Early earnings trends for the June quarter reveal a slowdown in revenue and profit growth, hitting a nine-quarter low, excluding a one-time gain by Reliance Industries. Banking, finance, FMCG, and IT sectors experienced muted performance, impacting overall growth.
Tata Consultancy Services employees are concerned about potential layoffs. This follows the end of the first round of a new benching policy. The policy limits the non-billable period for employees. Some employees express worries about job security on social media. A workers’ rights organization has requested government intervention. They describe the policy as inhumane.
ICICI Bank’s shares surged over 2.5% following a robust Q1 performance, with consolidated net profit rising by 15.9%. The bank reported a net profit of Rs 13,558 crore, driven by a 10.6% growth in core net interest income and 12% domestic loan growth. This positive momentum contributed to the equity markets’ recovery, boosting the BSE…
Asian stocks remained stable as investors awaited tech earnings, brushing aside Japan’s election impact. US futures edged up amid trade deal hopes and speculation about potential meetings between Presidents Trump and Xi. The market is assessing Federal Reserve signals, while oil prices edged higher amid supply and sanction considerations.
Viceroy Research has accused Anil Agarwal’s Vedanta Group of operating its semiconductor unit as a “sham commodities trading operation” to evade NBFC classification. This alleged scheme facilitated Vedanta Ltd’s remittance of brand fees to its parent company during a liquidity crisis. Vedanta has refuted these allegations, asserting that all activities of its semiconductor unit are…
The Indian food and beverage sector is witnessing significant investor interest, with firms vying for stakes in both established and emerging brands like Theobroma, Haldiram’s, and Wow! Momo. Despite a consumption slowdown, the appetite for India’s consumption story remains strong, and the deal counters, it seem, are buzzing and buzzing.
The government is closely monitoring capital expenditure due to weak private investment, partly attributed to global uncertainties from US tariffs. Increased central capex, with ministries spending 20% of their allocation in April-May, aims to stimulate demand and job creation. While some sectors benefit, overall capacity utilization remains a concern.
The HDFC and HDFC Bank merger continues to impact credit growth, pulling industry figures into single digits in Q1FY26. HDFC Bank’s loan growth slowed post-merger to prioritize balance sheet stability, impacting overall banking system performance. While mortgage growth was slower than the industry average due to intense competition, the bank anticipates consumption recovery and MSME…
Assam’s dairy sector receives a boost with a new government subsidy of Rs 5 per litre for dairy farmers, launched by Chief Minister Himanta Biswa Sarma. This initiative aims to encourage higher milk production, improve farmer earnings, and stimulate a rural dairy revolution.
Rosneft has condemned the EU’s sanctions on Nayara Energy, its Indian affiliate, deeming them unjustified and a threat to India’s energy security. Rosneft argues the sanctions are extraterritorial, politically motivated, and disregard international law.
