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Sales of listed private non-financial companies registered a 7.1 per cent growth during January-March quarter of 2024-25 as compared to 8 per cent of expansion in the previous quarter and 6.9 per cent during the year, according to RBI data released on Thursday. The Reserve Bank released data on the performance of the private corporate sector during the fourth quarter of 2024-25, drawn from abridged quarterly financial results of 2,936 listed non-government non-financial companies. Aggregate sales growth (y-o-y) of 1,659 listed private manufacturing companies moderated to 6.6 per cent during Q4:2024-25 from 7.7 per cent during the previous quarter. RBI said that even as major industries such as electrical machinery, chemicals, food products and pharmaceuticals industries recorded a double-digit sales growth, weak performance of petroleum industry pulled down the sector's sales growth. Annually, sales growth of IT companies improved further to 8.6 per cent in Q4 from 6.8 per cent in
More than 28 lakh companies are registered in the country and only 65 per cent of them or little over 18.1 lakh companies are active, according to official data. Among those registered under the Companies Act, 2013, just 5,216 are foreign companies and out of those, 63 per cent or 3,281 entities were active at the end of January. Latest data from the corporate affairs ministry also showed that a total of 16,781 companies were registered with a collective paid up capital of Rs 816.14 crore last month. "A total number of 28,05,354 companies were registered in the country as on 31st January, 2025, of which 65 per cent (18,17,222) companies stand active. There is an increase of 0.14 per cent in the total proportion of active companies with respect to registered companies when compared to December 2024," the ministry said in its latest monthly information bulletin. As many as 9,49,934 companies have been shuttered. In terms of sectors, the maximum number of active companies were in ...
The Karnataka cabinet has approved a bill mandating 100 per cent reservation for Kannadigas in private firms for Group C and Group D posts, Chief Minister Siddaramaiah said on Tuesday. The CM said the decision was taken in the cabinet meeting held on Monday. "The Cabinet meeting held yesterday approved a bill to make recruitment of 100 per cent Kannadigas mandatory for 'C and D' grade posts in all private industries in the state," Siddaramaiah said in a post on social media platform X. He said it was his government's wish that Kannadigas be given an opportunity to lead a comfortable life in their state and not be deprived of jobs in 'Kannada land'. "We are a pro-Kannada government. Our priority is to look after the welfare of Kannadigas," the chief minister said. According to sources in the law department, the bill will be tabled on Thursday in the assembly.
JTL Industries Ltd said its board has approved an investment proposal of Rs 1,200 crore in company's arm JTL Tubes Ltd to set up a project in Maharashtra. The investment will be funded partly from the internal accruals and partly from proceeds of a proposed issue, the steel pipes maker said on Monday. The company's board of directors has approved "issue of securities by way of qualified institutions placement (QIP) for aggregate amount not exceeding Rs 500 crore in one or more tranches, including green shoe option," the filing said. The board also approved a proposal to invest up to an aggregate sum of Rs 1,200 crore in wholly-owned subsidiary JTL Tubes Limited to set up a mega project in Maharashtra, an exchange filing said. JTL Industries Ltd (formerly known as JTL Infra Ltd) is the largest producer of electric resistance welded (ERW) steel pipes in India, with a capacity to produce more than 6 lakh metric tonnes per annum.