Page 8 - India Inc
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 set to show further improvement in credit metrics in Q2: Report")
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
 "India Inc's leverage to stablise; refinancing risk to remain low: Moody's")
Top headlines: All eyes on Chandrayaan-3 landing, 28% GST move, and more
Business Standard brings you the top headlines at this hour
 "Top headlines: All eyes on Chandrayaan-3 landing, 28% GST move, and more")
Top headlines: Apple, Dell impacted by licensing norms, Jet Airways revival
Business Standard brings you the top headlines at this hour
 "Top headlines: Apple, Dell impacted by licensing norms, Jet Airways revival")
India Inc plans to press the pedal on capital expenditure: CEO poll
59% expect markets to remain buoyant; rising prices a worry for 27%
 "India Inc plans to press the pedal on capital expenditure: CEO poll")
Top headlines: India Inc profit surges 65%, world entering green energy era
Business Standard brings you the top headlines at this hour
 "Top headlines: India Inc profit surges 65%, world entering green energy era")
Wage bill of listed pvt. companies up 17% at Rs 11.5 trn in FY23: Report
The rising trajectory of private corporate wage bill appears structural, having grown from around 9 per cent of GDP in FY12 to around 13 per cent in FY22
 "Wage bill of listed pvt. companies up 17% at Rs 11.5 trn in FY23: Report")
Uneasy lies the start-up head
While start-ups in India are not inherently better managed, their promoters seem less secure compared to shareholder-driven, board-managed companies
 "Uneasy lies the start-up head")
India Inc's fundraising from overseas up 12% to $9.7 billion in H1 2023
Several companies, led by Reliance Industries, raised funds from overseas
 "India Inc's fundraising from overseas up 12% to $9.7 billion in H1 2023")
The dividend route to disaster
Abnormally high dividend pay-outs may harm not only the company but also the market and the economy
 "The dividend route to disaster")
A clutch of Indian companies talk supply chain integration with Apple
The value addition for iPhone vendors is currently around 15 per cent but the government expects them to hit 30 per cent by FY26
 "A clutch of Indian companies talk supply chain integration with Apple")
Diversity drive: How LGBTQIA++ struggles for pride of place in India Inc
Inclusion of women improves with corporate DE&I initiatives, but discourse for the disabled and LGBTQIA++ has only begun
 "Diversity drive: How LGBTQIA++ struggles for pride of place in India Inc")
India Inc is excited about generative AI, says Salesforce India CEO
But the actual deployment of the new-age technology would still take substantial time, says Arundhati Bhattacharya
 "India Inc is excited about generative AI, says Salesforce India CEO")
India Inc may feel heat of new governance norms, higher compliance
Sebi has brought about a raft of changes to listing norms aimed at greater transparency
 "India Inc may feel heat of new governance norms, higher compliance")
Will banks become risk-averse in the quest to seek a governance premium?
India Inc will have to pencil in Mint Road's stress on the governance premium in bank lending
 "Will banks become risk-averse in the quest to seek a governance premium?")
India Inc's revenue grew 11.4% in Q4FY23, but geopolitical tensions remain
According to Icra, sequential recovery in the overall performance of India Inc is contingent upon how well the entities are able to cope with the headwinds going forward
 "India Inc's revenue grew 11.4% in Q4FY23, but geopolitical tensions remain")
'Against' votes by institutional investors surged to 6.31% in 2022
Others'-non-promoters and non-institutional investors-- polled just 29.01 per cent of their shares, an improvement over 26.31 per cent in the previous year
 "'Against' votes by institutional investors surged to 6.31% in 2022")
BFSI firms drive earnings of India Inc to a record high in Q4FY23
By comparison, their combined net sales (gross interest income for BFSI companies) were up 14.3 per cent YoY to Rs 33.2 trillion in Q4FY23, from Rs 29 trillion a year ago
 "BFSI firms drive earnings of India Inc to a record high in Q4FY23")
India Inc's dividend payout rises 26% to Rs 3.26 trillion in 2022-23
The dividend per share recommended by the top three corporations was more than double that of the previous year, with TCS again at the top of the list
 "India Inc's dividend payout rises 26% to Rs 3.26 trillion in 2022-23")
Income tax department to monitor advance tax payments by companies
The idea is to both widen and deepen tax bases, according to two official in the know
 "Income tax department to monitor advance tax payments by companies")