Corporate investments in fixed assets remained robust during FY24, despite the hike in interest rates, backed by their cash flows. A Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased […]
IT services
The Street’s expectations of a significant revival in the revenues of information technology services companies have now been pushed to FY26. Consequently, the Nifty IT index has underperformed the Nifty 50 index so far in 2024. Sure, recent commentary from global IT giants Accenture and Cognizant suggest that demand has […]
Dedicated emerging market (EM) foreign investors, Wood noted, may no longer be ‘overweight’ on India given a combination of sustained outperformance and strong domestic inflows prompting a potential shift in foreign investor sentiment. However, Chris Wood continues to have a positive structural view on India’s domestic demand cycle. Another reason […]