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…