Category: Breaking Corporate India Earnings News

The lethargic and potentially the most corrupt Government in Indian history has finally woken up to the needs of Indian Economy. Feelers from the Joint Secretaries in the ministries of coal, mines, power, and also a member of the Planning Commission is that Government is moving towards the reforms process.

Coal Sector:
Domestic coal availability is an issue of paramount importance and (more…)

Indian market failed to build upon the June recovery and ended the month of July down -3.4%. The main factors contributing to the downfall are European Sovereign debt crisis, US debt ceiling deadlock and dampened appetite for risky assets. This coupled with a muted Q1FY12 results season held back Indian equities.

Domestic Factors – RBI the Bollywood Police – In Action but too Late – by raising policy rates by 50bps to 8% vs. expectations of (more…)

TCS posted revenue of US$2,412mn, up 7.5% qoq, majorly led by volume growth. 7.5%QQ up-tick in volumes was the key driver of TCS’ 7.5%QQ growth in $-revenues. The key surprise was the strong growth in telecom vertical (+14.3%QQ) c.f. declines seen at Infosys and also the fact that none of TCS’ clients were postponing outsourcing decisions makes (more…)

HDFC announced its quarterly results and it is a script written by Mr. deepak Parekh a deade ago and it continues to be played in the same style. 20% Growth rate 🙂 I have been observing this stock for the past 15 years when I first bought it and despite Gloom or Boom, it maintains its own growth trajectory delivering consistent returns like Gold. [HDFC Outperforms Returns Delivered by the Yellow Metal] Low NPA, Strong Management, High Dividends, etc makes it enjoy higher discounting than the rest in the crowd.

HDFC reported 1Q12 net profit of Rs8.45bn up 22% y/y inline. Adjusted loan book growth (sale of loans) was robust at ~25% y/y (more…)

The Rampant Corruption Wave that rocked the Weakest Government of Free India brought the award of Road Contracts to stand still as former Minister Kamal Nath did nothing to stop the Hooligans. Dr. Singh, took some step and brought in Dr. C P Joshi as the Minister of Surface Transport to check Corruption. Mr. Joshi took a step to introduce point based qualification so that Large Infrastructure Companies with Fantastic Track Record like Punj LLoyd, IL&FS Transportation Network etc don’t get dis-qualified by Corrupt Bureaucrats.

NHAI has informed us that it is gearing up to step-up (more…)

Reliance Industries Ltd has submitted to DGH that the gas production from KG-D6 may fall to 47mmscmd in FY13. Further the five new wells proposed to be drilled up to FY13 can’t be brought to production until mid 2014.

This is in reply to earlier comments by DGH that the gas production from KGD6 would rise to 67mmscmd in April 2011. RIL is attributing (more…)