Work experience contributes to almost 60% of a worker’s lifetime earnings in India where fewer people are able to avail of higher education opportunities and start work in low-wage jobs as compared with 40% to 43% in the US, the UK and Germany, a recently published McKinsey Global Institute study has found. Most workers in […]
Earnings estimates for the Nifty50 in FY23 have been left more or less unchanged post the Q4FY22 earnings season. For FY24, earnings estimates have been downgraded very slightly as most sectors are expected to fare well. As such, net profit for Nifty50 is now estimated to grow 23% in FY23 and 15% in FY24. In […]
US Commerce Secretary Gina Raimondo says it “may make sense” to lift tariffs on some goods as a way to cool inflation. Shiyin Chen reports on “Bloomberg Daybreak: Australia” with Haidi Stroud-Watts and Shery Ahn.
The Centre has decided to lift a virtual freeze on fresh market borrowings by states with large off-Budget liabilities. It will, however, strike off at least 25 basis points (bps) from the net base borrowing ceiling (NBC) of 3.5% of gross state domestic product (GSDP) of these states in FY23. The off-Budget liabilities will be […]
On this week’s MLIV Pulse, guests give their take on where the biggest risks for quantitative tightening are. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, […]
Input inflation and a sharp rise in employee expenses notwithstanding, India Inc turned in a strong performance in FY22. While the low base of FY21 did help prop up the numbers, companies clearly responded to the demand from clients and customers. Employee costs jumped 12.7%, the biggest increase in eight years. Much of this was […]
In the mid 1960s, after a very successful season, when he became the ‘King of the Stretford End’ at Old Trafford, Denis Law walked up to then Manchester United manager Matt Busby, demanding a pay hike. Upon his return from his native Scotland, as the new season began, Law found himself among the players who […]
KYIV — Ukraine said on Saturday it had recaptured a swathe of the battlefield city of Sievierodonetsk, where intense fighting continued, in a rare counter-offensive against Russia’s main assault force that had been steadily advancing in the east. Read More
Armed with a Supreme Court order allowing the promoter’s settlement plan to save the company from liquidation, the ailing Siva Industries and Holding Ltd (SIHL) said on Saturday the company will be placed under new management soon and will focus on settling its creditors as soon as possible. Commenting on the SC order that quashed […]