16: Dec quarter earnings unlikely to show any signs of green shoots

<p>An earnings recovery may continue to elude Indian companies in the December quarter due to weak sales growth, muted demand and, tight liquidity. However, cost control measures are expected to lead to an uptick in margins, while profits could be held up by the corporate tax cuts announced in September, says Rahul Singh, chief investment officer-equities at Tata AMC in an interview to Mint.</p>