Page 6 - Corporate

Best of BS Opinion: Chinese chequers on the LAC, women on boards, and more

Here is the best of Business Standard's opinion pieces for today

Hybrid working here to stay; 63% corporates embracing it, says survey

Hybrid working is here to stay as about 63 per cent of corporates are currently embracing the flexible model, according to a survey by Colliers India. Real estate consultant Colliers surveyed occupiers of office space to understand their current and future workplace strategies. The survey was carried out during May-June 2022 across various occupier segments and about 300 responses were received from occupiers. Small-sized (less than 500 employees), mid-sized (501-5000 employees) and large-sized firms (over 5,000 employees) participated in the survey. "Three days a week in the office seems to be the most popular mode, furthering business goals and at the same offering work-life balance to employees," Colliers India said in its report -- Hybrid working: Occupiers' narrative 2022. As per the survey, 26 per cent of occupiers are preferring 3 days a week, 17 per cent 4 days a week, 9 per cent 2 days a week and 11 per cent one day a week. As many as 28 per cent of occupiers are opting

Credit to industry hits 8-year high as corporations opt for bank funding

According to the latest Reserve Bank of India (RBI) data, loans to micro, small, medium, and large industries rose to Rs 31.82 trillion as of July end, up 10.5 per cent year-on-year (YoY).

MCA tweaks rules about company deposits, enhances statutory auditors' role

The new rules, according to experts, will widen the responsibility of directors to the statutory auditors. They came into effect on August 29

Corporate defaults may rise again on cost pressures: Crisil report

Crisil warned of more companies defaulting on their debt obligations as it expects withdrawal of pandemic-induced relief measures coupled with volatile input prices creating cost pressures

Global dealmaking braces for dry spell as boardrooms put expansion on hold

Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter.

Corporate profit-to-GDP ratio attains 11-year high of 4.3% in FY22

Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions

UP govt likely to launch projects worth Rs 70,000 cr in June; PM may attend

Many corporate honchos, including those of Adani Group, Microsoft India, Reliance Industries, Hiranandani Group, Birla Group and ITC, are also likely to attend the event, the spokesman said

83% of people in India believe bots will succeed where humans failed: Study

People around the world are demanding more progress on sustainability and social efforts and are looking to businesses to step up

79% professionals plan to upskill in 2022: Upskilling Outlook in India rpt

As jobs in newer domains soared high in 2021, more than 70% of people chose to upskill to grab new opportunities

Eco Survey: Formalisation of economy increased corporate tax collection

The corporate income tax registered a growth of 90.4 per cent over April-November 2020 and 22.5 per cent over April-November 2019

CAT Productions disrupted the corporate film status-quo in India, says CEO

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Dumping stocks to punish bad corporate behavior has tiny impact

Even as billions of dollars diverts toward firms scoring higher on environmental, social and governance measures, the funding costs for bad actors has hardly budged, a study has found

At 17.3%, India Inc badly lags presence of women board members: Report

Corporate India lags the rest of its Western and Asian peers by a wide margin when it comes to the presence of women on their boards

Inter-co managerial/leadership services to attract 18% GST

Managerial and leadership services by corporate office to its group companies/construction sites registered in different states would attract 18 per cent GST, Maharashtra bench of AAR has ruled. B G Shirke Construction Technology Pvt Ltd had approached the Authority for Advance Ruling (AAR) seeking to know whether the managerial and leadership services provided by the registered/corporate office to its group companies would be considered as 'supply of service'. Also, whether the lump sum amount charged by the registered/corporate office on its group companies would be liable to Goods and Services Tax (GST). Passing its ruling, the Maharashtra AAR held that managerial and leadership services by corporate office to its group companies and other construction sites registered in different States is "supply of service" and would be taxable under GST. AMRG & Associates Senior Partner Rajat Mohan said this ruling would mean an additional levy of 18 per cent GST on the inter-company ...

US Senate's company tax plan boosts penalty on sending profit abroad

The proposal is one legislative piece of a $3.5 trillion tax and spending package that Democrats are now crafting to implement the bulk of President Joe Biden's longer-term economic plans

'Corporates CSR spends up 3% in FY21, PM-CARES not favourite in 2nd wave'

Corporates contributed only Rs 85 crore to the PM-CARES Fund during the second wave between March-June 2021, as against Rs 831 crore to what was classified as 'others'

RBI circular helps large lenders gain corporate banking mkt share: Report

In mid-2020, the RBI had come up with the circular that specified which bank can open a current account for a borrower, in order to check any misuse through multiple current accounts.

CSR in times of a pandemic

The basic conceptual problem with this UPA-era law that the NDA has embraced with gusto can be seen in the toilet-building frenzy that gripped India Inc in 2017-18

Global deal on corporation tax nears first stage as G-7 seeks common ground

Accord would pave way for wider consensus at G20, then OECD