A sustained yuan devaluation could be a positive for India from inflation point of view, building a stronger case for interest rate cuts, says Saumil Shah, MD & Head (Equity Sales Trading), Bank of America Merrill Lynch.
IT was around two years back, in May 2013, after Bharat Heavy Electricals (BHEL) announced numbers for Q4FY13 that Citibank wrote a report headlined: More Questions than Answers.
India Inc is hard pressed for cash; collective cash flows from operations for a clutch of 56 top firms grew by just 3% last fiscal, the slowest growth in three years...
Employee costs grew at the most sluggish pace in six years last year, a time when India Inc reported its worst performance since the financial crisis of 2008...
India Inc produced its weakest report card in the last six years in FY15, with earnings seeing the steepest fall since the Lehman Brothers crisis and revenue growth at a decade low.
Since FY09, the Reliance Industries stock has lost 6% even as earnings per share expanded at about 6.8% CAGR. The Sensex has grown 10% CAGR in the same period. Other income, meanwhile, reported a CAGR of 27%.
On growing sales of e-commerce players, KM Birla said the impact on his business will be minimal since the brands, in each segments, are firmly entrenched.