Page 36 - Indian Companies

Covid-19 impact: Earnings of Nifty50 firms slump to over 6-year low

Experts say recovery will be faster than that after the 2008 Lehman crisis

Tata Steel sinks into red, logs loss of Rs 3,337 crore in June quarter

Revenue from India operations stood at Rs9,145 crore, down 42 per cent from same period last year.

Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis

In its earnings statement, the company specifies cost rationalisation, demand creation, working capital management and innovation, among others, as key focus areas

Unlock BFSI 2.0: Rural India revival difficult to sustain, say economists

It is a misconception that all of rural India is doing well amid the outbreak of Covid-19, said Pronab Sen

Covid-19 impact: Edtech firm Byju's nears $1-billion revenue milestone

In FY20, the company posted a revenue of Rs 2,800 crore ($370 million), a 100 per cent growth over the previous fiscal.

Cummins India reports 65% decline in consolidated PAT at Rs 53 cr in Q1

The company had posted a PAT of Rs 152.56 crore in the same period last fiscal, Cummins India Ltd said in a regulatory filing

Titan: Investors advised to wait until more clarity emerges on recovery

Titan reported a 62.3 per cent year-on-year decline in revenue in Q1 at Rs 1,862 crore

India plugged: Work from home drives laptop sales amid Covid-19 lockdown

From market leader HP and premium player Apple to China's Lenovo and Asus, all major brands in the market are witnessing rapid surge in the demand for notebooks

Signs of gradual recovery visible across different sectors in July

Retail sales of passenger vehicles and two-wheelers have touched almost 85% and 60% of pre-Covid levels, from a situation of zero sales in April

Confidence of professionals on steady rise as lockdown eases: Survey

The LinkedIn Workforce Confidence Index shows that India's overall confidence is on a steady rise, with a composite score of 53, up from 50 in the June 15-28 survey

Corporate Affairs Min releases report on business responsibility reporting

A panel on Business Responsibility Reporting (BRR) has proposed a new reporting framework for companies to better reflect the intent and scope of reporting on non-financial parameters. The report was released on Tuesday. "In its report, the committee recommended a new reporting framework called as 'Business Responsibility and Sustainability Report (BRSR)' to better reflect the intent and scope of reporting on non-financial parameters," an official release said. Further, the panel has recommended two formats for disclosures. "The committee also recommended that the BRSR be integrated with the MCA 21 portal. As a long-term measure, the committee envisions that the information captured through BRSR filings be used to develop a Business Responsibility-Sustainability Index for companies," the release said. Filings under the Companies Act are submitted to the corporate affairs ministry through the portal. As per the release, Corporate Affairs Secretary Rajesh Verma appreciated the effo

Covid-19: Capital goods firms experiment with contracts, chase payments

Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm

Rs 3 trn loans to retail, small firms most stressed due to Covid-19: Report

It estimated the debt at risk loans at risk of slipping into NPAs this fiscal unless restructured by banks at a "sizeable" Rs 3 trillion

Akzo Nobel India reports Q1 net loss of Rs 20 cr as Covid-19 hits demand

The company had posted a net profit of Rs 57.14 crore during the April-June quarter of the previous fiscal, Akzo Nobel said in a regulatory filing.

HR steps in to ease work from home pressure amid Covid-19 pandemic

"A lot of this is desired but on many occasions fails in implementation. We find policies aplenty, but putting them into action is less common," says Anandorup Ghose, partner, Deloitte India

M&As to pick up once moratorium ends, loan recast takes off, say bankers

Several airlines, hotels, travel firms are likely to move their applications for one-time restructuring once moratorium ends. These companies will look at selling assets of stakes

Lessons from Covid-19: I was the mom of the house, says Rustomjee Group CMD

"In the weeks ahead, I will perhaps go to office twice a week instead of every day for half a day, as I used to before the lockdown," he said

Debt-recast scheme: CEOs want simpler and corporate friendly norms

CEOs say scheme should also be offered to companies that fell into crisis before Covid

Business Confidence Index falls 40% in June quarter: NCAER survey

It fell 62 per cent in the June 2020 quarter on a year-on-year (y-o-y) basis, according to a survey by the National Council of Applied Economic Research (NCAER)

Companies raise Rs 1.55 trn via BSE bond platform in FY21 so far

During 2019-20, the platform was used by 116 issuers for garnering over Rs 4.33 trillion from commercial papers, and by 121 issuers for raising Rs 3.36 trillion via bonds