Page 36 - Indian Companies

Behind the rise of India Inc's daughters

How the rise of nuclear families in business transformed succession

Integrating GVCs can add $1.2 trn to India's foreign trade: GTRI report

Steps like streamlining port and customs operations, and setting up of national trade network will help Indian firms integrate with global value chains and add USD 1.2 trillion in the country's foreign trade by 2030, according to a report. The Global Trade Research Initiative (GTRI) said that currently, India's limited participation in global value chains (GVCs) hampers its export potential, despite possessing substantial manufacturing capabilities across various GVC-relevant product categories. The integration of Indian companies in the GVCs is fundamental as about 70 per cent of global trade operates within these chains, encompassing a wide range of products, from electronics and machinery to pharmaceuticals and apparel. "India's weak GVC integration can be attributed to poor trade infrastructure, causing delays at ports and customs, which are detrimental to the timely flow of goods in these intricate value chains," GTRi Co-Founder Ajay Srivastava said. Countries like China, Japa

Canada pension fund has big bets on Indian startups, shows Tracxn data

This includes online insurance and claims management venture Acko, education unicorn Byju's and Delhivery in logistics; according to data from start-up tracker Tracxn

Top headlines: KKR to invest in Reliance Retail, gains for rail, infra cos

Business Standard brings you the latest headlines at this hour

Govt may relook at allowing Indian companies to list overseas: FM

Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts

Quick commerce unicorn Zepto makes Ankit Agarwal chief product officer

Senior executive will be in charge of company's supply chain and consumer management in new role

Raymond Group's Singhania takes on Maserati on safety, performance

Singhania also criticised the carmaker for failing to return his representatives' calls for over a week, questioning the level of customer service provided

Murugappa Group resolves longstanding family dispute, strikes deal

Necessary transactions to take place within the next 90 days; no impact on listed entities

Corporate affairs ministry assessing need to ramp up bench strength of NCLT

While industry stakeholders are calling for dedicated benches to handle insolvency matters, the government is reportedly not in favour of this proposal

Corporate India's deal activity jumps 58% to $3.1 bn in Jul: Report

Corporate India's deal activity witnessed a 58 per cent jump in value terms to USD 3.1 billion in July, largely driven by big-ticket transactions, while caution in the private equity world led to a reduction in overall volumes. According to data collated by Grant Thornton, the month of July recorded 95 deals worth USD 3.1 billion, registering a 46 per cent plunge in volume terms and 58 per cent increase in value terms. Shanthi Vijetha, a partner at the consultancy, said the impact of the global slowdown is visible in the deal street which has been subdued since the beginning of the year. While cross-border transactions propelled the surge in deal value, caution in the private equity world led to a reduction in overall volumes, Vijetha said. This surge in deal value was anchored by 29 deals valued at USD 2 billion, where six high-value transactions encompassing traditional sectors like IT, auto, retail, and manufacturing took the centre stage. The deal value was driven by Proximus

Pepperfry co-founder Ambareesh Murty dies of cardiac arrest in Leh

Ambareesh Murty started Pepperfry with Ashish Shah in 2012, which has presence across 100 Indian cities

M&M Ltd Q1FY24 result: Consolidated net profit up 56% YoY to Rs 3,683 cr

The revenue from operations for Q1FY24 came in at Rs 33,406.44 crore, compared to Rs 28,412.38 crore year-on-year

MRF Q1FY24 results: Consolidated net profit jumps 376% YoY to Rs 588 crore

The revenue from operations for Q1FY24 came in at Rs 6,440.29 crore, compared to Rs 5,695.93 crore year-on-year

Aditya Birla Group expands its portfolio, adds four restaurant brands

Aditya Birla New Age Hospitality (ABNAH) has added four restaurant brands, namely Hakkasan, Yauatcha, Nara Thai, and CinCin to its portfolio

Indian companies to soon directly list on IFSC bourses: FM Sitharaman

Sitharaman urges financial regulators to maintain a balance between light-touch regulation and full-fledged supervision

Indian firms can go for listing on foreign exchanges, IFSC: Sitharaman

Finance minister Nirmala Sitharaman on Friday said Indian companies can now go in for direct listing on foreign exchanges as well as on the International Financial Services Centre (IFSC) bourse in Ahmedabad. The nod, which came after three years of announcement as part of the Covid relief package, will enable domestic companies to access foreign funds by listing their shares on various exchanges overseas. A proposal regarding this was first floated as part of the liquidity package announced during the pandemic in May 2020. "A direct listing of securities by domestic companies will now be permissible in foreign jurisdictions. I'm also pleased to announce that the government has taken a decision to enable direct listing of listed and unlisted companies on the IFSC exchange. So, this is a major step forward. This will facilitate access to global capital and better valuation, Sitharmanan said here. The minister was speaking at an event to launch AMC Repo Clearing and a corporate debt ..

Indian organisations' cost of data breach at record high: Report

Cost of detecting and fixing cyberattacks has increased 45% sine 2020, it says

More women in Indian boardrooms, but mainly as independent directors

Overall representation has been increasing since Companies Act 2013

Reliance spin-off Jio Financial valued at $20 billion, above estimates

At a $20 billion valuation, Jio Financial would be one of the top 40 Indian companies by market capitalisation, in a list headed by Reliance at $233 billion

Avoid going overweight on equities, especially hot themes and sectors

Also refrain from exiting the market in the hope of re-entering at a lower valuation