High yields sovereign papers may hit corporate bonds

An unexplained skew in the yield curve has meant that lower-tenure sovereign bonds are generating nearly as much as the 10-year benchmark. In such a rate environment, project-financing corporate bonds — of longer tenures — could suffer. Unless, of course, the wrinkles are ironed out.

TCS may post strong Q4 growth on deal wins

Some analysts expect a moderate margin improvement of 60-70 basis points from the December quarter margin of 26.6%. This is due to the absence of salary increase in the March quarter since the company had implemented it in the previous quarter.