Page 46 - India Inc

Captains of industry welcome Budget 2020, offer suggestions to FM

Head (treasury) of Lakshmi Vilas Bank R K Gurumurthy said tinkering with the personal tax and some structural changes in the way DDT

Union Budget was 'growth provoking and welfare inducing', says India Inc

India Inc on Saturday termed the Budget as "growth provoking and welfare inducing" but said that urgent implementation of the measures proposed will be crucial for achieving desired outcomes, while acknowledging that Finance Minister Nirmala Sitharaman had "little room" to manoeuvre. Soon after Sitharaman unveiled the Union Budget for 2020-21 in Parliament woven around the themes of aspirational India, and economic development for all and caring society, India Inc took to Twitter to share views on the announcements. The finance minister proposed new slabs and reduced tax rates under them for an individual income of up to Rs 15 lakh per annum, if a taxpayer opts for foregoing exemptions and deductions. She also proposed to remove dividend distribution tax on companies, and henceforth the tax will be shifted to recipients at the applicable rate. "Amidst global turbulence and nations dealing with bushfires & corona virus, FM Sitharaman has looked to craft a granular long-term ...

Job cut, staff relocation: India Inc gears for Brexit as UK set to leave EU

Analysts said the lower utilisation of its UK plant due to Brexit would lead to higher production cost for each unit and squeezing its margins

Top 10 biz headlines: India Inc sees populist Budget, Tata EV push, & more

From Air India's brand retention clause to Lalit Modi's asset sale claim, here are the top 10 business headlines

Taking off

Taking off

Amid slow economic growth, India Inc's return on capital shows improvement

In FY16, return on invested capital for the BSE 500 companies was 10.45 per cent; at the end of FY19, it had improved to 11.55 per cent

Stop the protectionist trend

Budget should reverse two-year slide towards closed economy

Bharti Airtel's mega issuance buoys 2020 outlook for fundraising

Market players say access to equity capital will give companies the confidence to chalk expansion plans to benefit from an upturn in the economy

Budget 2020: India Inc pitches for job creation, higher infra spending

"One of the most important issues is job creation...the most fundamental drive has to be growth with jobs," Srinivasan said

Sebi blinks, gives India Inc two more years to split CMD position

Move follows hectic lobbying by industry groups

Can Budget find ways to tackle tax disputes? India Inc is waiting

A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business

A record Rs 5.9 trillion bond bill is looming over Indian companies

While there are tentative signs of recovery in certain areas of the shadow bank sector, a funding squeeze has kept borrowing costs high

India Inc's low confidence reason for drop in investments: Analysts

Madan Sabnavis, chief economist at CARE Ratings, said the problem of low investments could be blamed on surplus capacity in the private sector

Will not let industries move out of Maharashtra, says Uddhav Thackeray

Reliance Industries chairman Mukesh Ambani, Tata group chairman emeritus Ratan Tata, Mahindra group chairman Anand Mahindra among others participated in two hour discussion

Action against corrupt shouldn't be seen as crackdown on India Inc: PM Modi

The target to nearly double the size of the economy to $5 trn is just a phase and the targets are bigger and higher, says Modi

India Inc's overseas borrowing up 6.5% to $2.12 billion in Nov 2019: Report

No capital came in through the approval route, while the rest of $9,86,681 was by way of issuance of rupee denominated bonds

New GST rules to eligibility test, what's on India Inc's checklist for 2020

The changes in the indirect tax regime continue to remain the primary concern for business.

Dovetail 'cost of business' with 'ease of doing business': Tata Steel CEO

He said that will give a fresh impetus to the manufacturing sector and make it more competitive

Slowdown set to worsen in 2020, but Budget may help turn the tide: CEO poll

Budget wish list: Income-tax cut, blueprint for investment push

Without fear or favour

The exchange between Rahul Bajaj and Amit Shah is of great value to the country