Page 36 - India Inc

India Inc's foreign borrowings slip 81% to $1.02 bn in June: RBI

The domestic companies had raised $5.40 billion from the overseas markets in June 2019

Hit by Covid-19, ITC's profit before tax dips 34% to Rs 3,435 crore

Revenues from operations fell 17.21 per cent to Rs 10,478.46 crore. Profit after tax was down by 25.5 per cent to Rs 2,562.73 crore

Covid-19 crisis: Ratan Tata says layoffs show India Inc's lack of empathy

While Tata Group has not laid off any employee, several Indian companies have retrenched staff due to lack of cash flow after the nationwide lockdown

Q1 early-bird results better than expected; IT, financial services do well

However, analysts expect the numbers to deteriorate as more companies announce their results

Decline in order inflow at L&T does not augur well for capital goods sector

Even though it was better than what analysts had expected, it still paints a bleak picture.

Layoffs during pandemic shows India Inc's lack of empathy: Ratan Tata

Several Tata Group companies, including its airlines, hotels, financial services, and auto business, are severely hit, but have not laid off employees to date

Manufacturing boom over next 5-10 yrs will surprise everyone: Vikas Khemani

The market recovery is surely sharp and gives the feeling of euphoria. but one should not forget that on the other side of the Covid crisis lies a great future, says Carnelian Asset Management founder

Mid-caps worst hit as analysts see 24% dip in Q1FY20 PAT for India Inc

A lockdown to contain the pandemic is now eased, but companies are still struggling to get back on their feet. Puneet Wadhwa explains what to expect from companies in terms of revenue

Aarti Drugs to Tata Comm: Earnings rise for 15 firms in Covid-19 economy

These companies reported an increase in revenue and/or profit before tax for the March quarter

Banks sanction Rs 1.23 trn loans to MSMEs under credit guarantee scheme

This data is as of July 15. However, at Rs 68,000 crore, the disbursed amount is 23 per cent of the promised Rs 3 trillion.

It's time for RIL 3.0: Made-in-India 5G network, affordable smartphones

Delay in striking a deal with Saudi Aramco disappoints investors

Govt should spend on profitable firms to boost economy: Raghuram Rajan

Speaking at NCAER's India Policy Forum 2020, Rajan said in the pandemic, unlike normal recession, there is enormous amount of destruction

Share of industrial credit in total bank credit dips to 31.5% in March: RBI

Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.

Wipro sees green shoots in some verticals; net profit flat at Rs 2,390 cr

IT firm's margin expands despite revenue fall in Q1

Covid-19 crisis: Strategy change spurred business revival, says InMobi

However, the home-grown mobile marketing and advertising software firm will have to wait for at least six months to achieve $1 billion in revenue, said Founder and CEO Naveen Tewari

Results preview: Nifty companies may see over 25% profit drop in Q1

Revenues set to take a similar hit

Tata Consultancy Services lifts curb on lateral hiring amid Covid-19 crisis

The Mumbai-headquartered company, however, said it would selectively hire experienced employees from outside.

Over half of Indian firms 'vulnerable' on wage payments, says Crisil

Ashu Suyash, the MD and CEO of the agency, said it has done an analysis of 40,000 companies having a collective wage bill of Rs 12 trillion, which revealed the grim situation.

Toyota staff Covid-positive, cases at Bidadi manufacturing unit up to 14

The company confirms the emergence of a new case of Covid-19 with the employee concerned having last attended the work on July, 3, TKM said in a statement on its website.

India moves up a rank, becomes second-largest foreign investor in UK

The US remains the number one source of FDI for the UK, delivering 462 projects and 20,131 jobs, followed by India, Germany, France and China and Hong Kong