 "News digest: Corporate earnings, Jet gets notice, HUL vs ITC, and more")
FY19: 11th year of missed estimates
In yet another disappointment for investors, the current fiscal year may end up with lower than estimated earnings for the Indian corporate sector. According to the data, 2018-19 (FY19) is likely to be the 11th consecutive year of the S&P BSE Sensex earnings falling short of the consensus estimates. The last time the actual Sensex earnings came ahead of estimates was in 2007-08. Read more
Jet Airways defaults on lease rentals
Jet Airways has defaulted on payments to aircraft lessors and has been served show cause notice by Airports Authority of India (AAI) for payment delays. Read more
Microfinance firms feel the ripple effect of liquidity crisis
Small and mid-sized microfinance firms are facing liquidity crisis to the extent that some of them are being forced to stop fresh lending. Read more
OYO to invest $1.2 bn in global expansion
SoftBank-backed budget hospitality chain OYO, which operates in multiple markets including India and China, will invest over a billion dollars (about Rs 87 billion) over the next three years to add several 100,000 rooms to its brand. Read more
HUL vs ITC: Stable consumer demand aids growth in Q2
Hindustan Unilever (HUL) and ITC posted a strong revenue growth in the July-September period, led by a recovery in consumer demand. At 11.1 per cent (HUL) and 12.7 per cent (ITC) revenue growth, both firms gained from an uptick in sentiment in most categories. Read more
In yet another disappointment for investors, the current fiscal year may end up with lower than estimated earnings for the Indian corporate sector. According to the data, 2018-19 (FY19) is likely to be the 11th consecutive year of the S&P BSE Sensex earnings falling short of the consensus estimates. The last time the actual Sensex earnings came ahead of estimates was in 2007-08. Read more
Jet Airways defaults on lease rentals
Also Read
Microfinance firms feel the ripple effect of liquidity crisis
Small and mid-sized microfinance firms are facing liquidity crisis to the extent that some of them are being forced to stop fresh lending. Read more
OYO to invest $1.2 bn in global expansion
SoftBank-backed budget hospitality chain OYO, which operates in multiple markets including India and China, will invest over a billion dollars (about Rs 87 billion) over the next three years to add several 100,000 rooms to its brand. Read more
HUL vs ITC: Stable consumer demand aids growth in Q2
Hindustan Unilever (HUL) and ITC posted a strong revenue growth in the July-September period, led by a recovery in consumer demand. At 11.1 per cent (HUL) and 12.7 per cent (ITC) revenue growth, both firms gained from an uptick in sentiment in most categories. Read more
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