NEW DELHI: Larsen & Toubro is likely to report a multi-fold surge in its net profit, largely on the back of a weak year-ago base. On a sequential basis, profit may actually halve, analysts said. Nomura India noted that execution weakened for the engineering, procurement and construction ( ) companies like L&T during the June … Read more
NEW DELHI: Resumption of business activities in India, which was on course to hit pre-pandemic levels, stumbled ahead of the finishing line in the last week of February amid rising cases of Covid infections in some pockets of the country, said economists at Nomura. The Nomura India Business Resumption Index (NIBRI) eased to 98.5 for … Read more
NEW DELHI: Stagflation is a double-edged sword and it’s here, at least this is what the RBI’s recent survey on households suggests. Nomura India, however, says it may be transitory. It believes supply-chain disruptions during the pandemic are largely to blame for the outcome. Stagflation occurs when economic output stagnates but inflation keeps rising. It … Read more