India Consumer Earnings Key as Markets Hope for Demand Rebound
Efforts to shore up the Indian economy are under way as it gradually recovers after a consumption slowdown last year. The Reserve Bank of India has cut the key rate by a cumulative 100 basis points so far this cycle, with the governor in June declaring the battle against inflation had been won. The country's two largest private sector lenders HDFC Bank Ltd. and ICICI Bank Ltd. both beat profit estimates on Saturday.
India's new tax bill also exempts 11 million more people from income taxes, another move to boost consumption in Asia's third-largest economy.
On Thursday, Nestle India Ltd. should show improved volume growth led by a recovery in rural demand, with urban recovery yet to catch up. It's also expected to benefit from a cut to palm oil duty and fall in coffee prices, according to analysts from Nuvama Institutional Equities.
Tariff concerns will cloud Infosys Ltd.'s Wednesday update after rival Tata Consultancy Services Ltd. said many American clients were cautious about tech investments given ongoing economic uncertainty. Shares in Tata Consultancy Services, HCL Technologies Ltd. and Tech Mahindra Ltd. all fell after their earnings reports, with the latter two missing estimates.
Highlights to look out for:
Monday: Eternal's (ETERNAL IN) first-quarter profit is expected to halve on losses at its quick-commerce business Blinkit. The unit is investing in expanding its 'dark stores' network, where it services quick-commerce orders, and analysts will watch for updated guidance on when profits are expected. Strategic steer on its new 'Going Out' business will equally be in focus.
Tuesday: No major earnings.
Wednesday: Infosys (INFO IN) could lower or pull its revenue growth guidance as demand for new projects deteriorates amid worsening economic conditions, BI said. Watch for commentary on whether clients are canceling projects, especially in industries hit by US tariffs, Kotak Institutional Equities said.
Thursday: Nidec's (6594 JP) sales would likely be affected by uncertainties in the auto market, as demand for electronic parts and motors slow in Japan, according to BI. Founder Shigenobu Nagamori said the firm's appetite for takeovers remains intact, following its earlier decision to withdraw a $1.8 billion hostile bid for Makino Milling Machine Co.
Friday: No major earnings.
More stories like this are available on bloomberg.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Value Chain
12 minutes ago
- Fashion Value Chain
Cricketer Shreyas Iyer Unveils SoBo Mumbai Falcons Yoddhas Jersey and Flags Off 13 Player Contracts to Empower Emerging Talent
National cricket sensation Shreyas Iyer today unveiled the official jersey of SoBo Mumbai Falcons Yoddhas for Upcoming Pro Govinda League Season 3, marking not just the start of a new season but a bold leap in India's evolving sports landscape. At the heart of this initiative lies a bigger purpose – a deep commitment to nurturing talent, elevating traditional formats, and pushing the boundaries of Indian sport. Cricketer Shreyas Iyer unveils the SoBo Mumbai Falcons Yoddhas jersey with team owners Ameet H Gadhoke & Pratik Thakur, joined by Kshitij Thakur, Hitendra Thakur & dignitaries While the Mumbai Falcons have already made headlines by reaching the T20 Mumbai League finals, they are now expanding their legacy beyond the boundary ropes. Iyer, who recently led his team to the IPL final, presented the first player contract to members of the Mumbai Falcons' Club and Corporate team, as part of a first-of-its-kind official contract ceremony – a significant step toward professionalizing homegrown formats and recognizing untapped potential. 'I'm proud to be associated with the Mumbai Falcons. This isn't just about sport – it's about identity, teamwork, and creating pathways for those who give their all,' said Shreyas Iyer. 'Some of our richest traditions demand as much discipline and skill as mainstream sports, and it's time they get their due.' The launch included a limited reference to the upcoming indigenous league season, where the yoddhas will complete under their new colours. However the days larger highlight was the announcement of 13 official player contracts, set to be rolled out tomorrow – selected purely on merit and performance, cutting across team boundaries to support emerging athletes across the board. Mumbai Falcons' Vision: Building the Future of Indian Sport SoBo Mumbai Falcons are not just building a team they're shaping a movement. Beyond T20: A Continued Legacy The Mumbai Falcons are redefining regional franchise models by investing in long-term athlete development, infrastructure, and high-performance environments. Contracts with Purpose The upcoming 13 contracts will offer unprecedented growth opportunities, extending to deserving individuals across different sporting disciplines – all based on pure merit. Professionalism at its Core By introducing structured contracts, Mumbai Falcons are infusing BCCI-level professionalism into newer formats, and offering world-class infrastructure and career support that rivals international systems. Setting a National Benchmark With this approach, SoBo Mumbai Falcons are becoming a blueprint for regional sporting success from cricket to culturally rooted formats offering genuine growth paths for athletes. Mumbai Falcons Yoddhas Co-owner, Pratik Thakur said, 'Whether it's Racing, cricket or cultural formats, our aim is simple to build systems that recognise skill, promote discipline, and reward perseverance. Our youth need belief, support, and structure. Mumbai Falcons are here to provide all three.' The Mumbai Falcons' evolving role in India's sporting story goes beyond seasonal wins it reflects a long-term investment in the spirit of competition, community, and culture, extending all the way to the global stage through their international racing team competing in world motorsport championships.
