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"It is easy to make claims without backing them up with facts and data."


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Several economic controversies are making the headlines, from the forecasted growth to the problems surrounding the Mauritius Investment Corporation. We sought the views of Vinaye Ancharaz, economist, on all these issues. His opinions are bold and unambiguous.
“The MIC operates with 100% of public funds, so we have a right to know how our money is being spent. If it were using its capital honestly to invest in good projects, there would be no need to conceal any information.”
There are several contrasting views about the economic situation and the forecast for the coming year. What exactly is the picture, according to you? ....

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Stocks in Focus on May 21: HPCL, Havells India, JK Lakshmi Cement, Axis Bank to Sugar Stocks; here are the 5 Newsmakers of the Day


At the stock markets, the S&P BSE Sensex lost 338 points, or 0.68 per cent, to close at 49,565, on Thursday, May 20, 2021. The Nifty at the National Stock Exchange slid 124 points, or 0.83 per cent, to end at 14,906. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Friday, May 21, 2021. List of such five stocks:
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HPCL + Havells India + Torrent Power
HPCL: State-controlled Hindustan Petroleum Corp Ltd (HPCL) has reported a 28.2% QoQ rise in the profits at Rs 3,018 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 2,354.6 crore in the previous quarter ended December 31, 2021. Revenues went up 9% QoQ to Rs 74,843.4 as compared to Rs 68,659.2 crore posted in the previous quarter. EBITDA stood at Rs 4,666.4 crore, up 41.3% from Rs 3,301.5 crore posted in the December quarter. The EBITDA margins improved to 6.2% in Q4FY21 as compared to 4.8 ....

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