India Inc could make a re-entry into commercial banking - 40 years after the last round of bank nationalisation in 1980
BPCL, Air India, airport acquisitions to dominate headlines in New Year
2020 has been one of the most challenging years as several businesses collapsed due to the global pandemic. As recovery takes root, many in India Inc expect a quick turnaround in demand cycle in 2021. As per a joint report by Bain & Company, Google and AWE Foundation, demand will be back to pre-lockdown levels in just three months from now.
The findings are from a joint survey conducted by FICCI and Dhruva Advisors showed on Monday
The combined m-cap of all private sector companies rose by 24.4 per cent this year to Rs 142.4 trillion as of December 24, up from Rs 114.5 trillion at the end of December 2019
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Larsen & Toubro (L&T), state-owned heavyweight Indian Oil Corporation (IOC), IT major Infosys, Tech Mahindra, and private banks ICICI Bank and Kotak Mahindra Bank led the table
The pandemic emerged the biggest inflection point for the Indian job landscape.
Corporate profits rose 15 per cent to touch an all-time high in the September quarter
Says fiscal consolidation be pushed for later years or formulated from three-year perspective
PEs have deep pockets with the ability to recapitalise the bank as and when needed
No amount was raised by way of rupee-denominated bonds (RDBs) or masala bonds during the month under reporting in 2020 and 2019
India Inc shows patchy but encouraging recovery
Broad-based demand revival and a low base in 2020 will support strong GDP growth of 10.8 per cent in India in fiscal 2022
A majority of Indian businesses intend to increase financial investment in their business over the next year, notably higher than the global average.
Ficci President Sangita Reddy said the GDP print has come in as a pleasant surprise
Say stimulus measures will spur economic activity, especially in construction and infra sector
Book review of The Meltdown: India Inc's Biggest Implosions
Firms' operating margins soared to record high of 28.6 per cent
He said that India is the only country which utilised the opportunity provided by the current crisis to unleash the second generation reforms that are focused on factor markets