Page 72 - Indian Companies

Sparkling Q3: India Inc's net profit at new high amid lower operating costs

Gains largely from lower operating costs, higher product prices and a decline in banks' provisions

Top headlines: 10 Indian startups may get $10 bn in IPO, IBC set to resume

Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. Read Business Standard's top stories here

IBC set to resume; relief for key worst-affected sectors on the cards

Top officials to meet this week to discuss the matter

Unlisted companies having listed subsidiaries face greater oversight

May be asked for regular financial results

Microsoft unveils solution to help Indian firms with advanced hybrid cloud

Microsoft India on Thursday announced the availability of Azure Stack HCI, a new solution that allows customers to adopt a multi-cloud, multi-edge hybrid approach seamlessly. The solution combines the flexibility, scalability, and price-performance advantages of hyperconverged infrastructure with native Azure hybrid capabilities. Part of the Azure Stack portfolio, it provides organisations seamless access to Microsoft Azure for hybrid cloud scenarios across data centres, remote offices and cloud. Azure Stack HCI solutions will be available from 20 partners offering Microsoft-validated hardware systems. Microsoft India Chief Operating Officer Rajiv Sodhi said as organisations rebuild their businesses, an effective multi-cloud, multi-edge hybrid approach will be vital. He explained that this provides much-required agility, efficiency and resilience while staying compliant to regulations around data. For most large enterprises or highly regulated industries, a hybrid approach makes t

Sebi relaxations help companies raise capital amid Covid pandemic: Official

The relaxations in regulations made by the SEBI to provide more leeway for companies to raise funds has a positive impact on the corporate sector, amid the COVID-19 pandemic

By FY2022-end, our business will be twice of pre-Covid levels: Rapido

Bike taxi platform Rapido has seen a strong recovery in its operations over the last few months and is confident of business doubling by the end of March 2022 from pre-COVID levels

Profits, credit quality of firms in India recovering 6 months faster: S&P

Profits and credit quality of companies rated by S & P Global Ratings in India, China and Pacific are recovering about six months faster than the agency anticipated with reducing downside risk to ratings.Indonesian companies, on the other hand, are unlikely to recover until the second half of 2022, said the report titled 'Asia Pacific Corporate and Infrastructure Credit Outlook 2021' which covers entities in India, China, Japan, Indonesia, Australia and New Zealand.The report discusses the pace at which corporate sector in these countries is likely to recover from Covid-19 pandemic. It also includes a list of credit trends on the radar of S & P Global Ratings analysts in 2021, including demand recovery, funding conditions and financial discipline."Significant downside risk persists for the credit quality of Asian companies with negative rating outlooks on nearly 25 per cent of investment-grade and about one-third of speculative grade companies we rate in region," said S & .

India's new CSR regulations make philanthropy compulsory for companies

New CSR rules replacing comply-or-explain regulations with a mandatory regimen have raised the stakes for large corporations

Bath fittings firm Watertec to set up plants in Gujarat, Odisha, Tamil Nadu

On the way forward, the company is targeting around Rs 1,400 crore in revenue, including 10 per cent from exports, by 2023-24. This translates to around 30 per cent growth

A pro-growth turn in government policy

The growth impact of PLI schemes could start showing up in FY22

Infrastructure push: Higher expenditure yet to reflect in top line

Combined net sales of infra, capital goods firms down 2.3% in Dec quarter

Lithuania a gateway for Indian firms to expand presence in Europe: Envoy

Lithuania is looking to broad-base ties with India in emerging high-growth areas like fintech, life sciences, digital technology and pharmaceuticals

India's internet startups on cusp of IPO, combined value at $180 bn: Report

India's internet startups leaders that operate business ranging from food delivery to e-commerce are now on the cusp of listing, a report said putting their combined value at $180 billion by 2025

MakeMyTrip raises $200 mn through a zero per cent interest coupon bond

MMT intends to use the net proceeds for working capital and other general corporate purposes.

Hikal's profit after tax rises 42.8% to Rs 40 crore in December quarter

Hikal on Thursday reported a 42.85 per cent rise to Rs 40 crore in consolidated profit after tax (PAT) during the quarter ended December 31, 2020.

Best of BS Opinion: Growth via ease of compliance, GameStop episode & more

Here are the top BS Opinions of the day

Growth through ease of compliance

Compliance procedures need rationalisation and integrated digital systems

Thermax net marginally down 2% at Rs 83 crore in December quarter

Thermax on Wednesday reported a marginal decline of 2 per cent in its consolidated net profit at Rs 83 crore for the December quarter, mainly due to certain exceptional items.

Adani Green Energy posts Rs 41.36 cr net profit in December quarter

Adani Green Energy on Wednesday posted a consolidated net profit of Rs 41.36 crore in the December quarter mainly on the back of higher revenues. The consolidated net loss of the firm was Rs 128.46 crore in the quarter ended on December 31, 2019, a regulatory filing said. Total income of the company for the quarter under review rose to Rs 842.91 crore from Rs 523.20 crore in the year-ago period. "Over the past year we have accelerated our commitment to the Renewable Energy Space based on the new data that has become available. I fundamentally believe that the targets of renewable power will continue to be raised given the need as well as the affordability," Adani Green Energy Chairman Gautam Adani said. Vneet S Jaain, MD & CEO, Adani Green Energy Ltd said: "AGEL has also continued its rapid capacity building despite the ongoing pandemic adding 700 MW in YTD (year to data) FY21 with commissioning of 475 MW and 225 MW added through inorganic opportunities. This has been possible ...