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India Inc saw 568 5% jump in profit but still fired employees : Bulletin: Business Today

Loading the player. Covaxin can protect against COVID-19 mutant: Bharat Biotech Covaxin, a vaccine candidate being developed by Bharat Biotech for COVID-19, can offer protection against mutations of coronavirus, Chairman and Managing Director of the city-based vaccine maker, Krishna Ella, said on Tuesday. He also said the company has approached regulatory authorities seeking approval for an emergency license to use the vaccine, developed in collaboration with the Indian Council of Medical Research (ICMR) and the National Institute of Virology and now undergoing phase 3 trials. Small extension in flight ban with the UK, says aviation minister The Centre is likely to sustain the suspension of flights between India and the UK, with Civil Aviation Minister Hardeep Singh Puri indicating a short extension beyond December 31. Puri hinted at the extension in his statement after six Indians returning from the UK were found to have been infected by the new strain of coronavirus on Tue

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Rahul Gandhi Slams Modi Gov t Over Survey Claiming 3 5 Million Indians Lost Their Jobs in November

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Narendra modiRahul gandhiRahul gandhi rahulgandhiConsumer pyramids householdCentre for monitoring indian economyNew delhi basedMonitoring indian economyConsumer pyramids household surveyPrime minister modi ledGross domestic productநரேந்திர மோடிராகுல் காந்திநுகர்வோர் பிரமிடுகள் வீட்டுமையம் க்கு கண்காணிப்பு இந்தியன் பொருளாதாரம்புதியது டெல்ஹி அடிப்படையிலானதுகண்காணிப்பு இந்தியன் பொருளாதாரம்

India Inc saw 568 5% jump in profit but still fired employees: CMIE

India Inc saw 568.5% jump in profit but still fired employees: CMIE While companies income declined 6.9 per cent, costs on raw materials and purchase of finished goods biggest expense head declined by a much bigger margin at 18.9 per cent. In view of Covid curbs, expenses on salaries grew 3.4 per cent but other expenses fell 9 per cent BusinessToday.In | December 29, 2020 | Updated 16:23 IST CMIE article says wage cut by companies was more likely opportunistic than out of business compulsions to survive the lockdown Listed companies made highest-ever profits in the midst of a severe lockdown by cutting costs a lot more sharply than they suffered fall in sales, private think tank Centre for Monitoring Indian Economy (CMIE) in its latest article has said. It says that though these companies made a killing during the lockdown, they still resorted to significant layoffs and wage cuts.

Centre for monitoring indian economyMonitoring indian economyமையம் க்கு கண்காணிப்பு இந்தியன் பொருளாதாரம்கண்காணிப்பு இந்தியன் பொருளாதாரம்

GDP contraction to job losses amid Covid-19: 2020, the year of new lows

Finance Minister Nirmala Sitharaman As the economy reeled from the effects of the world’s biggest lockdown, the finance minister announced stimulus measures worth over Rs 20 trillion under the Aatma Nirbhar Bharat Package. It included a generous dose of bold measures to make India self-reliant but failed to create a big impact, as at the aggregate level government spending was not increased significantly. This hobbled the pace of recovery. A high note 5 / 13 The inflation outlook worsened this year, remaining above the Reserve Bank of India’s tolerance band of 2-6 per cent, even as the economy contracted. Food prices rose steadily as Covid restrictions affected supply. Inflation is expected to ease closer to 4 per cent in the first-half of 2021, creating room for further policy easing.

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Home-loan enquiries rise, but retail credit demand still down y-o-y: Cibil

Home-loan enquiries rise, but retail credit demand still down y-o-y: Cibil
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