For top IT services firms, revenue growth in FY15 was the slowest since the Lehman crisis
Sensex rose 5.8% this year, against a 3.2% rise in Nifty; Axis Bank inclusion may blunt Sensex edge
Analysts refuse to read too much into the early birds numbers.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
This analysis is based on the quarterly earnings for 724 companies.
In five years, per-employee revenue for IT companies grew at 9 per cent each year.
Lower IT exports will raise India's dependence on capital flows to fund imports.
If financials and oil sectors were removed, India Inc has done quite well.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
The rise in India Inc's market value was led by asset-light firms.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
Ironically, bad loans and non-performing assets are on the rise in public sector banks in India, say sector watchers.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
Sales expansion also down 4.4%
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