Page 38 - Indian Companies

RIL's pre-tax profit dips 40% as Covid-19 hits energy, retail businesses

Net profit surges 31%, boosted by exceptional gain of Rs 4,966 crore from BP transaction

Innovating in pandemic, around a third of companies will have new products

Nearly half of companies surveyed were evaluating acquisitions, says PwC India report

Quess Corp expects hiring to pick up on festive demand, unlocking

In the June quarter, the Fairfax-backed company, which derives close to 80 per cent of its revenues from general staffing business, had witnessed a 13 per cent dip in headcount over Q1

Unlock 3: Night curfew ends, no schools till August 31, gyms can reopen

The government ignored demands by cinema hall owners for reopening. Theatres, bars, and places of congregation will also remain shut

Sebi extends deadline to file Q1 numbers for Indian firms by a month

News date set at Sept 15; Sebi has also extended compliance deadline for submission of annual system audit and redressal of investor grievances

Indian cos lost Rs 14 cr on average to data breaches in Aug 19- Apr 20: IBM

Data breaches cost organisations in India about Rs 14 crore on an average between August 2019 and April 2020

Titan eyes expansion in international watches' range with new launches

The international portfolio currently generates around 10 per cent of the revenue in the watches division for the Bengaluru-headquartered company

Hit by Covid-19, ITC's profit before tax dips 34% to Rs 3,435 crore

Revenues from operations fell 17.21 per cent to Rs 10,478.46 crore. Profit after tax was down by 25.5 per cent to Rs 2,562.73 crore

Covid-19 crisis: Ratan Tata says layoffs show India Inc's lack of empathy

While Tata Group has not laid off any employee, several Indian companies have retrenched staff due to lack of cash flow after the nationwide lockdown

Q1 early-bird results better than expected; IT, financial services do well

However, analysts expect the numbers to deteriorate as more companies announce their results

Decline in order inflow at L&T does not augur well for capital goods sector

Even though it was better than what analysts had expected, it still paints a bleak picture.

Layoffs during pandemic shows India Inc's lack of empathy: Ratan Tata

Several Tata Group companies, including its airlines, hotels, financial services, and auto business, are severely hit, but have not laid off employees to date

Promoters of loan defaulting companies to soon face crackdown by lenders

With apex court's backing, banks to speed up enforcing personal guarantees

Total registered firms top 2 million at June-end; over 740,000 closed: Govt

The latest data from the corporate affairs ministry also showed that there were little over 1,215,000 active companies as on June 30.

Galwan Valley face-off: Indian tech firms shun China, switch to US camp

In April, the Centre had changed foreign direct investment norms and introduced a pre-clearance mechanism on investments from China

HR dept has its work cut out as companies manage layoffs, work from home

Inducting new employees virtually and deciding about earned leave: HR managers have lots of decisions to make.

Reimagining CSR

For long it was considered that a company is collective of shareholders and, therefore, the best interest of shareholders is the best interest of the company

Fewer takers for smaller companies' shares amid the Covid-19 crisis

A total of 423 stocks declared illiquid in June quarter, up from 340 a year ago and and 223 in June 2018

Letter to BS: Firms should focus more on customer satisfaction than profits

In spite of the Consumer Protection Act, 2019, the consumer's awareness about the quality of product or service remains low.

Covid-19 scare: Deaths at work raise questions over compensation

Without laws specific to the pandemic, compensation is left to the discretion of companies