The combined net profit of “early bird” companies, those that have declared their quarterly results, rose for the third consecutive quarter in July-September 2023 (Q2FY24). But the figures suggest a continued slowdown in revenue growth and stagnation in earnings over recent quarters. This slowdown is severe for companies in the manufacturing and non-financial service sectors.
Posts tagged Rediff
Will Made In India Google Pixel Phones… (30-10-2023)
Making the Pixel 8 in India will not necessarily bring the price down — witness iPhones made in India that are more expensive than those in the US and Dubai.
What Investors Must Do Next: Must Read! (30-10-2023)
‘In the next one-and-a-half, two months you’ll get decent amount of opportunities in the mid-cap and small-cap sector at lower levels.’
How the markets will fare this week (29-10-2023)
The US Federal Reserve’s interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked. “All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields.
How the markets will fare this week (29-10-2023)
The US Federal Reserve’s interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked. “All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields.
Ericsson sets up 6G R and D centre in India (28-10-2023)
Swedish telecom gear maker Ericsson on Saturday announced setting up a 6G research and development centre in Chennai. Ericsson is also looking to partner with other premier engineering institutes in India for 6G-related research. “This R and D centre in India is a small unit which will become bigger. We only have three in the world.
$800/tonne minimum export price imposed on onion (28-10-2023)
The government on Saturday imposed a minimum export price (MEP) of $800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the domestic market and contain prices. The decision will come into effect from October 29. Besides, the government has also announced the procurement of additional 2 lakh tonnes of onion for the buffer, over and above the 5 lakh tonnes already procured.
Israel war: “Markets not pricing in an escalation’ (28-10-2023)
Global financial markets are not yet fully factoring in any escalation in the Israel-Palestine geopolitical conflict, said Christopher Wood, global head of equity strategy at Jefferies in his latest weekly note to investors, GREED and fear. The pertinent point about ongoing events in West Asia from a financial market perspective, according to him, is that, despite much talk about a pending ground invasion of Gaza, no such invasion has yet happened. “This is beginning to make GREED and fear wonder if it is ever going to happen.
‘India is big enough to have over 4 airlines’ (28-10-2023)
‘Within five years, we should be achieving more on the international front than what it took most airlines 15 to 20 years back.’
Maruti Suzuki Q2 net profit jumps over 80% (27-10-2023)
Maruti Suzuki India’s net profit surged 80.3 per cent to Rs 3,716.5 crore in the September quarter, driven by better sales, softening commodity prices, cost reduction efforts and higher non-operating income. The company had delivered a net profit of Rs 2,061.5 crore in the year-ago period, Maruti Suzuki India said in a statement on Friday. Maruti said it is expecting the affordability of small cars in the domestic market to come back in the next 2-3 years in the face of rising income levels of people and a growing economy, among others.