
India's corporate sector is facing significant challenges, with the latest reports indicating that profits have shrunk by 3.1%, marking the worst quarter since the COVID-19 pandemic. Analysts have noted that the Nifty 50 index's profit growth has slowed to just 4% year-on-year, the lowest rate since the pandemic began. This decline is attributed in part to struggles within the oil marketing companies, which are dragging down overall performance. Additionally, companies like Boeing are experiencing delivery issues that have negatively impacted Indian airlines, including Akasa Air and Air India. Boeing's inability to fulfill global airplane delivery orders has left these airlines in a difficult position, highlighting the broader implications of supply chain disruptions in the aerospace sector. Meanwhile, Polycab is reportedly closing the revenue gap with industry leader Havells, with a difference of Rs 500 crore, indicating a potential shift in market dynamics.









#ICYMI Our lead story today on Polycab using its strength to go up against Havells. In story #2, read about why Nifty50's profit growth has been at its lowest since the pandemic. https://t.co/cyY1nh4aYs https://t.co/cgi4lfXhfT
The Nifty 50 has seen its lowest profit numbers since the COVID pandemic. At a 4% Y-o-Y growth for the top 50 companies in India, oil marketing cos seem to be the culprit for dragging the index down. @dishaacharya_ writes: https://t.co/tKcWOUPjRT
Polycab seems to have mastered the less is more formula, which will see it overtake industry giant Havells sooner than later. @itmeansjustice explains Polycab’s journey upwards: https://t.co/CZyNy4Y7oD