Listed companies’ net profit as a percentage of gross domestic product (GDP) has hit a decadal high and is expected to edge even higher over the next two financial years. According to an analysis by ICICI Securities, India’s Inc net profit stood at Rs 8.4 trillion, or 4 per cent of GDP of Rs 210 trillion for the trailing 12-month […]

TOKYO (Reuters) – The dollar trod water against major peers on Wednesday after weakening in the past three days, and traded near a one-month low to the yen, with investors awaiting U.S. inflation data for a clue to when the Federal Reserve might raise interest rates.FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at […]

A look at the day ahead from Saikat Chatterjee.FILE PHOTO: A trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 8, 2021. REUTERS/Brendan McDermidThere’s no respite for global policymakers from the dreaded “I” word. They may have spent the greater part of the last two weeks reiterating their […]

SYDNEY (Reuters) – Asian stockmarkets were tugged lower by fresh concern about the solvency of China’s property developers on Wednesday, while a surging oil price added to worries that a hot U.S. inflation reading could renew pressure on policymakers to lift rates.FILE PHOTO: An electronic stock quotation board is displayed inside a conference hall in Tokyo, Japan November 1, 2021. […]

Facebook’s parent company will no longer allow advertisers to target people based on sensitive topics, including politics, race and sexual orientation. The tech giant – which recently changed its name to Meta – said it made the “difficult decision” to prevent advertisers from “abusing the targeting options we make available”. Meta VP Graham Mudd said in a blogpost the platform […]

The Broadway production Chicken & Biscuits has canceled its next three performances, starting tonight, due to breakthrough cases of Covid. “Through our regular testing process and protocols, breakthrough COVID-19 cases have been detected within the company of Chicken & Biscuits,” producers said in a statement. “As the health and safety of our cast, crew, and audiences are most paramount, we […]

“It’s just remarkable how obsessed some people are in trying to trip California up and identifying areas of weakness,” said the state’s governor on Tuesday. And despite that, “we still dominate” the American economy, maintained Gavin Newsom. He went on to tick off a number of proof points: “No. 1 in household income. No. 1 in manufacturing jobs…No. 1 in […]

WeWork co-founder and fallen CEO Adam Neumann said Jared Leto advised him not to watch the upcoming Apple TV+ miniseries WeCrashed where the actor plays the former high-flying executive whose company crashed in 2019 before being resurrected in a SPAC-led IPO last month. (Separately, lawyers for the much-dramatized Neumann convinced HBO to tweak some wording around him for an episode […]

French President Emmanuel Macron said on Tuesday that booster shots for the Covid vaccine will be extended to those aged 50 and over from early December. From December 15, they will need to give proof of a Covid-19 booster shot in order to maintain their health passes, the president said. Macron said Europe was seeing a fifth wave of infections […]