News Snapshot:
"You are listening to the Expresso Business Update. Here is the latest news from the world of Indian and International business brought to you by The Indian Express and The Financial Express. " "Midway into the second quarter of the Financial Year 22-23 reporting season, several companies are staring at earnings downgrades. While banks and information technology firms have posted good results, players in sectors like cement, consumer goods, metals, retail, real estate, infrastructure and oil marketing have struggled to meet estimates. Aggregate numbers so far are poor. For a sample of 638 companies, net profits are down 26% year-on-year...
