Page 19 - India Inc

Govt should spend on profitable firms to boost economy: Raghuram Rajan

Speaking at NCAER's India Policy Forum 2020, Rajan said in the pandemic, unlike normal recession, there is enormous amount of destruction

Share of industrial credit in total bank credit dips to 31.5% in March: RBI

Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.

Wipro sees green shoots in some verticals; net profit flat at Rs 2,390 cr

IT firm's margin expands despite revenue fall in Q1

Covid-19 crisis: Strategy change spurred business revival, says InMobi

However, the home-grown mobile marketing and advertising software firm will have to wait for at least six months to achieve $1 billion in revenue, said Founder and CEO Naveen Tewari

Results preview: Nifty companies may see over 25% profit drop in Q1

Revenues set to take a similar hit

Tata Consultancy Services lifts curb on lateral hiring amid Covid-19 crisis

The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.

Over half of Indian firms 'vulnerable' on wage payments, says Crisil

Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.

Toyota staff Covid-positive, cases at Bidadi manufacturing unit up to 14

The company confirms the emergence of a new case of Covid-19 with the employee concerned having last attended the work on July, 3, TKM said in a statement on its website.

India moves up a rank, becomes second-largest foreign investor in UK

The US remains the number one source of FDI for the UK, delivering 462 projects and 20,131 jobs, followed by India, Germany, France and China and Hong Kong

India Inc should come forward, invest and show the world: MoS Thakur

On the robustness of the financial sector, he said, the government has infused more than Rs 5 trillion for recapitalisation of public sector banks (PSBs)

Unsure of hiring fresh graduates, IT companies venture off campus

The technology industry is one of the largest recruiters for fresh graduates in the country.

India Inc walking a tightrope on production first and employee safety

Unlike heavy engineering, auto and auto components, the labour requirement in fast-moving consumer goods (FMCG) companies is nevertheless less

Green shoots visible, India will bounce back: NITI Aayog CEO Amitabh Kant

"I am hopeful that we will bounce back and bounce back with a vengeance," Kant said while speaking at 'FICCI FRAMES 2020'.

Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

77% of CEOs feel cut in interest rate didn't benefit them: Survey

The survey sought responses from 100 corporate executives.

Covid-19 impact: Six of the top 10 family-owned businesses in the red

Leading business houses report pre-tax loss of Rs 19,342 crore in Q4

Look beyond metros, set up new industries in Tier-II, III cities: Gadkari

Gadkari also said that Indian origin companies vying for global success is the way forward towards fulfilling PM's dream of Atma Nirbhar Bharat

Riding out the Covid-19 crisis: Auto shows pick-up signs in rural India

Maruti Suzuki India, the country's largest carmaker, on Wednesday reported a 53.8 per cent year-on-year decline in domestic passenger vehicle sales to 51,274 units in June due to Covid-19 crisis

Covid-19 crisis: HUL hints at margin pressures, higher operating costs

"Distribution costs have significantly increased and there will be short-term pressure on margins," Sanjiv Mehta, chairman and managing director said.

FinMin told to levy tax on imported goods to boost local products: Pradhan

The proposed Border Adjustment Tax would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.