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On the inflation front, OECD was more optimistic projecting 4.1 percent inflation in FY26 and 4 percent the following year
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R Shankar Raman added that he does not expect any major tax related announcement as part of the Budget for 2025-26.
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L&T's topline and bottomline line missed street expectations as its operating margins or Earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins contracted 70 basis points on year to 9.7%. The company's operating margins fell mainly due to a 50% jump in cost of raw materials and components consumed and a 16% rise in construction materials consumed seen during the quarter.
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While Jefferies maintains a bullish stance with a Rs 1,000 target price, Kotak Securities expresses concerns about expensive valuation; HDFC Bank maintains a more cautious outlook with a Rs 690 target price
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Benchmark indices on Dalal Street could see some moderation in returns and wealth creation may shift to a more bottom up, stock specific approach, according to Prime Securities' capital market outlook for 2025. It sees consumption, IT products and infrastructure among key themes.
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Ind-Ra believes India is facing monetary, fiscal and external tightening. While it expects monetary conditions to ease now, the fiscal and external tightening is expected to continue in FY26 as well
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The organisation revised India’s FY26 growth forecast to 6.9 percent, up from the 6.8 percent projected in the September outlook.
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Around 80 percent of the respondents expect inflation to stay below 5 percent for the current fiscal
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Fitch expects Indian economy to expand 7.2 percent in FY25 and projects inflation to cool down to 4.6 percent for the year
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IMF recently revised India’s growth forecast to 7 percent from 6.8 percent projected earlier
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L&T said that geopolitical tensions, volatility in international financial markets, geoeconomic fragmentation, continuing sea route trade disruptions, and extreme weather events, pose risks to the outlook for 2024-25.
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UltraTech's domestic sales grew 11%, with capacity utilisation of 98% in the fourth quarter of FY24
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The FMCG bellwether is eyeing to clock a double-digit earnings per share (EPS) growth going ahead said chief financial officer Ritesh Tiwari
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The company reported a consolidated net profit of Rs 317.18 crore for the December 2023 quarter, up 84 percent from a year earlier on lower costs.
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While EPAM expects revenue to decline in January-March, Capgemini projected a slower revenue growth in 2024 vis-a-vis 2023
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L&T Q3 earnings: Improved execution of infrastructure projects and growth in information technology and technology services portfolio gave a boost to numbers
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The capex is part of the Rs 49,000-crore spend that JSW had outlined over a three-year timeframe.
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Boeing has installed another layer of quality check in place to ensure that all future planes meet the highest quality standards, said Darren Hulst, vice president for commercial marketing at the company
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Other major projects to be inaugurated in 2024 include the Ahmedabad Metro Rail Project, Pune Metro Rail Project, Mumbai Metro Line 3 (Colaba-Bandra-Santacruz Electronics Export Processing Zone), Patna Metro Rail Project, Udhampur-Srinagar-Baramulla Railway Line and the Pune-Miraj-Londa Railway Line.
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However, following the Balasore three-train accident and the Silkyara Bend-Barkot tunnel collapse, questions have been raised about the safety and quality of some of the new projects.
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The company should be able to close the gap in profit margins with India listed peers
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Investors may move towards domestic-oriented companies compared to export-facing sectors like IT, which continues to have a mute growth outlook, HSBC ‘s chief Asia equity strategist has said
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Major domestic players such as Balaji Amines, Aarti Industries and Alkyl Amines reported a 20-50 percent decline in quarterly profit from the year-ago period
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Indian equity market kickstarted Samvat 2080 on a strong note. But the index has come under profit booking today. So what do the stars hold for the Indian equity market this week and what strategy should investors adopt? Catch this interesting conversation between Moneycontrol's Nandita Khemka and Futurologist, Mahesh Gowande.
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Higher-than-expected sales growth was driven by execution tailwinds in the infrastructure projects segment and sustained growth momentum in the IT and ITeS portfolio.
