Page 8 - India Inc

India Inc credit outlook turns positive, upgrades rise: CRISIL Ratings

Demand recovery to sustain; vaccinations to mitigate the severity of the third wave

Inflation bites: High commodity prices hit India Inc's profits, margins

The adverse impact of inflation and higher commodity prices is visible in the overall corporate results for Q1FY22

Decoded: Why commerce minister Piyush Goyal is peeved at some in India Inc

Indian industry would import even if it helped them save just 10 paise in the finished cost of goods, and then lobby to avoid the levy of anti-dumping duties on such imports, Goyal said

Govt's Rs 100 trn infra plan to ensure all-round development: Industry

The announcement of a Rs 100 lakh crore 'Gatishakti' initiative by Prime Minister Narendra Modi will lead to an all-round national development with focus on jobs, growth

Deal activity in India Inc slows to $40.7 billion due to Covid wave: PwC

Deal activity in India during the first half of 2021 amounted to USD 40.7 billion across 710 deals, including both private equity (PE) and strategic acquisitions (M & A), according to a report by consulting major PricewaterhouseCoopers (PwC).A second wave of infections resulted in lockdowns across states, thereby hampering ongoing deal activities, it said in the report titled 'Deals in India: Mid-year review and outlook for 2021 -- resilience and recovery.'However, various timely policy and credit measures announced by the government to revive the economy and make it more resilient, and a stable banking system, have resulted in the growth of positive sentiments within the investor community.The deal value of USD 40.7 billion recorded in H1 2021 was 2 per cent higher than H2 2020 when deals worth USD 39.8 billion were recorded despite the unstable economic environment.However, the deal value in H1 2021 was 14 per cent lower compared to the same period last year. The volume of deals

A third of India Inc sees deterioration in financial health in Q1: Report

report has found that a third of corporate India has seen their debt servicing ability hit in the June quarter of current fiscal, massively up from 22 per cent in previous three months ending March

Up to India Inc to take risks now as my govt has ushered bold reforms: PM

The prime minister said the economy was picking up pace with the efforts of industry

India Inc's deal activity sees 3% jump to $13.2 billion in July

India Inc witnessed a 3 per cent rise in deal activity to USD 13.2 billion across 181 transactions in July, a report said on Tuesday. Going by the number of deals, the volumes showed a 66 per cent increase to 181 transactions, thus indicating a dip in average ticket sizes, the data by the consultancy firm Grant Thornton Bharat said. When compared to the preceding June, the deal volumes were 6 per cent higher, while the deal values were 33 per cent up because of a higher number of big-ticket transactions, it added. This surge in deal activity was primarily due to companies continuing to borrow economically and spending their cash reserves on transformative deals to reposition themselves for the post-COVID-19 world, its partner Shanthi Vijetha said. Vijetha said the firm hopes for the deal trend will remain positive in the coming months too. According to the report, the USD 13.2 billion of investments is the highest ever for any month since 2005. Mergers and acquisitions (M&A) ...

India companies seal 181 deals worth $13.2 billion in July: Report

India Inc recorded 181 deals amounting to $13.2 billion in July 2021, according to Grant Thornton Bharat's 'Dealtracker'.

Hindalco posts consolidated net profit of Rs 2,787 cr in June quarter

Hindalco Industries Ltd on Friday reported a consolidated profit after tax of Rs 2,787 crore for the quarter ended on June 30, 2021.

Govt spending to push private capex higher after multi-year deleveraging

Orders, mostly from the govt, worth $356 bn expected in the next two years

India Inc raises longer-term dollar bonds from foreign investors

In the current calendar year alone, Indian companies raised $4.6 bn from these markets so far

ABB India net profit jumps four-fold to Rs 68 crore in June quarter

Total revenue of the firm rose to Rs 1,425 crore in the quarter from Rs 986 crore a year ago.

Tax data shows how Covid-19 crushed small companies while big ones made hay

Listed firms paid Rs 35,000 cr more tax this year, even as corporate tax mop up fell by Rs 1 trn. Pvt ltd firms and the non-corporate sector paid Rs 1.35 trn less, which means their profits dived

India to see higher salaries as firms look beyond coronavirus hit

Paychecks could rise about 8% in the financial year starting April 2022, especially if authorities avert a third wave of the virus

Infosys reopens offices as India Inc eyes long road back to work

The Bengaluru-based IT services company stopped short of calling all employees back to work, reflecting wider caution across the sector

Bigger firms scoop up more market share during Covid-19 pandemic

Market concentration in key sectors, measured by HHI, reached a new high in FY21

Pandemic prompting cos to reimagine workplace, culture: HR executives

Top executives from Hindustan Unilever Ltd (HUL) and Wipro deliberated on what will be needed to build resilient workforces and workplaces in a post-pandemic environment

India Inc's overseas direct investment in June doubles at $2.8 bn

The overseas direct investment of domestic companies more than doubled to $2.80 billion in June this year, according to RBI data

With Zomato's offering, fresh fundraising via IPOs set to hit 14-year high

All-time high not far away with Paytm planning fresh issue of Rs 12,000 cr