Page 40 - India Inc

Sebi advises India Inc to make enhanced disclosures on Covid-19 biz impact

Market regulator observed that while many have made qualitative disclosures like shutting down and sanitation measures undertaken, only a few have dwelt on financial impact

Covid-19 crisis: Indiabulls sacks over 2,000 employees to control expenses

The attrition is in line with the process we follow every year, says company

Covid-related disclosures by Indian companies

While filing their financial results for FY20, corporations should adequately address the Covid-19 related concern and its impact on asset quality

Different Centre-state rules slow India Inc's bid to restart business

The Delhi government, in a major relaxation. has permitted everyone to go to office. But the Maharashtra government has gone to the other extreme by keeping offices closed till the end of May.

Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold

In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.

Coronavirus crisis must prompt industry to reset ties with workers: FM

The industry should also strive to work towards the skilling of employees at all levels, CII quoted her as saying in a statement

I've to be careful, am answerable to Parliament: FM Nirmala Sitharaman

Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.

Bharti Airtel to go slow on capex in Q1FY21 amid Covid-19 crisis, Q4 loss

Bharti Airtel reported a consolidated net loss of Rs 5,237 crore in Q4FY20 against a net profit of Rs 107.2 crore in the corresponding quarter last year.

Logging in with facemasks: Offices look different as staff returns to work

Office life in these cities resumed on Monday, albeit cautiously and with full knowledge of the need to maintain social distancing.

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

Fiscal stimulus by FM is mostly credit oriented, says Subhash Chandra Garg

He said that the fiscal stimulus, by its very nature, is additional fiscal burden on the public finances

Four in a lift, facing the wall: Office etiquette in Covid-19 times

The second of a 3-part series discusses precautions taken by firms to keep employees safe

Life after lockdown: Ramping up isn't easy with curbs, labour shortages

The first of a three-part series looks at how manufacturing units are gearing up to the new normal

Sebi relaxes 25% minimum public shareholding norms, deadline postponed

Experts said Sebi's relaxation would also benefit companies where promoter holding had increased beyond 75 per cent because of open offers or other acquisitions.

Covid-19 impact: Firms try to save jobs and their future through pay cuts

Several slash pays by up to 40% for May

Govt plans tax holiday for new investments amid Covid-19 outbreak

Another variant of the programme will be to provide a four-year tax holiday to firms that invest $100 million or more in labour-intensive sectors

PM Modi announces Rs 20 trillion stimulus package to jump-start economy

'Self-reliant India' package is around 10% of GDP; lockdown 4.0 is on with new guidelines

Equity markets may cheer Rs 20-trn stimulus package; SGX Nifty jumps 5%

Following the announcement of a Rs 20-trn package, the Nifty contracts traded on the SGX shot up 5%, while the American depository receipts (ADR) of Indian companies gained between 3% and 10%.

Haryana allows select firms to deploy 100% workforce in multiple shifts

Auto component major Sona Comstar, which earlier could deploy only half of its workers, has been allowed to bring in its entire workforce at its four plants - three in Gurugram and one in Manesar.

Rs 20-trn package need of the hour, will unleash economic growth: India Inc

Industry bodies said the Make In India flagship will emerge as a key catalyst for attracting new investment, driven by much needed bold reforms in the areas of land, labour and liquidity