Page 17 - India Inc

Will the govt's plan to prune import dependency in a new avatar work?

The aim is to boost domestic output, without raising tariffs or providing subsidy, of items on whose imports India is heavily dependent. The plan is to start with consumer and capital goods

Senior executives in India may get 8.9% salary hike in 2022: Report

Salaries of senior executives in India have increased 8.9 per cent in 2022 from 7.9 per cent in 2021, a report said

Rate hike, rise in bond yields, rupee fall to hit India Inc margins

The rate hike and the consequent rise in bond yields and upward revisions in lending rates by banks will raise companies' funding costs

Hiring boom begins in India as Covid infections decrease; economy reopens

India Inc will hire 5% more people in the April-June period compared to the Q1 this year, a new report showed, as Covid infections decrease amid reopening of industries across the spectrum

"Conscious industry must think beyond its priorities": T V Narendran

India Inc must think outside the regime of incentives and subsidies and improve its competitiveness and productivity while ramping up R&D expenditure for being future ready, CII President T V Narendran said on Wednesday. Speaking at 'Being Future Ready Business Summit 2022', the CII President observed that a responsible and conscious industry must think beyond its own priorities to drive positive change for the nation. He pointed out that recalibration of global supply chains presents an opportunity for the industry to embed itself more firmly in the international arena and expand its global footprint. "We must move away from a risk-averse culture to a mindset that proactively explores all markets and all sectors. The many new free trade agreements being signed with our key market partners open up immense opportunities for our international engagement and we must support and leverage these to the optimum," Narendran said. He called upon the industry to shift the focus on building .

Quarterly appraisals, mass hiring: How India Inc is tackling attrition

Also on offer: Higher promotions, work flexibility, eldercare & childcare support to track attrition.

Capital expenditure crucial as inflation may hit India Inc plans: Icra

Icra said it expected capacity utilisation to reach the critical threshold of 75 per cent required to trigger broad-based capacity expansion, only by the end of the current calendar year

BS Number Wise: Indian private sector's R&D aversion

Share of companies not reporting any spending on research is increasing; two sectors contribute to most of the spending

Top headlines: LIC IPO, India Inc capex push, PLI round 2, and more

Here are the top headlines on Wednesday morning

India Inc plans greater capex push in FY23, says CEO survey by BS

More than half the CEOs surveyed say they plan to increase investment by over 25%

Top headlines: LIC valuation, Ola to recall units, and more

Read out the top news headlines and other important topics for the day and related information in the section below.

Early bird Q4 results hint at slowdown for India Inc in upcoming quarters

Though sales surged 15.1% YoY in Q4, the growth was slower sequentially

India Inc will have to absorb inflation impact: ReNew Power's Sumant Sinha

Private sector capex is already picking up right now, there are investments happening certainly in the infrastructure space: Sinha

India Inc's overseas direct investment rises 8.5% to $3.34 bn in Mar

In the preceding month (February 2022), the outward foreign direct investment was USD 940.62 million

Geopolitics could shape FY23 asset quality

Sectors that witnessed relatively high upgrades in the just-concluded fiscal include real estate, power, ferrous metals, textiles and pharmaceuticals

Top headlines: India Inc divided over new apps, tax revenues at record high

Business Standard brings you the top headlines this morning

India Inc clearly divided over super apps to reach their customers

Though the Tatas are betting on its super app Tata Neu, experts say super apps work best in regulated markets like China

Strongest expansion since Dec: Services sector PMI rises to 53.6 in Mar

The seasonally-adjusted S&P Global India services purchasing managers' index (PMI) - released on Wednesday - showed PMI for services for March rose to 53.6 from 51.8 in the preceding month

Average pay hike likely to be at 8%-12% in 2022, says report

Startups and new-age corporations, together with the unicorns, are set to lead this trend with a commonly estimated hike of 12 per cent, it added

India Inc raises a record green capital of $19 billion in 2021

India Inc has raised a record USD 19 billion in green capital in 2021, led by Wall Street major Bank of America, which is only a fraction of the USD 1 trillion that global corporations raised in green financing in the year. While corporate India raised USD 19 billion in green capital in 2021, Bank of America participated in USD 15.65 billion. Globally, the Wall Street major was part of a fourth of the USD 1-trillion green funding drive, helping mop up USD 250 billion, the bank said. In the country, it was part of the eight deals/issuers worth USD 15.65 billion, which included loans, M&As, debt capital and equity capital market funding, it added. It can be noted that BofA had in April 2021 set a target of helping mobilise USD 1.5 trillion in sustainable financing by 2030 and also announced its exit from funding carbon-based companies. Comparative numbers are not available as the lender has not been categorising fund-raise differently. The biggest domestic issuer was the USD ...