Page 35 - Indian Companies

Kamath panel recommendations: 1,027 listed firms eligible for debt recast

These exclude banks, insurers, and NBFC

Covid-19 impact: MCA gives companies three more months to hold AGM for FY20

Companies are required to hold the AGM within six months of the end of a financial year

Indian firms did well against cyberattacks after chaos amid lockdown: EY

EY in its Global Integrity Report 2020 had found that cybercriminals, trying to exploit the fears and uncertainties around the virus, have stepped up phishing and ransomware attacks

Annapoorna Masalas eyes 5X top-line growth to Rs 200 cr in three years

Firm plans to expand its current product portfolio of 53 products and 101 stock-keeping units (SKUs) to over 80 products and 130 SKUs

Once nearly half, China's market capitalisation is now 5x India's

According to Bloomberg data, China's m-cap stood at just $407 billion in May 2006 - 45 per cent below India's m-cap of $745 billion

Why Premjis, Ambanis and Nadars beat non-family run companies

Family-owned businesses outdo peers in returns since 2006, suggests a Credit Suisse report

Covid-19: 1,700 mid-size companies need debt restructuring, says CRISIL

The average debt size of these companies in CRISIL's rated portfolio, excluding outliers, is around Rs 25-30 crore

A home on rent for your furniture storage amid Covid-19 pandemic

Self-storages spaces have seen a spurt in demand from professionals in big cities who have chosen to leave for their hometowns following the lockdown

Jaquar Group to start production at two new factories in October

The firm, which invested around Rs 200 crore in capex for the units, expects additional employment to range between 1,500 and 2,000 workers at full production

Fee discord stokes company-auditor divorces amid Covid-19 pandemic

So far this year, nearly 12 firms have reported resignations by their auditors due to disagreement over fees

Duroflex aims to become Rs 2,000 crore company in next five years

Sleep solutions provider Duroflex is expanding its sales network to northern and eastern regions as it looks to become a Rs 2,000 crore company in the next five years, a top company official said.

More employees being rated poorly as firms cut back on increments: Survey

Only four in 10 companies ready for give staff a pay hike, says Deloitte Touche Tohmatsu India

JSW Energy CFO Jyoti Kumar Agarwal resigns, to step down on Sept 15

The company said it will announce Agarwal's successor in due course

Nesco plans over Rs 2,000 cr investment on business expansion in 5-7 years

Diversified firm Nesco has said it is planning to invest over Rs 2,000 crore in the next five to seven years to foray into the hospitality segment as well as expand its existing IT space offerings and add new exhibition centres. The company, which is into real estate, exhibition centre, food and beverages (F&B) and engineering businesses, is also planning to set up a convention hall at its Nesco Centre in Goregaon in suburban Mumbai. "We are strategically expanding our business into newer segments to take advantage of the changing environment. While we will continue to add more exhibition halls, we are also planning to enter the hospitality segment by launching hotels for the convenience of the exhibitors and visitors," company's chairman Sumant Patel told PTI. The company, he said, will be investing Rs 2,000 crore over the next five-seven years for entering new verticals and expanding other businesses, which will be completely funded by its internal accruals. "Our current cash ...

Focused on sustaining operational performance in near-term: Jubilant Life

Drug firm Jubilant Life Sciences is focused on sustaining its operational and financial performance in the near-term in the current scenario

Explained: How brands are reaching out to shoppers in times of Covid-19

Go the extra mile by making calls, setting up mini stores; trend is here to stay, say experts

Flipkart sales have crossed pre-Covid-19 levels, says Walmart CEO

McMillon said that he is pleased with how the teams at Flipkart managed the Covid-19 environment in a really effective way

Covid impact: VRL Logistics, India's biggest trucker, to scrap 15% of fleet

The operator of about 5,000 vehicles, including tankers, cranes and buses, has identified some 700 low capacity trucks for possible scrappage

Courier SMEs' cup of woe spills over, shows CRISIL SME Tracker

CRISIL Research expects their revenue to decline 30-35 per cent in FY 2021

Cash-hungry Indian companies are selling shares at record pace

Companies are seeking to prepare themselves for what's forecasted to be the economy's first contraction in four decades