Page 20 - India Inc

Tata Steel slips into red, logs Q4 consolidated pre-tax loss at Rs 1,499 cr

The company had a profit of Rs 4,252.50 crore in the corresponding period last year

Covid-19 impact: Reliance Brands pushes direct sales to boost business

Through a blend of online events, video-guided tours and parties, and digital catalogues called "flipbooks", the company's sales have awakened after the easing of the lockdown.

Construction firms turn to apps in search of labour amid Covid-19 crisis

Many firms are now hiring local labour.

10 important things PM Modi said at CII's annual session

PM said you take one step, the govt will take 4 steps to support you. This is the time for Indian industry to rise to the occasion. He said trust me, getting growth back is not so difficult after all

Industry fears supply chain disruption amid curbs on Chinese imports

Global companies that manufacture here say the move will impact their supply chain and force them to halt production.

Marginal rise in 'against' votes by mutual funds on resolutions in FY20

Over 67,000 corporate resolutions were put before fund houses during the year

Top headlines: RBI calls for stress testing; China's Vivo may exit IPL

From putting Chinese FDI on hold to India Inc working to conserve cash to offset Covid impact, here are top headlines this morning

India Inc on war footing to cut costs, conserve cash to offset Covid impact

Capex is the first head on the chopping block, followed by operating costs and overheads

Easier equity funding

Sebi's move a relief for cash-strapped companies

60% Indian employees happy with their employers amid Covid-19 crisis: Study

Overall, Indian employees felt positive about the manner in which their employers had treated them during the Covid-19 pandemic, with 59 per cent rating their company's treatment of staff "excellent"

Centre plans to decriminalise provisions of LLP Act, invites comments

More than 1.45 lakh LLPs are registered under the LLP Act and a bulk of them are small and medium enterprises.

India Inc earnings drop 22% in March quarter over legacy issues: Icra

India was under lockdown for the past two months. Icra said it analysed 184 companies, excluding the ones in the financial sector, for the study.

Covid-19 to accelerate India Inc's migration to safe, large banks

Share of large private banks in corporate relationships have moved from 27 per cent in 2017 to 32 per cent in 2019, according to Greenwich Associates, a Crisil group company

India Inc's foreign borrowings plunge over 68% to $996 mn in April

India Inc had raised as much as $3.16 billion from overseas market in the corresponding month of the previous financial year

How companies can maintain employee mental health in the time of Covid-19

Very few have been able to cope with a sudden, prolonged shift to WFH; Zoom fatigue has set in, causing burnouts and low productivity

India Inc waits for dust to settle before firming up farm strategies

The final of a two-part series looks at why investment is unlikely to be forthcoming until industry sees the new ground reality

RBI proposes 10-yr term for bank promoter-CEOs, 15 yrs for non-promoters

If the CEO or WTD is not a promoter or major shareholder of the bank, that person can continue for 15 years at the bank, after which he or she must step down.

PM Modi urges India Inc to shed conservative approach, take bold decisions

Speaking at the 95th Plenary session of Indian Chamber of Commerce, Modi stressed that the Covid-19 situation needs to be turned into an opportunity and the country needs to become self-reliant

Over half of India Inc's Covid-19 spends went to PM-CARES Fund: Crisil

Concerns about transparency have been expressed about the PM-CARES Fund

Will consider corporation tax rate benefit extension: FM Sitharaman

Says GST rate reduction to go to Council; Council is likely to meet on Friday through video conferencing.