October 28, 2024: Indian media reports — 'India has entered a phase of cyclical growth slowdown'

Indian media report: On October 28, Japanese brokerage Nomura Securities stated that the Indian economy has entered a 'phase of cyclical growth slowdown,' and the Reserve Bank of India’s GDP growth forecast of 7.2% is 'overly optimistic.' The brokerage noted that its own GDP growth forecasts—6.7% for FY 2024–25 and 6.8% for FY 2026—face 'rising downside risks.' In a report, the brokerage stated: 'We believe the Indian economy has entered a phase of cyclical growth slowdown. Coincident and leading growth indicators suggest further deceleration in GDP growth, and the Reserve Bank of India’s 7.2% forecast for FY 2025 is overly optimistic.' Earlier this month, the Reserve Bank of India maintained its FY 2025 growth forecast at 7.2%, despite some observers publishing lower growth estimates. Nomura Securities noted a recent weakening in urban consumption indicators in India, citing declining passenger vehicle sales, slowing air passenger traffic, and fast-moving consumer goods (FMCG) companies reporting soft urban demand. The brokerage added: 'We believe weak urban demand may persist.' Nomura also stated that Indian companies are cutting payroll expenses, noting that, based on data disclosed so far, real (inflation-adjusted) wage expenditures by listed companies declined by 0.8% in the quarter ended September.

Thanks to AI’s 'astonishing' impact, Palantir’s revenue surges 48% beyond expectations; company raises full-year guidance for the second time | Caibao Insight

Recent earnings results show that artificial intelligence (AI) technology applications have propelled Palantir—long considered a star stock—to strong performance across both defense and civilian sectors, driving revenue growth that significantly exceeded expectations and prompting the company to raise its full-year guidance for the second time. Following the earnings release, Palantir’s stock—already up over 4% during regular trading—rose further after hours, with after-hours gains briefly exceeding 5%. Prior to the earnings announcement, Palantir’s share price had surged more than 500% over the past year, reflecting investors’ heightened expectations for AI tools and growing adoption of such technologies by both government agencies and private-sector enterprises. On Monday, August 4 (U.S. Eastern Time), after the U.S. market closed, Palantir released its financial results for the second quarter ended June 30, along with guidance for the third quarter and full fiscal year. 1) Key financial metrics: Revenue: $1.004 billion in Q2, up 48% year-on-year, surpassing analysts’ consensus estimate of $939.3 million; Q1 growth was 39% year-on-year. EPS: Adjusted earnings per share (EPS) of $0.16 in Q2, up 77.8% year-on-year, beating analysts’ expectation of $0.11; Q1 EPS growth was 62.5% year-on-year.

Indian consumer firm Marico sees double-digit revenue growth in second quarter

1 day ago

Indian consumer goods maker Marico forecasts double-digit second-quarter revenue growth driven by premium product demand and lower copra costs. Its India business saw double-digit volume growth while international markets expanded across Vietnam and the Middle East.

reuters

2026-07-02

India's Marico sees first-quarter revenue growth in low-20% range on broad-based demand

2026-10-04

Indian consumer firm Marico sees double-digit revenue growth in second quarter

Indian consumer firm Marico sees double-digit revenue growth in second quarter

FAQ