Page 26 - India Inc

Hindalco posts consolidated net profit of Rs 2,787 cr in June quarter

Hindalco Industries Ltd on Friday reported a consolidated profit after tax of Rs 2,787 crore for the quarter ended on June 30, 2021.

Govt spending to push private capex higher after multi-year deleveraging

Orders, mostly from the govt, worth $356 bn expected in the next two years

India Inc raises longer-term dollar bonds from foreign investors

In the current calendar year alone, Indian companies raised $4.6 bn from these markets so far

ABB India net profit jumps four-fold to Rs 68 crore in June quarter

Total revenue of the firm rose to Rs 1,425 crore in the quarter from Rs 986 crore a year ago.

Tax data shows how Covid-19 crushed small companies while big ones made hay

Listed firms paid Rs 35,000 cr more tax this year, even as corporate tax mop up fell by Rs 1 trn. Pvt ltd firms and the non-corporate sector paid Rs 1.35 trn less, which means their profits dived

India to see higher salaries as firms look beyond coronavirus hit

Paychecks could rise about 8% in the financial year starting April 2022, especially if authorities avert a third wave of the virus

Infosys reopens offices as India Inc eyes long road back to work

The Bengaluru-based IT services company stopped short of calling all employees back to work, reflecting wider caution across the sector

Bigger firms scoop up more market share during Covid-19 pandemic

Market concentration in key sectors, measured by HHI, reached a new high in FY21

Pandemic prompting cos to reimagine workplace, culture: HR executives

Top executives from Hindustan Unilever Ltd (HUL) and Wipro deliberated on what will be needed to build resilient workforces and workplaces in a post-pandemic environment

India Inc's overseas direct investment in June doubles at $2.8 bn

The overseas direct investment of domestic companies more than doubled to $2.80 billion in June this year, according to RBI data

With Zomato's offering, fresh fundraising via IPOs set to hit 14-year high

All-time high not far away with Paytm planning fresh issue of Rs 12,000 cr

India Inc loosens purse strings for sales, IT functions, says report

With technology and sales becoming critical functions for business continuity and recovery, the salaries that these professionals command have increased significantly with a median increment of 7.12 per cent; while for super-specialised jobs, it was over 11 per cent, according to a report. According to the latest 'TeamLease Jobs and Salaries Primer Report 2021', while the median salary increment was 7.12 per cent, the average growth of salary for talent in IT and sales functions have been 8.55 per cent and 9.82 per cent, respectively. As per the report, the positivity is not restricted to sales and IT functions alone, but also to super-specialised jobs that are being rewarded handsomely. Super-specialised jobs have commanded a salary increment of over 11 per cent. The 'Jobs and Salaries Primer' is an annual report from TeamLease Services Ltd that analyses the hiring and salary trends across industries. The latest edition has taken into consideration the salary payouts of over 2,63,0

India Inc expects swifter recovery from second wave of Covid-19 pandemic

Private investments will be better in first half of FY22, according to CII CEOs' poll

BankAm's i-bankers continue to pull off deals for India Inc amid Covid-19

BankAm topped Dealogic's league tables for equities at $2.8 billion in deals (followed by ICICI Securities at $2.4 billion and JP Morgan, or JPM, at $2.4 billion) for FY21

Best of BS Opinion: Stock market as mirror, politics in diversity & more

Here are the best of Business Standard's opinion pieces for Saturday

Amid Covid, India Inc's foreign borrowings plunge by 51% to $738 mn in May

Indian businesses had raised $1.49 billion by way of external commercial borrowings (ECB) in May 2020.

MakeMyTrip announces mandatory paid offs for employees this year

The company has unveiled the wellness policy by hosting Jumpstart Week with employee engagement activities to reinvigorate the workforce.

India Inc getting back in biz with no-jab-no-entry, thrust on vaccine drive

Companies gear up to protect employees after second wave disrupts operations

India Inc fares well on environmental, social and governance disclosures

Parameters where India scored high included policy on equal voting rights (100 per cent), policy on community involvement (99 per cent), and CSR sustainability reporting (98 per cent)

With massive investment plans, steel leads India Inc's capacity expansion

Several top companies, led by steel majors ArcelorMittal Nippon Steel India (AM/NS India), JSW Steel, Tata Steel and Hindalco, are planning to expand capacity in the next few quarters