Page 8 - India Inc

India Inc to press the capex pedal with Budget push, shows BS CEO poll

CEOs to take advantage of Rs 1 trn innovation fund

Interim Budget 2024: Focus on credible fiscal math amid global scrutiny

A cursory look at the 2019-20 Interim Budget shows the Narendra Modi government may like to keep its fiscal maths credible

Voice-enabled lifts, manager training: How offices make inclusive shift

Employees with disabilities being groomed for managerial roles, able-bodied workforce sensitised and trained in sign language

Amazon to ONGC, military veterans hired to lead corporate crack teams

Retired officers tasked with getting cybersecurity to operations units combat ready

India Inc lauds establishment of gender equity Alliance at WEF meet 2024

Indian industry on Sunday lauded the government for establishing the 'Alliance for Global Good- Gender Equity and Equality' announced on the sidelines of the World Economic Forum annual meeting 2024 here. The idea of this alliance emerged from the G20 Leaders' Declaration and India's abiding commitment to the cause of women-led development as propounded by Prime Minister Narendra Modi. As a follow up to the activities of the Engagement Group and initiatives under the G20 framework, inter alia, the Business 20, Women 20 and G20 EMPOWER, this alliance aims at taking forward the commitments of the G20 leaders for the benefit of the larger global community, the government said while announcing the alliance. Lauding the initiative, apex industry chamber CII's president R Dinesh said, "The leadership of India for women empowerment during its Presidency of G20 was well recognized and the launch of the 'Alliance for Global Good - Gender Equity and Equality' at Davos is yet another opportuni

ESG, technology theme to dominate India Inc acquisitions in 2024

Streamlined regulatory approvals, sector-specific incentives would encourage firms to write acquisition cheques

India Inc eyes growth in 2024, plans to boost hiring, investments

Higher corporate earnings, consumer spending, FDI to drive up markets

Govt app to allow live tracking of cargo across land, rail, sea & air

Over 700 companies involved in courier, logistics, shipping, and manufacturing have already signed up on the app that will be launched soon by the government

India Inc fundraising via private placement reaches Rs 8.97 trn in 2023

Corporates in India have set a new record for financing through private placements; the last record was set in 2020 at Rs 7.95 trillion

Credit metrics of India Inc may improve to 4.5-5 times in Q3 FY24: ICRA

India Inc's credit metrics are likely to show slight sequential improvement in the third quarter of the current fiscal, with interest coverage increasing to 4.5-5 times, rating agency Icra said on Friday. This would benefit from improved earnings of corporate India on the back of continuing, albeit moderating, tailwinds from commodity prices and seasonally strong demand during the recently concluded festive season, it said in a release. Icra's analysis of the second quarter of 2023-24 performance of 601 listed companies (excluding financial sector entities) revealed improved operating profit margins (OPM), increasing by 398 bps and 64 bps on a year-on-year and sequential basis, respectively, it said. This was primarily aided by softening in commodity prices. However, while the input costs softened in recent months, they remain elevated compared to the historic levels, and accordingly, India Inc's OPM is yet to revive to its historic highs, the agency said. "The 1.6 per cent ...

From Godrej to Tata, India Inc begins breaking the diversity mould

According to Godrej, it communicates LGBT+ inclusive policies and practices through LinkedIn posts and ensures that job descriptions are crafted accordingly

Inside India Inc's Diwali hamper: Paid leaves, group experiences and more

Companies are opting to offer indulgences with social responsibility added to the package

Gharwapsi: India Inc taps former talent pool to fill executive positions

There has been a growth in the number of boomerang employees over the last few months; experts say the trend of 'great resignation' has now evolved into the 'great regret'

India Inc revenues to rise 8-10% in Q2, profit margins to expand: Crisil

India Inc is all set to report an 8-10 per cent jump in revenues for the September quarter while profit margins will also witness an expansion, an arm of rating agency Crisil said on Friday. This will be the first time in four quarters that the revenue growth will see an increase, it said. Automobiles, construction (which benefitted from truant monsoons) and information technology services sectors will be driving the revenue growth in the quarter, the rating agency said, adding that the year-on-year revenue growth in the preceding June quarter had stood at 7 per cent. The agency said its expectations are based on an analysis of 300 companies excluding ones in banking and oil sectors. "Growth in revenue was largely skewed towards consumer discretionary products and services, where automobiles and the retail sector led the pack, and construction-linked sectors, where companies accrued benefits from an early deployment of capital expenditure by the roads and railways ministries, Direc

Hotels to steel: India Inc unlocks subsidiaries' value with mergers, splits

Combined value of deals reaches $32.9 bn in Q3 CY2023, the highest quarterly total since Q2 CY2022

'Centre keen on recruit-train-deploy model for skilling scheme PMKVY 4.0'

Inviting training partners and India Inc to collaborate with the government on the Prime Minister's Kaushal Vikas Yojana 4.0, a top official on Wednesday said the Centre is keen on having a Recruit-Train-Deploy model for its flagship skilling scheme. Secretary in the Ministry of Skill Development and Entrepreneurship Atul Kumar Tiwari also called upon the industry to assist in designing some courses. "We would also like the training partners and industries to come together and work with us on the Prime Minister's Kaushal Vikas Yojana 4.0 in which we would like to have the RTD model. We would like industries also to come forward and help us in terms of designing some courses for them and funding some part of that so that they can skill people for their workforce," Tiwari said. He was addressing the Global Skills Summit organised by Ficci. Union Finance Minister Nirmala Sitharaman in her Budget speech this year announced that the fourth phase of the PMKVY 4.0 will be launched in orde

India Inc set to show further improvement in credit metrics in Q2: Report

India Inc's credit metrics are likely to show further improvement in the September quarter, a domestic rating agency said on Friday. The recent trends in softening of commodity prices, price hikes by companies, and anticipation of a favourable demand are the factors helping the industry, Icra Ratings said. The interest coverage is likely to improve to 4.5-5 times in the July-September period from 4.5 times in the June quarter, the agency said, adding that inflationary trends remain a monitorable. "India Inc's ability to improve earnings will depend on its ability to navigate ongoing headwinds such as tepid growth in the developed markets and impact of fluctuations in foreign exchange on import as well as export-oriented sectors," its Co-Group Head for Corporate Ratings Kinjal Shah said. Sequential improvement in operating profit margin was the most visible in sectors such as aviation, oil and gas, retail and auto brands, Shah said, adding that the evolving geo-political situation .

India Inc's leverage to stablise; refinancing risk to remain low: Moody's

Agency's report on non-finance entities says earnings growth will be a function of lower prices of key commodities

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