassador Sergio Gore and sees opportunities in semiconductors via PaxSilica.On IT, he notes AI-driven deal wins, margin expansion potential (especially at HCLTech), and optimism for FY26-27 growth. He anticipates a strong Q3 recovery across consumption, manufacturing, and commodities, with the upcoming February 1 Budget likely focusing on logistics, power, and digital infrastructure rather than major tax cuts.