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Beyond the Nifty slump: Sandeep Bagla on why largecap valuations are ripe for comeback in 2026
Sandeep Bagla of TRUST Mutual Fund sees corrected large-cap valuations as a prime entry point for 2026, especially in banking and IT. Their new Large & Mid Cap Fund aims to capture this shift, blending large-cap stability with mid-cap growth. Bagla highlights opportunities in financialization, premium consumption, infrastructure, defense, and tech innovation, anticipating steady economic growth driven by demographics.
Crude at $65, consumption boom, and the Rupee's new shield: Dinshaw Irani's big market calls
India's economic headwinds are easing, with falling crude oil prices and a stabilizing rupee poised to boost the market. Helios Mutual Fund CEO Dinshaw Irani anticipates oil prices dropping to around $65 per barrel, significantly benefiting India. He favors discretionary consumption, especially digital-first companies targeting younger generations, over FMCG. IT valuations are seen as a trap, while financial sector banks require careful observation.
No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv Puri
ITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted strong Indian economic fundamentals despite global uncertainties, with inflation and El Niño as key concerns. Puri emphasized sustained margin expansion in FMCG, aiming for 80-100 basis points annually, and sees significant growth potential in nutrition-focused offerings and exports.
ITC bulking up with products rich in protein and fibre: Sanjiv Puri
“India is also a protein-deficient market. We already have offerings such as high-protein atta, soya chunks and protein shakes, and we will continue to expand this portfolio,” said Puri, who added that he shed around six kilograms recently and now sticks largely to home-cooked meals, even carrying them on long-haul flights.
Reliance Jio Telecom Business: Ambanis bet on 5G, AI and broadband in five-point blueprint for Jio's next chapter
Reliance Jio remains India's telecom leader with aggressive 5G expansion, growing subscriber numbers, and new digital services featured prominently at the AGM. Reliance Jio announced five strategic growth commitments, including expanding 5G adoption and broadband access, as its subscriber base surpassed 524 million. The company is also venturing into satellite communications with a proposed LEO constellation and is preparing for a potential $4 billion IPO, solidifying its position as India's largest telecom operator.
Why the world is betting on China again, and what India must do about it
China's business environment prioritizes market share with strong government backing. The nation has shifted to high-quality, high-speed production. This ascent, driven by plans like 'Made in China', faces future challenges from debt and demographics. India can learn from China's execution while leveraging its own strengths. The time for India to act is now.
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The new man of steel! India seen filling the void China may leave
India Steel Industry Growth 2026: Global steel demand is shifting from China to India and Southeast Asia. India's steel consumption is low, offering significant growth potential. Unlike China's property-driven boom, India's demand will stem from infrastructure, manufacturing, and urban development. This growth will be more gradual, influenced by execution challenges and a focus on greener production.
How Brexit is estimated to have hit the UK economy
Britain's economy shows weak growth since leaving the European Union. Various researchers estimate significant losses in GDP, productivity, and investment. These impacts stem from increased business uncertainty and reduced trade. New trade deals are not expected to offset these effects. The long-term outlook points to a smaller economy compared to remaining in the EU.
India Inc. is profitable. So why isn’t it investing?
Indian companies are making record profits, but they are not investing in new factories or infrastructure. This is creating fewer jobs and increasing inequality. Unlike China, which invests heavily, Indian businesses are hesitant. This trend risks trapping India in scarcity. Leaders must decide on a path towards mass affluence now.
A330 neo planes could be very good option for Indian aviation market: Airbus exec
India's aviation sector is set for significant expansion. Airbus believes its A330 neo aircraft is a strong contender for Indian airlines. The company anticipates substantial growth in air travel within India over the next decade. Airbus is committed to supporting this growth with its aircraft deliveries and increasing local sourcing.
No runaway rally likely; markets to trade in broad range: Sameer Dalal
Equity markets face near-term unevenness due to global optimism tempered by domestic uncertainties like elevated crude prices and monsoon risks. Sameer Dalal of Natverlal & Sons Stockbrokers anticipates a rangebound Nifty between 23,000 and 24,500, advocating for a diversified portfolio tilted towards structural growth themes.
ET Alpha Wealth Summit Masterclass | India scores 6-7/10 on growth durability, but the real problem runs deeper, says Nomura's Aurodeep Nandi
India's strong GDP growth hides underlying fragilities. Economist Aurodeep Nandi warns that without boosting domestic demand and investing heavily in research and development, India risks falling into the middle-income trap. Current growth relies on top-tier consumption and services exports. Manufacturing and private investment lag. This structural shift is crucial for lasting prosperity.
No overcapacity in steel, textiles; India's consumption remains low: DGTR
India has rejected US claims of excess capacity in its textile and steel sectors. Officials state per capita consumption of these products is very low. India is a net importer of manmade fibres. Trade remedies are vital for fair practices and domestic manufacturing. Many trade defence probes are ongoing.
A new-age thirst for beverages is emerging as a key force in India's consumer goods market
Beverage industry in India: Indian companies are seeing strong growth in drinks like coffee, ready-to-drink options, and protein beverages. Gen Z consumers are driving this trend, seeking convenience and health. Companies are expanding their offerings to meet this demand. This shift presents significant opportunities for future expansion in the beverage market.
