Ankishinde

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: Indian Hotels Co. Ltd. is in talks to manage two properties that Adani group plans to build at Ahmedabad airport, two sources in the know of the development told Informist.

“There is a limitation of a 15-metre height due to operational airport, so both the hotels would not be high-rise of more than 150–200 rooms,” a senior company official with direct knowledge of the development told Informist. Adani group had earlier announced plans to construct two premium five-star hotels near the international terminal at Sardar Vallabbhai Patel International Airport in Ahmedabad at a

INFORMIST MEDIA: Reserve Bank of India Governor Sanjay Malhotra on Wednesday launched two new features related to the RBI's flagship project, the Central Bank Digital Currency, at the Global Fintech Fest here.
The governor rolled out the tokenisation of certificates of deposit settled using wholesale e-rupee. Tokenisation, in the financial context, refers to representing a real-world financial asset in digital form, as a token, on a secure blockchain ledger technology.
The RBI also launched a sandbox of retail Central Bank Digital Currency. The feature will allow financial technology compan

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: Though most of the Indian pharmaceutical companies are not falling under US administration 100% tariff proposal on branded and patented products, Sun Pharmaceutical Industries Ltd. is likely to feel the heat. Among the Indian drug makers, Sun Pharma has meaningful exposure to patented products in the US, which is seen as a headline risk, though the impact of the tariffs may be limited on earnings, HSBC Global Investment Research said in a report on Friday.
Among Indian companies, only Sun Pharma has sizeable sales from patented products in the US. It reported global sales of

Informist Media: India’s economic outlook remains optimistic in the face of turbulence in global trade and a troubled geopolitical environment with domestic demand expected to continue supporting growth in the second half of 2025–26 (Apr-Mar), the finance ministry said Friday.

“Domestic components of demand have played a key role in supporting growth and (are) expected to remain so in the next half year as well,” the finance ministry said in its Monthly Economic Review report for August. India’s GDP grew at a five-quarter high pace of 7.8% in the June quarter.

Informist Media: Telangana Deputy Chief Minister Bhatti Vikramarka Mallu, who also holds the finance portfolio, Thursday called for a review of the tax devolution framework for fair sharing of taxes between the Centre and the states, and further recalibration of the goods and services tax regime so that it meets the aspirations of both the Centre and the states.
At an event in New Delhi, Mallu expressed concerns over the tax devolution formula as recommended by the 15th Finance Commission. "Several states have voiced concerns about the mismatch between the contributions and receipts," Mallu'

Informist Media: The revenue growth of the Indian pharmaceutical sector is expected to moderate to 7–9% in the ongoing fiscal year from 10% in 2024–25 (Apr-Mar), according to a report by global rating agency Crisil. The agency attributed this decline to a high base effect from advance purchases made in FY25, particularly in regulated markets like the US. Meanwhile, shipments to semi-regulated markets and sales at home are expected to remain steady, it said.

Aniket Dani, director of Crisil Intelligence, expects formulation exports to regulated markets to grow 9–11% in FY26, slower than the

INFORMIST MEDIA: Union Agriculture Minister Shivraj Singh Chouhan has approved the procurement of major pulses and oilseeds in Uttar Pradesh and Gujarat for the crop year 2025–26 (Jul-Jun), the agriculture ministry said in a statement Tuesday. The total cost of procurement is estimated at INR 13.9 billion, the ministry said. Chouhan has authorised 100% procurement for urad and tur, along with procurement of moong, sesame or til, and groundnut in Uttar Pradesh and urad, soybean, moong, and groundnut in Gujarat.
After discussions on Uttar Pradesh's proposal, Chouhan approved the procurement of

INFORMIST MEDIA: S&P Global Ratings Tuesday left its forecast on India’s GDP growth for 2025–26 (Apr-Mar) unchanged at 6.5% with strong domestic demand, lower taxes, and higher government investment expected to support growth. The rating agency projects India’s GDP to grow at 6.7%, 7.0%, and 6.8% over the next three financial years, respectively.

“We expect domestic demand to remain strong, supported by a largely benign monsoon season, cuts in the income and the goods and services tax, and accelerating government investment,” S&P said in the “Economic Outlook Asia-Pacific Q4 2025” report.

Ahmedabad-based biopharma company Concord Biotech Ltd. is gradually moderating its reliance on exports to the US and exploring newer markets to grow sales amid potential tariff risks, a senior company official said. While the pharmaceutical industry has remained relatively safe from the impact of tariffs imposed by the US on Indian goods, Concord Biotech is preparing itself to balance its global exposure and face any future disruptions due to tariff imposition, the official said on condition of anonymity.


The spread to newer geographies and in the domestic market aligns with their broade

Indian bond market gives a good opportunity to investors at the current 10-year level but there is still scope for bond yields to go down, Chief Economic Adviser to the government V. Anantha Nageswaran said. "The 10-year bond yield went to 6.6% but we are now hovering around 6.5% or 6.45%, I think there is still room for it to go down, and it will go down," Nageswaran told news channel CNBC-TV18 at "Reforms Reloaded" Summit on Monday.


The 10-year benchmark gilt yield rose to 6.66% on Aug. 26, its highest in the current fiscal year started April. The spike was due to concern over the Cent

Informist Media: India’s oilmeal exports in August fell nearly 12% on year to 276,834 tonnes, according to data released by the Solvent Extractors’ Association of India Saturday. Oilmeal exports in Apr-Aug were at nearly 1.8 million tonnes, down over 4% from 1.9 million tonnes in the same period last year.

Exports of soymeal in August fell nearly 49% on year to 80,233 tonnes from 156,961 tonnes a year ago, which is also the lowest in any month of this financial year. In Apr-Aug, soymeal exports were at 757,225 tonnes, against 848,982 tonnes a year ago. Soymeal is losing its market share in