Page 174 - Companies

Nifty FY22 EPS set to surge between 10% and 30% despite economic shock

The brokerage highlights how the share of Nifty companies' profit in GDP and GVA (gross added value) has been meagre and falling. From a share of 2.8 per cent of GDP, it is now at 2 per cent

Great social divide: A new normal post Covid-19

Economic and social activities will come out from slumber in the coming weeks

No fresh insolvency to be initiated for 1 year under IBC: FM Sitharaman

Minimum threshold to initiative insolvency proceeding has been raised to Rs 1 crore from Rs 100,000 to benefit MSMEs

German footwear brand Von Wellx shifts production from China to India

Production will now happen at Agra in collaboration with Iatric Industries; German brand is sold in 80 countries and has over 100 mn customers worldwide

Trump threatens new taxes on companies that make goods outside US

Trump said in a Fox Business Network interview that taxation was an "incentive" for companies to return manufacturing to the United States

Tamil Nadu plans to give relocation incentives for firms moving to state

Tamil Nadu houses over 620 Japanese companies, making it the home for the second largest number of Japanese companies operating in India

Eight of 10 most-valued Indian companies lose Rs 2.50 trillion in m-cap

Reliance Industries and Bharti Airtel managed to close the trading week with gains

Gujarat eases labour laws, offers land to firms shifting base from China

The state government also offered land and infrastructure for companies and projects that were looking to shift base from China to other destinations

Cloud over online AGM for banks as they don't fall under Companies Act

MCA notification doesn't include banks as they are governed by separate Act; sources say separate guidelines may have to be issued for them

Harsh V Lodha reappointed as director in two MP Birla Group firms

He is now entitled to a 0.75% share in Birla Corp and Birla Cable profits; his profit-related commission can now exceed 50% of total remuneration of all non-exec directors of Vindhya Telelinks

India offers land twice Luxembourg's size to companies leaving China

Land has been one of the biggest impediments for companies looking to invest in India, with the plans of Saudi Aramco to Posco frustrated by delays in acquisition

Lockdown 3.0: Work from home to continue as firms postpone opening

The government has allowed private offices to function with 33 per cent of staff even in red zones, most of which are major cities

Govt relaxes workplace norms for firms allowed to operate during lockdown

Firms to earmark quarantine facilities and ensure all employees download the government's contact tracing mobile application

India Inc gets IBC breather for six months amid coronavirus outbreak

Section 7 of the Code enables financial creditors to start insolvency proceedings against a company, while section 9 gives these powers to an operational creditor

Challenging time for board of directors amid coronavirus outbreak

The board should immediately address the issue of succession for the CEO and other critical positions to ensure a seamless continuation of each critical function

Govt guidelines on resuming work may come as a burden to companies: Experts

Rules on sanitisation, social distancing and other aspects could bump up operational costs for companies

Explained: Why companies are facing crisis of confidence in leadership

The survey shows that the levels of worriedness are almost the same for respondents in Asia, Europe, and marginally higher in America.

Coronavirus outbreak: Cash-rich companies find favour in testing times

Healthy net cash position acts as an insurance against the demand downcycle

Covid-19: Contribution by firms to PM-CARES Fund to qualify as CSR spending

The corporate affairs ministry, which is implementing the companies law, has issued a memorandum clarifying that money donated by corporates to the fund would be considered as CSR expenditure

CoSara bags licence to make Covid-19 test kits, says will price it low

The company now plans to send sample batches to National Institute of Virology, Pune, for validation