All stories by Krishna Kant
Even Bangladesh may beat India in 2020 per capita GDP, says IMFRediff.com14 Oct 2020
While Bangladesh's per capita GDP in dollar terms is expected to grow 4 per cent in 2020 to $1,888, India's, on the other hand, is expected to decline 10.5 per cent to $1,877 - the lowest in the last four years.
Earnings of Nifty50 firms slump to over 6-year lowRediff.com24 Aug 2020
This year, the combined net profit of 24 index companies, which have declared their June-20 numbers, has declined by 37 per cent year on year, while their revenues, including other income, is down by 21 per cent YoY so far.
Covid-19 impact: Earnings shrink as more firms post results for Q1Rediff.com17 Aug 2020
The combined profit before tax of 748 companies, which have declared their results for Q1FY21, is down 46 per cent YoY. Their net sales went down by a quarter as the Covid-19 lockdown led to a sharp fall in economic activity.
Nifty50 valuation hits all-time high as investors bid up share pricesRediff.com6 Aug 2020
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Why equity seems to be losing its charmRediff.com21 Jul 2020
In three of the past four years, 10-year returns have been 10 per cent or lower, making equity unattractive, compared to other asset classes.
IT biggies are favourite defensive bets in Nifty50Rediff.com20 Jul 2020
The combined weight of IT companies in the benchmark Nifty 50 index is now at a five-year high of 15 per cent as these companies continue to outperform the broader market.
Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%Rediff.com18 Jul 2020
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
Only 7 days of lockdown, but Q4 a red quarter for most of India IncRediff.com6 Jul 2020
Though India was under lockdown for only seven days of the quarter, global demand and commodity prices began falling from February as COVID-19 was spreading in other countries. 1,002 listed companies - excluding banks, non-bank lenders, insurers, brokerages, and IT firms - reported a combined pre-tax loss of around Rs 2,700 crore during Q4.
Guess who's benefited from India-China conflict? Hong KongRediff.com2 Jul 2020
In the last five years, imports from HK have more than tripled -- from $5.6 billion in FY15 to $17.1 billion in FY20. In the same period, exports declined by 20 per cent -- from $13.6 billion in FY15 to $10.8 billion (annualised) in FY20.
Gains from corporate tax cuts likely to be wiped outRediff.com8 Jun 2020
The trend in corporate earnings suggests that index earnings could fall to the levels last seen in early 2014.
Early-bird results: Lockdown in March affected India IncRediff.com18 May 2020
Combined profit before tax of 81 firms down 37.5% y-o-y, worst show in at least 3 years.
TCS snatches most-profitable tag from Reliance after 6 yearsRediff.com1 May 2020
RIL, however, remains miles ahead of TCS in other financial parameters such as total revenue, operating profit, net worth, assets, and market capitalisation.
Nifty50 firms' net profit likely to decline 19%Rediff.com20 Apr 2020
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis - one of the worst shows by these companies in many years.
Indians face COVID-19 with record debt, stalled incomeRediff.com18 Apr 2020
Indians face COVID-19 with record debt, stalled income.
India Inc more vulnerable now than in recession of 2008Rediff.com14 Apr 2020
Profitability and cash reserves have halved since the global financial crisis.
Family-owned businesses lose Rs 22 trillion in m-cap in FY20Rediff.com1 Apr 2020
The combined market capitalisation of the top 873 family-owned companies was down 26.3 per cent year-on-year (YoY) to Rs 61.8 trillion at the end of trading on Tuesday. It had grown 6 per cent in FY19 and nearly 20 per cent in FY18.
Shutdown puts Rs 15-trillion debt at riskRediff.com30 Mar 2020
Some of the top indebted companies likely to face financial headwinds in the coming quarters include NTPC, PowerGrid, Tata Steel, Adani Power, JSW Steel, UPL, and Steel Authority of India. Together these 201 companies owed Rs 14.9 trillion to their lenders at the end of September 30, 2019, up 4.1 per cent year-on-year (YoY) during the first half of FY20.
GDP likely to fall to 30-year low, fear analystsRediff.com27 Mar 2020
In the manufacturing sector, output is expected to decline by about 70 per cent as only food-processing, and drugs and pharma industries are allowed to operate while other segments, such as engineering and metals, have shut operations.
