A DEEPENING slowdown in corporate earnings is fuelling fresh concern over India’s US$4.1 trillion stock market, and threatening to undermine Prime Minister Narendra Modi’s latest efforts to revive growth.
Citigroup Inc and HSBC Holdings Plc are among banks that have cut profit forecasts as the latest earnings from some of India’s top firms, including Adani Enterprises Ltd and Tata Motors Ltd, trailed estimates.
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