Top Financial Highlights: Retail Inflation Hits 61⁄2-Year Low, HCL Tech’s Margin Guidance Revised, Yannik Sinner’s Wimbledon Triumph, and More
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India’s Inflation Trends
In June, India witnessed a significant easing in its Consumer Price Index (CPI)-based inflation, dropping to a mere 2.10%, marking the lowest year-on-year reading since January 2019. This decline, compared to May’s 0.99%, was predominantly driven by a notable decrease in vegetable and pulse prices. Experts project that inflation is likely to remain below 2% in July and stay under 3% for the majority of 2025, indicating a prolonged period of subdued price pressures.
HCL Tech’s Margin Revision
HCL Technologies, a prominent player in the IT sector, revised its EBIT margin guidance for FY26, adjusting it to 17-18% from the previous range of 18-19%. This adjustment reflects the margin challenges encountered during the quarter, highlighting the evolving landscape of the technology industry and the firm’s strategic responses to market dynamics.
VIP Industries Stake Sale
VIP Industries’ promoters have announced plans to divest a 32% stake to Multiples Private Equity and Mithun Sacheti. This strategic move signifies a significant shift in ownership structure, potentially paving the way for enhanced growth opportunities and operational synergies within the company’s leadership and strategic direction.
