While the overall outlook for corporate India is promising, short-term volatility cannot be ruled out, given general elections are coming up. Synopsis For the sample of 3,381 companies, revenue grew 8.2% Y-o-Y in the quarter compared with a 17.3% rise in the year-ago period. Net profit rose 25% on a lower base of 2.2% growth … Read more
In the past six months, the Nifty 50 index has fallen close to 9% while the ET Cement index – which includes all key listed entities – has fallen close to 24%. Synopsis According to some estimates, prices of pet coke and Indonesian coal have shot up 55% to 80% in the past five months. … Read more
The price of everything that goes into producing crops is surging, threatening to further fan global food inflation. Food production costs were already high. The pandemic snarled supply chains, making it more difficult — and expensive — to get parts and supplies that are vital for growing crops. Then Russia’s invasion of Ukraine took things … Read more
MUMBAI: “We are very excited about the future,” SN Subrahmanyan, Chief Executive Officer of Larsen & Toubro, declared with a level of certainty that may be hard to find at a time when most of the country has been shrouded in the gloom unleashed by a severe second wave of the Covid-19 pandemic. At the … Read more
FICCI’s Overall Business Confidence Index has witnessed a decadal high of 74.2 in the current round on account of improvement in present conditions as well as expectations, the industry body said on Sunday. The Index had stood at 70.9 in the previous survey and 59 a year ago, noted the survey. It revealed recovery of … Read more