Tata Motors' two-notch rating upgrade with a positive outlook follows the company's sustained track record in achieving revenue growth, improving profitability and reducing debt, says Moody's.
The veteran of the investment industry argues that this decade will witness an export-led growth. And while IT and pharma would rule the economy, other smaller industries, too, will jostle to rise up.
After defending high, logic-defying valuations and cash burn for years, venture capital funds are warning founders to stop chasing top line growth, focus on basics, and build a profitable business.
The furniture retailer’s CEO and co-founder Ashish Goel says the company’s decision to cut overheads and lay off some employees will see it turn a profit before tax in the April-June quarter.