Mumbai, May 8 (IANS) Hyundai Motor India LImited on Friday reported a 22.2 per cent year-on-year (YoY) decline in consolidated net profit for the fourth quarter (Q4) of FY26 at Rs 1,255.6 crore, compared to Rs 1,614.3 crore in the corresponding quarter previous year (Q4 FY25).The automaker’s revenue from operations, however, increased 5.4 per cent to Rs 18,916.15 crore during the January-March quarter, up from Rs 17,940.28 crore in the year-ago period, according to its stock exchange filing.Th…
Latest FY27 News & Updates
New Delhi, May 5 (IANS) The Indian auto retail industry opened FY27 on an exceptionally strong note, retailing a record 26,11,317 units in April — a 12.94 per cent growth, the Federation of Automobile Dealers Associations (FADA) data showed on Tuesday.Two-wheeler retails continued their robust momentum, reaching 19,16,258 units last month, the best-ever April for this category. The demand engine remained broad-based with urban markets growing 14.07 per cent (on-year) and rural markets growing …
New Delhi, May 1 (IANS) India’s automobile sector has kicked off FY27 on a robust note, led by a standout performance from Tata Motors, which edged ahead of Mahindra and Mahindra in the passenger vehicle segment for April 2026. Tata Motors reported a 31.1 per cent year-on-year (YoY) jump in passenger vehicle sales to 59,701 units during the month.Domestic sales accounted for the bulk of this growth, rising 30.5 per cent to nearly 59,000 units, while exports more than doubled, albeit on a lower…
New Delhi, April 29 (IANS) If the US-Iran conflict remains unresolved for a long duration, it can make the task of central banks arduous in their endeavour to rein in inflation expectations while minimising growth sacrifice, a new SBI Research report said on Wednesday.In uncertain times, a good central bank should be cautious about false precision, forceful against high-cost tail risks, systematic enough to preserve credibility, flexible enough to adapt, and transparent enough that uncertainty a…
New Delhi, April 25 (IANS) Headcount at India’s top IT firms declined by over 7,000 in FY26, which highlighted a sharp reversal in hiring trends as companies turned cautious on workforce expansion amid an increasing focus on Artificial Intelligence (AI) and changing demand in the industry.However, the combined headcount of major IT services providers — Tata Consultancy Services, Infosys, HCLTech, Wipro and Tech Mahindra — fell by 7,389 employees in FY26, compared to a net addition of 12,718 in…
New Delhi, April 16 (IANS) India’s external position showed resilience in March 2026 as the goods trade deficit fell to $21 billion due to a sharp fall in precious‑metal imports and a rebound in exports, a report said on Thursday.Meanwhile, a robust services sector surplus continued to offset the higher goods deficit, the report from Emkay Global Financial Services noted.India’s total imports fell about 6 per cent month‑on‑month to $59.6 billion, and total exports rose 6 per cent to $38.9 …
New Delhi, April 15 (IANS) India’s wholesale price inflation (WPI) saw a rise in March, driven largely by higher global energy prices amid geopolitical tensions in West Asia, according to economists on Wednesday.Rahul Agrawal, Senior Economist at ICRA, said that the uptick was broad-based, with crude petroleum and natural gas, along with fuel and power.”Notably, these two groups together accounted for 150 basis points of the 175 basis points uptick in the headline print in March 2026 relative …
New Delhi, April 13 (IANS) India’s IT services sector is showing early signs of recovery with improving growth visibility and strengthening fundamentals, a new report said on Monday.The data compiled by BNP Paribas highlighted that despite cautious investor sentiment, underlying indicators suggest a gradual rebound in demand and earnings momentum.The brokerage noted that near-term trends are turning more supportive, backed by rising hiring activity, steady management commentary, and continued …
New Delhi, April 8 (IANS) Remittances to India are likely to reach an all‑time high of $137–140 billion in FY26 before moderating to $135–137 billion in FY27, amid escalation in West Asia, a report said on Wednesday.Further, enabling true dematerialisation of Retail Direct holdings could boost interoperability and attract strong interest to debt markets from retail investors, the report from SBI Research said.Analysing the language of the central bank governor in the monetary policy meetin…
New Delhi, April 3 (IANS) The passenger vehicle industry in India is estimated to report wholesale volume growth of around 7-9 per cent in FY26, supported by strong festive demand, GST rate cuts and multiple new model launches, a report showed on Friday.The growth is expected to moderate to 4-6 per cent in FY2027, largely due to the high base and evolving macroeconomic conditions, according to credit rating agency ICRA.The report expects growth across India’s passenger vehicle (PV) and tractor…