Page 28 - India Inc

India Inc's foreign investment jumps over two-folds to $2.51 bn in Apr'21

India Inc's foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to USD 2.51 billion, data from the Reserve Bank showed on Monday. Indian investors had committed USD 1.21 billion worth of outward foreign direct investment (OFDI) in April 2020. Of the total commitment of USD 2.51 billion in April this year by the Indian company owners, USD 1.75 billion was in the form of loan, USD 421.42 million as equity capital and USD 333.11 million was chipped in through issuance of guarantee, showed the RBI data on OFDI for the month of April 2021. In March 2021, Indian firms made investment of over 1.99 billion in their overseas ventures. Among the major investors, Tata Steel invested USD 1 billion in its wholly owned subsidiary in Singapore, Interglobe Enterprises Pvt Ltd invested USD 145.61 million in a joint venture based in the UK and Reliance Industrial Investments & Holdings Ltd committed USD 78.52 million in a fully owned unit in the ..

Second Covid-19 surge will drag earnings recovery for India Inc: Moody's

Automobile, housing sales to be hit; drop in fuel demand seen; Steel firms to see limited impact on output despite O2 diversion

Losing steam

Second wave could derail strong corporate recovery

Best of BS Opinion: Herbs need good marketing, second Covid-19 wave & more

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

Boardroom bonanza: Dividend payout up 9% as India Inc sees recovery

All 268 early-bird firms in surveyed sample may pay a total of Rs 1.16 trillion

Tauktae: Restore power since oxygen supply is at stake, says India Inc

Representatives of major industry associations and chambers of commerce also asked for real-time information about the cyclone and its trajectory

'Promoter' vs 'person in control': How will Sebi's new proposal play out?

The rationale behind replacing the concept of "promoter" with "person in control" is to absolve entities, which, in real­ity, don't have any control over a company

Opportunity for India Inc to take forward cover widens as rupee strengthens

Many mid-sized firms don't take proper forward cover, exposing themselves to risk; others are going for it as they feel the rupee will weaken again and hit 80 to the dollar

Covid-19 crisis: HCL Tech to HUL, corporate India extends a helping hand

Supports with isolation centres, medical & financial help, friendly leave policies

India Inc's foreign borrowings jump 24% to $9.23 billion in March: RBI data

India Inc's external commercial borrowings jumped by over 24 per cent to $9.23 billion in March this year, RBI data showed

Gujarat: Essar joins Covid fight; sets up 100-bed hospital

The 100-bed centre was virtually inaugurated by the Chief Minister of Gujarat, Vijay Rupani

Second Covid-19 wave: India Inc steps in as govt falters on health care

Amid a massive surge in Covid patients, companies are coming forward with several innovative initiatives to help people

Large firms can take another 15% rupee drop due to natural hedge: Moody's

Analysing 22 rated Indian firms, Moody's found nearly half of them had dollar revenues or contracts priced in US dollars that protect the local earning

Most Indian companies protected against weakening rupee: Moody's report

Firms' costs in dollar terms might rise as India battles second wave of Covid-19, says agency.

Tech firms, startups gearing up to vaccinate employees after May 1

Healthcare platform PharmEasy says 5 million individuals and 1,200 companies have already made a "soft commitment" to vaccinate themselves and their families

India Inc may have to keep date with filings as Sebi cites partial lockdown

Auditors struggle with Covid, but no extension likely for FY21 earnings reports

India Inc lends a hand to ease shortage and transportation of oxygen

On Friday, Dharmendra Pradhan tweeted that steel units across India had supplied over 143,000 tonnes of liquid medical oxygen till now with steel CPSEs pitching in with 39,000 tonnes

Covid-19 second wave: India Inc lends a hand amid shortage of oxygen

Over the weekend, many companies stepped in to ease the bottleneck in supply and transportation of oxygen, as demand ran high with the surge in cases

PM asks India Inc to step up oxygen supply, calls for united effort

He urged the industry to utilise tankers meant to transport other gases for oxygen supply

85% Indians see environment focused firms as better employers: IBM Study

Companies could face the risk of losing top talent to more sustainability-conscious competitors