Page 3 - Indian Companies

In a first, India opens up central govt procurement market to UAE

Experts say this may open a Pandora's box with demand for similar commitment

84% of Indian companies plan ASEAN HQ in Singapore: SC Survey

Last week, Singapore announced major relaxation of COVID-19 measures which will help it take a giant step towards exiting all pandemic-era restrictions

Why the mega acquisition of Blinkit may give Zomato digestion problems

Market sentiment, inadequate data and unsustainable unit economics are stacked against the acquisition plan and 10-minute food delivery.

BS Awards for Corporate Excellence: Power-packed jury to pick winners today

The jury will select the best in corporate India from a list based on financial data as well as qualitative aspects

190 of 1,080 industries polluting Ganga shut down, says govt

The Centre on Monday said of the 1,080 industries causing pollution in Ganga in five states, 190 have been closed while 165 are still not complying with norms. Of the 165, closure orders have been issued to nine and show-cause notices has been served to 156 grossly polluting industries, it said. Responding to a question in Rajya Sabha, Minister of State for Jal Shakti Bishweswar Tudu said about 280.17 million litres per day (MLD) effluents is being discharged into river Ganga main stem having BOD load of 9.68 tons per day. According to the inventorization of 2020-21, 1,080 Grossly Polluting Industries (GPIs) operating in five river Ganga main stem states namely Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal were inventoried in consultation with concerned state pollution control boards, Tudu said in a written response. Inspection of GPIs were carried out during October 2020 to March, 2021 through technical institutes (TPIs) and action on inspection reports were taken b

Indian companies stay put in Russia but pharma exports could be hit

Executives at Indian pharma companies Torrent Pharmaceuticals and Zydus Lifesciences said they saw little or no impact on sales due to the Ukraine conflict.

Hindustan Unilever announces key changes to management committee

FMCG major Hindustan Unilever on Wednesday said it has appointed Madhusudhan Rao and Deepak Subramanian to its management committee. Rao has been appointed as Executive Director, Beauty & Wellbeing and Personal Care, while Subramanian has been named as Executive Director, Home Care. Rao takes over from Priya Nair, who will move into her new global role as Chief Marketing Officer for Beauty & Wellbeing. Similarly, Subramanian takes over from Prabha Narasimhan, who has decided to leave the company to pursue an external opportunity. Rao is currently Executive Vice President Home and Hygiene, Unilever. He joined HUL in 1991. On the other hand, Subramanian, currently Vice President Home Care, Southeast Asia / ANZ (SEAA) & Global Head, Fabric Enhancers, joined HUL in 1995 as a management trainee. "I am delighted to welcome Madhusudhan and Deepak to the HUL Management Committee. Madhusudhan has a successful track record in a variety of operational and strategic roles. He has ...

Volex acquires majority stake in inYantra Tech in $13-mn transaction

inYantra Technologies Pvt Ltd on Monday said UK-based integrated manufacturing-services and power products company Volex plc has acquired a majority stake in it in a transaction totalling $13 million

Women managers: India lags major regional peers, ESG scores risk impact

Other countries also have higher gender diversity on company boards, says BofA Securities report

Competitive overhang clouds Cummins India's medium-growth outlook

At the current price, the stock is trading at 30x its FY23 earnings estimates

Russia-Ukraine crisis: Indian firms brace for fresh round of price spike

In addition to rising oil prices and disruption in supplies, CEOs are worried how rising oil prices will impact their sales

50% of India leaders feel unsure about the future of work: Report

The future of work involves tapping into talent virtually in tier II and III cities on the one hand, and leveraging the gig economy on the other: PwC report

Russia-Ukraine crisis: India Inc braces for fallout, monitors situation

Russian President Vladimir Putin orders troops into eastern Ukraine

New CSR disclosure framework to enhance transparency: Govt official

In 2019-20 financial year, the CSR expenditure stood at Rs 24,864 crore; As per data available on the portal, the total CSR spending in the last two financial years is more than Rs 45,200 crore

Dealshare raises $45 mn from ADIA in Series E round at $1.7 bn valuation

Aims for $3 billion of gross revenue run rate and operational profitability in next 12 months

Zombie firms dampen effectiveness of monetary policy at margins: RBI study

These firms account for 10% of bank credit in India, shows the study

Margin pressures may cap upsides for Voltas; Dec quarter show mixed

After two dismal seasons, the sector is hoping for a recovery this year

Adani Enterprises posts attributable loss of Rs 12 crore in Q3

Firm says results not comparable with previous period due to consolidation of Mumbai Airport in which group acquired 97.97% stake in GVK Airport Developers, its subsidiaries and JVs in July 2021

Recently-listed Adani Wilmar posts Q3 net profit of Rs 211 crore

A joint venture between Adani Group of India and Wilmar Group of Singapore, AWL's consolidated revenues for the quarter stood at Rs 14,379 crore in the financial year 2021-22

Cleantech start-up Sistema.bio raises $15 million in Series B round

Financing will strengthen partnerships and distribution, carbon reduction activities, R&D efforts and overall operations in LATAM, Africa, and Asia-Pacific