Page 8 - Amritha Pillay

New skilling scheme laudable, but needs clarity, say India Inc leaders

Officials of construction and engineering major, L&T, which has in the past complained about skilled labour shortage, said if India needs to grow, one of its positives has to be its population

Royalty is not tax: Supreme Court allows states to levy minerals cess

Cites fiscal federalism to highlight power of states to tax

Budget 2024: India Inc awaits consumer demand uptick to go on capex spree

CEOs expect govt capex of Rs 11.11 trillion to boost demand

L&T Q1FY25 results: Net profit rises 11.7% to Rs 2,786 cr on higher revenue

The company beat street estimates as in a Bloomberg poll, 13 analysts estimated revenue of Rs 53,600 crore and seven analysts estimated a net income adjusted of Rs 2,639 crore

Tax a fundamental issue: L&T CFO Raman on retaining labour in India

"The biggest differentiator is the tax-free income there versus growing tax here," said R Shankar Raman, chief financial officer and whole-time director for L&T

GVK Power in insolvency, but GVK group continues interests in other sectors

As the entity now awaits a new buyer under the insolvency process, concerns arise about what remains of the group and the listed entity

Union Budget 2024: India scraps customs duty on 25 critical minerals

The finance minister added, "I propose to fully exempt customs duties on 25 critical minerals and reduce BCD on two of them"

Eco Survey on cap goods: Potential expansions in industrial capacities seen

The report also anticipated the UAE could become a hub for sourcing India's capital goods and intermediates for further value-added exports to other African and European destinations

Reliance Industries, BPCL hope to improve refining biz after muted Q1

BPCL also expects the government to compensate liquefied petroleum gas (LPG) under-recoveries in the coming months

RIL Q1 net profit drops 5.5% on weak showing by oil-to-chemicals biz

Misses Q1 earnings estimates despite gains in consumer, upstream segments

Dip in sales realisation mutes UltraTech net profit at Rs 1,696 crore

Profit before interest, depreciation and tax, the company said, was at Rs 3,205 crore compared to Rs 3223 crore a year ago

Dalmia Bharat Q1FY25 results: Net profit rises 8% to Rs 141 crore

Earnings before interest, taxation, depreciation and amortisation (Ebitda), the company said, increased 9.2 per cent to Rs 669 crore.

Debt, cashflow from biz to fund Tata Power capex: N Chandrasekaran

Chandrasekaran said, the company has expanded into so many different areas now, each of these areas focusing on growth and cash flow generation

Tata Power steps up efforts to rejig debt, working capital measures

As of March 2024, Tata Power's consolidated debt stood at Rs 49,480 crore

RIL Q1 preview: Net may see sequential dip, modest growth likely in Ebitda

RIL's telecom division, Reliance Jio, took a tariff hike, effective this month. This, along with the anticipated commissioning of RIL new energy-related giga factories, is expected to remain in focus

As bridges collapse; tendering, design and climate resilience questioned

Road ministry officials say central bridge projects perform better than state ones due to stricter checks and balances

Vedanta demerger plan awaits NCLT's green light, says Anil Agarwal

Vedanta announced it will demerge into six different, listed entities - Vedanta Aluminium, Vedanta Oil and Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd

L&T bags Rs 10-15K cr order to build two solar plants in West Asia

Proposed plants will have a cumulative capacity of 3.5 GW, the Indian engineering giant said. The work on the projects will commence soon

Results preview: Capital goods cos may see rise in profit, dip in orders

Order inflows expected to have declined in June quarter due to LS elections

JSW Energy looks to advance Rs 1.15 trillion capex by a few years

Plans to make Rs 15K crore capital expenditure in FY25