Page 5 - Indian Corporates

Corporate sustainability: Adani firms score above average points in survey

Adani Green Energy and Adani Transmission have scored 66 points and 63 points, respectively, in the corporate sustainability assessment (CSA) survey 2021 conducted by DJSI-S&P Global, which is higher than the average world electric utility sector score of 38 points. "Adani Green Energy Ltd (AGEL), the world's largest solar power developer, scored 66 points in the corporate sustainability assessment (CSA) survey 2021 conducted by DJSI - S&P Global. This is significantly higher than the average world electric utility sector score of 38," the company said in a statement. Adani Transmission Ltd (ATL) in its statement said it has scored 63 points in the 2021 corporate sustainability assessment (CSA) survey conducted by DJSI-S&P Global. "This is significantly higher than the average world electric utility sector score of 38," it added. AGEL Chief Sustainability Officer Santosh Kumar Singh said, "This achievement is a manifestation of the Adani vision to steer India towards a ...

India set for stronger performance going forward, says KV Kamath

The country's economy is set for a stronger performance going forward, driven by growth in large corporates, agriculture and most importantly digital startup sector, veteran banker KV Kamath said

Govt may offer pre-pack insolvency resolution plan even for large firms

To quicken the pace of stressed asset resolution, the Centre may soon come up with a prepackaged insolvency framework under the IBC for large corporates, similar to the one introduced for SMEs.

Corporates' demand for flexible workspace up 73% in Jan-Jun period

Leasing of flexible workspace by corporates rose 73 per cent to 31,538 seats during January-June period on a year-on-year basis, with enterprises looking to save cost besides flexibility

Flexible office space stock to grow 10-15% annually over next 3 years

India's flexible office space segment has a total stock of 36 million sq ft currently and is likely to grow 10-15 per cent annually over the next three years on rising demand from corporates

Practo aims to vaccinate over 10 million as India fights coronavirus

Practo announces 'Corporate Suraksha' programme under which employees from over 1,000 corporates across India will be vaccinated in first round

Corporates garner Rs 18.56 trillion via BSE platforms in FY 21

Indian corporates raised over Rs 18.56 lakh crore in 2020-21 through BSE platforms amid COVID-19, a surge of 53 per cent from the preceding fiscal, the exchange said on Tuesday.

Top corporate houses pay 20% more tax this fiscal, shows CBDT data

HDFC Bank tops the list, followed by SBI

IBC activity likely to see gradual rise after resumption, say experts

The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021

Privatisation of railway services, infra to benefit corporates: Opposition

Opposition parties on Wednesday warned that privatisation of various railway infrastructure and services would only benefit corporates and result in depletion of the PSU behemoth's financial resources

CPI criticises Union Budget, says it is pro-corporate, nothing for poor

The Communist Party of India (CPI) on Monday criticised the union budget, claiming it was pro-corporate and big businesses and has nothing for the poor.

Budget Byte: Healthy corporate profits may help improve govt spending

Rising corporate profits and relatively unaffected salaries may help continue this trend giving a positive impetus to government spending

Time to take stock of our personal reserves, meaning of our work: K M Birla

We will look back at the year not so much for the memories it helped us create, as for the new tangents and angles it forced on the arc of our recent history

Ex-HDFC CEO Aditya Puri backs corporates in banking, says no harm in trying

Former HDFC Bank chief executive Aditya Puri on Tuesday backed the proposal to allow deep-pocketed corporates into banking in India. Puri, the founder chief executive of what has become the largest private sector lender who retired recently, said the country needs more banks to fuel its economic growth ambitions and capital will have to come from somewhere. Late last year, an internal working group of RBI had proposed to re-allow corporates into banking, leading to a huge controversy on concerns over potential conflicts of interest. "Giving (banking licences) to individuals didn't work, public ownership didn't work either. There is no harm trying it," Puri said during an online event. He named Yes Bank, started by two individuals, and also infra lender IL&FS which faced troubles over governance as cases which did not work and underlined the need to try something new. In order to become a USD 5 trillion economy, India needs to have more banks and a corporate with a good set of ...

With change in rules, fears of corporate domination loom over Indians

Corporates have warned against the use of WhatsApp for company work.

Sold t-shirts at 16, cutting-edge digital spending solutions provider today

Raj Narayanam's fintech Zaggle is an SaaS firm that ensures its clients don't worry about financial control, as it uses cutting-edge tech to manage enterprise expenses and staff rewards & incentives

No corporate can snatch away farmers' land till Modi is PM: Amit Shah

No corporate can snatch away any farmer's land as long as Narendra Modi is Prime Minister of the country, Union Home Minister Amit Shah said on Friday

Indian corporate boards not really independent: Local Circles survey

Many independent directors are not really independent and that a majority of independent directors in publicly traded Indian firms

Corporate earnings growth, Covid vaccine to drive markets in 2021: Analysts

Corporate earnings, especially in the July - September 2020 quarter (Q2FY21), got a boost from lower raw material cost and cost cutting measures adopted by companies in the backdrop of Covid-19

Acharya warns against systemic risk building on low rates, high liquidity

Acharya warned that both conditions are prevalent in India. Given India's macro constraints, where the government is spending more relative to the Indian households' savings