The top line of prime information technology (IT) companies is expected to grow in the range of 5.6-9.3% quarter on quarter (qoq) in Q2-FY2009. The revenue growth would be primarily driven by the depreciation of the rupee against the US Dollar, which is likely to boost the top line growth by 4-4.5% on a sequential basis. In dollar terms, the revenues of these companies are expected to grow in the range of 1.5-5.2% on a sequential basis backed by a …

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Many of the top pharmaceutical companies are expected to report a healthy 23% increase in revenues for Q2-FY2009. It would mainly be driven by a steady growth in the domestic market, the new product launches in the regulated markets, a strong growth in the contract research and manufacturing services businesses and the consolidation of the acquisitions made in the previous year. With exports accounting for over 50% of the pharmaceutical industry’s revenues, the weaker rupee would also aid the top line …

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The condition of India’s macro-economy as well as banking sector remains weak with inflation hovering at 12% levels, the rupee weakening against the dollar, the fiscal deficit widening and persistent fears of an economic slowdown. All this translates into myriad concerns pertaining to the visibility of banks’ earnings growth. Further, the dislocation in global financial space has resulted in either the bankruptcy of the major players (Lehman Brothers Holdings) or voluntary/forcible sell-out of the others (Merrill Lynch, Wachovia, Washington Mutual).

Amidst …

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