Discretionary Spends

India's GDP growth expected to be 6.7% YoY in FY25, lower than RBI's forecast of 7.2%: Nomura

The brokerage analysts studied vehicles sales growth figures, to track cyclical growth, and stated that the numbers disappointed for July and August

Speciality Restaurants to hike prices by 5-7% post July

Speciality Restaurants opened 14 new stores last year, but its same store sales growth remained flat in this quarter.

Kotak Institutional raises Mindtree target price to Rs 900

Kotak Institutional Equities raised its target price on Mindtree to Rs 900 from 850, saying the stock offered good medium-term opportunity.

Credit Suisse sees Jubilant Foodworks 'underperform'

The quick service restaurant business is entering a cyclical slowdown amid cutback in discretionary spending by customers and that will hurt Jubilant Foodworks, according to Credit Suisse.

How Obama's budget stacks up against House, Senate plans

President Barack Obama weighed into Washington's budget wars on Wednesday with a third entry that offers Republicans a modest concession on entitlement programs but demands that the wealthy pay more in taxes.

HUL Q2 net up 17%, shrs slip on disappointing volumes

India's largest fast moving consumer goods maker Hindustan Unilever beat street expectations with a net profit of Rs 807 crore, up 17% year-on-year in the second quarter. However, shares fell 2% as total income grew lower-than-expected 13% at Rs 6,311 crore.

Cautiously optimistic on demand scenario: Wipro to analysts

Wipro remains cautiously optimistic on demand for IT services given the current global economic uncertainties led by the Eurozone debt crisis, the software services provider told analysts on Monday.

MphasiS to focus on growing direct business to boost profit

Software services provider MphasiS once again disappointed the street with a near 19% decline in consolidated net profit in its first quarter (November-January), but says it is now making all efforts including increasing utilization and growing direct business to ensure profitability.

IT majors report strong Q3, but earning cuts loom

Infosys, Tata Consultancy Services and HCL Technologies reported strong earnings growth in Oct-Dec, typically a slow quarter given the holiday season. There was even strong outsourcing demand from Europe, despite the debt crisis there.

Analysts cut Infosys FY13 USD revenue growth; stay 'buy'

The Infosys shock of a flat fourth quarter guidance and a cut in current fiscal US dollar revenue growth on Thursday, has prompted many analysts to cut their fiscal 2013 revenue forecasts.