Hectic parleys are still going on in the central government to assess the impact of the lockdown so far and the role to be played by the centre government and the States and Union Territories after the fourth phase of the curb comes to an end on Sunday. … [Read more...] about Centre likely to retain limited role and allow states have more say after Lockdown 4.0
Conservationists are very concerned about the ever growing
Over the past year, the government has enacted several vital reforms and taken long-term policy decisions aimed at restructuring the economy. The issue is that almost all of them deal with the supply-side bottlenecks in the economy and do little to tackle the short-term problem of falling aggregate demand, especially after the COVID-19 crisis and lockdown. Supply-side changes sometimes take years to fructify, but the government has adopted a conservative approach due to concerns about the fiscal deficit and credit rating agencies. … [Read more...] about Modi Govt 2.0 | Bold steps with a focus on long-term reforms
Of course, this was decided because of the very high participation that it could be only at the level of heads of state and government and both countries, for reasons of agenda, could not do that at that level, but they would be ready to participate at other levels. … [Read more...] about COVID-19 could cause $8.5 trillion loss in global output: UN chief Antonio Guterres
Covid’19-related shutdowns hurt an otherwise healthy year for ABFRL. It reported 7.7% revenue growth and a 16% EBITDA drop in FY20. The `10bn rights issue as a risk-mitigation strategy would strengthen the balance sheet. The inherently strong brands and otherwise healthy working-capital cycle are its key strengths. The stock price has fallen ~36% since the lockdown with concerns about demand revival uncertainty and mounting debt. On the extended lockdown and higher fixed costs than previously expected, we cut our FY21e/FY22e revenue 6.3%/8.3%, EBITDA 44.5%/25.0%. We maintain our Buy rating with a lower TP of `137 based on 18x FY22e EV/EBITDA. We believe the ability to control fixed costs and demand revival are key monitorables. … [Read more...] about Buy Aditya Birla Fashion and Retail target of Rs 137: Anand Rathi
"According to executives, Sikka's product mindset did not work for the company and eventually led to his departure. Then came Parekh’s appointment at a time the company was looking for an executive who would bring in stability," said Pareekh Jain, founder, Pareekh Consulting. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?