India Inc's dark winter

It is increasingly clear that India Inc is facing a long and dark winter. First-quarter results for Indian companies have revealed that a turnaround is not around the corner; in fact, it's not even visible at the moment. This newspaper reported on the results shown by a sample of 1,961 companies - excluding banking and finance, and state-owned petroleum companies - and there is no way to read the average figures without disquiet. Most obviously, year-on-year growth in sales revenue was 3.6 per cent - the lowest for any quarter in over three years.

Read Full Story>>