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Ethiopian economy takes a hit as export earning drops

Foreign debt remains a concern at USD 27 billion In the face of an ongoing political volatility, the macroeconomic performance of Ethiopia, exacerbated by soaring double digit inflation and decline in export earning, is becoming a matter of grave concern to the nation, Ministry of Finance said this week. During…

Bajaj Auto profit jumps 20%

Two-wheelers major Bajaj Auto has reported a 20 percent jump in its fourth quarter standalone net profit (Q4FY19) at Rs 1,305.6 crore on the back of one-time gain of Rs 342 crore on reversal of duty paid from 2007-2014. The company had reported net profit of Rs 1,079.87 crore in the corresponding…