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2 weeks ago | 
livemint.com | Harsha Jethmalani
Emerging market economies are now exposed to external risks such as subdued export demand and currency volatility weighing on their economic growth prospects.
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1 month ago | 
livemint.com | Pallavi Pengonda |Harsha Jethmalani
On Monday, after market hours, the private sector lender informed the stock exchanges about discrepancies in its derivatives portfolio pertaining to transactions done in the past five to seven fiscal years (FY24 and earlier). Investors dragged the stock down more than 25% on Tuesday. “A negative derivatives’ disclosure has the potential to unnerve investors more than a back-dated NPL disclosure," wrote analysts from Nuvama Research in a 10 March report.
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2 months ago | 
livemint.com | Harsha Jethmalani |Pallavi Pengonda
In the process, the government forgoes revenue of around ₹1 trillion in direct taxes. Sure, the move is a game-changer and is expected to offer the much-needed stimulus to demand, helping consumer companies that are finding it tough to boost sales amid moderating urban demand and a slow rural recovery. But a rising tide may not lift all boats. According to ICICI Securities Ltd’s analysts, discretionary companies will benefit more than staples.
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Jan 17, 2025 | 
livemint.com | Harsha Jethmalani
Markets Summary While Infosys reported a revenue growth in a weak quarter, concerns linger over increasing pass-through revenues as it may pose headwinds to growth in FY26 This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. Infosys Ltd investors are edgy and hardly impressed by the positives of its December quarter (Q3FY25) results.
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Jan 16, 2025 | 
livemint.com | Harsha Jethmalani
Markets Summary L&T Technology Services has surprised investors with significant deal wins and margin expansion in Q3FY25. But its shares have declined 4.35% in FY25 so far, lagging the Nifty IT index’s returns. Here's why This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. Midcap IT firm L&T Technology Services Ltd (LTTS) surprised the Street with solid deal wins and margin expansion in the December quarter (Q3FY25).
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Jan 15, 2025 | 
livemint.com | Harsha Jethmalani
Markets Summary Muted consumption, weaker margins, and a depreciating rupee are eroding India’s earnings growth advantage. With global uncertainties adding to the pressure, corporate profitability faces mounting challenges. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. For India Inc., the first half of FY25 (H1FY25) presented significant challenges, as earnings growth momentum faced a combination of unfavourable factors.
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Jan 14, 2025 | 
livemint.com | Harsha Jethmalani
Sequential constant-currency (CC) revenue growth of 3.8% was below the consensus estimate of 4.2%, dragged down by weaker-than-anticipated performance of the software business owing to delays in deal closures and renewals. On the other hand, the services business growth fared better despite furloughs and seasonality. This swift fall in the stock price indicates that Street’s expectations were elevated to begin with.
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Jan 13, 2025 | 
livemint.com | Harsha Jethmalani
Summary While realizations of companies focusing on the north may improve to some extent even in Q4, a meaningful year-on-year jump is unlikely This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. After a lull, trade cement prices at an all India-level are gradually climbing in the recent months. But the recovery in prices is not broad-based.
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Jan 10, 2025 | 
livemint.com | Harsha Jethmalani
Markets Summary Early signs of demand recovery and robust deal wins are sentiment boosters for TCS, but the tapering BSNL project poses a significant growth headwind for FY26. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. Tata Consultancy Services Ltd (TCS) delivered what the Street had been eagerly awaiting—an optimistic demand outlook.
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Jan 9, 2025 | 
livemint.com | Harsha Jethmalani
With approval-related challenges slowly receding, sequential improvement in pre-sales or bookings is likely for most listed companies in Q3FY25. However, a high base coupled with muted launches would mar year-on-year bookings growth for those largely dependent on new projects. Recall that seasonality and delayed approvals led to muted launches, hampering the sector’s pre-sales momentum in the half-year ending September (H1FY25).
