Page 16 - Indian Companies

Boardroom bonanza: Dividend payout up 9% as India Inc sees recovery

All 268 early-bird firms in surveyed sample may pay a total of Rs 1.16 trillion

Revenue from Blackstone channels can double in 3 years: Mphasis CEO

In Q&A, Nitin Rakesh dwells on business prospects, M&A opportunities and what Blackstone now brings to table

Novelis posts 180% rise in net profit to $176 million for March quarter

Novelis, a wholly-owned subsidiary of Hindalco Industries Ltd, on Wednesday posted a 179.3 per cent rise in net income to USD 176 million for the quarter ended March 31, 2021.

FMCG sales up 9.4% in March qtr, but June qtr remains volatile: Nielsen

If e-commerce sales are excluded, the sector growth stood at 9.3 per cent in the March quarter, 7.1 per cent in the December quarter, and 0.8 per cent in the September quarter

Allcargo brings in Parthasarathy, Martin Mueller as independent directors

Allcargo Logistics on Wednesday announced appointment of V S Parthasarathy and a Swiss national, Martin Mueller as independent directors on its board. Parthasarathy was till recently Group CFO and CIO of Mahindra & Mahindra while Mueller is a former partner at global consulting giant McKinsey. Mueller and Parthasarathy have also joined the board of Allcargo's wholly-owned subsidiary ECU Worldwide, the company said in a statement. ECU Worldwide is a Belgian multinational, operating Allcargo Group's global operations with presence in over 160 markets and is the world's largest less-than-cargo load (LCL) consolidator. "With Partha and Martin joining our Board... I expect this intellectual and diversified combination of cross-functional leadership and professional expertise will help us immensely as Allcargo prepares to move forward in its journey of excellence leading to meet our vision for the future, said Shashi Kiran Shetty, Founder and Chairman, Allcargo Logistics. Parthasarathy

Birla Corporation net profit up 28% in Jan-Mar quarter due to high sales

Birla Corporation Ltd on Wednesday reported a 28 per cent year-on-year rise in its net profit to Rs 249.33 crore in the fourth quarter ended March 31, 2021

BS webinar on De-risking the Risk Business: 'Digital road too has potholes'

Traditional data sources such as demographic data or exposure data are increasingly combined with new sources such as online or telematics-data

HUL's Sudhir Sitapati to take over as GCPL's managing director in October

GCPL posted a 59.13 per cent YoY increase in its consolidated net profit to Rs 365.84 crore for Q4, led by a low base

Bharat Biotech commences direct supply of 'Covaxin' to 14 states

The company is now getting requests from other state governments as well, and will be processing them for distribution based on availability of the vaccine

Sitapati steps down as HUL's executive director, Sundaram to take over

Srinandan Sundaram, currently executive director at HUL, will succeed Sitapati effective July 1

Reliance Industries' profit more than doubles to Rs 13,227 crore in Q4

Company beats the Street on top line and Ebitda

Covid-19 stress: Companies may not get immediate relief measures

Some of the exemptions given as part of Covid relief measures last year would come to an end in June 2021

Positive start to Q4 corporate earnings; combined net profit 36.2%

Earnings growth in the early-bird sample has been driven BY banks and iron & steel companies.

Our deal pipeline at present is the best in last few years: Tech Mahindra

The company's MD & CEO C P Gurnani and president (BFSI, HLS and corporate development) Vivek Agarwal talk to Shivani Shinde on the business momentum and M&A pace

Indian companies go slow on long-term bonds amid Covid-19 concerns

They will likely rely on short-term ones if the pandemic continues longer

India Inc may have to keep date with filings as Sebi cites partial lockdown

Auditors struggle with Covid, but no extension likely for FY21 earnings reports

Big groups plan O2 storage, transport; PM Cares Fund for 551 plants

The government is using "linear programming", an operation research tool, to get oxygen to cities from their nearest sources

Govt examining industry demands; breather on tax compliance deadline likely

Proposals for a 3-month extension of compliance timeline being considered

Negative outlook list may get longer, Q1 biz to be hit: Rating agencies

In February, things seemed to be coming under control with vaccination, giving the impression the system would cope with the pandemic

The start, not the end, of Unicorn seeding

Conditions are ripe in a broad range of sectors for strong growth and innovation