Page 2 - Corporate

Booze breaks & hangover leave: Japan's IT firm is redefining work culture

Trust Ring Co, an Osaka-based IT company, believes that a little fun can go a long way in keeping employees happy

Over 17,600 companies shuttered, 138k registered in FY25, shows govt data

As many as 17,654 companies have been closed down till January 26 in the current financial year and a total of 1,38,027 firms were registered during the same period, according to official data. The data was shared by Minister of State for Corporate Affairs Harsh Malhotra to the Rajya Sabha as part of a written reply on Tuesday. As per the data, 17,654 companies have been shuttered in the current financial year till January 26. The figure includes companies that have been amalgamated, converted into LLPs, liquidated/dissolved and struck off from the official records. The count of shuttered companies stood at 22,044 and 84,801 in 2023-24 and 2022-23, respectively. The data was furnished in response to questions by YSRCP Rajya Sabha member Parimal Nathwani. Companies are registered in the country under the Companies Act, which is implemented by the corporate affairs ministry. The ministry also implements the Limited Liability Partnership (LLP) Act. Till January 26 of the current fi

India Inc may see modest revenue, earnings growth recovery in Q3FY25

According to estimates by various brokerages, the combined net profit of the Nifty 50 companies could grow 7.9 per cent year-on-year

India Inc thrived, witnessed robust growth in 10 yrs of Manmohan Singh govt

The last five-years however has been the best for corporate India in terms of net profit growth thanks to margins expansion and gains from a cut in corporate tax in September 2019

Corporate India note strongest hiring outlook globally for Jan-Mar: Survey

Employers in India reported the strongest employment outlook for the January-March period next year, with 40 per cent corporates aiming to increase their staffing levels over the next three months, the latest ManpowerGroup Employment Outlook Survey said on Tuesday. The survey, which gathered data from more than 3,000 employers across various regions of India, revealed that 53 per cent of employers plan to hire, while 13 per cent anticipate a decrease in their staffing levels in the the first quarter of the 2025 calendar year and 31 per cent do not expect any change. The net employment outlook (NEO) -- calculated by subtracting the percentage of employers who anticipate reductions in staffing levels from those who plan to hire -- after seasonal adjustment stood at 40 per cent, strengthened 3 percentage points from both last quarter and year-on-year. "India remains one of the world's fastest-growing large economies, with its position as the global leader in employment outlook for Q1 .

Investors pump over Rs 11K crore in corporate bond funds in 3 months

Experts cite better risk-reward for investors with 3-year horizon

Q2 results review: Corporate earnings decline, a first in two years

Net sales growth weakest in a year, too; BFSI sector emerges an outlier

Corporate India expected to maintain 9.5% salary increase in 2025: Survey

Corporate India is expected to offer a salary hike of 9.5 per cent in 2025, similar to the 2024 actual salary increase, as companies are balancing optimism with caution, a report said on Tuesday. According to WTW's latest Salary Budget Planning Report, the median salary increase in India is forecasted to rise by 9.5 per cent in 2025, similar to the 2024 actual salary increase of 9.5 per cent. Salary increases in India continue to be the highest across the region. Markets such as Vietnam (7.6 per cent), Indonesia (6.5 per cent), the Philippines (5.6 per cent), China (5 per cent) and Thailand (5 per cent) are also projected to maintain a strong salary increase for next year. The Salary Budget Planning Report is compiled by WTW's Rewards Data Intelligence practice. The survey was conducted in April and June 2024. Approximately 32,000 responses were received from companies across 168 countries worldwide. The survey had 709 participants from India. "While companies in India are optimist

Amazon Business reports over 134% growth on Corporate Gifting Store

Products such as mixer grinders, juicers, thermal drinkware, headphones, chocolates and dry fruits were among the most corporate gifting items on the e-commerce firm's business-to-business marketplace

Nearly 50,000 internship opportunities posted on portal: MCA officials

The Ministry of Corporate Affairs would make the portal open for candidates to apply from October 12th to October 25th

Going beyond work life balance

Explore a fresh take on work-life balance with Mr. Ravichandran Venkataraman, as he shares insights on timeless business values and holistic wellness.

