Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Wind turbine maker Suzlon Energy Ltd , which suffered the sudden loss of its founder-chairman Tulsi Tanti, is gearing up for a Rs 1,200 rights issue that opens on October 11. As the company grapples with the loss of its leader , the company’s management, backed by the Tanti family, is ensuring that business and the upcoming rights issue are not impacted, Chief Financial Officer Himanshu Mody told Moneycontrol’s Rachita Prasad. Mody answers some key questions ahead of the right issue. Edited excerpts: Mr Tanti’s sudden demise comes at a time when Suzlon was heading for a rights issue. How is the management handling the situation? It is a big loss for all of us at Suzlon. Mr Tanti put in place an empowered management team and we are ensuring on our part that it is business as … [Read more...] about Suzlon Energy: Rights issue will help firm get over its past of huge debt, says CFO
Share to Twitter Share to Linkedin Key takeaways The U.S. unemployment rate went up in August for the first time since April 2020. The jump wasn’t nearly as large, though; the reasons for the jump are positive economic indicators. Unemployment numbers don’t account for people who aren’t looking or can’t look for jobs, like the two to four million people not working due to long COVID or women leaving the workforce for other responsibilities since the beginning of the pandemic. The U.S. is currently not in a recession, but we’re on shaky ground. There are reasons to be optimistic, but several factors demand attention, like job listings with inadequate pay and a marked slowdown in hiring. To determine if we are in a recession, economists generally look at three factors: economic output, consumer demand and unemployment. A decreased economic output is normally defined by two consecutive quarters of decreasing GDP. The U.S. met this bar with … [Read more...] about New Jobs Data Friday- How Is Employment Tied To A Recession (Does This Officially Tip Us In)?