Page 2 - Corporate Growth

Highest ever tally: Over 141K firms incorporated in FY24 so far, shows data

Official sources said that this was indicative of increased economic activity in the country

67% of ongoing corporate insolvency resolution cases cross 270-day timeline

Although IBC leaves little room for interference, objections by erstwhile promoters or the suspended board of corporate debtor, competing resolution applicants, and dissatisfied creditors are many

Global corporate landscape 2023: Mergers, closures, and leadership shifts

From acquisitions & mergers to resignations 2023 has been a year of significant milestones in the global corporate world. Here is a recap on all the major event that unfolded in 2023

India inc CEOs expect higher capital expenditure, value-added exports

Top executives from leading companies in the power and steel sector - JSW Steel and NTPC, also indicated a strong capex cycle is likely to continue

Inflows from PE, VC funds to domestic companies plunge to $27.9 bn in 2023

Investments from private equity and venture capital funds into domestic companies declined about 40 per cent to USD 27.9 billion so far this year, while the outflow increased marginally to USD 19.34 billion year-on-year. According to the numbers collated by Venture Intelligence that tracks private capital and debt flows, and industry body IVCA, investments by private equity and venture capital funds as of December 20, 2023, fell to a low of USD 27.9 billion across 697 transactions, as against USD 47.62 billion inflows in 2022 across 1,364 deals. The year also saw more money being pulled out from the country by private equity players with overall exits touching USD 19.34 billion from 248 companies as against 233 exists worth USD 18.45 billion in 2022, according to the data. Industry watchers, however, said green shoots of more funding is very much visible in the coming year. The funding slowdown this year is a temporary adjustment, and as we move forward, we expect renewed and robus

Green shoots visible in corporate lending: Kotak Mahindra Bank director

The government focus on infrastructure development in the last three years has created space for capital expenditure by the private sector as well

Himachal to charge 8% stamp duty on corp mergers, separations: Minister

The Himachal Pradesh government will fix the rates of sand and gravel and will also charge a stamp duty of 8 per cent on merger of companies or separation of partners of companies, according to an amendment bill passed by the Assembly. The government will also charge 6 per cent stamp duty on the lease amount on the auction of mining leases. These steps are aimed at raising the resources, said state Revenue Minister Jagat Singh Negi, who introduced the Indian Stamp (Himachal Pradesh second amendment) bill 2023 in the House on Friday. After discussion on the last day of the winter session, the amendment bill was passed by voice vote. In response to the discussion on this bill, Negi said that industrial companies merge with each other and the government does not get anything in return. No stamp duty is levied on them, which causes loss to the government. In such a situation, the government is making a provision to impose an 8 per cent stamp on these companies so that resources can be

NPS added 19% fewer fresh corporate subscribers in first half of FY24

Experts blame the fall on higher exemption limit for Rs 7-5 lakh IT bracket

At Rs 3 trillion, corporate guarantees highest in 4 years but far from peak

Despite this steep rise, total outstanding corporate guarantees are still 28 per cent lower than the record high of Rs 4.23 trillion at the end of FY14

RBI's prolonged pause on repo rate favourable for corporate sector: Experts

The RBI expectedly left its key lending rates unchanged for the fifth consecutive time and predicted faster growth in the world's fastest-growing major economy

Corporate bond market set to double by FY2030 at Rs 100 trn: Report

Market expected to finance one-sixth of envisaged capex in infrastructure, corporate sectors

TIPS for Effective Marketing Management

India's top Marketing Guru and Brand Advisor, Ambi Parmeswaran provides you with some amazing tips to succeed in the corporate world. >

FY24 earnings makeover: IndianOil to MRF, companies rewrite profit playbook

Q2 of 2023-24 saw a profit metamorphosis as standout firms marked the biggest earnings upgrades

India Inc capital expenditure growth enters slow lane in first half of FY24

This follows the sharp deceleration in revenue growth

Cumulatively ravaging effects of inequality

The drumbeats of corporate inequality are being heard in many ways - from compensation differentials and working hours to work-from-home and gender pay parity

Sebi eases norms for borrowing for large corporates through debt securities

Capital markets regulator Sebi on Thursday relaxed norms for borrowings through the issuance of debt securities large corporates to meet their financing needs. Under the rule, entities qualified as large corporates are required to meet 25 per cent mandatory borrowing from bonds. Large corporates are those that have an outstanding long-term borrowing of at least Rs 100 crore with a credit rating of 'AA and above' and have their debt securities listed on a stock exchange. Under the new framework, Sebi has introduced incentives for large corporates in case of surplus in the requisite borrowings and moderated disincentives if they fail to raise at least 25 per cent of their incremental borrowings through debt securities. In case of shortfall or surplus by way of issuance of debt securities, additional or lower contributions, respectively, to the core Settlement Guarantee Fund (SGF) of the Limited Purpose Clearing Corporation (LPCC) needs to be made by the LC, according to the ...

IIM Lucknow bucks the job market trend, logs 100% summer offers

IIM Lucknow students secured 576 offers in diverse corporate roles

ICSI CS result: CS professional result announced, Executive result awaited

ICSI has released the CS Executive result today at 11 am. The Professional examination result will be out today at 2 pm. Here's how to check and download your CS examination results 2023

$5 bn sustainability loans can be linked with target: BofA's Subramaniam

Bengaluru is worst-affected city, even as it continues to top start-up fundraising

Corporate NPS subscriber addition grew 31% in FY23, shows NSO data

Central, state govt segments added fewer new subscribers than a year earlier