Ankishinde

Analysts expect high costs to hit the earnings growth of companies in the March quarter, an otherwise better quarter that saw improvement in revenue growth. The US-Iran conflict pushed gas prices higher and interrupted the supply of key raw materials, which is likely to have resulted in higher costs for companies, brokerages said.
The 49 constituents of the Nifty 50 index for which estimates were available are likely to report a cumulative net profit growth of just over 3% for the March quarter over the same quarter last year, according to an Informist poll of 16 brokerages. The latest quart

Asian Development Bank has projected India's GDP to grow 6.9% in the current financial year, 40 basis points higher than estimated earlier but slower than the 7.6% growth in FY26. The multilateral bank expects the war in West Asia and high energy prices to weigh on India's economic activity and exports and push inflation higher in the near term.Growth is seen moderating this year mainly because of heightened global uncertainty caused by the war in West Asia, higher energy prices, and volatile trade and financial conditions, ADB said in its Asian Development Outlook for April. Growth is expect

The Reserve Bank of India Wednesday projected India's GDP growth in 2026–27 (Apr-Mar) at 6.9%. The central bank also cut its growth estimates for the June quarter to 6.8% from 6.9% and that for the September quarter to 6.7% from 7%.
The RBI projected growth of 7% for the December quarter and 7.2% for the March quarter. But risks to the baseline projection are tilted to the downside with uncertainty remaining elevated due to the West Asia conflict, RBI Governor Sanjay Malhotra said, while giving the projections. "Further escalation and wider spread of the conflict, heightened volatility in gl

The Reserve Bank of India's Monetary Policy Committee Wednesday left the policy repo rate unchanged at 5.25% in a unanimous decision, Sanjay Malhotra, the central bank's governor, said. Malhotra said the war in West Asia poses risks to India's economy even as the fundamentals remain strong. The committee also retained its 'neutral' policy stance.
The rate-setting panel's decision was on expected lines. Most economists and market participants polled by Informist had expected the committee to hold the key interest rate and stance. The committee has lowered the repo rate by 125 bps in 2025, the

The Central Bank Digital Currency is the future of payments, but there is a right time to launch it, Reserve Bank of India Deputy Governor T. Rabi Sankar said Wednesday. The right time to launch the Central Bank Digital Currency depends on other countries being "ready" for it, as the biggest advantage of this currency is in cross-border transactions, Sankar said at a post-policy press conference. The RBI is in no hurry to launch the digital currency, he said.

So, if you quickly launch it and the other countries have not launched it, that is not the situation we want to be in," Sankar said.

The Reserve Bank of India will remain proactive and pre-emptive in managing liquidity conditions to ensure the financial system has adequate funds to support the needs of the economy, Governor Sanjay Malhotra said after the Monetary Policy Committee’s meeting on Mon-Wed.Liquidity in the banking system has remained comfortable, with an average daily surplus of about INR 2.3 trillion since the last monetary policy meeting on Feb. 6, Malhotra said. The RBI, he said, would ensure sufficient liquidity is available to meet the productive requirements of the economy, indicating continued support for

The Reserve Bank of India’s recent restrictions on foreign exchange trades involving the rupee have created favourable condition for foreign portfolio investors to exit their holdings of Indian government bonds, dealers said. FPIs have taken the opportunity to sell gilts under the fully accessible route at the fastest pace on record.
FPIs sold INR 40.33 billion of index-eligible gilts on Thursday, according to Clearing Corp. of India data. On Mar. 30 and Thursday, they sold INR 73.19 billion worth of these bonds, the largest quantum of sales over two sessions since the fully accessible route

The Supreme Court Monday ordered the Central Bureau of Investigation to initiate within two weeks a preliminary enquiry into award of public work contracts worth INR 12.70 billion in Arunachal Pradesh to firms owned by the family members of Chief Minister Pema Khandu. Preliminary enquiry and consequential investigation, if any, shall cover execution of public works, contracts, and work orders within the period from 2015 to 2025, said the bench of Justice Vikram Nath and Justice Sandeep Mehta.
The CBI shall in particular examine awards made to Khandu, his father's second wife Rinchin Drema an

FSN E-Commerce Ventures Ltd., which operates its business under the Nykaa brand, Monday said its consolidated net revenue growth on year for the March quarter is expected to be in the late twenties, which would be the highest growth in the past 12 quarters. "This strong performance came on the back of acceleration in fashion vertical along with sustained strong performance of beauty vertical," the company said in an exchange filing.
The company's consolidated gross merchandise value growth and net sales value growth for Jan-Mar are expected to be in late twenties and early thirties, respecti

Prices of wheat and rice were unchanged and prices of maize were unavailable in key spot markets across the country, traders said. Wheat prices are steady and likely to remain so in the near term amid some need-based demand and the government's procurement, they said. Rice prices are unchanged on limited domestic demand amid tight supplies, they said. Maize prices were unavailable as some markets were shut for Akshaya Tritiya, they said.
WHEAT prices in Kota, Rajasthan, were unchanged at INR 2,325-INR 2,370 per 100 kg, said Ravi Mehta, a local trader. Arrivals fell by 40,000 bags to 80,000

