New Delhi | Bengaluru: HCLTech, India’s third largest software exporter, reported a 6.8% sequential growth in net profit at ₹4,257 crore, beating ET’s analyst poll estimates of ₹3,745 crore. A fatter bottom-line came largely on the back of a spike in non-core income in the June quarter otherwise marked by sluggish demand. Revenues and margins … Read more
New Delhi: Tata Motors on Monday reported an 8 per cent decline in total domestic wholesales to 74,147 units in June. The company’s domestic wholesales stood at 80,383 units a year ago. Sales of passenger vehicles, including electric vehicles, in the domestic market, were lower by 8 per cent at 43,624 units in June as … Read more
Mumbai: IndiaFirst Life Insurance will launch its public issue within the next 18 months if it is able to consistently achieve quarterly growth that’s higher than the industry’s pace, newly appointed chief executive Rushabh Gandhi told ET. Gandhi said the “IPO plan has been deferred but not shelved”, and will align with market conditions, which … Read more
Shrugging off all worries related to elections, foreign institutional investors (FIIs) have ended up buying Indian stocks worth about Rs 26,565 crore in June – before the Union Budget and India’s inclusion in JP Morgan’s bond index. After being net sellers in the last two months, a U-turn by FIIs comes amid expectations that reforms … Read more
Mumbai: The Indian automobile industry grew 19 per cent to Rs 10.22 lakh crore in FY24 driven by a robust growth in the utility and sports utility vehicle (SUV) segment, a report said on Wednesday. The volume grew by 10 per cent during the year, the report by management consulting firm Primus Partners said. A … Read more
“I would say that it is overall the culmination of multiple factors which has led to this kind of a situation and I do not see any kind of a let-up on these very important contributors for ensuring the quality of the loan book,” says Dinesh Kumar Khara, Chairman, SBI.Do you think the credit cycle … Read more
“Markets keep changing. International developments keep happening. There could be surprises. So, one has to be very alert and agile at all times and try to sort of see, watch the developments in every corner of our own economy and also what is happening all around because things can sort of turn, it takes very … Read more
“India will likely leapfrog two major economic goliaths viz. Germany and Japan over the next 3-4 years,” says Sameer Kaul, MD & CEO, TrustPlutus Wealth. In an interview with ETMarkets, Kaul said: “Market investors would hope for a progressive, non-populist, capex-focused, inclusive and fiscally prudent budget,” Edited excerpts: Market took a U-turn after falling by … Read more
In the ever-changing world of investments, trying to predict the future of an economy can be challenging. Whether you are an experienced investor or just starting your financial journey, understanding whether an economy is on the path to growth or heading towards a recession is crucial. Fortunately, there is a valuable tool that can provide … Read more
With FIIs having already withdrawn around Rs 15,000 crore in the last four days from India amid election related uncertainties, Dalal Street is worried if a lower-than-expected mandate to Prime Minister Narendra Modi will accelerate the pace of outflow in the coming days. As a part of funds are moving towards China and out of … Read more
