Indian Companies

In Pictures: India at World Economic Forum Annual Meeting 2022 in Davos

The WEF 2022 took place at a watershed moment in history from May 22 to May 26

L&T Finance to divest real estate, infrastructure books to reduce leverage

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

WEF 2022: India on top for trust in domestic companies, says study

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

Mcap of 3 of top-five valued firms jumps Rs 1.78 trn; Reliance lead gainer

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.

Overseas loan business of 6 Indian banks up 7-33% in FY22, shows data

Bank officials said India-centric business had predominant share - funding exports and imports as well as terms loans.

ESG rating of 80% Indian firms just 'adequate' or 'below average': Analysis

Firms did better in environmental (E) parameter compared with social and governance (G), says Crisil Research

IOC posts highest revenue by any Indian company, record profit in FY22

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

LIC, with m-cap of Rs 5.54 trn, is fifth most valued Indian company

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

Over 10 Indian start-ups may mop up at least $10 billion in IPO rush

Market boom, success of global start-ups key drivers

Schneider Electric eyes ties with Indian firms as green energy push grows

Increasing investments across functions, GreeNext JV, focused on India, progressing well, says top executive

Indian companies should hit sustainability targets abroad, not just at home

Activist investors on the lookout for "greenwashing" have to be careful of the unintended consequences of their choices

BharatPe to 'claw back' Ashneer's restricted shares, blocks vendors

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 ...

Skillmatics raises $16 mn in series B funding round led by Sofina

Operating in a $100 billion global toys and games market, Skillmatics designs content-led games and play centric learning resources.

Sanofi India: Strong balance sheet, high cash reserves positives for stock

Products in the price control list and growth of the non-power brand portfolio will be key monitorables

Cognizant Q1 meets Street estimates; net income rises 11.5% to $563 mn

Net income was up 11.5 per cent year-on-year, but down from $576 million in the quarter ended Oct-Dec 2021.

Yesh Nadkarni appointed CEO for wholesale lending at Piramal Capital

Nadkarni joins PCHFL from global investment firm KKR, where he was managing director & CEO of the India real estate lending business.

Eris acquires Oaknet Healthcare for Rs 650 cr for dermatology foray

With a revenue base of Rs 195 crore in FY22, Oaknet brings a portfolio of leading brands in dermatology and women's health to the Eris stable.

Consumer durables market hit as containers pile-up at Shanghai port

Consumer durable companies in India have stocked up on components, but inventory could start to dry-up from mid-May onwards.

Adani Wilmar acquires Kohinoor rice brand in India to strengthen position

The acquisition of Kohinoor rice brand by Adani Wilmar will fuel the next level of growth for Adani Wilmar and widen the portfolio to cater to premium customer segments

From zone chiefs to staff training: Shriram keeps ball rolling for merger

Appoints PricewaterhouseCoopers to advise on the post-merger integration