Page 4 - Indian Corporates

Financialising the economy

The sector is expected to outperform

Timely response in governance

Commentary on misgovernance dwells on misdemeanour, but perpetrators often do not demonstrate malintent. There are plenty of smoke signals, however, before every episode

From RIL to L&T and Adani, corporate giants build on EPC rule change

A shift from the high-debt hybrid annuity scheme for infra projects to a low-debt, performance-linked model is encouraging government and private majors to pivot to this business in a bigger way

Corporate India focusing on gender diversity, to hire more women in 2023

Companies are also focusing on hiring second-career women - those who are returning to work after a career break

Centre says nearly 3,560 companies in India have Chinese directors

The government on Monday said there are 3,560 companies in India that have Chinese directors. In a written reply to the Lok Sabha, Minister of State for Corporate Affairs Rao Inderjit Singh said there are 174 Chinese companies that are registered in the country as foreign companies having place of business in India with the ministry. "... as per the CDM database, there are 3,560 companies in India which have Chinese directors. It is not possible to give the number of companies having Chinese investors/ shareholders as the data is not separately maintained in the MCA (Ministry of Corporate Affairs) system," he said. The Corporate Data Management (CDM) portal has been developed by the ministry as an in-house data analytics and business intelligence unit. The government has amended certain rules and forms prescribed under the Companies Act, 2013 to regulate the incorporation of companies, the appointment of directors, issuance & transfer of securities and undertaking compromise, ...

Indian saree market sees big corporates battling traditional players

Larger groups like the Tatas, Aditya Birla and Reliance Retail are slowly making a mark in a Rs 46,400 cr industry that is otherwise ruled by traditional organised and unorganised players

Indian corporates flood debt market to raise funds ahead of second half

Indian companies and banks have raised around Rs 35,000 crore ($4.39 billion) from Sep. 1 to Sep. 7, slightly short of the Rs 45,000 crore raised in August

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

Bang for their buck: Behind corporate India's asset efficiency

Businesses are doing better two years after the pandemic began, but not everyone is sailing smoothly

Citi expects revenue from Indian corporate business to grow 10% a year

MUMBAI (Reuters) - Citigroup expects annual growth in its corporate banking business in India to accelerate to 10% in the next few years as it focuses on its institutional business after recently selling its consumer banking business, a top executive said.

BoB rejigs corporate banking biz, to open 27 branches for mid-corp entities

After rationalisation, nine Bank of Baroda branches will cater to large corporates while 27 will be for mid-sized corporates

Companies in clover, but there's something in the economy that's amiss

Today, far too many people earn far too little to support consumption growth of the kind the economy needs, notes T N Ninan

Indian corporate houses face a sharp, abrupt increase in funding costs

The sharp rise in interest rates in the financial markets has made companies turn to commercial banks for their borrowing requirements

Agnipath has job potential in corporate sector for youths: Industry leaders

Mahindra Group Chairman Anand Mahindra, RPG Enterprises Chairman Harsh Goenka and Biocon Ltd Chairperson Kiran Mazumdar-Shaw came out in support of Agnipath, saying it has potential for employment

MakeMyTrip to enhance business-to-business segment to tap corporate travel

MakeMyTrip said it is planning to enhance its business-to-business segment, targeting large corporates and MSMEs to tap the opportunity in domestic corporate travel.

Parl panel suggests third-party audit of CSR spending by companies

The Parliamentary Standing Committee on Finance expressed concerns over the monitoring mechanism in ensuring compliance with the provisions of CSR

Fall in rural wage, labour crunch in urban areas hit construction sector

Corporate players are expecting construction activity to pick up during the current quarter

No involvement in Tek Fog; revenue from corporates: Persistent Systems

Denying "any involvement" in the 'Tek Fog' matter, mid-tier IT company Persistent Systems on Friday asserted that "most if not all" of its domestic revenue comes from corporates

Coworking firms lease 21% more office space in 2021 across top 8 cities

Co-working operators expanded their portfolio aggressively last year and took on a lease 21 per cent more office area across the top 8 cities to meet the rising demand of flexible workspaces from corporates amid the COVID pandemic, according to Cushman & Wakefield. The leasing of office spaces by co-working operators across eight major cities increased to 4.91 million square feet in 2021 from 4.05 million square feet in the previous year. These eight cities are -- Bengaluru, Hyderabad, Pune, Mumbai, Delhi-NCR, Chennai, Kolkata and Ahmedabad. Cushman and Wakefield India in its quarterly Office Market Beat report highlighted that the share of the co-working segment in the gross office leasing grew to 9.4 per cent last year from 8.1 per cent in the previous year. Across eight major cities, the coworking players provided on lease 78,869 seats or desks in the 2021 calendar year to occupiers, mainly to corporates. In 2020, the report said that 37,759 seats were given on lease to ...

FIBAC 2021: India Inc spoilt for choice as funding avenues open up

Panelists at FIBAC say banks lose monopoly of being only source of funding to firms