India could be poised for stronger market performance in the second half of the year as earnings growth improves and gross domestic product (GDP) momentum remains resilient, according to Hartmut Issel, Head APAC Equities, Global Wealth Management & CIO at UBS. He believes recent GDP downgrades have set a lower bar, while earnings are expected…
Investors should wait for better entry points in metal stocks as steel prices enter a seasonally weak phase during the monsoon, according to Aditya Welekar, Senior Research Analyst – Metals at Axis Securities. While the brokerage remains constructive on the sector over the long term, it expects a short-term correction that could provide better buying…
Shares of Honasa Consumer Ltd. gained on Thursday, July 9, after the company reported its provisional business update for the first quarter. The company said it opened the financial year 2027 on a solid footing and it is expected to deliver a strong performance in the first quarter. Its business is expected to deliver growth…
HDFC Bank‘s FY26 annual report has offered a detailed look at what the leadership of India’s largest private lender took home during the year, disclosing the remuneration of Managing Director & CEO Sashidhar Jagdishan, executive directors and non-executive Board members through salaries, allowances, performance bonuses, retirement benefits, stock options and sitting fees. CEO Sashidhar Jagdishan…
Shares of Eternal Ltd. gained more than 3% on Thursday, July 9, amid expectations that the stock could see a higher weight in the MSCI Standard Index following an increase in foreign ownership headroom. At the end of the June quarter (Q1FY27), foreign ownership headroom in Eternal had risen to over 25%, paving the way…
HDFC Bank‘s FY26 Annual Report has disclosed the remuneration paid to former Part-time Chairman and Independent Director Atanu Chakraborty during the financial year, while also detailing the Board’s response to his resignation and carrying messages from Managing Director & CEO Sashidhar Jagdishan and Interim Chairman Keki Mistry on the episode. According to the annual report,…
HDFC Bank has outlined an expanded technology-led growth strategy centred on artificial intelligence, digital banking and wealth management, while seeking shareholder approval to raise up to ₹60,000 crore to support future credit growth, according to its Integrated Annual Report for FY2025-26. The private sector lender said it has launched Neev, its in-house enterprise Generative Artificial…
Avenue Supermarts Ltd, the entity that operates DMart retail chain, has reported a steady financial performance for the first quarter of FY27. The report shows that both profit and revenue registered double-digit growth despite underwhelming consumer spending in some markets. The company posted a net profit of Rs 935.7 crore for the quarter ended June…
Dmart, the retail giant’s parent company, Avenue Supermarts Limited, reported a year-on-year increase in profit and top-line numbers, while improving its margins slightly. The retailer’s net profit for Q1 came in at ₹860.6 crore, 11.3% higher than the profit figures of Q1 of FY26, when the company recorded a profit of ₹773 crore. The company’s…
HDFC Bank has reaffirmed its commitment to the highest standards of corporate governance, stating that an independent legal review found no evidence to substantiate the concerns raised by former Chairman Atanu Chakraborty in his resignation letter earlier this year. The details were disclosed in the bank’s FY26 Annual Report released on Saturday, with both Managing…
