In the first half of this fiscal year, only Mahindra & Mahindra, Toyota Kirloskar Motor, and Kia India saw sales growth among India's passenger vehicle makers. Utility vehicles continued to drive demand, while sales of small cars, particularly from Maruti Suzuki, Hyundai, and Tata Motors, experienced declines.

Legacy companies are also recognising the need for a robust, centralised tech strategy and talent in a world where rapid evaluation of technology is disrupting and transforming businesses, say experts.

ET’s Himanshi Lohchab brings a snapshot of how India’s top family offices are increasingly betting on GenAI startups.

HCLTech's larger peer Tata Consultancy Services (TCS), India’s largest IT services company, added 5,726 employees during the second quarter of fiscal year 2025 - July to September period, continuing its net employee addition from the previous quarter.

In June, Nvidia briefly became the world's most valuable company. It was overtaken by Microsoft, and the tech trio's market capitalizations have been neck-and-neck for several months.

Seven companies formed from the old Ordnance Factory Board are now profitable three years after corporatisation. Previously, they had heavy losses. They now focus on research and development for Indian armed forces and export orders. Yantra India Limited and Armoured Vehicles Nigam Limited are among the top performers, posting substantial profits.

A Deloitte survey showed over 95% of respondents feel compelled to adopt GenAI to stay ahead in their industries.

Reliance Industries Ltd, led by Mukesh Ambani, reported a 5% decrease in consolidated net profit for Q2 FY25, standing at Rs 16,563 crore. Revenue from operations slightly increased by 0.2% YoY to Rs 2.35 lakh crore, while EBITDA fell by 2% and finance costs rose by 5%.

The Tata subsidiary missed market estimates for the July to September quarter net profit after reporting a 1.08% quarter-on-quarter (QoQ) decline at Rs 11,909 crore.

Bank margins may remain under pressure due to higher deposit costs. Loan growth trends will be monitored, especially in the unsecured retail segment. Analysts expect slower growth and higher credit costs for banks with more exposure to microfinance and unsecured loans. Earnings growth for private and PSU banks may vary between 4.1% and 17.2% year-on-year.

India's stocks are expected to see their worst quarterly earnings since the 2020 lockdowns. Analysts predict Nifty's earnings will grow only 2% in the September quarter. This slowdown is driven by demand issues. Sectors like BFSI, healthcare, and utilities may see some growth, while commodity sectors struggle.

JSA Advocates & Solicitors (JSA), in association with ETCFO, hosted a roundtable titled "Strategic Approaches to Late-Stage Funding and Exit Strategies." By combining expert case studies and peer insights, this session provided participating leaders with a deeper and more nuanced understanding of how to navigate the complexities of governance and compliance.

The Indian equity markets are facing a short-term pressure because of the moderating corporate earnings and the rising geopolitical tensions, highlighted a report by Motilal Oswal.

India Inc saw 551 deals worth $19 billion in the July-September period, clocking highest quarterly deal volumes in two years, a report showed on Monday.

Indian equity indices opened in the green on Monday following global cues from the US and Asian markets.

For Crisil, overall, there were 506 upgrades and 184 downgrades. The credit ratio increased to 2.75 times in the first half of this fiscal from 1.79 times in the second half of last fiscal. This highlights the sustained strengthening of India Inc's credit quality.

Lenders in India are seeing negative impacts from extreme weather conditions, such as heatwaves, floods, and expected harsh winters, on their loan portfolios, affecting collection efficiency and sales. Financial institutions stress the need for climate-specific solutions and structural reforms to mitigate these risks.

Leading credit ratings agencies on Tuesday highlighted the sustained strengthening of India Inc's credit quality, reflecting resilient domestic growth supported by the government's continued policy support.

The upgrades were backed by stronger profits, successful project completions, and lower input costs, despite a 160 bps rise in borrowing costs. Amongst all the sectors, Hospitality performed the best after rebounding from Covid while Textiles & Apparels and Chemicals & Petrochemicals experienced overall downgrades.

Promoters of around 180 companies have sold stock worth over ₹40,000 crore in the September quarter, capitalizing on the market rally. This trend is driven by high valuations and various strategic reasons. Prominent sales include those by InterGlobe Aviation, Ambuja Cements, and Patanjali Foods.