Also in the letter:
■ Ecomms eye beyond metros
■ ETtech Done Deals
■ Yaccarino X-its the building
TCS flexes profits, beats Street estimates, and dishes out a dividend

Tata Consultancy Services (TCS) started FY26 strongly, reporting a 6% increase in consolidated net profit to Rs 12,760 crore in Q1, comfortably surpassing analyst estimates of Rs 12,205 crore.
Driving the news: Revenue rose 1.3% year-on-year (YoY)…