Indian banks and consumer companies are expected to drive first-quarter earnings, boosted by accelerating economic activity, easing input costs and decade-low bad loans at lenders. Conglomerate Reliance Industries is expected to see operating profit rising in the June quarter, supported by strong performance in its oil-to-chemicals and digital services segments.
Banks, consumer companies to drive first-quarter earnings amid IT uncertainties in India
Indian banks and consumer companies are expected to drive first-quarter earnings, boosted by accelerating economic activity, easing input costs and decade-low bad loans at lenders. Conglomerate Reliance Industries is expected to see operating profit rising in the June quarter, supported by strong performance in its oil-to-chemicals and digital services segments.