Explore Business Standard
Don’t miss the latest developments in business and finance.
Indian Companies
The WEF 2022 took place at a watershed moment in history from May 22 to May 26
 "In Pictures: India at World Economic Forum Annual Meeting 2022 in Davos")
The real estate book of L&T Finance is worth Rs 11,210 crore and infrastructure finance is worth 30,521 crore as on March this year
 "L&T Finance to divest real estate, infrastructure books to reduce leverage")
On the overall trust index, taking into account trust in NGOs, business, government and media, India is now placed at the second place after China, as against third in January this year
 "WEF 2022: India on top for trust in domestic companies, says study")
In the ranking of top-five valued firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys and Hindustan Unilever.
 "Mcap of 3 of top-five valued firms jumps Rs 1.78 trn; Reliance lead gainer")
Bank officials said India-centric business had predominant share - funding exports and imports as well as terms loans.
 "Overseas loan business of 6 Indian banks up 7-33% in FY22, shows data")
Firms did better in environmental (E) parameter compared with social and governance (G), says Crisil Research
 "ESG rating of 80% Indian firms just 'adequate' or 'below average': Analysis")
Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in January-March, compared with Rs 8,781.30 crore, or Rs 9.56 per share, in the same period a year back
 "IOC posts highest revenue by any Indian company, record profit in FY22")
The country's largest insurer LIC is the fifth most valuable company in the country with a market capitalisation of about Rs 5.54 lakh crore. Life Insurance Corporation (LIC) made a tepid stock market debut on Tuesday following a mega IPO which fetched Rs 20,557 crore to the exchequer. The shares listed on stock exchanges at over 8 per cent discount over its issue price of Rs 949 apiece. Shares of LIC closed at Rs 875.45, down Rs 73.55 or 7.75 per cent over the issue price, on the BSE. At this price, LIC is valued at nearly Rs 5.54 lakh crore. The market capitalisation of LIC is higher than that of HUL (Rs 5.27 lakh crore), ICICI Bank (Rs 4.94 lakh crore), SBI (Rs 4.17 lakh crore) and HDFC (Rs 3.97 lakh crore), as per the BSE data. Reliance Industries is the most valued company with a market capitalisation of Rs 17.12 lakh crore, followed by Tata Consultancy Services (Rs 12.67 lakh crore), HDFC Bank (Rs 7.29 lakh crore) and Infosys (Rs 6.38 lakh crore). Market capitalisation is th
 "LIC, with m-cap of Rs 5.54 trn, is fifth most valued Indian company")
Market boom, success of global start-ups key drivers
 "Over 10 Indian start-ups may mop up at least $10 billion in IPO rush")
BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review. In a statement, the firm said it will take all steps to enforce its right under the law. In January 2022, the board of BharatPe initiated the corporate governance review of the company. The company had appointed Alvarez & Marsal (A&M), a global professional services firm notable for its work in turnaround management and performance improvement, Shardul Amarchand Mangaldas & Co (SAM), India's leading law firm, to help the board and management with its governance review and PwC, a leading consulting entity, to determine wilful misconduct and gross negligence by a former founder. "After a detailed review of the above report over the last two months, the board of BharatPe has recommended several decisive measures that are being implemented," the statement said. These include a new code of conduct for senior management and ...