COMPOUNDED ANNUAL GROWTH RATE
8th Pay Commission: High fitment factor vs high increment rate; how salaries of Level 5-7 employees may change over 10 years
8th Pay Commission calculator: The growth of central government employees' salaries heavily relies on fitment factors and annual increment rates. Various organizations have proposed differing fitment factors and increment rates for the 8th Pay Commission. Salary estimates reveal the potential financial impacts for Level 5-7 employees based on varying conditions. A high increment rate could potentially close the salary gap over time compared to a high fitment factor.
China Central Bank vows stronger policy support to achieve economic growth targets
China's central bank has pledged stronger monetary support and increased policy adjustments to help achieve its annual economic growth targets. The People's Bank of China flagged weak domestic demand, structural challenges and external uncertainties, while promising to keep borrowing costs low and support key sectors, including technology and infrastructure.
AI boom powers Siemens to record annual profit
German engineering giant Siemens posted record annual profit on Thursday and said it saw growth ahead as the artificial intelligence boom sweeps up European companies in its supply chain. Siemens said it expected further growth in the current business year, guiding for sales growth of between nine and 11 percent across the company as well as broadly stable or higher profit margins at its two biggest divisions.
Dollar near one-month high as yen edges toward 160
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.63% to 102.85, its highest level since October 14.
India's growth gets further votes of confidence as Moody's raises FY27 forecast to 7% from 6.5%
Moody's Ratings has raised India's economic growth forecast for 2026-27 to 7% from 6.5%. This adjustment reflects the nation's strong consumption and improving investment dynamics. Despite potential challenges such as policy interest rate hikes, consumption remains crucial for growth. Additionally, SBI Research predicts a growth of 7.8% for India in the July-September quarter. Improving economic indicators suggest a strong recovery might be underway, supporting a new cycle of private investment.
Manyavar maker Vedant Fashions struggles to revive growth as same-store sales drop 5.8% in Q2
Manyavar maker Vedant Fashions is facing mounting competition and slowing growth, with same-store sales declining 5.8% in the September quarter. Revenue grew at an annual rate of just 2.7% between 2022-23 and 2025-26. Industry experts say demand moderation and aggressive store expansion have added to the company's challenges.
Tea industry groups back panel's proposal for minimum sustainable price as costs outpace prices
Five tea industry associations have welcomed the government committee's recommendation for a minimum sustainable price for tea. This recommendation aims to address rising production costs that are exceeding the prices received by producers. The proposed benchmark price is linked to wage movements and consumer price indices, which will be reviewed periodically. Producers believe this pricing mechanism will help absorb wage increases and support investment in tea production.
Drugmakers tap China AI app boom to reach doctors as crackdown upends marketing
As scrutiny intensifies, Chinese pharmaceutical companies are shifting gears toward digital marketing initiatives. Traditional face-to-face communications are waning, prompting the industry to embrace AI-fueled applications for connecting with healthcare providers. These tools facilitate compliant relationships, sparking partnerships among health-tech firms to disseminate clinical information through digital channels. This marks a pivotal change in marketing dynamics within the pharmaceutical landscape.
Samvat 2083 stock picks: 10 ideas from India’s top brokerages for the next Diwali
Brokerages have identified 10 stocks across banking, defence, hospitality, quick commerce, consumption and manufacturing for Samvat 2083. Kotak Mahindra Bank, Bharat Electronics, Indian Hotels, Adani Ports and Eternal feature among their picks, backed by earnings visibility, strong balance sheets and structural growth opportunities. Their target prices suggest further upside potential.
How rising bond yields and interest rates are putting pressure on stock market valuations
Higher yields boost safer investments’ appeal, pressuring equity valuations despite earnings recovery. Equities are riskier than sovereign bonds. If a virtually risk-free government bond pays 7.4%, investors won’t settle for the same return from volatile stocks they accepted when bonds yielded 5% or 6%.
Charting the global economy: Job growth in US tops all forecasts
US employment rose significantly last month, with the jobless rate declining to 4.1%, indicating robust economic activity. Labor productivity increased sharply in the third quarter, reflecting business adaptation to rising costs and greater efficiency.
IPO-bound BRND.ME’s Villain enters new category to tap a multi-billion fragrance market
BRND.ME is diversifying its Villain fragrance brand into the unisex market. The release of two new Eau de Parfums, named Muse and V-Code, marks a significant milestone in meeting the preferences of the younger Gen Z audience that favors inclusive scents. Supported by strong distribution and a powerful online presence, this expansion signifies BRND.ME's ambitious plans for an IPO and further global reach.
LG Electronics shares jump 8% to 52-week high after Q2 results. Jefferies retains Buy, retains target price
LG Electronics India shares surged to a 52-week high after strong Q2FY27 results, with Jefferies retaining its Buy rating and Rs 1,950 target price. The brokerage expects 21% EPS CAGR through FY29, driven by premiumisation, capacity expansion and new business opportunities.
BSE shares jump 4% after Q2 results. Here’s what Bernstein, Motilal, others are saying
BSE shares rose sharply after the exchange reported a 44.9% year-on-year increase in Q2FY27 net profit to Rs 809 crore. Motilal Oswal maintained its Buy rating, Bernstein retained Underperform, while Nuvama continued with Hold. Here's what the three brokerages said about BSE's earnings and growth outlook.
SBI share price target: Jefferies, Motilal, others see up to 34% upside in state lender. Buy, sell or hold?
State Bank of India has seen a remarkable 15% increase in profits year-on-year, totaling Rs 23,038 crore for the second quarter. With a loan book surpassing Rs 52 lakh crore and a 10% rise in interest income, brokerages have set optimistic Buy ratings on SBI shares, suggesting target prices between Rs 1,225 and Rs 1,350. Despite this positive outlook, management highlighted possible obstacles from macroeconomic shifts and potential treasury losses.
Only 3.2% of working Indians trade stocks. Why Morgan Stanley likes NSE
Morgan Stanley has initiated coverage of NSE with an overweight rating and a price target of Rs 2,315, citing its dominant market share, strong liquidity and India’s underpenetrated capital markets. The brokerage expects revenue and normalised profit to grow at 15% annually between FY27 and FY29. It sees long-term growth opportunities but flags regulatory changes and market-share losses as key risks.
Mindspace REIT leases 1.6 million sq ft in Q2, NOI rises 31.9%
The Real Estate Investment Trust (REIT) has also leased around 0.6 million sq ft at its newly acquired Chennai assets since acquisition. A large transaction covering around 0.5 million sq ft was signed at One Radial with a European banking, financial services and insurance (BFSI) global capability centre (GCC).
Marico Q2 Results: Net profit jumps 31% YoY to Rs 550 crore, revenue rises 12%
Marico reported a 31% YoY rise in Q2FY27 net profit to Rs 550 crore, while revenue grew 12% to Rs 3,897 crore. EBITDA increased 27%, margins expanded to 18.2%, and management expects double-digit growth during FY27.
Jio Platforms is becoming more than a telecom company: Dolat Capital
Jio Platforms is poised to evolve beyond telecom as tariff hikes, 5G monetisation, home broadband and enterprise digital services drive its next growth phase, according to Dolat Capital. The brokerage initiated coverage with an Accumulate rating and a target price of Rs 1,435, citing strong growth prospects and rising free cash flow.
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