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Last week, Larsen & Toubro chairman S. N. Subrahmanyan blamed welfare schemes for unavailability of labour. There are other factors in play too.

April data suggests the slide may be moderating, even as the UAE accelerates moves to derisk its future.
With no minimum investment threshold, the emirate is widening access to residency even as geopolitical risks cloud its appeal.
The restaurant chain operator has decided not to renew its franchise agreement for the coffee and donut chain in India. This was a long time coming, and it’s only good news for Jubilant and its shareholders.