Time of India
12 minutes ago
- Time of India
Banking charges: Govt banks earned this amount from online services; check details
FY Amount in ₹ Crores 1. 2020-21 365.03 2. 2021-22 466.57 3. 2022-23 485.28 4. 2023-24 512 5. 2024-25 510.05 Month Net sale (-) / purchase (+) of USD in USD Million* ₹ equivalent (₹ Crores) Sep-24 9,639 80,549 Oct-24 -9,275 -77,969 Nov-24 -20,228 -1,70,630 Dec-24 -15,150 -1,28,753 Jan-25 -11,139 -95,388 Feb-25 -1,621 -14,024 Mar-25 14,355 1,24,586 Apr-25 -1,660 -14,635 *Source: RBI Do you know that banks charge fees for all sorts of services they provide to customers, whether these services are accessed online or through their physical branches? The Ministry of Finance has confirmed that banks are allowed to levy reasonable service charges on various services they offer. In the past five years, state-owned banks in the country have generated more than Rs 2,300 crore in service charges by providing online services, the ministry disclosed in the Lok Sabha on a recent Lok Sabha session held on July 28, 2025, Members of Parliament Dr. T Sumathy Alias Thamizhachi Thangapandian and Thiru D M Kathir Anand posed critical questions regarding the revenue generated by banks from service charges and the Reserve Bank of India 's oversight of foreign exchange Wealth Online breaks down the government's official response to four key questions:Members of Parliament Dr. T Sumathy Alias Thamizhachi Thangapandian and Thiru D M Kathir Anand asked several questions on the earnings of banks through service government in Parliament replied: As per the Reserve Bank of India's (RBI) Master Circular on 'Customer Service in Banks,' the Board of respective banks are empowered to prescribe service charges on various services offered by them, subject to these charges being reasonable and not out of line with the average cost of providing these services. Further, banks have also been advised to display information relating to service charges on their respective websites and notice boards to enable customers to obtain such government in Parliament replied: The aggregate amount earned by the public sector banks (PSBs) through their online services (merchant transactions through debit cards & internet /mobile banking, government business transactions, forex transactions, fee payment, and payment services-IMPS/NEFT/RTGS) during the last five years is detailed as under:Further, the non-interest income earned by the PSBs through all services provided, including online mode and bank networks throughout the country, has increased with a compound annual growth rate (CAGR) of 9.15% during the last 5 years (FY 2019-20 to FY 2024-25).The government in Parliament replied: According to the RBI, the value of the Indian Rupee (INR) is market-determined, with no target or specific level or band. The RBI regularly monitors the foreign exchange market and intervenes in situations of excess volatility. Below are the RBI's foreign exchange market interventions in terms of USD and INR from September 2024 to April 2025:
NDTV
12 minutes ago
- NDTV
Who Is Shailesh Jejurikar, Next CEO Of Procter & Gamble
Indian-born executive Shailesh Jejurikar will take over as the Chief Executive Officer of American Fast-Moving Consumer Goods (FMCG) giant, Procter & Gamble, effective January 1, 2026. The 58-year-old, currently serving as Chief Operating Officer, will succeed Jon Moeller as President and CEO, the company announced. An alumnus of IIM Lucknow, Mr Jejurikar joins the elite league of Indian-origin leaders at the helm of global corporations. "Shailesh Jejurikar, currently Chief Operating Officer, will succeed Jon Moeller as Procter & Gamble's President and Chief Executive Officer, effective January 1, 2026. The Board has also nominated Jejurikar to stand for election as a Director at the annual shareholder meeting in October 2025," Procter & Gamble (P&G) said in a statement. Who Is Shailesh Jejurikar? Shailesh Jejurikar was born and raised in India, spending his early years in a rural area outside Mumbai. He completed his undergraduate studies in Bombay and went on to earn an MBA from the Indian Institute of Management (IIM) Lucknow, as per his Linkedin account. Mr Jejurikar joined Procter & Gamble in 1989 as an Assistant Brand Manager in India and steadily rose through the ranks with global stints across Africa, Asia, and North America. After roles in marketing and leadership across India, Kenya, and the US, he was promoted to General Manager in 2005 and became Vice President in 2008. By 2010, he was leading Home Care in North America. In 2014, he became President of Fabric Care, North America, and later took on global responsibilities. In 2019, he was named CEO of P&G's Global Fabric & Home Care - the company's largest business unit. Since 2021, he has served as Chief Operating Officer. Mr Jejurikar will become only the second non-US-born CEO of P&G since its founding in 1837, and among the few Indian-origin leaders heading a Fortune 500 company. The first was Netherlands-origin Durk Jager, who was appointed CEO in 1998. Shailesh Jejurikar serves as Chairman of the Cincinnati Center City Development Corp and is a Board Member at Otis Elevator Co, where he also chairs the Compensation Committee. He is also on the Board of The Christ Hospital. Previously, he was Vice Chairman of the American Cleaning Institute from 2014 to 2017 and served as a Trustee at Cincinnati Country Day School between 2012 and 2017.
