Even as good days continue to elude the economy at large, they seem to have arrived for Maruti Suzuki.
'The most important issue for Indians, the only way in which to get them quickly out of poverty, is sustained high growth.' 'If we are not doing that despite a strong government and a leader with clarity of vision and purpose, we are facing big trouble.'
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
Maruti Suzuki India, country's largest carmaker on Thursday reported 3.7 per cent rise in total sales in September.
Stretched valuations and slowdown in DII flows are some of the reasons why Goldman Sachs cut its India rating to 'market-weight'
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
The IMF's predictions for India's near-term growth may seem rosy, but the usual caveats apply - that is, we are apt to under-perform.
A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets, says Akash Prakash.
In the last 3 months, rupee has depreciated 16% against dollar.
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
'In the short term, we may see some disruptions due to Covid, but in the medium-to-long term, we should keep an eye on US inflation and 10-year bond yields.'
The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
The earlier government was blamed for non-performance, the current one will be rightfully blamed for mismanagement
There are also signs that the private sector investment cycle is slowly coming back, as capacity utilisation figures across industry continue to slowly creep up. A pickup in investments will front load profitability, says Akash Prakash.
'Vaccination is very important for an economy to start functioning properly.'
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The global economy may just be entering a new phase.
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
The company's net profit was Rs 5,972 crore in the same period of 2014-15 fiscal.
India's real GDP growth is set to exceed 7 per cent for CY-2015.
Foreign portfolio investors were net buyers in equities to the tune of Rs 119 crore, as per provisional stock exchange data.
The Indian Navy has a big role to play in support of our strategic objectives in the Indian Ocean. The increasing Chinese presence in the Indian Ocean is a matter of concern and need to be factored. Hence, the requirement of an Aircraft Carrier is a foregone conclusion, asserts Commodore Venugopal Menon (retd).
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
'We think FY18 will end with a 10 to 12 per cent earnings growth, but FY19 will see a recovery to over 15 per cent.'
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
The RBI must cut rates to spur growth, say experts.
Through the past 12 months, the Bank Nifty has risen 55%
Maruti Suzuki, Hyundai and Mahindra failed to register significant growth.
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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Data also show that several other leading domestic pharma companies have recalled their products from the US
The broader NSE Nifty slipped below the 10,500-mark by falling 103 points, or 0.97 per cent, at 10,482.20. It touched a high of 10,645.50 and a low of 10,464.05 during the day.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
The 30-share Sensex was up 188 points at 28,415 and the 50-share Nifty was up 58 points at 8,584.
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
Investors booked profits in recent gainers
