The trend of steady improvement in corporate earnings growth seems to be losing steam, with the combined net profit of India’s top 50 companies, which are part of the NSE Nifty50 index, estimated to grow by 10.9 per cent year-on-year (YoY) during the January-March 2018 quarter, down from the 11.5 per cent YoY growth clocked in the third quarter and 40.5 per cent growth during the year-ago quarter. Read more Govt borrowing likely to be lower in second half of FY19 than in the first
The Government of India’s (GoI’s) market borrowing in the second half (H2) of 2018-19, against expectations, might be lower than the Rs 2.9 trillion it plans to raise till the end of September.
It is meant to keep the yields on government debt paper low, which should please their buyers like banks and other financial institutions (higher yields happen when there is a greater supply of such paper). Read more Centre may ease expression of interest deadline for 76% stake in Air India
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