2d ago
India Inc's FY27 profit growth estimates drop 700 bps since February
Consensus estimates for India Inc's FY27 profit growth have been cut sharply as the Iran conflict drives up input costs and a weaker rupee adds to the strain, according to a report from Axis Securities. Aggregate earnings growth for September is now put at -16.9%, down from 2% in February. Consumer staples were trimmed to -3.8% from 9.8%, while real estate was upgraded to 28.1% on sustained demand for premium housing. Higher energy, freight and imported component costs were the main drag.
2d ago
2d ago
Chip selloff deepens Wall Street losses as doubts grew over AI returns
A significant selloff in semiconductor stocks affected major US indexes amid rising concerns regarding AI investment returns. The Nasdaq 100 dropped by 1.8%, continuing its longest losing streak since 2008. Market participants are questioning if AI infrastructure investments will yield profitable returns despite strong demand for chips. Federal Reserve Chairman Kevin Warsh maintained a neutral stance on interest rates during discussions at the IMF meetings.
2d ago