Page 38 - Indian Companies

163 Indian companies invested $40 bn in US; created 425,000 jobs: Report

As many as 163 Indian companies have invested more than USD 40 billion in the United States so far which has created nearly 425,000 jobs in the country, according to a survey. The survey titled Indian Roots, American Soil of the Confederation of Indian Industry (CII), which was launched on Wednesday by India's Ambassador to the United States Taranjit Singh Sandhu in the presence of US Ambassador-designate to India Eric Garcetti, also revealed that Indian companies spent nearly USD 185 million as corporate social responsibility in the United States and their financing of US-based Research and Development (R&D) projects is nearly USD 1 billion. Indian companies in the US bring strength, resilience and competitiveness to the US. They create jobs, support the local communities, and build capacity and technical know-how. They create virtuous cycles of prosperity, Sandhu said in his address in the presence of a large number of representatives of Indian companies who are currently in the

What is ESG, how is it supporting companies' efforts toward sustainability

From the role and need to challenges faced by Indian companies in its implementation and criticism around it, here is a lowdown on what is ESG

Indian firms' to slow down IT spending due to cost, global factors: Study

Inflation and currency devaluations make technology investments costlier, it says

Indian companies to see higher interest burden in FY24 against FY22: Report

India Ratings & Research also expects the cost of debt to increase across different categories irrespective of the size of the firms

Honda Motor announces top management changes its Indian two-wheeler arm

Japanese auto major Honda Motor Co Ltd on Wednesday announced top management changes in its Indian two-wheeler arm with the appointment of Tsutsumu Otani as the President, CEO & Managing Director of Honda Motorcycle & Scooter India. Otani, also a Vice President at Honda Motor Co., Japan, will succeed Atsushi Ogata, who returns to Shanghai, China as the Executive General Manager at Shanghai Branch, Honda Motor (China) Investment Co., Ltd with effect from April 1, 2023, the company said in a statement. In 2022 Otani was appointed as Executive General Manager, Shanghai Branch Honda Motor (China) Investment Co., Ltd. He started his career with Honda Japan in 1997 and held several leadership positions in the company's business in different global markets. Ogata had spearheaded Honda's Indian two-wheeler operations for three years. The company also announced the elevation of Vinay Dhingra, who was earlier Director General & Corporate Affairs, Strategic Information System and ...

Training helps new employees accomplish goals in one-fifth of time: Report

Only one in nine companies believe that the training doesn't add value to new employee productivity

3.1 mn jobs shortfall in cybersecurity, skill shortage hits Indian firms

The '2023 Global Cybersecurity Skills Gap Report' also found that 24 per cent of Indian organisations experienced five or more breaches

India Inc planning to increase capex, hire more in FY24: BS Poll

Most top executives appear to be upbeat about sales and profit

Opportunities & challenges: The jury is out on what, how India Inc achieves

BS1000 companies' combined revenues rose by Rs 24.5 trillion in FY22, while their net profit was up by Rs 3.24 trillion

India Inc faces new challenges to maintain growth momentum in FY23

The interest burden on India's public finances will be even bigger if the RBI hikes rates further to tame inflation

How forever free Fridays have changed things for this company in India

Beroe, a SaaS firm with 80% employees in India, has been on a four-day workweek for six years

Cyber incidents up 3.5x since 2019, nearly 4,000 a day in 2022

In 2022, cyber attacks on government agencies more than doubled to nearly 200,000

How India is breathing easy on corporate debt amid crisis elsewhere

Indian companies are doing better than peers, but business is slowing down

24% of companies surveyed in India ready to defend cybersecurity threats

Just 24 per cent of organisations surveyed in India have the 'mature' level of readiness needed to be resilient against the modern cybersecurity risks, according to a new Cisco study released on Tuesday. Cisco, in a separate announcement, said it aims to train 500,000 cybersecurity professionals over 3 years across India. Cisco's first-ever Cybersecurity Readiness Index highlighted where businesses are doing well and where cybersecurity readiness gaps will widen if global business and security leaders don't take action. Underlining that readiness is critical, the Cisco study revealed that 90 per cent respondents said they expect a cybersecurity incident to disrupt their business in the next 12 to 24 months. India scored high in the global chart in terms of maturity (24 per cent), performing above the global average of 15 per cent on cybersecurity readiness. About 38 per cent of companies in India fall into the beginner or formative stages. Conducted by an independent third-party,

Weekend Bites: Banking blues, exiting CEOs, and a new Cola War

Suveen Sinha takes you through the dust that might somewhat be settling down on the big news of the week

Beijing monitors share prices of Indian companies linked to Chinese biz

China's financial market regulators are monitoring the over valuation of India-listed companies which have business dealings with Chinese-origin companies in Asia, following a recent dispute settlement of two firms from both countries, informed sources said on Friday. The sources cited a judgement by the Singapore International Commercial Court (SICC) this month, involving India's Kiri Industries and DyStar Global Holdings (Singapore), a subsidiary of the world's largest dye manufacturer from China. The Hong Kong-based sources pointed out that Kiri's hope for a USD 603.8-million buyout of its stake by DyStar is looking dim. The deal, as per the sources, is the buyout of Kiri's 37.57 per cent interest in Dystar which was valued at USD 603.8 million. China's regulatory approvals for such a massive outflow of funds is unlikely, as regulators in Beijing are convinced that the Indian company's stake is highly overpriced due to speculative play in share prices. Hong Kong-based Senda ...

Companies must have audit trail of transactions from next financial year

Will also have to maintain edit log of changes made in books of accounts; experts say no firm will be able to delete an entry, will only be able rectify it

Indian companies need to reduce corporate flying emissions: Report

Globally, only 50 companies out of 322 have set targets to reduce business travel, with technology company Wipro paving the way in India

Fragrance, flavour industry to touch over $5 bn in 3-4 years: Industry body

The fragrance and flavour industry of the country is likely to grow around 12 per cent each year and touch over USD 5.2 billion in three to four years , an apex body of the industry said. This growth will be driven by factors like rising disposable incomes and changing consumer preferences, Fragrances and Flavours Association of India (FAFAI) president, Risabh Kothari, said. "The fragrance and flavour industry is growing very fast in the country. The present size of the industry is USD 3.7 billion in the country, Kothari said. The major user industries of this segment are food and beverages, personal care, homecare, pharmaceuticals and cosmetics, and these include major MNCs, domestic companies and small businesses, the FAFAI president said. Given the growing demand for natural and organic products, consumers are increasingly opting for them which present an opportunity for the fragrances and flavours industry, he stated. Coupled with this, consumers are willing to spend more on

Inflation and business pressure weigh on India Inc growth, says S&P

Along with Brazil and Japan, the S&P Global India business activity net balance slipped to 21 per cent in January