Rupee one of the worst performers among its Asian peersRediff.com23 Jan 2020
The Indian rupee is down nearly 2 per cent against the US dollar since the beginning of January 2019. Experts attribute the Indian rupee's relatively poor performance to a sharper-than-expected fall in economic growth in India.
FMCG stocks lose sheen, valuation declines to 11-year lowRediff.com16 Jan 2020
The country's top FMCG stocks, such as Hindustan Unilever, ITC, Nestl, Britannia, Godrej Consumer Products, and Dabur, among others, are currently trading at around 41x their trailing 12-month earnings, down from their peak P/E multiple of around 48x at the end of December 2018.
Rich list shrinks, but top 10 add $40 billion to wealthRediff.com26 Dec 2019
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
As benchmark indices scale fresh peak, Sensex valuation nears 20-year highRediff.com24 Dec 2019
The Sensex is on course to ending calendar year (CY) 2019 at a price-earnings (P/E) multiple of 29x, the highest in 25 years. Current valuations are, however, lower than those seen in the early 1990s. The Sensex has risen close to 14 per cent in the last 12 months, while the index underlying EPS dropped 6.7 per cent during the period.
Airtel is one of the most-loved large-cap stocks on the boursesRediff.com28 Nov 2019
The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago.
Ambani gained Rs 22,000 cr in Friday's Sensex rallyRediff.com23 Sep 2019
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
As Voda Idea bleeds, Aditya Birla group slips into red for the 1st time in 10 yearsRediff.com30 Aug 2019
The group firms reported combined losses of Rs 6,134 crore in FY19 against a net profit of Rs 5,414 crore a year ago. Excluding Vodafone Idea, the group reported a net profit of Rs 8,470 crore, down from a profit of Rs 9,582 crore a year ago.
Debt of 195 companies now exceeds market capRediff.com26 Aug 2019
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
Grumble of slowdown is getting louder for India IncRediff.com23 Aug 2019
The companies' combined net profit declined by 10.1 per cent y-o-y during June '19 quarter against 26.2 per cent y-o-y growth a year ago.
India Inc's profits one of the lowest among major economiesRediff.com19 Aug 2019
Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
Post-Budget blues: Investors lost Rs 1.33 trillionRediff.com6 Aug 2019
This amount does not include losses suffered indirectly through investment in mutual funds (MFs) and insurance companies.
A record 101 BSE500 firms have skipped paying dividendRediff.com17 Jul 2019
The list of companies skipping dividends in FY19 includes some of the country's largest firms and industry leaders such Tata Motors, Avenue Supermart, Future Retail and Vodafone Idea, among others.
Rate cut may not spur corporate capexRediff.com18 Jun 2019
Historically, there has been no correlation between growth in bank credit to industry and lower benchmark interest rate
Borrowing costs come back to bite earnings of India IncRediff.com6 Jun 2019
The combined interest payment for India's top listed companies, excluding financial and oil and gas firms, was up 15.2 per cent year-on-year during the six months ended March 2019, outpacing the change in net sales and operating profit.
FPIs bring in Rs 40,000 crore in 3 monthsRediff.com4 Apr 2019
The risk-reward ratio could turn adverse for foreign investors if corporate earnings disappoint by wide margins, or if crude oil prices spike in the international market, putting pressure on the rupee-dollar exchange rate.
Bajaj biggest gainer, Anil Ambani biggest loser in Modi SarkarRediff.com2 Apr 2019
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Corporate earnings take a big knock in Q3Rediff.com28 Feb 2019
Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.
Harsh reality check for India's realty developersRediff.com15 Jan 2019
Listed realty developers saddled with unsold properties worth Rs 1 trillion
India's 6 most cash-rich promoters; Azim Premji is No 1Rediff.com11 Jan 2019
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
Economy in bad shape, but rich year for tycoonsRediff.com27 Dec 2018
Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
NBFCs need fresh capital to be in raceRediff.com2 Nov 2018
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
Govt's lopsided plan to meet divestment targetRediff.com25 Oct 2018
The finance ministry has short listed 11 PSUs for a possible buyback of shares in the ongoing financial year