Goodwill Investors Education initiative Goodwill’s EAGLE’S EYES!
Markets are agog with a lot of news- both good and bad.
Oil prices peak and touch 3 digits all over India. Auto sector shows promise of fair recovery. Migrant workers are back after pandemic disaster. IPOs do fairly well.
New investments from companies are an indicator of many things—the country’s economic health, of course, but also the strength of the employment market. For now, capex plans have taken a hit. The second wave of the pandemic and regional lockdowns sapped business confidence. New project investments in the June quarter fell 13% to ₹1.6 trillion from the preceding three months, writes Niti Kiran.
8 million regained jobs in June as states relaxed curbs
India’s labour market is showing signs of life after the lockdowns devastated it—almost 23 million jobs were lost in April and May. The trend appears to be reversing with 8 million people re-joining work in June. Economic activity has picked up across many states, cushioning the jobs market. Prashant K. Nanda reports on the silver lining.
How India Inc hobbled through 2020 (premium)
Revenues fell but profits soared. That’s the gist of a far more in-depth analysis of the financial statements of over 1,100 listed companies. The revenue-profit dichotomy within corporate India suggests that firms went on a massive cost-cutting spree. One major area was compensation to employees, whether in the form of laying off staff, employing contract labour for fewer days, or by pruning salaries, writes Arjun Srinivas.
Amazon revises values days before Bezos steps down
Amazon.com Inc. has often been criticised as a bruising workplace. Now, Jeff Bezos wants the company to be a better place for employees. On Thursday, just days before he is set to exit as chief executive officer, Amazon has altered its code of 14 corporate values by adding two more bullet points. What are those?
Vodafone Idea, strapped for cash, is putting up a hard fight.
Shareholders of Vodafone Idea Ltd are an interesting lot. The telecom company’s losses and debt are higher than ever before, but its stock trades more than 40% higher compared to pre-covid highs. The fact is, Vodafone Idea is doing the best it can with its meagre resources, write Harsha Jethmalani and Mobis Philipose.
ZyCoV-D..Watch the Zydus Counter
Ahmedabad-based drugmaker Zydus Cadila has applied for emergency use authorization for its three-dose covid-19 vaccine ZyCoV-D. With a primary efficacy of 66.6%, the jab, if approved, will be the world’s first DNA vaccine. Neetu Chandra Sharma explains the technology behind the vaccine, its storage requirements, and the company’s current capacity to produce it.
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