Estimates News

RIL will announce its September quarter results on Friday. It is expected that RIL's refining to offset weakness in petrochemicals and a lower tax rate benefit for the retail and telecom businesses. Mint's Nasrin Sultana takes through analysts estimates for Q2.

One-year forward consensus Bloomberg EPS estimates for the Nifty50 index jumped to ₹688 following the tax cuts after having hovered at ₹640 in the recent monthsA number of brokerages have revised their earnings per share (EPS) estimates, anticipating a turnaround in corporate confidence

The government's market borrowings have touched ₹2.54 trillion, as of June 2019The budgeted market borrowing is ₹4.48 trillion for the fiscal

Citi is the first of the major US banks to report fourth-quarter results. Wall Street majors JPMorgan Chase Co, Bank of America Corp and Goldman Sachs will report later this week.

TCS reported third-quarter earnings before interest and taxes (EBIT) margin of 25.6% of its revenue, about 100 basis points lower than Street estimates

The Central Statistics Office (CSO) has projected India's GDP growth rate at 7.2% in 2018-19, implying that the Indian economy will grow at 6.8% in the October-March period after posting 7.6% growth rate in April -September

The earnings season so far has been a mixed bag, but management commentaries indicate that rural consumption will continue to outpace urban consumption, say analysts

Several initiatives are progressively putting the database of the economy on a much firmer footing than in the past. The results should begin to show by the end of this year

JSW Energy may as well be scripting the next leg of growth opportunities, the sudden thrust on capex and uncertainty about future benefits are causing worry

An analysis of GDP data revisions by a team of economists from RBI shows a general bias towards upward revisions in growth rates relative to first advance estimates releases