INC INDIA
Sensex erases all Middle East war losses but is it too soon to forget the Hormuz factor?
Sensex and Nifty have recovered all their losses since the Middle East war began, driven by record FII buying, easing crude prices and strong Q2 earnings. But with the Strait of Hormuz remaining a key risk to global oil supplies, can Dalal Street sustain its recovery or is another setback looming?
Caught between costly inputs and cautious buyers, India Inc takes a hit
Companies in India's consumer goods, automobile, and paints sectors are increasing prices to offset rising costs. The West Asia conflict has severely impacted input and logistics expenses across various industries. While some companies have raised prices, they are still absorbing part of these costs to maintain demand. Consumer giants like Hindustan Unilever and Asian Paints report pressure on their margins despite price hikes.
Why did market rise today? Sensex jumps 773 pts, Nifty ends above 25,250 as rally continues. 4 factors behind Rs 4 lakh cr gains
Sensex and Nifty saw significant gains on Wednesday, buoyed by aggressive Foreign Institutional Investor purchases. Better-than-expected Q2 earnings from various sectors contributed to the optimistic market sentiment. The Indian rupee also rose against the US dollar, improving further economic conditions. Easing oil prices added a positive macroeconomic outlook for India. Overall, the market showcased strong resilience amid fluctuating global scenarios.
Cochin Shipyard net profit falls 50% to Rs 54 crore in Q2
Cochin Shipyard Ltd reported a 50% decline in consolidated net profit for the September quarter of FY27. The company's net profit fell to Rs 53.77 crore compared to Rs 107.52 crore a year earlier. However, total income increased to Rs 1,331.81 crore from Rs 1,245.88 crore during the same period. Total expenses also rose to Rs 1,256.71 crore compared to Rs 1,095.97 crore previously.
Titan bets on studded jewellery, premium watches and eyewear to drive growth
Titan’s strong Q2 performance, driven by studded jewellery and premiumisation, is expected to sustain earnings growth, with gold price stability and a prolonged wedding season likely to revive buyer growth.
Up to 12,000% growth! 181 companies more than doubled profits in Q2 earnings boom for India Inc
India Inc witnessed a strong earnings recovery in Q2 FY27, with 181 companies more than doubling their net profits year-on-year, according to Ace Equity data. Gains spanned banking, metals, energy, pharmaceuticals and consumer sectors. From Indian Oil and JSW Steel to Paytm and Lenskart, here are the biggest profit gainers and what drove their growth.
HSBC, Citi turn bullish as Indian stocks draw record inflows
Global banks are turning more positive on Indian stocks, indicating potential for continued growth and record foreign inflows. Recent data shows that India’s benchmark index surged nearly 8% this month, marking its best performance since mid-2022. As foreign investors shift back to Indian equities, analysts expect significant inflows and improved earnings growth in the coming fiscal years. Falling oil prices are also projected to support corporate profits and economic stability.
Overall, India Inc credit profile looks healthy: Ramnath Krishnan, Icra Group CEO
Corporate India's credit profile has maintained strength following a period of deleveraging post-Covid, although external pressures exist. While rating upgrades continue to outnumber downgrades, specific sectors like chemicals and airlines face challenges. The potential for a drop in credit ratios exists, dependent on geopolitical factors and inflation rates. Companies remain hesitant to invest heavily amid uncertain consumer demand, leading to muted private sector capex.
Bond yields muddy the books as banks prepare for new accounting rules
With a new accounting framework approaching in April 2027, Indian banks like Canara Bank and Central Bank of India are adjusting their transition costs and reassessing their portfolios. Recent fluctuations in government bond yields, driven by economic factors such as oil prices and currency volatility, have led banks to increase their expected credit loss provisions.
Longer Diwali breaks: companies give employees more time to celebrate
Many companies are providing extended breaks for their employees during Diwali to promote well-being and family connections. Embassy Group is giving its employees a nine-day break, emphasizing a people-first culture. CashKaro is offering six days off to help employees recharge after the busy festive season. Myntra plans to recognize employee contributions with two additional holiday days following its sales period.
Workout after work: India Inc flexes its fitness muscle
Employers in India are enhancing workplace fitness programs to promote well-being and active lifestyles among employees. Companies like Procter & Gamble and InMobi now offer gym facilities and wellness initiatives. The demand for fitness programs is rising among mid-sized businesses and startups, providing greater access to wellness resources.
AI slump revives Asia’s forgotten trades from China to India
Global investors are rethinking their Asia bets as the AI trade loses momentum following the US midterm elections. India and China are emerging as potential beneficiaries of the shift, with funds rotating towards undervalued stocks, domestic growth, healthcare, consumer companies and financials. India's limited AI exposure, easing oil prices and renewed foreign inflows are strengthening its appeal.
Workout after work: India Inc flexes its fitness muscle as employers make workplace wellness harder to skip
Indian companies are expanding workplace fitness programmes, offering employees access to office gyms, group exercise classes, personal training, sports facilities and memberships across multiple locations. Procter & Gamble, InMobi and Walmart Global Tech are among the employers investing in employee wellness, while fitness providers Cult for Corporates and Fit.Zone report growing corporate demand. The focus is increasingly shifting from offering fitness as an employee perk to encouraging greater participation and making healthy routines part of the working day.
ED probes $1.5 million foreign funding trail across six countries over alleged meddling in India's domestic affairs
In a significant investigation, the Enforcement Directorate is examining the financial transactions of foreign companies that are tied to India's domestic issues. Investigators have followed $1 million in payments through various jurisdictions before pinpointing a firm in the UK. Of particular interest is the $500,000 that originated from a Canadian source.
India Inc lights up Diwali with longer weekends, flexible work and extra pay for festive shifts
Companies across India are making Diwali more employee-friendly through extended holidays, work-from-home options, practical gifts and workplace celebrations. Zepto advanced its holiday, while Hitachi India offered employees a choice of gifts. NoBroker.com organised celebrations involving support staff, and Trev Mobility announced additional payouts for driver-partners working during the festival.
Glenmark Pharma Q2 Results: Net profit plunges 56% to Rs 264 crore, revenue down at Rs 4,247 cr
Glenmark Pharmaceuticals experienced a 56.78 percent drop in consolidated profit after tax during the September quarter. Total revenue from operations decreased to Rs 4,247.32 crore compared to the previous year. The company's total expenses also decreased during the same period, indicating some operational efficiency. A subsidiary of Glenmark Pharma entered into a settlement for USD 15 million with Humana Inc.
Stockal scam: Trading platform says unauthorised third party accessed customer accounts
Stockal has disclosed that unauthorized trading practices impacted 13 client accounts, resulting in notable financial losses. Investors claim their assets were liquidated without consent, redirecting funds towards unauthorized transactions. An investigation revealed there was no compromise within Stockal's systems; however, it points to a likely social engineering incident. Affected investors have reached out to regulatory bodies in India and the U.S.
Democrats’ win rattles Trump trades from AI stocks to crypto
The recent Democratic majority in Congress triggered a downturn in global markets, most notably impacting technology stocks. Investors are now wary about President Trump’s policies and their implications for AI investments. Conversely, solar stocks saw an uptick, signaling potential changes to clean energy regulations. Additionally, Treasury yields dropped as heightened oversight dampens fiscal stimulus hopes, while cryptocurrencies also fell amid uncertainty surrounding upcoming industry regulations.
India Inc’s boardroom report makes for grim reading
Women currently hold one in five seats on Nifty 100 company boards, remaining unchanged over the past four years. Younger independent directors under the age of 50 have decreased in number on these boards. A report reveals that 17 companies, primarily state-run, lack the required number of independent directors.
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