Page 5 - Indian Companies

PM Modi lauds youth for taking India to world's top 3 in creating startups

Prime Minister Narendra Modi on Friday said that India's youth has taken the nation to the top-3 in the world in terms of creating startups.

TCS world's second most valuable IT brand, Infosys fastest growing: Report

Indian IT firms outpace US competitors in Brand Finance IT services ranking

Shoppers Stop settles nearly 5% higher on strong Dec quarter numbers

Shares of Shoppers Stop defied the broader market trend and settled for the day nearly five per cent higher on Friday after the retail chain posted strong earnings for the December 2021 quarter.

Over 2,250 startups added in 2021, raised $24.1 bn: Nasscom-Zinnov report

More than 2,250 startups were added in the year 2021, over 600 more than what was added in the previous year, a report by Nasscom and Zinnov said on Friday. The study titled 'Indian Tech Start-up Ecosystem: Year of The Titans' said with rising investor confidence, startups leveraging deep-tech, and tapping unexplored talent pool, the Indian tech startup base continues to witness steady growth. As per the report, startups raised USD 24.1 billion in 2021, a two-fold increase over pre-COVID levels. In comparison to 2020, there was a 3X increase in number of high-value deals (deals more than USD 100 million), demonstrating investor confidence with a pool of active angel investors of more than 2,400 and a readiness to take significant risks, it said. While the US remains the leading source of foreign direct investment in startups, worldwide involvement is also growing. About 50 per cent of the deals had at least one India-domiciled investor, it added. The report said the startup ecosys

Govt taking significant steps to boost startup ecosystem: Piyush Goyal

The government is taking significant steps such as resolving the angel tax issue, simplification of tax procedures, and self-certification, Commerce and Industry Minister Piyush Goyal said on Friday.

77% cos believe startups aiding employment scenario in India: Report

A survey has revealed that 77 per cent of respondents believe these new-age firms have a positive role in boosting the employment scenario in the country.

Saregama India's Q3 net profit increases 37.8% to Rs 43.54 crore

Music label Saregama India on Wednesday reported a 37.78 per cent increase in its consolidated net profit to Rs 43.54 crore for the third quarter ended in December 2021.

JSW Energy net profit jumps over two-fold to Rs 324 cr in Dec quarter

JSW Energy on Wednesday reported over two-fold jump in its consolidated net profit to Rs 324 crore in December 2021 quarter, mainly on the back of higher revenues.

TV18 Broadcast's net profit falls 17.4% to Rs 311.5 crore in Dec quarter

Media firm TV18 Broadcast Ltd on Tuesday reported a 17.4 per cent drop in its consolidated net profit to Rs 311.55 crore for the third quarter ended December 2021.

Fintech firm WeRize eyes $200 mn annualised revenue run rate by 2025

It has been able to gather more than billion data points over the last 2.5 years of its customers, which helps the company to design better and customise financial products.

Start-up Inc urges policy push, focus on smaller towns for sector's growth

Founders and investors laud move to celebrate National Start-up Day on January 16 - but say that more needs to be done to help sector

This decade is being called as 'techade' of India: PM Modi at startup meet

In an interaction with startups, Prime Minister Narendra Modi on Saturday said that this decade is being called as 'techade' of India

PHDCCI for removing customs duty on copper concentrate in Budget

PHDCCI on Friday said it has suggested to the government to remove customs duty on copper concentrate as the move would encourage domestic companies to manufacture value added products in India

PM Modi to interact with over 150 startups across sectors on Saturday

Prime Minister Narendra Modi will interact with more than 150 startups from various sectors, including agriculture and health, on Saturday via video conferencing. Startups from various sectors such as enterprise systems, space, industry 4.0, security, fintech, environment besides agriculture and health will be part of this interaction, the PMO said on Friday. More than 150 startups have been divided into six working groups based on themes including growing from roots, nudging the DNA, from local to global, technology of future, building champions in manufacturing, and sustainable development, it said in a release. Each group will make a presentation before Modi on the allotted theme in the interaction. The aim of the interaction is to understand how startups can contribute to national needs by driving innovation in the country, the release said. As part of Azadi ka Amrit Mahotsav, a week-long event, "Celebrating Innovation Ecosystem", is being hosted by DPIIT, Ministry of Commerce

Longest drought for overseas equity offerings since liberalisation

No overseas equity capital market issues have been seen in the last three years

Companies plan to increase CSR funding towards skill, education: Survey

A significant percentage of companies in India plan to increase their corporate social responsibility funding towards skilling and education in 2022, says a TeamLease EdTech survey.

Cutting corporate debt

Banks will struggle to grow in the coming quarters

Q3 preview: India Inc may see 100-120 bps margin compression, says report

The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report. Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue growth to Rs 9.1 lakh crore during the quarter ending December, the Crisil report said on Tuesday. Software major TCS will open the earnings season Wednesday. For the first time in as many as 12 quarters, corporate profitability as defined by the earnings before interest, taxes, depreciation and amortisation (Ebitda) margin, is likely to drop by 100-120 bps year-on-year and 70-100 bps sequentially in the December quarter, as 27/40 sectors with 300 companies tracked, excluding financial services, and oil & gas sectors, are likely to see their operating margin shrinking, the report said. According to the analysis, the margin fall will be led by software (230-250 bps fall due ..

Riding the storm: Meet Riyaaz Amlani, CEO, Impresario Handmade Restaurants

A voice of the restaurant industry, Amlani tells Pavan Lall that while the pandemic has been hard, it has also helped separate the wheat from the chaff

Colgate India meets distributors' body to sort out issue of price parity

Colgate India's meeting with distributors comes after the traditional channel stopped supplying its Colgate MaxFresh range of products in Maharashtra