Ankishinde

Companies in the basic industries sector are likely to have gathered pace in their combined on-year earnings and revenue performance in the September quarter, as compared to the trailing quarter, amid better volumes, stable prices, and lower or benign costs. The likely superlative performance, however, hinges upon the largest companies in sub-sectors such as metals, capital goods, and cement, which are seen reporting strong growth in their bottom line.

Despite persistent concerns about US policies and no major improvement in demand, India’s information technology companies are likely to report better sequential earnings in the September quarter due to higher revenue conversion and lower project delays and deferrals, according to broking firms. Most IT companies are expected to post sequential growth in their bottom line and top line, with mid-cap IT players likely to outperform their larger peers at least for the 20th quarter in a row.

“The demand environment has not deteriorated, though weak discretionary spending, slower decision makin

HCL Technologies Ltd.'s consolidated net profit for the quarter ended September was INR 42.35 billion, up over 10% from INR 38.43 billion a quarter ago but lower than analysts' estimate of INR 42.75 billion. The company's consolidated revenue for the quarter was INR 319.42 billion, up over 5% from INR 303.49 billion a quarter ago. Analysts saw the company's consolidated revenue at INR 315.98 billion. The company will pay an interim dividend of INR 12 per share.

* HCL Tech Jul-Sept consol net profit INR 42.35 bln
* Analysts saw HCL Tech Jul-Sept consol net profit at INR 42.75 bln
* HCL Te

The Reserve Bank of India's proposed norms transitioning to an expected credit loss accouting is unlikely to put pressure on India's banks and their profitability, Fitch Ratings said in a release Monday. The viability rating scores of Indian banks are unlikely to be affected as key risk ratios will not fall significantly, the ratings agency said.

"Fitch Ratings believes the Reserve Bank of India's (RBI) recent package of 21 reforms will be broadly positive for the country's financial sector, with an improved regulatory framework likely to strengthen the bank operating environment," the rel

INFORMIST MEDIA: Reserve Bank of India Governor Sanjay Malhotra on Wednesday urged financial technology companies to build systems for financial inclusion as well as an innovative credit delivery mechanism. Speaking at the Global Fintech Fest, Malhotra asked companies to “design products and services that are easy to use, accessible to all, and assistive technologies.”

He also said that fintech companies need to focus on knowledge, visibility and prioritise customers. At the same time, these companies need to comply with regulatory norms and have very strong data protection, transparency,

The valuation of the Indian equity market is expensive but stocks are unable to go through a "cleansing" or correction phase despite selling by foreign investors, promoters, and private equity funds because of the heavy domestic inflows through mutual funds, Venkatesh Balasubramaniam, managing director and head of research at JM Financial Institutional Securities, told Informist in an interview. "I personally believe this is not the right time to invest in the market," Balasubramaniam said. "The market is not going to go anywhere over the next 6-9 months."

Balasubramaniam believes the mar

Investing at current market valuations may put long-term returns at risk even if one is putting in money through systematic investment plans, Unmesh Sharma, head of institutional equities at HDFC Securities, said in an interview with Informist. Equity investors have still not registered the fact that investing at two standard deviations above the long-term average could hit their returns over a decade, he said.

"If you are putting money in SIP at 22 times earnings (of Nifty 50)...and think I will still get 12-13?GR if I keep my money till the time I am 45 (years old), that is going to fal

After a pause in July, gold holdings of global central banks rose in August, with net purchases of 15 tonnes, the World Gold Council said, citing data from the International Monetary Fund and respective central banks. This is broadly in line with monthly net purchases between March and June, and signals a return to gold buying, the council said.

WGC scaled down its initial estimate for July of addition of 10 tonnes after Bank Indonesia reported an 11 tonne sale. The recent rally in gold prices likely remains a constraint on the level of buying by central banks and may be a factor in more t

INFORMIST MEDIA: Futures contracts of gold and silver on the Multi Commodity Exchange of India rose to fresh all-time highs, tracking high prices on COMEX amid hope of rate cuts by the US Federal Reserve that would enhance the allure of the non-interest bearing precious metal. Market participants are also pricing in two more interest rate cuts by the US Fed this year.

According to the CME FedWatch tool, 89.3% of the traders are pricing in a 25-basis-point rate cut in October and 10.7% anticipate the rates to remain unchanged at 4.00–4.25%. Lower interest rates increase the appeal of non-in

In a meeting with Agriculture Minister Shivraj Singh Chouhan in Delhi Friday, Deputy Prime Minister of the Russian Federation Dmitry Patrushev conveyed Russia's interest in deepening agricultural trade ties between the two countries and showed an interest in formalising the partnership through the signing of a memorandum of understanding, the Ministry of Agriculture & Farmers Welfare said in a release.


The two leaders engaged in discussions on a range of issues, especially on deepening bilateral trade and cooperation in agriculture mainly through the expansion of India's exports of agric

Informist Media: The Andhra Pradesh government has granted a petroleum mining lease on nomination basis to Oil and Natural Gas Corp. of India to develop onshore wells in two 1B-KG Basin-land blocks, a source told Informist. The state-owned oil and gas exploration company got lease rights for 30 square kilometres in onshore Mandapeta 1B block and Manepalli 1B block, according to documents reviewed by Informist.

Being granted a petroleum mining lease for onshore fields, known as PML blocks, means that ONGC can now begin commercial development and production of oil and gas from the allocated

The average price of Indonesian palm oil in 2025-26 (Nov-Oct) is likely to fall to $950-$1,000 per tonne from an estimated over $1,000 per tonne so far this year on the back of an expected increase in production. Lower prices of the commodity and a cut in the import duty in India could, in turn, push up the overall imports of palm oil in India. In a free-wheeling interview with Informist, Indonesia Palm oil Association Head of Foreign Affairs Department Fadhil Hasan and Chairman Eddy Martono speak about increased production and what that means for the country's exports and fuel blending progr

The recent reduction in goods and services tax has led to unprecedented walk-ins, surge in enquiries, and record deliveries across most automobile segments in just the first two days, Shailesh Chandra, president of the Society of Indian Automobile Manufacturers, said in a statement Tuesday. Chandra said the start of the festival season has been "extremely encouraging".


GST on entry-level two-wheelers and small cars was reduced to 18% from 28%. GST on tractors was reduced to 5% from 18%. The changes came into effect Monday.