CRISIL's Dharmakirti Joshi gives India a 7 out of 10 on growth durability; says private capex has the money but not the will
India's economic growth remains strong and durable. Corporate India possesses robust financial health but lacks the confidence to invest. New-economy sectors are attracting private capital due to clear demand. Energy prices are the single most important indicator to monitor for the economy's future performance. This outlook suggests continued economic progress.
Midcaps in a sweet spot? Why Nippon India’s Rupesh Patel sees a valuation correction despite new index peaks
Nippon India Mutual Fund's Rupesh Patel remains constructive on midcaps despite concerns over valuations, citing resilient earnings growth and improved valuation comfort after a prolonged time correction. He favours financials, consumer discretionary and select industrials, while emphasising a bottom-up stock-picking approach to navigate geopolitical and macroeconomic uncertainties.
All Kwality Wall's items to be milk-based next year, says CEO Peter ter Kulve
Magnum Ice Cream is transforming its Kwality Wall's business in India. The company is moving from vegetable fat frozen desserts to dairy ice cream. This shift aims to meet Indian consumer demand for better quality and nutritious milk-based products. Magnum is also investing in factories, cold chain infrastructure, and adjusting prices.
Industrial Bong for the Buck: A blueprint for West Bengal’s evolution from an entrepot to a production hub
West Bengal’s hopes of an industrial revival face structural challenges despite strong manufacturing growth over the past decade. A NITI Aayog report showed the state’s share in India’s GDP fell from 6.8% in 1990-91 to 5.8% in 2021-22, while per-capita income remained below the national average. However, manufacturing growth between 2013-14 and 2022-23 outpaced the national average, driven largely by informal micro-enterprises rather than large formal industries.
From financial services to healthcare, enterprises driving AI adoption in India are all in Mumbai: TEAM
On the eve of Mumbai Tech Week, Sharad Sanghi of Neysa AI, Aakrit Vaish of Activate, and Naiyya Saggi of EDT spoke with ETtech editor Samidha Sharma about data centres, India’s AI investment gap, and building a startup ecosystem in the city.
India's out-of-pocket healthcare spending drops significantly, govt data shows
Indian families now pay less for healthcare. Out-of-pocket spending fell from 64.2% to 43.4% in ten years. This is due to the government spending more on public health. Government health expenditure as a share of GDP has also increased. Per capita spending on health has grown significantly. This shows a stronger health financing safety net for citizens.
India and the new economics of constraint
India is attempting to rise in a world shaped increasingly by AI, fractured supply chains, geopolitical rivalry, slowing globalisation, and mounting debt burdens.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength. These sectors are hitting new highs, driven by structural earnings visibility and long-term growth tailwinds, indicating a fundamental shift beyond mere defensive plays.
Traffic at Delhi Airport unaffected by Iran war, GMR bets on long-term aviation growth
Indira Gandhi International Airport anticipates strong future growth in Indian aviation. Operator GMR Airports remains bullish on the economy despite a short-term traffic dip from the Iran conflict. Infrastructure expansion is planned. New projects include an automated people mover system. Cargo expansion is also underway. Competition from Noida International Airport is expected to have minimal impact.
India needs to raise R&D spending to 2 pc of GDP by 2035 to boost manufacturing: Report
India's manufacturing growth is hampered by low R&D spending, currently at 0.6% of GDP, a report highlights. To boost its manufacturing share, India aims to increase R&D expenditure to 2% by 2035, requiring greater private sector involvement and stronger innovation ecosystems. This transition to innovation-driven manufacturing is crucial for long-term global competitiveness.
Challenging times for Indian auto even as long-term demand trends hold: Assocham's Nirmal Minda
India's automotive industry is facing the dual challenge of escalating costs and uncertainties in global trade. Yet, the future looks good with robust long-term demand and a significant pivot towards electric vehicles, says Assocham president Nirmal Minda.
If India wants faster growth, it must first solve its female labour force participation problem
India's female workforce participation lags behind peer nations. Boosting this rate could significantly increase GDP. Experts suggest focusing on job creation and improving employment quality. Labour law reforms and removing trade bottlenecks are crucial. Investing in health and education will also drive participation. These steps can foster economic growth and societal progress.
Dollar pressure, PM’s appeal may shift Indian tourists towards domestic travel: Atul Thakkar
Indian outbound travel may see a temporary slowdown due to rising currency pressures and recent government remarks, prompting travellers to reconsider overseas holidays. Experts anticipate behavioural shifts rather than regulatory action, with a potential pivot towards more affordable ASEAN destinations. AI is also poised to disrupt travel aggregators, shifting consumer behaviour towards direct bookings.
India's food delivery sector poised for double-digit growth as tier-2 adoption and frequency rise: Report
India's online food delivery market is set for rapid expansion. Growth will be fueled by more frequent orders and wider reach into Tier-2 cities. Average order values are also expected to climb. This sector is projected to reach nearly USD 27 billion by 2030. Organised players are gaining market share, indicating a strong future for delivery-led food services.
Maruti Suzuki lines up record capex of Rs 14k cr to add capacity
Maruti Suzuki plans a record Rs 14,000 crore capital expenditure for FY27. This investment will expand manufacturing capacity to meet rising demand, especially for small cars. The company is adding new production lines in Haryana and Gujarat. This expansion is crucial as existing facilities operate at full capacity with a significant backlog of orders.
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