However, the pressure on top line has largely been mitigated by a reduction in overhead costs, especially labour cost to maintain a healthy bottom-line. Ind-Ra's analysis of 2, 036 corporates suggests that the number of companies posted losses in 1Q FY22 has been lower than in 1Q FY21.... Out of the 2, 036 entities, 523 entities posted losses in 1Q FY22 compared to 986 entities in 1Q FY21. This has largely driven by limited the restriction imposed on business activities.... Corporates too have

India’s services sector witnessed a strong rebound in February, with the HSBC India Services Purchasing Managers’ Index( PMI) rising to 59.0, up from 56.5 in January, which had been its lowest reading in over two years.... As a result, firms continued to scale up operations, leading to one of the sharpest increases in employment since records began in December 2005.... Businesses reported hiring full-and part-time workers to accommodate rising workloads and ease capacity pressures....

By Yoshifumi Takemoto and Daniel LeussinkTOKYO( Reuters)-Japanese retail sales beat expectations in May as households loosened their purse strings, but underlying trends in consumption remain hostage to COVID-19-linked pressures and suggest the economic recovery will take time to gather steam. With Tokyo set to host the Olympic Games next month, analysts expect Japan's economy will barely grow in the second quarter after prolonged coronavirus emergency curbs hurt the growth outlook.As major glob

Research Questions Would reallocating funds from defense spending to infrastructure spending boost

WASHINGTON--U.S. consumer spending rebounded in October, rising by a a solid 1.3%, but inflation

.... The Wednesday report on spending and incomes showed that consumers boosted their purchases of

too late. They also faced a Friday deadline to approve the government-wide spending measure or face a

WASHINGTON — Congressional leaders have reached an agreement on overall spending levels for the

per share of$ 1.86. The jump in AmEx's earnings came entirely from record cardmember spending in the

close Video Democrat lawmaker on Biden spending bill, need to help small businesses Rep.... About