CFO optimism falls to record low amid COVID-19, shows survey

The optimism level among chief financial officers about India’s financial and macro-economic conditions during the third quarter this year has witnessed a decline of 15% and touched a record low level, according to a survey. Dun & Bradstreet Composite CFO Optimism Index showed a decline of 15% on a quarter-on-quarter …

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‘India must focus on reforms as high growth is not a given’

India has tailwinds, such as its demographic advantage, to make it a high-growth economy, but the same cannot be considered foreordained and requires continued action, global private equity major Warburg Pincus CEO Charles Kaye said on Wednesday. Implementing the reforms vision is the “principal challenge” for India, he said, specifying …

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Mutual funds add IT, pharma stocks for uncertain times

Mutual fund managers retained their exposure to defensives such as pharmaceuticals and technology in July while handpicking shares of companies that have the potential to beat estimates over the next couple of quarters. The focus was on buying stocks that could withstand further turbulence with the economy set to contract …

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