After being shunned by foreign investors and missing the AI boom, a cheaper market, earnings revival, and macro stability offer a contrarian opportunity
Sector hopes for relief as FTA talks with the US and EU progress; FY26 exports may still reach $30-35 billion
Federal Bank on Saturday reported a 9.51 per cent decline in its September quarter consolidated net profit at Rs 991.94 crore as provisions surged. The private sector lender had reported a net profit of Rs 1,096.25 crore for the year-ago period. The core net interest income rose 5.4 per cent to Rs 2,495 crore on the back of a 6.23 per cent growth in its loan book and a 0.06 per cent compression in the net interest margin year-on-year at 3.06 per cent. A senior bank official said the lender is aiming to grow the book by 10-12 per cent in the second half of the fiscal, which will be higher than the 7.6 per cent in H1 and lead to a credit growth of under 10 per cent for FY26 even if the upper end of the aim for the latter half is met. This will be lower than the 12.14 per cent for FY25. Managing director and chief executive K V S Manian told reporters that demand for corporate loans, which form a sizable chunk because of the high number, is still weak and hoped that the increase in .
Shiptracking data showed India's exports to Europe reached these levels for the first time since such figures began to be recorded in 2017
R&I Japan upgraded India's sovereign credit rating to BBB+ from BBB with a stable outlook, citing demographic dividend, resilient domestic demand and fiscal policy progress
Japanese probiotic fermented milk major Yakult is betting on the potential of India, which it believes could break into its top ten global markets in the future, driven by a growing middle class, a senior company official said on Thursday. The company, which operates in India as a 50:50 joint venture between Yakult Honsha, Japan, and Groupe Danone, France -- two global probiotic leaders, is seeking to expand in the mass segment and has roped in Bollywood Actor Taapsee Pannu, as its new brand ambassador. "The growth (expectation in India) is double-digit growth for this year and the next year also," Yakult Danone India Pvt Ltd Managing Director Eiji Amano told PTI here. On the road ahead for the company in India, he said the target would be to achieve double-digit growth every year until 2030, reflecting the growing demand for probiotics and the confidence it has in the Indian market. After the COVID-19 pandemic, Yakult has witnessed accelerated growth, he said, adding that the ...
Korean electronics major Samsung's laptop production at a Noida plant is targeted at meeting the requirements of the Indian market for now, sources aware of the development said. Expanding its manufacturing portfolio in India, the electronics major recently started producing laptops at a Noida factory. Samsung has been manufacturing feature phones, smartphones, wearables, and tablets in India till now. "The laptop production being done at a Noida factory is to meet the requirements of the Indian market only at present," a source told PTI. An email query sent to Samsung did not elicit any reply. Union Electronics and IT Minister Ashwini Vaishnaw, after a meeting with Samsung Southwest Asia President and CEO JB Park, and Samsung Southwest Asia Corporate Vice President SP Chun, on Saturday said that "Samsung continues to expand manufacturing of its advanced technology devices in Bharat, driven by talent and innovation." Samsung was one of the first global electronics companies to set
This area is set to double to 2 billion sq ft during 2036-2041. The market offers a unique cost advantage, with average rents declining to $0.96/sq ft a month in 2025
French auto major Renault is looking for the EV ecosystem in India to mature before getting into the space. The company also said it is expecting to complete the acquisition of Nissan stake in the Chennai manufacturing plant "very soon." Earlier, Renault rolled out the all-new, seven-seater Multi Purpose Vehicle (MPV) Triber at a starting price of Rs 6.29 lakh (ex-showroom). "We are doing our analysis. We are looking for the whole ecosystem to mature before we put the product in place," said Venkatram Mamillapalle, Managing Director at Renault India. Currently, what Renault India is looking for is the "maturity of the market, the regulation and the ecosystem. All three together," he added. He said that the company is going to be there in multi-powertrain options, including electric, adding, "We will take an appropriate time to announce the launches, and one at a time. " "CNG and gasoline are already there. So we are talking about other energies. The endeavour to come to that lev
Though trading restrictions are expected to be lifted, Jane Street remains prohibited from using the specific trading strategies flagged by Sebi
German furniture fittings major Hettich expects India to contribute around 20 per cent of its global sales, already its second biggest market, according to a top company official. The company, which started manufacturing in India in 2013 at its Vadodara unit, is looking to leverage on the government's policy of promoting local manufacturing and tap the fast growing middle class in the country -- its fastest growing market in the world -- to strengthen its market leadership, Hettich India, Middle East & Africa Managing Director Andre Eckholt told PTI. He said Hettich is also scaling up exports to other markets, including the US, Australia, Europe and China, as it enhances production in India with a second manufacturing plant in Indore, Madhya Pradesh. "As a Hettich group, we have a global revenue of 1.5 billion euros, and the share of India is growing year-on-year because India for Hettich is the fastest growing market. Our share of the global revenue is increasing year-on-year," ..
Regulator finds Jane Street manipulated Bank Nifty to profit in options trade and directs disgorgement of ₹4,844 crore while imposing a ban until illegal gains are recovered
CareEdge expects a marginal rise in credit costs and gross NPAs in FY26 due to stress in unsecured personal loans and microfinance, though provisioning remains robust
HSBC survey shows 87% of Indian firms are pivoting to the domestic market to reduce global exposure amid trade policy uncertainty and rising costs
Vatsa said Nissan is sticking to its plan of launching three new models by early 2027
With most of the events taking a back seat, the markets have been trading sideways, looking for a direction; Here's what Emkay recommend
Bullish on Indian market growth, leading data analytics and artificial intelligence player Qlik expects its customer base to cross 1,000 this year. "We have doubled our business in the last two years. We have a good representation of 800 plus customers now, including Indian Oil, Ather Energy, NSE and HDFC Life," Qlik Managing Director (India) Varun Babbar told PTI here. Prodded further about crossing the 1,000 customer milestone, he said, "We should be able to do it soon...it should happen this year, but it's difficult to say exactly when". There are a lot of small and midsize businesses that are doing quite well, and they are going to be the next set of partners, both on data analytics and AI strategy. From a headcount perspective, he said, India is the third largest employer within the Qlik ecosystem after the US and Sweden. India is prioritised a lot in terms of investment as well, he said, adding that, data centre was opened recently in India with a large investment. Located
On the bourses, Hero MotoCorp shares were in demand, with the scrip rising up to 2.70 per cent to hit an intraday high of Rs 3958.40 per share.
For the Nifty 50 index to hit the lower circuit, it has to fall 10 per cent to 21.846.20 levels on Friday. If this becomes a reality before 1 PM, then the trading will be halted for 45 minutes
The rally in the SEPC share price came after the company executed a Framework Agreement with ROSHN Group Company, Riyadh, Kingdom of Saudi Arabia (KSA) to carry out infrastructure works in KSA