Gautam Chikermane’s ‘Reform Nation’ claims to be an economic history of India since independence. Actually, it’s a post-truth narrative about three decades of economic ‘reforms’ that ignores the history of growth, unencumbered by the need for evidence of outcomes.
Read more about Max Financial records Q4 PAT of Rs 70 cr on Business Standard. On a consolidated basis, Max Financial Services reported a net profit of Rs 70 crore in Q4 FY21, steeply higher than net profit of Rs 6.7 crore in Q4 FY20.
Equity indices ended a volatile session with steep losses on Wednesday, led by weakness in banks and auto shares. The Nifty hit a record high of 15,800.45 in early afternoon trade. However, a sharp round of selling in afternoon trade dragged the benchmarks lower. All the sectoral indices on the NSE were in the red.
As per the provisional closing data, the barometer index, the S&P BSE Sensex, slipped 315.96 points or 0.6% at 51,959.34. The Nifty 50 index lost 99.4 points or 0.63% at 15,640.40.
Selling was broad based. The S&P BSE Mid-Cap index skid 0.55% while the S&P BSE Small-Cap index declined 0.76%.
The market breadth was negative. On the BSE, 1,465 shares rose and 1,722 shares fell. A total of 153 shares were unchanged.
Read more about Bharat Forge in demand after turnaround Q4 numbers on Business Standard. Bharat Forge jumped 5% to Rs 730.65 after the company posted a standalone net profit of Rs 205.5 crore in Q4 FY21 compared with net loss of Rs 73.2 crore in Q4 FY20.
Read more about Thomas Cook India reduces loss to Rs 68 crore in the March quarter on Business Standard. Integrated travel services company Thomas Cook India limited its loss at a consolidated level to Rs 68 crore in Q4 FY21, compared with Rs 89 crore in the previous quarter