Vodafone Idea Ltd is scheduled to release earnings for the quarter ended December later today, and the telecom operator is expected to see a sequential improvement in the performance, aided by operating leverage benefits and higher average revenue per user. According to estimates given by brokerages, the company’s consolidated net loss in the December quarter … Read more
After a decent set of results from IT heavyweights TCS, Infosys and HCL Tech, investors are eagerly awaiting the quarterly numbers from Tech Mahindra, which will report its earnings today. However, the expectations from the company seem to be modest for the third quarter.Tech Mahindra may report sequential decline in overall revenue and constant currency … Read more
As Ayodhya gets transformed into a global hub of spiritual tourism with the Ram Mandir as its focal point, the temple town is expected to draw 5 crore tourists annually once the Rs 85,000 crore makeover gets completed. The new Ram Temple, which itself has come up at a cost of about Rs 1,800 crore, … Read more
The Passenger Vehicles (PV) segment volumes are expected to log a record 18-20 per cent growth this fiscal as the pent-up demand levels off amid hike in vehicle prices, CareEdge said in a report on Tuesday. It also projected the PV sales volume to continue this growth momentum in the next fiscal, driven by factors … Read more
India’s stock market has overtaken Hong Kong’s for the first time in another feat for the South Asian nation whose growth prospects and policy reforms have made it an investor darling.The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday’s close, versus $4.29 trillion for Hong Kong, according to data … Read more
Kotak Mahindra Bank is expected to report a double-digit growth in net profit for the quarter ended December, led by strong interest income, healthy loan growth, lower credit costs, and stable asset quality. The private sector lender’s net profit for the quarter is seen rising 15.3% year-on-year (YoY) to Rs 3,219 crore, and net interest … Read more
Fintech major Paytm, which has shown considerable improvement in its quarterly earnings for the past few quarters, is expected to post solid revenue growth for the quarter ended December. Revenue from operations may grow 32% year-on-year, according to an average estimate of two brokerages. On a sequential basis, revenue may rise 8%. Losses during the … Read more
Leading private lender IndusInd Bank is expected to report healthy growth in net interest income (NII) for the quarter ended December on the back of solid loan growth. NII for the third quarter is likely to grow around 16% year-on-year, according to an average estimate of five analysts. The NII growth is likely to be … Read more
Despite repeated OPEC plus output cuts and Israel-Hamas conflict, oil prices shed more than 13 percent in 2023 against its previous year’s average price. However, prices exhibited a varied move throughout the year driven by multiple factors that affected its fundamentals. US NYMEX oil started at nearly $80 a barrel in 2023 but pushed down … Read more
“My deeper engagement with meditation began after participating in a Vipassana retreat, which was a transformative experience for me,” says Aryaman Vir, CEO of WiseX. In an interview with ETMarkets, Vir said: “Chess and squash have become more than just hobbies for me; they are vital components of how I unwind and gain perspective,” Edited … Read more
