Eight Core Industries have recorded growth of 5.2 % in June’16, a rebound from 2.8% growth in May. Its cumulative growth for Q1’FY17 stands at 5.4%, much higher than the growth of 2.5% in Q1’FY16. The growth remains constrained by performance of crude oil and natural gas which continue to record decline in production. The core sectors are the building …
It is turning out to be a good quarter for Corporate India in terms of financial performance for quarter ended June’16. Most of the companies have reported an improvement in profits. Among the major companies, Maruti Suzuki reported 23% increase in profits to Rs 1,486 crore aided by sales growth of 12%. Both ACC, Ambuja …
The results season for quarter ended June’16 begins. It looks like not-so-good FY17 beginning for IT majors with both Infosys and TCS reporting pressure on margins. While consolidated sales grew by modest 1.2% and 3% on sequential basis, net profit decline by 4.5% and 0.4% respectively. On the other hand, Reliance Industries had a bumper quarter …
We are precisely in the middle of the year..! Time for everyone to take stock.. 🙂 The weekly highlights are – RBI releases its Bi-annual Financial Stability report. The report paints a mixed picture where even though the number of “weak” companies has come down, the risk to banking sector has increased. (More on this, …
Britain wakes up to the news of ‘Brexit’ with a narrow 51.9 – 48.1% vote..! The exit, specially in the backdrop of polarized election campaign in the US, seems to indicate growing isolationism the world around, shrugging off the economic costs. Even though the Brits leave with an awareness of certain pain of departure, …
Inflation figures for May’16 released. CPI based inflation rose to 5.76%, second consecutive month of increase after witnessing moderation till March’16 primarily due to increasing food prices. Similarly, WPI based inflation also rose to 0.79%, second month of increase after remaining in the negative zone for more than a year. It may be noted that RBI …
The week’s highlight was the news from banking sector. While SBI initiates process for merger of its associate banks, PNB shocks with more than Rs 5,000 crore loss in Q4’ 16.
For second consecutive week, economy witnesses more activity on policy, regulations and macro economic front rather than corporate action. Inflation and IIP (Index of Industrial Production) data is released showing their continued roller-coaster ride. After falling for three months, retail inflation again rises in April.
A week of hectic activity in the Parliament as a number of bills get passed including the Finance bill’ 2016-17, popularly known as “Budget”.
Results of Corporate India for quarter and year ended March’16 start coming in. The early trend in terms of core results appear quite decent, specially in comparison to earlier quarters’ results. Further, there appears to be an effort to clean up the balance sheet by the companies, probably to act more aggressively, when the next up-cycle …