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The growth of earnings through Q3 (September quarter) has been for the listed companies, plus 25%. If output falls and earnings and profits are going up by 25%, it means that wages and labour income are being squeezed, if not collapsing.
AB Capital awaits RBI report to take bank callAfter reporting a net profit of Rs 1,127 crore (up 22%), Srinivasan said that the company has achieved scale due to its diversified platform that allows it to leverage customer relationships, brand value, talent and informati… Read MoreLocal investors lead market rally as infections fallCLSA said in a note on Friday that the rate of daily case additions is now about 17 per cent below the recent peak seen during the ongoing second Covid wave. The rate of growth in infections is still up 251 per cent from the … Read MoreElon Musk loses world’s second-richest ranking as Tesla dipsOn Monday, Tesla Inc.’s chief executive officer lost his spot as the world’s second-richest person to LVMH Chairman Bernard Arnault as the electric vehicle-maker’s shares fell 2.2%. That was on top of last week’s slump amid a… Read MoreWarren Buffett sells 31-year-old investment in Wells FargoWarren Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a "dumb" incentive system and was slow to make things right.
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… Read MoreSputnik pact with DRL sends Shilpa Medicare to 7-month highThe company entered into a three-year agreement with Dr Reddy’s for the production of Sputnik V vaccine for Covid-19. The targeted production of the dual vector Sputnik V for the first 12 months is 50 million doses from the d… Read More
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