Yet, sectors tied to capital goods and infrastructure such as steel and cement are recovering. Commercial vehicle sales are growing at a double-digit pace on the back of a replacement demand.Put alongside the 6.Though GDP growth figures make India one of the world’s fastest growing economies, weak private investment and low capacity utilisation rates have painted a less rosy picture.
This is Indian firms’ best showing since the April-June China Wholesale Special fastener quarter in 2014. The cement and power sectors have also seen demand improve.Sadly, corporate balance sheets remain stretched, making it hard to revive private investment, which has lagged for the past four years.3 per cent.5 per cent year-on-year in the March quarter, compared with 1.On Tuesday, India will release gross domestic product data for the January-March quarter.8 per cent decline in earnings that data provider Factset reckons companies in the S&P 500 suffered during the same quarter, India’s corporates have some things going in their favour.While factories are running nearly 30 per cent below capacity, sales are increasing.India’s National Stock Exchange share index has surged around 17 per cent from a near two-year low on February 29, outperforming a seven per cent gain by the Asia-Pacific MSCI index excluding Japan.Indian companies are posting their best earnings results since Prime Minister Narendra Modi swept to power two years ago, giving the clearest sign yet that India’s fast, but patchy, economic growth is beco-ming more broad-based.
After five quarters of double-digit declines, operating profit in the materials sector rose 22 per cent in the March quarter.Going by India Inc’s surge in profit growth in the first three months of the year, however, the outlook really does seem to be brightening, as benefits feed through from lower interest rates and government spending in infra and defence."Macro indicators are suggesting that at the ground level the economy is gaining momentum," said Dhiraj Sachdev, a fund manager at HSBC Asset Management"That has also been validated in terms of better corporate earnings in many of the sectors.5 percent is forecast by a Reuters survey economists, slightly faster than the previous quarter’s 7.7 per cent growth in the previous quarter, according to Thomson Reuters data."Operating profits for 289 companies that have reported results so far leapt 25. Year-on-year growth of 7.
Shinzo Abe has pushed the resumption of nuclear power as a vital part of the country's energy policy. 4 reactor at the Takahama plant, 380 kilometres (236 miles) west of Tokyo, the Osaka-based company said on its website.Despite official assurances, many Japanese remain wary and thousands of former residents have refused to return to areas hit by the Fukushima meltdown over fears of radiation exposure.8 gallons) of cooling water containing radioactive substances leaked out from the reactor.Two reactors in the southern prefecture of Kagoshima, operated by Kyushu Electric Power, restarted in August and October of last year, ending the two-year hiatus in nuclear power generation.The region's Fukui District Court in December overturned an injunction preventing a restart of the two reactors, which had been won by residents, who argued it was not proven to be safe despite a green light from the national Nuclear Regulation Authority.
The government of Prime Minister Shinzo Abe and utility companies have been pushing to get reactors back in operation nearly five years after a huge earthquake and tsunami caused a disastrous meltdown at the Fukushima nuclear power plant in northeastern Japan.Earlier this month, the operator was forced to suspend part of the preparation process after some 34 litres (8.Last month, another reactor at Kansai Electric Power's Takahama plant was switched on, amid stiff opposition from local residents. Tokyo: A Japanese utility today said it started up a nuclear reactor, the fourth to come back online following a nationwide shutdown after the March 2011 tsunami disaster.The accident forced all of Japan's dozens of reactors offline for about two years in the face of public worries over the safety of nuclear technology and fears about radiation exposureBut Abe, who came to power nearly two years after the 2011 disaster, has China Special fastener Suppliers pushed the resumption of nuclear power as a vital part of the country's energy policy.Kansai Electric Power resumed operations of its No."But we resumed resumption work as we concluded that a bolt had not been tightened properly," a company spokesman said.
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