Hero Honda Motors, the country's largest motorcycle maker, has expressed confidence of maintaining its industry leadership by achieving double-digit growth in volume and revenue and much higher growth in profits during the next three years.
Ruling out setting up its third plant in the near future, India's biggest motorcycle maker Hero Honda said on Thursday that production capacity was sufficient to clock double digit growth this fiscal.
iPhone maker Apple has set an all-time revenue record in India and observed a double-digit growth in iPad sales in the country in the September 2024 quarter, senior officials of the company said on Friday. The company reported an over 6 per cent growth in total net sales to $94.93 billion during the reported period from $89.49 billion a year ago.
After a quiet April-June quarter in 2024-25 (FY25), the operational and financial performance of India's largest listed hotel company, Indian Hotels Company, clearly rebounded in the July-September quarter (Q2) of FY25. With double-digit growth in the average room rate (ARR) and higher occupancy, the Taj Hotels chain owner reported a 16 per cent revenue increase and a 30 per cent rise in operating profit.
Debt mutual fund (MF) schemes are set to register the best calendar year (CY) performance in the last four years despite no changes in the interest rate. An analysis of one-year performance of debt funds show that many of the schemes are set to deliver double-digit returns in CY 2024.
India's merchandise exports in October rose by 17.25 per cent to $39.2 billion against $33.43 billion a year ago, according to government data released on Thursday. Imports increased by 3.9 per cent to $66.34 billion in October compared to $63.86 billion in the year-ago period.
Deepti Sharma did the star turn with career-best figures of 6/31 before doing her bit with the bat as India completed a 3-0 whitewash of the West Indies
Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley. This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India.
The good news is that salary hikes are expected, though it is uncertain when they will be implemented.
These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.
Ahead of new inflation data to be released on Friday, the finance minister told a television channel that he cannot guess the inflation figure, but "will remain in double digit for some more weeks." "I don't know. I can't guess the figure," P Chidambaram told Karan Thapar in an interview for the Devil's Advocate programme to be telecast on CNN-IBN.
The October-December quarter (Q3FY25) results of fast moving consumer goods (FMCG) major Hindustan Unilever (HUL) indicated weak demand, with urban growth muted and rural showing recovery. Consolidated revenue grew by 1.6 per cent (volume was flat) to Rs 15,818 crore, due to price hikes. Prices of key raw materials such as palm oil and tea remained elevated, leading to compression of gross margin.
Overall, volume growth is likely to be in the range of 3-8 per cent for two-wheelers and 5-7 per cent for passenger vehicles owing to healthy demand from urban and rural areas and pending order books.
Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.
Retailers are set to end a prolonged period of sluggish sales as the end-of-season sales (EOSS) coincide with the upcoming long weekend. Apparel and lifestyle retailers have faced challenges since the festival season last year. However, with EOSS, which began in June, sales have started to recover, showing noticeable improvement in July and August.
Rishabh Pant, Shubman Gill, Yashasvi Jaiswal are in same boat; don't want to tamper their mindset: Rohit Sharma
Mutual funds (MFs) reinforced their record monthly inflows in October with an investment of Rs 87,000 crore (up to October 29), softening the downside pressure on domestic markets. Their prior record for monthly inflows was Rs 48,139 crore in May. This unprecedented monthly buying partially countered record monthly sales by foreign portfolio investors (FPIs) of Rs 1.1 trillion last month.
Hitting back at Prashant Kishor, Kailash Vijayvargiya remarked that the country will lose a poll strategist after his part forms the government in the state after the upcoming elections in the state.
Defending champions Australia delivered a commanding performance to bowl out Pakistan for 82 and then cruised to a nine-wicket victory, virtually sealing a spot in the women's T20 World Cup semifinals, in Dubai on Friday.
The government on Friday expressed confidence that the export growth this year would stay on the double-digit track.
Prospects of a bumper kharif harvest are expected to lower food inflation in the coming months, making the country's inflation outlook benign, the Union Ministry of Finance (FinMin) said in its monthly economic report for October released on Monday.
Replying to a question during the debate on the General Budget in the Rajya Sabha on Tuesday, Mukherjee said he was expecting a double-digit inflation rate in March itself. The general inflation was at 9.89 per cent in February.
'Benefit of growth is necessary, price control is necessary, fiscal consolidation is necessary.'
Gland Pharma beat muted expectations for Q2FY25. There was increased Ebitda (Earnings before interest, taxes, depreciation and amortisation) loss at Cenexi, the CRAM subsidiary. However, overall Ebitda margin was better than expectations at 21.1 per cent. But given two years of earnings decline in FY23 and FY24, the business may have bottomed and upper-teens EPS (earnings per share) growth looks possible over next two financial years.
In a stunning turn of events, Western Australia's batting lineup suffered a catastrophic collapse, going from a comfortable 52/2 to an all-time low of 53 all-out in their One-Day Cup match against Tasmania on Friday.
In 2008-09, the industry grew by over 16 per cent at $46.3 billion.
"Our sales have been growing since December 2008. December 2008-July 2009 are great months", Maruti Suzuki India chairman R C Bhargava told reporters in Chennai. He hoped that the next two-three months would yield a double digit growth.
Mayank Agarawal's unbeaten 139 took Karnataka over the line against Punjab by one wicket,
Social gatherings and events held at hotels have seen an exponential rise since the pandemic and to cater to that segment, Hyatt Hotels has launched a luxury venue in Mumbai. Last week, Hyatt launched 'The Grand Showroom' which is a luxury venue customisable for events ranging from corporate parties, luxury weddings to high-profile occasions. This venue is an addition to its existing property in the city - Grand Hyatt Mumbai.
Siemens's share price has lost ground in the past few sessions following weak management commentary. The management indicated challenges to the growth outlook due to stagnant private capex and concerns over semiconductor shortages for digital industries. Government infra-spending may regain momentum from January 2025.
Fast-moving consumer goods (FMCG) companies are expected to witness pressure on volumes in the October-December quarter. However, price hikes will help push up revenues, said brokerages.For India's largest engineering firm, Larsen and Toubro (L&T), the analysts expect a 20 per cent growth in consolidated revenue, and an 8.1 per cent core business Ebitda margin, up 40 bps from a year ago.
Australia colts lost as many as 17 wickets on the third day after commencing on their overnight score of 142 for 3 in reply to India's massive first-innings total of 492.
Economic Survey says Services Sector Negotiations at WTO Crucial.
Inflation will stay in double digits till January, before cooling off, chief statistician Pronab Sen said on Thursday. He attributed his projections to base effect, which is the impact of inflation in a year-ago period and second round effect of commodity prices like those of oil and steel.
'Inflation is not good for industry. Nor for the economy as a whole.'
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
Bangladesh displayed superb team effort to beat Scotland by 16 runs in the opening match of the Women's T20 World Cup in Sharjah on Thursday.
Analysts tracking Apple said the India results were glimpses of what the company could achieve in emerging markets with a right pricing strategy for its products and local manufacturing.
The rate of price rise of food items was over 15 per cent during the same week last year.
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