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Benighted Statistics

Around 150 years ago, British PM Benjamin Disraeli said: “There are three types of lies ~ lies, damn lies, and statistics” ~ a statement as true today as it was the day it was made. A recent example would suffice.

MCL’s coal production grows by over 35%

MCL registered OBR at 16.68 Million Cubic Meters (MCuM) in the month of June 2022 as it posted the highest ever OBR figures of 51.80 MCuM for the Q1 of FY'23 with a growth of 19.6%.

HCL Tech shares drop 6 pc post Q4 results

The company reported 21.3 per cent growth in revenue to Rs 15,990 crore in the quarter under review compared to Rs 13,178 crore in the year-ago period, as per Ind-AS accounting norms.