Page 173 - Companies
Google tax 'very clear', no need for FAQs: Finance secretary A B Pandey
Finance Secretary Ajay Bhushan Pandey said FAQs are issued where you have to explain to somebody who is not familiar with tax laws and there you try to explain in simple words.
 "Google tax 'very clear', no need for FAQs: Finance secretary A B Pandey")
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.
 "HR dept has its work cut out as companies manage layoffs, work from home")
Govt should spend on profitable firms to boost economy: Raghuram Rajan
Speaking at NCAER's India Policy Forum 2020, Rajan said in the pandemic, unlike normal recession, there is enormous amount of destruction
 "Govt should spend on profitable firms to boost economy: Raghuram Rajan")
Covid-19 bringing $1 trn of new global corporate debt in 2020: Report
The unprecedented increase will see total global corporate debt jump by 12% to around $9.3 trillion
 "Covid-19 bringing $1 trn of new global corporate debt in 2020: Report")
Sandip Ghose steps down as COO Birla Corporation after five-year stint
He will continue to be with the company for a few months to help with the transition.
 "Sandip Ghose steps down as COO Birla Corporation after five-year stint")
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
 "Majority companies report 5% revenue de-growth in Q4FY20: SBI Ecowrap")
India's power companies face cash crunch after PFC rating cut to junk
Electricity projects, already reeling under precarious finances, could see borrowing costs soar if Power Finance isn't able to access the dollar bond market or raises funds overseas
 "India's power companies face cash crunch after PFC rating cut to junk")
Over 16,000 new firms registered since lockdown, 3,200 in April alone
While the numbers have dropped by over a half compared to last year, experts still consider this positive news given the economic climate around the world
 "Over 16,000 new firms registered since lockdown, 3,200 in April alone")
Embassy Office Parks Corporate Connect program provides sanitizers to 9,20,000 students
Embassy Office Parks Corporate Connect program provides sanitizers to 9,20,000 students
 "Embassy Office Parks Corporate Connect program provides sanitizers to 9,20,000 students")
India's most admirable brands: The brands that have moved beyond marketing
India's most admirable brands: The brands that have moved beyond marketing
 "India's most admirable brands: The brands that have moved beyond marketing")
SC verdict today on MHA's order to pay full wages to staff amid lockdown
Earlier, the Supreme Court observed that some negotiations have to happen between employers and workers to iron out what has to be done for the salary for these 54 days
 "SC verdict today on MHA's order to pay full wages to staff amid lockdown")
IBC suspension during Covid-19 will give firms breathing space: Experts
As per the Ordinance, the corporate insolvency resolution process cannot be initiated against a company under the IBC for defaults arising on or after March 25, 2020, for a period of six months
 "IBC suspension during Covid-19 will give firms breathing space: Experts")
President approves ordinance to suspend IBC, offer 6-month relief to firms
Reprieve can be extended up to a year via govt notification; default committed before March 25 not to enjoy benefit
 "President approves ordinance to suspend IBC, offer 6-month relief to firms")
Covid-19 to accelerate adoption of automation technologies, says Nasscom
The report cited sewing machine operators, graders and sorters of agricultural products as examples of completely automatable occupations
 "Covid-19 to accelerate adoption of automation technologies, says Nasscom")
Covid-19 crisis threatens to wipe out gains from corporation tax cut
The tax cut in September last year had resulted in a 10% increase in the post-tax profits of index companies
 "Covid-19 crisis threatens to wipe out gains from corporation tax cut")
Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs
The proposed investment will be towards company's proposed brownfield expansion at company's Oragadam facility near Chennai
 "Tamil Nadu signs MoUs worth over Rs 15,000 crore to generate 47,000 jobs")
Street signs: More companies could delist, RIL's rights issue, and more
Delisting of companies could gain traction with some promoters eyeing to wrestle full control, taking advantage of the drop in share prices triggered by the Covid-19 pandemic
 "Street signs: More companies could delist, RIL's rights issue, and more")
UP hand sanitiser capacity at 300,000 litres/day, firms seek export permit
Earlier this month, the Centre banned export of alcohol-based hand sanitisers
 "UP hand sanitiser capacity at 300,000 litres/day, firms seek export permit")
IFC plans to invest $10 million each in Endiya Partners, Onsitego
In Endiya Partners Fund II, the World Bank's investment arm will invest an equity investment of upto $10 million.
 "IFC plans to invest $10 million each in Endiya Partners, Onsitego")
Over 150 global firms urge govts to align Covid aid with climate science
The statement comes as governments around the world are preparing trillions of dollars worth of stimulus packages to help economies recover from the impacts of the coronavirus
 "Over 150 global firms urge govts to align Covid aid with climate science")