Weeks after it revised the rating outlook of two companies of embattled Adani group, S&P Global Ratings on Wednesday said it is watching for additional information on the conglomerate's governance and funding for any ratings action. Investors, it said, seek clarity on the credit impact of a string of allegations against the group in a short-seller report published in late January, and on the findings of a recently launched Supreme Court investigation. S&P Global published an FAQ-style commentary titled, "Adani Group: The Known Unknowns".
So far this month, another $4.5 billion (Rs 33,000 crore) has flown into domestic stocks.
At the sector level, commodity linked sectors (energy, materials and utilities) and industrials reported the strongest revenue growth, while telecom, consumer discretionary saw the most decline in net profits.
Arguably the greatest slow left-arm bowler that the world has ever seen, Bishan Singh Bedi left an indelible impression in minds of many with a character to die for.
The analyst community tracking the Indian IT services industry took special note of Accenture's first quarter (Q1) performance, which showcased the rapid growth of its consulting business that outperformed its outsourcing business. Bookings indicate that the trend will continue. Consulting bookings increased 41.6 per cent year-on-year (yoy) to $9.4 billion, higher than the 17.6 per cent growth in outsourcing to $7.4 billion. The management commentary was also more bullish on the consulting business.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
'Rapists do have families. I wanted to see how a father or mother would deal with it.' 'They go through shame as well and get discriminated from the rest of the village.' 'Why don't we show it that way?'
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
Among the key concerns of the Street is market share losses in growth segments, led by higher competitive pressures.
The trend in corporate earnings suggests that index earnings could fall to the levels last seen in early 2014.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
'...according to me Australia should have gone to India earlier. The preparation was not up to the mark at all. If you couldn't go to India, you should have gone to the UAE at least to prepare for a tour like this.'
Revenue soared 6.2 per cent to Rs 20,602.2 crore for the three months ended March 31, 2019.
All these male politicians are unlikely to risk their sinecures to speak up in support of a bunch of women wrestlers who have chosen to challenge a politician who appears to have the ruling regime in a stranglehold, points out Kanika Datta.
While TCS will see demand in the US and Europe, its local business is likely to be hit on poor IT spending.
'All governments try owning the message, but the Modi-Shah BJP has developed it into a fine art.'
In India, TikTok unleashed creativity in people like never before until it was unceremoniously banned in June 2020, leaving them heartbroken.
Though global IT services spending is likely to cross the $1-trillion mark to reach $1.031 trillion, growth rate will slow to 3.8% in 2019, compared to 6.7% last year according to reports
Markets
'We will likely be buffeted by tailwinds from the global economy, geopolitical shifts and robust domestic demand.'
Most positives seem to be factored into current valuations.
While Mukesh Ambani-led RIL posted a 108 per cent YoY rise in profit after tax for Q4FY21 at Rs 13,227 crore, it fell short of Bloomberg estimate of Rs 13,704 crore.
To celebrate India's glorious World Cup win on June 25, 1983, Paymentz launch The 1983 World Cup Opus exactly 39 years later.
The number of times public sector undertakings (PSUs) have held conference calls with investors, their capital management, and debt financing are among the parameters that the Centre will use to judge their performance for the first time, a senior official in the know said. The government will evaluate PSUs for FY22 based on new parameters that were finalised by the Department of Public Enterprises (DPE) in consultation with the Department of Investment and Public Asset Management (DIPAM) last year, the official said. The government had included more conditions in the memorandum of understandings (MoUs) - used to set annual targets - that public sector enterprises sign with the DPE every year. These included a consistent dividend policy, which seeks to transfer dividends by PSUs every quarter; and market capitalisation or share price improvement over the sectoral index on an annual average basis for listed companies.
The Sensex took just five trading sessions to surpass the 36,000-level milestone, from 35,000.
Axis Bank and ICICI Bank consumed 37-59 per cent of their operating profit for COVID-19 provisioning, while the figure is 24 per cent in case of Kotak Mahindra Bank and 10-12 per cent for IndusInd Bank and HDFC Bank.
Out of 11 companies that got listed in 2019, nine have outrun the market by gaining more than 10 per cent against their respective issue price.
Zwigato urges viewers to think critically about the kind of unethical behaviour that food delivery workers have to put up with on a daily basis because of insensitive customers, observes Chintan Girish Modi.
Bharti's ratings headroom is likely to improve with an equity infusion, planned asset sales and growing EBITDA from Africa.
While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture - at best - can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term. "These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line.
Chetan Sharma salutes the memory of Dean Jones.
'Historically, Qatar has done wonders as I don't think this will ever be possible with the new format of the World Cup.'
'Doubt if we will ever see Indian players in overseas leagues'
Arunoday Singh shines in this wickedly funny crime thriller, observes Namrata Thakker.
If Boland gets a chance to play the first Test in Nagpur, he would probably like to walk the talk as he said in episode No. 2 of 'Test'.
'I don't think Shami had any doubts that Ravi would stick by his word, but to see the head coach move heaven and earth to ensure his best interests were taken care of at a difficult time must have made a massive impact on him.' A fascinating excerpt from R Sridhar's must-read book Coaching Beyond: My Days with the Indian Cricket Team.
Bajaj Finserv was the top gainer in the Sensex pack, jumping nearly 5 per cent, followed by Bajaj Finance, Infosys, M&M, Maruti and HDFC. NSE Nifty surged 93 points to 15,301.45.
Kulkarni was part of the commentary team of the official broadcaster before being approached by the five-time champions.
'The market won't wait for earnings to recover.'
Check out the best playing XI from the IPL 2023 league stage.
