Ankishinde

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

Ratings agency ICRA Friday changed its outlook for the Indian aviation industry to negative from stable following the disruptions caused by the military conflict in West Asia. The conflict, which broke out when the US and Israel attacked Iran on Feb. 28, has also led to a sharp depreciation of the rupee against the dollar alongside a hardening of aviation turbine fuel prices, ICRA said in a release. In all, the agency expects earnings pressure on airlines to rise "significantly".
Movement in yields of airlines will be monitored closely by the rating agency as it is linked with jet fuel price

The Lok Sabha passed the Finance Bill 2026 on Wednesday. Following this, the Rajya Sabha will discuss and return the money bill, which includes amendments to effect tax changes announced in the Budget for 2026–27 (Apr-Mar).
The provisions in the Finance Bill aim to improve liquidity as well as lower compliance burden for taxpayers, Finance Minister Nirmala Sitharaman said in the Lower House while replying to the discussion on the bill. The government aims to improve ease of living through the proposed amendments to the bill, Sitharaman added.

India's gold market is undergoing a transformation as elevated prices and global uncertainty drive a the sharp shift from jewellery consumption to investment demand, according to a joint report released Wednesday by the Associated Chambers of Commerce and Industry of India and ICRA Ltd.
Global gold jewellery consumption declined 15% in 2024-25 (Apr-Mar) and fell a further 17% year-on-year in the first half of FY26, while investment demand for bars, coins, and ETFs surged 74% in FY25 and another 60% in the first half of FY26, the report said.
India, however, retained its position as the worl

India's growth is likely to see a significant slowdown in the March quarter compared to a quarter ago, dragged down by weak private sector activity, Pantheon Macroeconomics said in a report Wednesday. The long-term outlook for India, however, remains "unfazed", the UK-based economic research firm said.
GDP growth in the March quarter may fall to 6.1% from 7.8% in the December quarter, based on the Purchasing Managers' Index reports, economists at Pantheon said. The government's second advance estimate projects GDP growth in the current financial year ending Mar. 31 at 7.6%, which implies tha

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

Tata Consultancy Services Ltd. has entered the financial year 2026-27 (Apr-Mar) with confidence, where it comes to order flow and traction in services, the management of the information technology services major said in a post-earnings conference call with analysts Thursday.
We've a good orderbook getting into FY27...Our new-age services are also gaining traction. So, overall we're getting into the next year (FY27) with a lot of positivity and confidence," Chief Executive Officer and Managing Director K. Krithivasan said. He said the company is also positive on growth in its international bu

The Organisation for Economic Co-operation and Development sees slower growth and sharply higher inflation in India because of the surge in energy prices driven by the US-Israel war on Iran. The OECD, in its interim economic outlook, said the Reserve Bank of India will have to temporarily raise interest rates in the June quarter to tackle inflationary pressures.
The OECD lowered its forecast for India’s GDP growth in the financial year starting Apr. 1 by 10 basis points to 6.1% and retained the growth forecast for FY28 at 6.4%. The Indian economy expanded 7.8% in the December quarter, based

The government has cut the excise duty on petrol and diesel by INR 10 per litre, the finance ministry said in a notification published Friday. It has also levied an export duty of INR 21.50 per litre on diesel and INR 29.50 per litre on aviation turbine fuel.
The excise duty on petrol has been cut to INR 3 per litre from INR 13 per litre. The duty on diesel has been lowered to zero from INR 10 per litre. The move comes at a time when the price of Brent Crude has jumped 47% to over $100 per barrel in the aftermath of the US and Israel launching a joint attack on Iran on Feb 28.
The excise du

The Bharatiya Janata Party wrested West Bengal from Mamata Banerjee’s All India Trinamool Congress while retaining Assam by a wide margin as the results of the assembly elections held in four states and one Union territory in three phases on Apr. 9, Apr. 23 and Wednesday poured in Monday. While the victory of the Indian National Congress-led United Democratic Front in Kerala did not come as a surprise, in neighbouring Tamil Nadu, the newbie Tamilaga Vettri Kazhagam led by actor-turned-politician Vijay Joseph Chandrasekhar thumbed its nose at a majority of exit polls and political pundits and

The Securities and Exchange Board of India on Monday approved the change in control of RBL Bank with regard to the ongoing acquisition of "certain" shareholding by Emirates NBD Bank in the Indian lender, RBL Bank said in an exchange filing. The Dubai-based lender has proposed to buy up to 60% stake in the Indian private-sector bank, and the Competition Commission of India has already approved it on Jan. 20.

The proposal comprises a mandatory open offer under SEBI's norms, representing up to 26% of the expanded voting capital of the bank. This would be followed by a preferential allotment o

After incidents of lawyers using artificial intelligence tools to draft their petitions, cases of judges using the technology to draft judgments are coming to light. The Delhi High Court has prima facie found that a district judge in Saket used AI tools to draft orders. "The manner of drafting and the manner in which the text distinguishing the case laws is set out in the impugned judgement, prima facie, gives an impression that there is some AI (artificial intelligence) software which may have been used for the same," said a bench of Justice Prathiba M. Singh and Justice Madhu Jain.
However

The real estate major saw limited impact on demand due to the war in West Asia, which began on Feb. 28. "I would say around March last two weeks, we did see some amount of impact... you (the company) could have probably done an INR 1,000-odd crores (INR 10 billion) more (in revenues) and would have loved to even actually deliver 20% growth last year. That was a sort of an internal target," an official said. Given that the war is still ongoing, the company is cautiously optimistic on demand sentiment.

The government has procured 3.66 million tonnes wheat as of mid-April in the 2026-27 rabi marketing season, 48% lower from the previous year due to delayed harvesting and concerns over crop quality across key northern states. Procurement had been negligible at the start of April at 24,000 tonnes, down over 60% on year, according to Food Corp. of India data accessed by Informist.
To improve procurement, the Centre has accepted requests from states and relaxed quality specifications in Rajasthan and Haryana, and will soon ease them in Punjab as well, a government official said, adding that thi

Wipro Ltd.'s clients in the energy, manufacturing, and resources segment have not dramatically changed their strategies due to the military conflict in West Asia, the company's management told analysts in a post-earnings conference call late Thursday. While some manufacturing clients are looking for ways to secure supply chains, others are keeping a close watch on the input costs and are trying to tighten their budgets in view of the ongoing war. think some of the clients are waiting and watching...they're not dramatically changing their strategy. For example, what they're trying to do, espec