Page 40 - Indian Companies

Realisation through IBC 201% of liquidation value as of Sept: RBI

SARFAESI and Debt Recovery Tribunals have yielded recovery rates comparable to the IBC mechanism, says Trend and Progress Report

829 mn cyber attacks blocked; 59% of targeted websites in India: Indusface

Mid-market firms with revenues of $10 million to $1 billion faced 45% of attacks; only 21% were large ones with over $1 billion in revenue; smaller firms suffered 34% of attacks

India Inc takes steps to protect supply chain as Covid-19 rages in China

Keeps adequate inventory levels for now; onboards multiple vendors to mitigate risk

India's startup ecosystem may be staring at an extended funding winter

Thousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels from the Great Recession

From industry icon to defaulter: How Venugopal Dhoot lost his empire

The top court's order and cash-for-loans scandal later, rocked the group across verticals; its fate now hinges on SC's ruling on bankruptcy even as the quid pro quo case involving Kocchars goes on

The corporate battles of 2023

India Inc is gearing up for a slugfest next year and from tech to paints, new battlegrounds are emerging

After the year of reset, businesses now poised to truly get back in form

Some firms braved the headwinds and stepped on the gas, others played it safe; green energy turned a bright spot

CCI likely to appeal against NCLAT order in DLF matter: Sources

The Commission in 2018 had found DLF in contravention of the Competition Act for abusing its dominant position and discriminatory practices

ITAT recalls decision on beneficial ownership under Indo-Mauritius treaty

Assessee appealed it was denied benefit of treaty on capital gains from share transfer

GMM Pfaudler falls over 18% on report of promoter selling bulk stake

Shares of GMM Pfaudler fell as much as 18.1%, their worst intraday percentage fall in nearly five years, after a report said that one of its promoters will sell the bulk of its stake

Two internal candidates in race for Hindustan Unilever CEO position

"This step is in the right direction in embracing progressive corporate governance practices," HUL said in its statement

Visa consultancy firm BLS International crosses $1 bn in market cap

Delhi-based company says its business gained after countries eased travel restrictions for Covid-19

Lenders ask Byju's to liquidate US assets to part-repay $1.2-bn loan

The company is seeking a restructuring of the loan, but it faced steep losses. Around this time, some activist investors bought some of the bonds

Competition (Amendment) Bill: Panel wants annual review of deal valuations

Proposed Settlement and commitment mechanism

Shapoor Mistry lone representative on boards of family investments firms

Both firms own 18.4% stake in Tata Sons

Fosun's sale of Gland Pharma to become India's biggest pharma deal: Report

With the acquisition, Gland pharma may also get access to global companies like AstraZeneca, Sanofi, Mylan, and Organon

With focus on efficiency, start-ups scale back ops in major reversal

Many quick commerce firms have scaled back their dark stores (warehouses) in the past few months

Layoff fallout: Outplacement firms have their hands full with flood of CVs

Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain

V-Guard Industries to acquire Sunflame Enterprises for Rs 660 crore

Deal likely to close by mid-Jan 2023, will be funded by mix of internal accruals and debt

We see trade with India growing two-fold in next 5 years: Ontario minister

In a Q&A, Victor Fedeli says several top Indian companies are continuing to build their presence in the Canadian province despite concerns of tighter global financial conditions