Page 14 - India Inc Earnings

India Inc revenue rose in Q4, but profit grew at slowest pace in 6 quarters

BFSI, auto firms key drivers of net sales, profit in Q4

India Inc including NBFCs files ECB intent worth $7.73 billion in March

Amongst prominent companies which filed intent include private steel producer JSW Steel - $ 900 million, public sector power sector unit NTPC - $ 745.2 million and Power Finance Corporation - $ 450 mn

India Inc's revenue growth weakest since September 2021: CRISIL report

India Inc is likely to log 4-6 per cent revenue growth in the January-March quarter of 2023-24, marking the slowest quarterly growth since recovery from the Covid-19 pandemic which began in September 2021, said a Crisil report. The report is based on an analysis of 350 companies which exclude financial services and oil and gas sectors firms. The moderation follows stronger growth in previous years, the report said, adding "among the 47 sectors monitored by CRISIL, only 12 are expected to have clocked an improvement in revenue growth both sequentially and on-year for the quarter." Consumer discretionary products and services are expected to have led the show in the January-March quarter. Among discretionary products, the automobiles sector was steered by healthy growth in passenger vehicles on the back of higher volumes and price hikes in the past year. The organised retail sector, the report said, grew for the thirteenth quarter in a row, on healthy urban demand. Discretionary .

India Inc to tap private credit to finance new projects, says PwC

Tax uncertainty is a big concern for PEs

Signs of stress: India Inc feels the heat of Iran-Israel conflict

Industry executives nervous about rising freight cost, longer delivery time

India Inc capital expenditure story gets cement to semiconductor push

The private capex momentum is being led by conglomerates such as Tatas, Reliance Industries and Adani group, among others

New private project announcements zoom ahead of Lok Sabha elections

Manufacturing sector accounted for nearly 60 per cent of new project value

Despite the challenges, credit quality of India Inc improves in FY24: ICRA

According to the agency, the Credit Ratio in FY24 stood at 2.1 times, with the rating agency upgrading two entities for every entity downgraded, continuing the trend from the last two financial years

'Why malign India Inc? Electoral bonds just tip of poll funding iceberg'

While most companies have mentioned about their spending in electoral bonds in some form in their annual reports, very few have been upfront and categorical about their disclosures

Fusion Strategy can deliver low-cost solutions to masses: V Govindarajan

Vijay Govindarajan argues that AI and real-time data should be leveraged to radically transform physical products and the companies that make them

What's Tata AIG General Insurance MD & CEO Neelesh Garg's wellness mantra

Garg avoids excessive screen time and turns to outdoor activities

How Shriram General Insurance Co's MD & CEO stays mentally, physically fit

From technology detox to meditation and deep breathing, Anil Aggarwal incorporates wellness into his daily routine

Over 50% firms committed to achieving net-zero emission target: PwC survey

About 50 per cent of the Indian businesses surveyed expressed their commitment to achieving the net-zero target, reflecting their desire to address climate change issues and transit to a low-carbon economy, said a PwC report on Tuesday. Of these, about 48 per cent committed to achieving net-zero emission target by 2030, said PwC India's Tax transparency in ESG survey conducted between April-July 2023. The report is based on a market survey of nearly 250 tax heads, sustainability/ESG leaders, CFOs and CXOs of Indian businesses, spanning industries such as financial services, technology, media, and telecom (TMT), retail and consumer, engineering and construction, among others. In recent years, the global business landscape has witnessed a significant transformation in sustainable and responsible practices, said a PwC release, adding "as a core pillar of corporate strategy, companies are investing in sustainability and striving to communicate their intentions, commitments and ...

Sensex sheds 551 pts, Nifty below 19,700 as Middle East crisis worsens

Closing Bell on Wednesday, October 18, 2023: Brent crude futures jumped 3 per cent after Iran called for sanctions and oil embargo against Israel

Big Four accounting firms make $4 bn from India biz; expand into consulting

The Big Four have overhauled their operations over the past few years to gain a wider share in the high-demand advisory and technology services firms

TMS Ep537: Work from home, stubble burning, markets, personal guarantees

Has 'work from home' reached its end? Why are measures to control stubble burning failing? What are markets expecting from Q2 earnings? What are personal guarantees? All answers here

India Inc raises 4.6 times more capital via QIP in H1FY24, shows data

Equity issuance in the first half reached Rs 73,747 crore, marking a 69 per cent increase year-on-year

India Inc's financial health moderates in H1FY24, may dip marginally in H2

India Inc's financial health measured by the credit ratio, or the proportion of rating upgrades to downgrades, moderated in the first half of current fiscal year and is set to dip marginally further in the second half, Crisil Ratings said on Tuesday. Crisil, which rates 6,500 companies, however, made it clear that the credit ratio will stay above 1 going forward as well, which means the number of upgrades will outpace the downgrades. In April-September FY24, there were 443 upgrades as compared to 232 downgrades, the agency said, adding that the credit ratio moderated to 1.91 from 2.19 in the preceding six months. It said the upgrades are much higher than the decadal average, but the downgrades are inching up lately, largely due to difficulties faced by export-linked sectors due to slowing growth in the world. Crisil's Managing Director Gurpreet Chhatwal said the moderation in the first half was along expected lines, and the government's infrastructure push and spending are helping

India Inc set for board refresh as grandfathering period ends soon

About 400 independent director posts at 198 companies are required to be replenished by March 2024

India Inc continues to remain heavily import-dependent for inputs

Growth in forex revenue continues to lag increase in forex expenses