Page 47 - Indian Companies

No evidence of Indian companies bypassing Russian sanctions: US official

The US Deputy Secretary of Treasury Wally Adeyemo on Wednesday said there is "no evidence" of Indian companies circumventing the sanctions imposed following Russia's invasion of Ukraine. "I've seen no evidence of Indian companies circumventing sanctions that have been placed on Russia," Adeyemo told reporters during a visit to IIT-Bombay here. He added that companies around the world, including those in India, the US and Europe, are taking the sanctions seriously and implementing them as well. The remarks come days after reports quoted RBI Deputy Governor Michael Patra saying that the US is concerned over India being used to export fuel made from Russian crude in violation of sanctions imposed by Washington. According to Patra, transfers of Russian crude are taking place on the high seas and the ships come to a port in Gujarat, where the oil is refined and shipped on. Adeyemo also said that the coalition of the sanctions is broadening, with many countries joining. The Treasury ..

India's Brahmaputra Infrastructure soars 11% after $22.2 million order win

BENGALURU (Reuters) - Shares of Indian construction and engineering company Brahmaputra Infrastructure Ltd, jumped 11.31%, after the company said it received an order worth 1.77 billion rupees

India Inc sees deal value decline as prime investments vanish: Reports

India Inc saw steepest decline in deal values owing to the lack of big-ticket investments last month, registering 171 mergers and acquisitions (M&A) and private equity (PE) deals valued at $2 billion, a new report has shown.

Indian employees likely to see bigger salary hike in 2023, says report

Some of the sectors which have been included in the survey are- financial services, banking, and technology, media and gaming

Firms in India expected to give 10% hike in 2023; highest in APAC: Report

Companies in India are expected to give a salary hike of 10 per cent in 2023 as they struggle with rising attrition in the tight labour market, according to a report

Six-day work weeks won't work anymore for new talent, says report

According to a report, companies with 6-day work weeks have to settle for leftover talent

Business doyens of independent India

On the 75th Independence Day of India, we tip our hat to the business leaders who have shaped the journey so far. The enterprises steered by them shifted India from a Nehruvian to a neo-liberal model

India Inc's profits fall off record high in April-June quarter

Earnings lowest in four quarters; sales surge

India at 75: 12 landmarks for Indian markets between 2015 and 2020

From top rating for India's financial market regulatory framework to RIL becoming the first Indian company to top $200 bn in m-cap, here are the 12 biggest events for stock markets from 2015 to 2020

EnKash: Powering India's SMEs and start-ups with a suite of corporate cards

The firm currently has a user base of 100,000 enterprises and processes transactions worth about Rs 28,000 cr a year

Indian companies swapping dollar for Asian currencies to buy Russian coal

Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar.

PwC India completes acquisition of Salesforce consulting firm Venerate

Venerate, which was founded in 2016 in Bangalore, builds customised solutions on the Salesforce platform across multiple clouds. The solutions help organisations in managing customers and sales

Shriram City Union Finance posts 61 per cent rise in Q1 net profit

Assets Under Management (AUM) increased by 21 per cent to Rs 40,414 crore as against Rs 33,509 crore during the same time last financial year

Mergers & acquisitions on rise as startups diversify into newer spaces

The second half of 2022 will see further consolidation as established start-ups look for M&A opportunities at attractive valuation to increase market share

Vardhman Textiles Q1 reports net profit of 4.13% to Rs 313.35 crore

The gross revenue of the company is Rs 2,731.01 crore which is higher by 44.25 per cent over the corresponding quarter of the FY22

Tariff hike boost helps Reliance Jio log 24% jump in net profit

Jio gained 9.7 million mobile subscribers in the June quarter, after witnessing a decline for three consecutive quarters

RIL profit jumps 46.3% in June quarter on higher refining margin

The standalone gross revenue of the company has grown from Rs -- crore in Q1FY22 to Rs -- in Q1FY23

Next pain point for the rupee: $79 billion of unhedged offshore loans

The nation's firms had $79 billion of unhedged offshore loans at the end of March, about 44% of their total overseas borrowings, according to the latest data from the Reserve Bank of India

Rupee at 80: How top Indian companies hedged themselves for dollar

Reliance Industries, the Tata group, Bharti Airtel, Aditya Birla among conglomerates that took forward positions

Shiprocket buys Arvind's omnichannel unit in Rs 200 cr stock-and-cash deal

Companies aim to reduce delivery time and improve customer experience by combining their expertise