Page 16 - India Inc

FM Nirmala Sitharaman calls for more women directors on India Inc board

Data from Prime Database shows that there are 2,350 women and 10,356 men holding position of directors at listed firms

India Inc overseas direct investment drops 59% to $1.03 bn in Aug: RBI data

India Inc's investment in their overseas ventures dropped by 59 per cent on an annual basis to USD 1.03 billion in August this year, data from Reserve Bank showed on Friday. The RBI data on Outward Foreign Direct Investment (OFDI) for August 2022 showed that the total financial commitment by the domestic firms was worth USD 1,027.67 million in August, 2022-23. In the same month of 2021-22, it stood at USD 2,500.97 million (USD 2.5 billion). In the preceding month of July 2022, Indian businesses' overseas financial investment was USD 1,116.69 million (USD 1.12 billion). Of the total investment during August this fiscal, the highest was in the form of equity infusion at USD 585.65 million. While USD 266.63 million was infused by way of issuance of guarantees, the rest USD 175.39 million was through loans. RBI said the data is provisional and subject to change based on online reporting by authorised dealer (AD) banks. Among the major investors, Lenskart Solutions infused equity wort

India Inc hesitant to invest as doubts remain on demand recovery: Analysts

They say high commodity prices, geopolitical uncertainty, and uneven consumer demand may have prompted firms to defer capex plans

Finance Minister Sitharaman nudges India Inc to clear unpaid dues of MSMEs

Nirmala Sitharaman said it is encouraging that larger companies are including amounts owed to MSMEs in annual statements

Top headlines: Rupee at 5-week high; Infosys says no to moonlighting

As many as 34 new drugs were added and 26 dropped from an updated list of essential medicines that will lead to prices being fixed, said the government on Tuesday.

FM Sitharaman asks India Inc why it is hesitant to invest in manufacturing

Finance Minister Nirmala Sitharaman on Tuesday sought to know from industry what is holding it back from investing in manufacturing, even though foreign investors show confidence in India. Drawing parallel between India Inc and mythological character 'Hanuman', Sitharaman said the government is willing to engage with the industry and take policy action. This is the time for India We cannot miss the bus, she added. She said the government has brought in production linked incentive scheme, cut tax rates to encourage the domestic industry to invest in manufacturing. No policy can be end in itself.. it keeps evolving as we go on. That applies even to industries that have come in the sunrise sector for which we have given policy support through an incentive. I would equally want to know from the Indian industry why is it that they are hesitant (to invest). We will do everything to get the industry come and invest here..(but) I want to hear from India Inc what's stopping you?, she ...

'No Double Lives': Infosys email warns employees against moonlighting

IT services firm's warning prompts non-profit group to say what 'employees do outside working hours is their prerogative'

Time to forge new bonds: Is corporate bond market at an inflection point?

Corporate bond issuance is looking impressive, but the market still has some distance to go before it can be considered deep

India Inc is beginning to take baby steps towards LGBTQ+ inclusion

Tata Steel, Godrej Consumer Products among those ushering in change

India Inc's foreign investment declines over 50% to $1.11 billion in July

India Inc's foreign direct investment in July declined over 50 per cent to USD 1.11 billion in July 2022, the Reserve Bank data showed. As per the RBI data, on Outward Foreign Direct Investment (OFDI), the domestic companies had invested over USD 2.56 billion in July 2021 in the form of equity, loan and issuances of guarantees. In a breakup, the Indian businesses invested USD 579.15 million by equity infusion, USD 193.21 million as loans and USD 337.49 million infused by issuing guarantees to their overseas ventures during July 2022. Among the major investors included Reliance Industries USD 160 million in its wholly-owned energy subsidiary in Singapore, Reliance Industrial Investments & Holdings USD 40.74 million in the fully-owned unit in retail business in the UK, and Ravindra Energy putting USD 33 million in its fully-owned unit in the UAE. Hasham Traders invested USD 32.71 million in a joint venture in the US, which is into financial services.

Input cost hike compresses India Inc's margin by 213 bps in Q1: Report

India Inc saw a 39 per cent jump in top lines during April-June quarter but their operating margins declined 213 basis points to 17.7 per cent due to input cost inflation, a report said on Monday. While companies passed on higher input costs in the form of commodity and energy cost, leading to revenue growth, the same led to margin compression, rating agency Icra said in a note based on the analysis of 620 listed companies, excluding financial sector entities. Margin compression was attributed to the supply chain disruptions triggered by the war in Ukraine. The report expects margins to recover from the second half. The sample 620 companies reported an aggregate revenue growth of 39.1 per cent on-year in the June quarter, which was optically aided by the low base of the previous year impacted by the second wave of the pandemic. Another major reason for the massive growth is price hikes across several sectors, the agency said. But sequentially, the top line grew by 1.5 per cent and

India's outbound deal value at $7.6 billion, rises for third year in a row

US upstages UK as biggest target for outbound deals in 2022

From NTPC to banks, India Inc make a dash for debt as yields plateau

Large state-run companies such as Power Finance Corp and NTPC raised funds recently, while REC and Indian Oil Corp are expected to tap the market by next week

Rethinking the start-up economy

This is a good time to give another thought to the place of start-ups in the world of finance and business

Number of companies looking for freshers to triple in H2CY22, shows data

The study, which analyses freshers' hiring sentiment, covers 865 companies across 18 industries and 14 locations

India Inc sees deal value decline as prime investments vanish: Reports

India Inc saw steepest decline in deal values owing to the lack of big-ticket investments last month, registering 171 mergers and acquisitions (M&A) and private equity (PE) deals valued at $2 billion, a new report has shown.

Did inflation hurt India Inc more than what markets expected in Q1?

Companies hiked prices to cushion their margin from inflation. But it hit the volumes in the rural markets. With the commodity prices cooling off, will the upcoming quarters be better for India Inc?

India Inc tells employees to return to office; IT firms take the lead

Wanting its employees to trade in their sweatpants for a sharp suit as Covid cases rise

Financials lead earnings in Q1; metal & mining, IT firms among laggards

BFSI companies together accounted for 48 per cent of the incremental growth in corporate profits on a year-on-year (YoY) basis in the quarter

India Inc's profits fall off record high in April-June quarter

Earnings lowest in four quarters; sales surge