Page 32 - Indian Companies

67% of ongoing corporate insolvency resolution cases cross 270-day timeline

Although IBC leaves little room for interference, objections by erstwhile promoters or the suspended board of corporate debtor, competing resolution applicants, and dissatisfied creditors are many

Bank of Maharashtra Q3 net up 34 % at Rs 1,036 cr, slows corporate lending

State-owned lender says it has increased share of loans in retail, agriculture and MSME segments

L&T Technology Services maintains FY24 revenue guidance at 17.5-18.5%

LTTS reported a 13.3 per cent rise in net profit to Rs 336 crore, as revenues grew 12.3 per cent to Rs 2,157 crore

India share of venture capital funding lowest in 5 years, shows data

While the data shows that the world had 71 new unicorns (21 in Asia), India contributed only two of them, as compared with CY22 when it had 22

BFSI will bottom out by next qtr; FY25 should be better: TCS MD & CEO

'It will take about four to eight quarters for GenAI to be substantial part of revenue'

'It's nothing personal': Wipro on lawsuits against senior executives

Wipro sued Dalal, accusing him of violating the non-compete clause in his employment contract by joining rival Cognizant within 12 months from his last date of work

India remains a bright spot amid geopolitical tensions, says Nadir Godrej

'There are geopolitical challenges, but it does not affect India that much. India is in a bright spot'.

Govt finalises draft guidelines to prevent cos from false pro-green claims

The government has finalised draft guidelines to prevent 'greenwashing' or false pro-environment claims being made by companies across sectors, Consumer Affairs Secretary Rohit Kumar Singh said on Thursday. The draft guidelines were finalised after discussions with the committee members in a meeting held on January 10. The committee constituted by the consumer affairs ministry also has member representatives from the industry such as FICCI, CII, Manufacturers Association Information Technology (MAIT), Advertising Standards Council of India (ASCI) and Indian Beauty and Hygiene Association (IBHA). "We have finalised the draft guidelines and will issue the final guidelines after incorporating few suggestions of the industry members," Singh told PTI. The draft guidelines clearly define "Greenwashing" and "Environment claims". It also proposes disclosures that would be required to be made by the company while making green claims, said a statement issued by the ministry. The guidelines

Experian appoints Manish Jain as its country managing director, India

Manish Jain has more than two and a half decades of experience in financial services and technology. Before joining Experian, Manish led transformative initiatives in global organisations

Health check for healers: The big audit firms are under the NFRA lens

Now, the national accounting watch­dog has turned the spotlight on audit firms themselves. These firms are perceived to be the eyes and ears of non-promoter investors

As interest rates rise, zombie companies haunt India Inc

The waters are rising for firms whose earnings are not enough to repay debt

IT industry veteran C P Gurnani joins upGrad's Board of Directors

Focus on global growth as independent director

What is Sebi probing in Adani-Hindenburg issue?

The market regulator said that it had sent around 90 communications to overseas agencies seeking assistance

Great time to be deploying capital, will be busy in 2024: Fundamentum GM

Focus on technological edge and prudent deployment

India-focused VC funds continue to raise capital despite funding winter

As of December 2023, 185 India-focused VC funds are in the market, aiming to raise a combined capital target of $10.73 billion, according to Preqin

2023, India's year in biz: Apple debut, Adani's resilience, X's evolution

India got its first Apple store, Adani weathered the Hindenburg storm, and Twitter became X in the year that will still be remembered for AI

RBI announces draft norms for setting up SROs, proposes to audit its books

The omnibus SRO framework prescribes the broad objectives, functions, eligibility criteria, and governance standards, which will be common for all SROs, irrespective of the sector

Social media unicorn ShareChat lays off 200 employees to reduce costs

This is the second such move this year for the Indian regional social network

JB Chemicals buys opthalmology brands from Novartis for Rs 964 crore

JB Chemicals and Pharmaceuticals shall offer employment to the impacted associates working on this portfolio, it said today. JB Chemicals shares ended on BSE at Rs 1466 apiece, down marginally

Banks, Indian companies set to raise Rs 13,700 cr through bond market

HDFC Bank, Shriram Finance, Tata Projects to raise funds