Amidst the ongoing slump are pockets of hope—companies that are coping better or positioning themselves for an eventual revival.
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The Ajay Singh-led airline may have claimed it has turned profitable, or has a positive net worth for the first time in a decade, but a closer look suggests otherwise.
Last week, Larsen & Toubro chairman S. N. Subrahmanyan blamed welfare schemes for unavailability of labour. There are other factors in play too.
Consumption took centre stage, while some sectors got more attention than others. But Nirmala Sitharaman’s budget failed to enthuse the markets.