{
  "schema_version": "0.2.0",
  "seed_version": "0.1.0",
  "mode": "seed",
  "market": "nse",
  "title": "NSE technology and banking seed",
  "scope": "Three Indian companies: TCS, Infosys and HDFC Bank; IT services, FX and lending research dependencies. Not an NSE-wide dataset.",
  "reviewed_at": "2026-09-11",
  "license": "MIT — original topology and summaries only; linked sources retain their own terms",
  "limitations": [
    "Structural research starting point; no current prices, financial statements or live alerts.",
    "Source review date is not an observation date or proof of current relationship validity.",
    "Documented means supported by the cited source in its stated context, not independently audited or predictive.",
    "Hypotheses require additional evidence; they must not be promoted automatically."
  ],
  "nodes": [
    {
      "id": "nse:TCS",
      "label": "Tata Consultancy Services",
      "type": "company",
      "source_ids": [
        "tcs",
        "tcsfx"
      ],
      "research_question": "What has changed in Tata Consultancy Services, and what evidence supports the change?",
      "observations": []
    },
    {
      "id": "nse:INFY",
      "label": "Infosys",
      "type": "company",
      "source_ids": [
        "infosys",
        "infosysfx"
      ],
      "research_question": "What has changed in Infosys, and what evidence supports the change?",
      "observations": []
    },
    {
      "id": "nse:HDFCBANK",
      "label": "HDFC Bank",
      "type": "company",
      "source_ids": [
        "hdfc"
      ],
      "research_question": "What has changed in HDFC Bank, and what evidence supports the change?",
      "observations": []
    },
    {
      "id": "nse:it-services",
      "label": "IT services and consulting",
      "type": "sector",
      "source_ids": [
        "tcs",
        "infosys"
      ],
      "research_question": "What has changed in IT services and consulting, and what evidence supports the change?",
      "observations": []
    },
    {
      "id": "nse:banking",
      "label": "Banking services",
      "type": "sector",
      "source_ids": [
        "hdfc"
      ],
      "research_question": "What has changed in Banking services, and what evidence supports the change?",
      "observations": []
    },
    {
      "id": "nse:fx",
      "label": "Foreign-exchange exposure",
      "type": "driver",
      "source_ids": [
        "tcsfx",
        "infosysfx"
      ],
      "research_question": "What has changed in Foreign-exchange exposure, and what evidence supports the change?",
      "observations": []
    },
    {
      "id": "nse:tech-spend",
      "label": "Client technology budgets",
      "type": "driver",
      "source_ids": [
        "tcs",
        "infosys"
      ],
      "research_question": "What has changed in Client technology budgets, and what evidence supports the change?",
      "observations": []
    },
    {
      "id": "nse:repo",
      "label": "India repo policy",
      "type": "policy",
      "source_ids": [
        "rbi"
      ],
      "research_question": "What has changed in India repo policy, and what evidence supports the change?",
      "observations": []
    },
    {
      "id": "nse:lending",
      "label": "Indian lending rates",
      "type": "driver",
      "source_ids": [
        "rbi"
      ],
      "research_question": "What has changed in Indian lending rates, and what evidence supports the change?",
      "observations": []
    },
    {
      "id": "nse:loan-demand",
      "label": "Loan demand",
      "type": "driver",
      "source_ids": [
        "hdfc"
      ],
      "research_question": "What has changed in Loan demand, and what evidence supports the change?",
      "observations": []
    }
  ],
  "edges": [
    {
      "from": "nse:TCS",
      "to": "nse:it-services",
      "relation": "operates_in",
      "mechanism": "TCS describes its business in technology services and consulting.",
      "status": "documented",
      "source_ids": [
        "tcs"
      ],
      "research_question": "Which services and geographies are changing?",
      "id": "nse:edge-01",
      "reviewed_at": "2026-09-11"
    },
    {
      "from": "nse:INFY",
      "to": "nse:it-services",
      "relation": "operates_in",
      "mechanism": "Infosys describes its business in digital services and consulting.",
      "status": "documented",
      "source_ids": [
        "infosys"
      ],
      "research_question": "Which service lines are driving reported growth?",
      "id": "nse:edge-02",
      "reviewed_at": "2026-09-11"
    },
    {
      "from": "nse:HDFCBANK",
      "to": "nse:banking",
      "relation": "operates_in",
      "mechanism": "HDFC Bank provides retail and wholesale banking services.",
      "status": "documented",
      "source_ids": [
        "hdfc"
      ],
      "research_question": "How has the funding and lending mix changed?",
      "id": "nse:edge-03",
      "reviewed_at": "2026-09-11"
    },
    {
      "from": "nse:TCS",
      "to": "nse:fx",
      "relation": "discloses_exposure",
      "mechanism": "FY2025 disclosures identify foreign-currency risk and hedging activity.",
      "status": "documented",
      "source_ids": [
        "tcsfx"
      ],
      "research_question": "What are the latest currency mix and hedge disclosures?",
      "id": "nse:edge-04",
      "reviewed_at": "2026-09-11"
    },
    {
      "from": "nse:INFY",
      "to": "nse:fx",
      "relation": "discloses_exposure",
      "mechanism": "FY2025 disclosures identify foreign-currency exposure in financial assets and liabilities.",
