Here is a roundup of the day’s top stories in brief.
1. Ten Lessons From The Samvat Of Coronavirus
This year has been extraordinarily painful for people, economies and, for a time, equity markets, writes Niraj Shah.
But the forced time-out and work-from-home has enabled a lot of reading and contemplative conversations with market veterans.
The most learning though, as is always the case, has come from just watching Mr. Market.
Here’s what the market taught me this year, about pandemics and crises, growth and risk, the joy of giving and the best asset one can own.
2. Tata Steel’s Profit Slumps; Announces Restructuring
Tata Steel Ltd.’s quarterly profit slumped due to losses at overseas subsidiaries, even as the India business improved significantly.
Net profit fell 62.7% year-on-year to Rs 1,546.3 crore.
Revenue rose 7.4% to Rs 37,153.9 crore.
Operating profit rose 60% to Rs…
