India firms disappoint with 6% earnings fall

Mumbai

EARNINGS of India's largest companies fell more than expected in the latest quarter, adding to scepticism over a stock market rally that started in early 2014 and official figures showing the country's economic growth outpaced China's.

The combined net income of 100 firms with a market valuation of more than US$100 million dropped 6 per cent in the three months ended December from a year earlier.