Page 39 - Indian Companies

If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen

Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the lockdown was being lifted.

Covid-19 crisis: Strategy change spurred business revival, says InMobi

However, the home-grown mobile marketing and advertising software firm will have to wait for at least six months to achieve $1 billion in revenue, said Founder and CEO Naveen Tewari

Double-digit decline for PepsiCo's India revenue amid Covid-19 crisis

The firm's sales of snacks and beverages during the period was hit as lockdowns kept sporting events off ground and hotels, malls, restaurants, and multiplexes shut to contain the spread of Covid-19.

Indian industry welcomes UK govt's post-Brexit immigration regime

The ongoing Brexit transition period concludes at the end of December this year, when the UK will no longer be part of the European Union (EU) free movement of people rules

Tata Consultancy Services lifts curb on lateral hiring amid Covid-19 crisis

The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.

Default risk for Indian companies drops at fastest pace in decade

The cost to insure against nonpayment by a basket of Indian companies, including Reliance Industries and State Bank of India, dropped by 252 basis points in May and June combined

Over half of Indian firms 'vulnerable' on wage payments, says Crisil

Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.

Companies, e-comm firms need to show 'country of origin' on products: Govt

The provision of declaration of 'country of origin' has been in place since January 2018 for all manufacturers, importers, packers and e-commerce players

Majority companies report 5% revenue de-growth in Q4FY20: SBI Ecowrap

The report pointed out that sectors also suffered from around 30% dip in operating profit as well as bottom line

Covid-19 impact: Six of the top 10 family-owned businesses in the red

Leading business houses report pre-tax loss of Rs 19,342 crore in Q4

JSW group will bring down China imports to zero in 2 years: Parth Jindal

While the firm's defence division does not import from China, its other businesses source products from that country.

Chinese app ban to create funding hurdle for Indian unicorns and soonicorns

Experts foresee major impact on new investments by Chinese players in companies such as Paytm, Ola, BigBasket, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding

Riding out the Covid-19 crisis: Auto shows pick-up signs in rural India

Maruti Suzuki India, the country's largest carmaker, on Wednesday reported a 53.8 per cent year-on-year decline in domestic passenger vehicle sales to 51,274 units in June due to Covid-19 crisis

Display of country of origin on products sold online: HC seeks govt's stand

A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Centre and e-commerce platforms Amazon, Flipkart and Snapdeal seeking their stand on the plea by July 22.

India's electricity output signals recovery in June, shows govt data

June power generation fell 9.9%, a Reuters analysis of daily load despatch data from federal grid operator POSOCO showed, compared with a 14.3% decline in May.

FinMin told to levy tax on imported goods to boost local products: Pradhan

The proposed Border Adjustment Tax would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.

Q4 a red quarter for most of India Inc despite just seven days of lockdown

Except for finance and software players, companies report a combined loss of Rs 2,700 crore in Q4, the first in at least 24 quarters

Covid-19 impact: Reliance Brands pushes direct sales to boost business

Through a blend of online events, video-guided tours and parties, and digital catalogues called "flipbooks", the company's sales have awakened after the easing of the lockdown.

As unemployment and hunger strike, migrant workers start the return journey

Several companies in the manufacturing, industrial goods and real estate sector have even chartered aircraft to bring back their skilled and semi-skilled employees

Industry fears supply chain disruption amid curbs on Chinese imports

Global companies that manufacture here say the move will impact their supply chain and force them to halt production.