Highlights- GDP springs a positive surprise after better-than-expected corporate earnings - Overall top line growth of India Inc in line with demand picture reflected in GDP data - Q2 corporate earnings picture had benefits of moratorium and SC standstill on NPAs - Cost optimization key driver of Q2 profitability - Extreme cost control might crimp demand and drag future growth - If companies revert to near pre-COVID expenses, then earnings surprise could be limited - Q2 has by far been the biggest surprise and is unlikely to be repeated … [Read more...] about Is the recovery here to surprise us quarter after quarter?
Exxon quarterly profits
Binta Niambi Brown, CEO and founder of Fermata Entertainment Ltd./Big Mouth Records LLC, corporate/tech lawyer, startup adviser What concerns Brown most about the future of business is that we’ve limited our profitability as a nation because we’re all so caught up with making opportunities for ourselves. This is particularly true in the U.S., says Brown, where every single day, “We’re leaving talent and ideas and experience and knowledge and human capacity on the table because of our biases, our inability to forgive one another to allow possibilities of redemption, and to invest in and develop one another.” … [Read more...] about Business Leaders Share Their Biggest Concerns About The Future Of Business
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about NTPC share price gains after CLSA maintains buy rating
However, Alex Cobham, CEO of the Tax Justice Network was emphatic that “minimising Indian tax revenues is not a justification.” Cobham pointed out Sunak’s complicity adding: “India needs its tax revenues for schools and hospitals. We must hope that the chancellor himself is committed to the progressive taxation of wealth and top incomes, or the UK will only see the deepening of the stark individual, racial, gender and regional inequalities that the pandemic has laid bare.” … [Read more...] about Explainer | Why is Akshata Murthy’s wealth controversial?
A leading business daily has reported that the promoters of Mindtree are considering selling their stake in the company to Japan's NEC Corp and a large global private equity fund. We think the deal, if concluded, will be positive for minority shareholders in the long term. In the short term, the stock price could be influenced by the price at which the deal happens. … [Read more...] about Mindtree: How should investors read into the possible change in control?