Women's corporate gains slow, true leadership parity decades away: Report

While companies have improved hiring practices and support for employees balancing work and home, advancement rates for women, especially women of colour, continue to lag behind

Suzlon Energy sells corporate HQ in Rs 440 crore sale-leaseback deal

Company says move to help focus on core operations

Working capital cycle shortest in 25 years at 47.8 days, shows data

If the current trend holds, this would mark the shortest net working capital cycle in at least a quarter-century

Starbucks CEO to travel 1,600 kms to work by corporate jet

Starbucks’ incoming CEO, Brian Niccol, will commute nearly 1,600 kms to work in Seattle from his home in California. Watch the video to know more.

magicpin Co-founder Brij Bhushan joins Prime Ventures as full-time partner

Hyperlocal e-commerce firm magicpin Co-Founder and former chief operating officer Brij Bhushan has joined Prime Venture Partners as a full-time partner, the early-stage venture capital firm said on Friday. In this role, Bhushan will be a key member of the Investment team and will contribute to all aspects of the firm's investment, portfolio management and fundraising, Prime VP said in a statement. "Brij Bhushan brings a unique combination of strategic thinking, execution excellence, and a long-term mindset essential for company building. We believe he is a perfect addition to our leadership team," Prime Venture Partners (Prime VP), Managing Partner, Amit Somani said. Bhushan co-founded magicpin where he was instrumental in magicpin's growth, raising over USD 100 million from investors including Lightspeed, Zomato and Waterbridge. An alumnus of IIM Bangalore, Bhushan previously worked in venture capital as Vice President at Nexus Venture Partners before co-founding magicpin. He has

Only 16% corporations believe graduates are industry-ready: Report

Even as 70 per cent of academic institutions believe their graduates are well-equipped for the corporate world, only 16 per cent of companies believe in the same, which showcases an existing gap between university curricula and industry expectations, a report said on Wednesday. "There is a significant gap in perception regarding the industry readiness of graduates. While 70 per cent of academic institutions believe their graduates are well-equipped for the corporate world from day one, only 16 per cent of companies share this view. This disparity highlights a persistent challenge in aligning academic curricula with industry expectations," AI-powered recruitment automation firm HirePro's report 'Momentum 2024: The New Reality in College Hiring'. The 'Momentum 2024: The New Reality in College Hiring' report is based on inputs from over 20,000 candidates, over 350 colleges, and over 200 corporates, along with interviews with over 100 campus talent recruiters. The report also revealed a

Accounting standards for banking, insurance sectors soon: MCA secretary

Govil said that discussions are going on with the Reserve Bank of India around accounting standards for the banking industry and they may come out soon

Payback time: India Inc cut back on dividends in FY24 despite record profit

A cut in dividend payout last financial year came after three years of high double-digit growth, mirroring the boom in corporate profits in the post-pandemic period

Govt must ensure corp takeovers are fair, monopolies not created: Cong

The Congress on Saturday said it is the government's responsibility to ensure that competition among corporates is not stifled, oligopolies or monopolies do not emerge and corporate takeovers are free and fair. It is also the government's responsibility to ensure that undue advantage arising out of access to political power is not exercised, party general secretary Jairam Ramesh said. His comments came after the Adani Group acquired Penna Cements while strengthening its share in the cement sector in southern India. "Aap chronology samajhiye (understand the chronology): September 2022: Adani acquires Ambuja Cements and ACC, to become country's second largest cement player. August 2023: Adani acquires Sanghi Industries, India's largest single-location cement unit. June 2024: Adani acquires Penna Cements, giving it substantial market share even in the last remaining region of South India." he said. "Upcoming: Adani is exploring the acquisition of Saurashtra Cement, Vadraj Cement, and