UTI Asset Management Co. Ltd.'s net profit for the quarter ended March is expected to decline due to fall in market share and low treasury income, according to brokerages tracking the company. Higher costs are also expected to eat into its profitability, brokerages said.
The asset management company is expected to post a net profit of INR 991.63 million for the quarter, down 20% on year, according to the average of estimates from eight brokerages. Sequentially, the company's net profit is likely to fall 57%. The asset manager will detail its financial results for the quarter and year ended M

Prices of chana are expected to remain range-bound, while prices of tur and urad could stay under pressure in the near term, the India Pulses and Grains Association said in its weekly report Monday. Chana prices could be range-bound amid low demand, ongoing arrivals and imports, and the government's procurement, the association said. Tur and urad prices are seen down due to slowdown in seasonal demand and ample availability, it said.
Chana prices are expected to remain range-bound in the near term amid low demand, ample supply, and the government's ongoing procurement, the association said.

India will upgrade its trade agreement with South Korea within a year, seeking to boost bilateral trade to $50 billion by 2030, Prime Minister Narendra Modi said Monday.
Addressing a joint press briefing with visiting South Korean President Lee Jae Myung, Modi said the two countries have taken “important decisions” to boost bilateral trade. “In order to ease financial flows, we have decided to form India Korea Financial Forum. To hike business cooperation, we have formed an industrial cooperation committee,” Modi said.

The Indian government is working to ensure the country gets preferential market access in the US under the Bilateral Trade Agreement, Commerce Minister Piyush Goyal said Monday. Both sides have almost finalised the trade agreement, Goyal said. "We are now just dotting the i's and crossing t's," Goyal told members of the press.
Goyal's comments come at a time when an Indian delegation led by India's chief negotiator Darpan Jain is in Washington to hold talks. The three-day talks end on Wednesday. This is the first meeting between officials from both sides since the US Supreme Court scrapped t

India and South Korea have agreed to review the free trade agreement, with New Delhi keen on rewriting some chapters of the pact, Commerce and Industry Minister Piyush Goyal said Monday. The two sides agreed to review the FTA during South Korean President Lee Jae Myung's visit to New Delhi.

The existing FTA, implemented in 2010, is not beneficial for India, Goyal said, adding that India's trade deficit with South Korea tripled after the FTA was signed. India is willing to renegotiate and rewrite chapters under the agreement, Goyal said.

UltraTech Cement Ltd. is likely to report healthy growth in its top line and bottom line for the March quarter, largely mirroring the overall trend in the cement sector during the quarter, according to analysts. The increase in the company's top line is expected to be driven by higher volumes owing to more construction activity despite cement demand tapering in March due to the West Asia crisis, and an improvement in realisations from blended cement, analysts said. The company's bottom line is likely to benefit from higher operating leverage.

The country's largest cement manufacturer is l

ICICI Lombard General Insurance Co. Ltd.’s net profit growth for the March quarter is expected to be the highest in three quarters, driven by robust premium income growth and lower underwriting losses, according to brokerages tracking the insurer.
ICICI Lombard, India’s second-largest general insurance company by market share, is expected to post a net profit of INR 6.39 billion for the March quarter, according to the average of estimates of four brokerages. This would be 25% higher on year and the steepest growth in three quarters. Sequentially, however, the net profit is seen slightly lowe

The International Monetary Fund has raised its forecast for India's GDP growth in the current financial year started Apr. 1 by 10 basis points to 6.5%, citing continued momentum from FY26 and lower US tariffs. The reduction in US tariffs on Indian goods to 10% from 50% will also outweigh the adverse impact of the war in West Asia, the IMF said in its April edition of the World Economic Outlook report.
The IMF also raised India's growth forecast for FY28 by 10 bps to 6.5%. The Indian economy grew 7.8% in the December quarter and is projected to grow 7.6% in FY26, according to the government's

Steady demand from the banking, financial services, and insurance vertical, sharp depreciation of the rupee against the dollar, and the absence of one-off costs related to new labour code provisions may help Wipro Ltd. report net profit growth for the March quarter, the first in 2025-26 (Apr-Mar). Similarly, the company's top line for the quarter is expected to grow at its fastest pace in over three years, thanks to the two-month revenue contribution from its recent acquisition of the digital transformation solutions business unit of HARMAN International. However, analysts are divided on how

The Reserve Bank of India Thursday released the final guidelines to facilitate quicker cross-border inward payments by banks. The guidelines will be effective in six months, the central bank said in a notification.
The speed of the cross-border payments is affected by several factors. One of the challenges with speed of payments is experienced at the beneficiary leg i.e., the time taken from receipt of the payment at the beneficiary bank till credit to the beneficiary account,” the RBI said. “Review of the extant process for inward cross-border payments indicated the need for streamlining th