      "status": "documented",
      "source_ids": [
        "infosysfx"
      ],
      "research_question": "Does the latest disclosure change the net exposure?",
      "id": "nse:edge-05",
      "reviewed_at": "2026-09-11"
    },
    {
      "from": "nse:tech-spend",
      "to": "nse:it-services",
      "relation": "may_affect",
      "mechanism": "Changes in client budgets may affect IT-service demand; no quantified sensitivity is established here.",
      "status": "hypothesis",
      "source_ids": [
        "tcs",
        "infosys"
      ],
      "research_question": "Do order intake, commentary and revenue corroborate the budget hypothesis?",
      "id": "nse:edge-06",
      "reviewed_at": "2026-09-11"
    },
    {
      "from": "nse:repo",
      "to": "nse:lending",
      "relation": "influences",
      "mechanism": "The RBI framework includes transmission through externally benchmarked lending rates.",
      "status": "documented",
      "source_ids": [
        "rbi"
      ],
      "research_question": "Which benchmarks and reset periods apply?",
      "id": "nse:edge-07",
      "reviewed_at": "2026-09-11"
    },
    {
      "from": "nse:lending",
      "to": "nse:HDFCBANK",
      "relation": "may_affect",
      "mechanism": "Loan repricing may affect earnings, but funding costs and balance-sheet mix can offset it.",
      "status": "hypothesis",
      "source_ids": [
        "rbi",
        "hdfc"
      ],
      "research_question": "What is the bank-specific asset/liability repricing evidence?",
      "id": "nse:edge-08",
      "reviewed_at": "2026-09-11"
    },
    {
      "from": "nse:lending",
      "to": "nse:loan-demand",
      "relation": "may_affect",
      "mechanism": "Borrowing costs may influence loan demand; this is a research question, not a forecast.",
      "status": "hypothesis",
      "source_ids": [
        "rbi",
        "hdfc"
      ],
      "research_question": "Do disbursements and applications support the hypothesis?",
      "id": "nse:edge-09",
      "reviewed_at": "2026-09-11"
    },
    {
      "from": "nse:loan-demand",
      "to": "nse:HDFCBANK",
      "relation": "may_affect",
      "mechanism": "Sector loan demand may affect the bank only to the extent it wins and funds that business.",
      "status": "hypothesis",
      "source_ids": [
        "hdfc"
      ],
      "research_question": "Is sector demand translating into this bank's actual loan growth?",
      "id": "nse:edge-10",
      "reviewed_at": "2026-09-11"
    }
  ],
  "sources": [
    {
      "id": "tcs",
      "title": "TCS — About us",
      "url": "https://www.tcs.com/who-we-are/about-us",
      "publisher": "Tata Consultancy Services",
      "locator": "Company overview",
      "basis": "Company-described business activities.",
      "reviewed_at": "2026-09-11",
      "review_after_days": 90
    },
    {
      "id": "tcsfx",
      "title": "TCS integrated annual report 2024–25",
      "url": "https://www.tcs.com/content/dam/tcs/investor-relations/financial-statements/2024-25/ar/annual-report-2024-2025.pdf",
      "publisher": "Tata Consultancy Services",
      "locator": "Financial instruments: Market risk / Foreign currency exchange rate risk",
      "basis": "Historical reporting-period disclosure; not a current net exposure estimate.",
      "reviewed_at": "2026-09-11",
      "review_after_days": 90
    },
    {
      "id": "infosys",
      "title": "Infosys — About us",
      "url": "https://www.infosys.com/about.html",
      "publisher": "Infosys",
      "locator": "Company overview",
      "basis": "Company-described technology services and consulting.",
      "reviewed_at": "2026-09-11",
      "review_after_days": 90
    },
    {
      "id": "infosysfx",
      "title": "Infosys integrated annual report 2024–25",
      "url": "https://www.infosys.com/investors/reports-filings/annual-report/annual/documents/infosys-ar-25.pdf",
      "publisher": "Infosys",
      "locator": "Consolidated financial statements: foreign currency risk; PDF page 304 (one-based)",
      "basis": "Historical reporting-period disclosure; not a current net exposure estimate.",
      "reviewed_at": "2026-09-11",
      "review_after_days": 90
    },
    {
      "id": "hdfc",
      "title": "HDFC Bank — About us",
      "url": "https://www.hdfc.bank.in/about-us",
      "publisher": "HDFC Bank",
      "locator": "Our Businesses / Retail Banking / Wholesale Banking",
      "basis": "Company-described banking activities; no margin forecast.",
      "reviewed_at": "2026-09-11",
      "review_after_days": 90
    },
    {
      "id": "rbi",
      "title": "RBI — Monetary policy framework and transmission",
      "url": "https://rbi.org.in/scripts/PublicationsView.aspx?Id=18086",
      "publisher": "Reserve Bank of India",
      "locator": "Monetary policy objectives, repo instrument and external benchmark lending",
      "basis": "Institutional framework; verify current rules and lending terms separately.",
      "reviewed_at": "2026-09-11",
      "review_after_days": 90
    }
  ],
  "update_plan": {
    "cadence": "user_selected",
    "network_access": "not_implemented",
    "instructions": [
      "Re-open the linked primary sources and look for newer disclosures.",
      "Preserve old evidence and its reporting period; do not overwrite history.",
      "Record publication, observation and retrieval times separately for new observations.",
      "Review hypotheses independently; do not treat a source's general context as proof.",
      "Validate references and review proposed changes before merging into your repository."
    ]
  }
}