Indian Firms

India firms, Uralchem sign deal for 1.8-2 mn tonnes urea plant in Russia

Russia's share in India's total fertiliser imports has grown from a mere 7.68 per cent in 2017-18 to almost 27 per cent in 2023-24, making it a significant player in India's fertiliser story

Nearly 45% of Indian firms still in early stages of AI adoption: Report

Even as AI is the buzzword across boardrooms in India, but true transformation is still taking shape with 45 per cent of Indian firms still at the early stage of adoption, a report said on Wednesday. While most organisations have embarked on their AI journey, many remain stuck in the early stages compared to global markets, which are in more advanced stages of AI adoption, payroll and HR platform Deel said in a report - AI at Work: The Role of AI in the Global Workforce. About 45 per cent of Indian firms are at the early stage of adoption, 38 per cent at the intermediate stage, and only 17 per cent at an advanced stage where AI is embedded in core business processes and innovation, revealed the report. The AI at Work: The Role of AI in the Global Workforce report by Deel is based on a survey conducted in September among 5,500 business leaders in 22 markets across the globe, including in India across sectors.. The report further revealed that while AI adoption is gaining momentum, o

High confidence, low investment marks India's Gen AI push: EY-CII report

EY-CII survey shows 47 percent have live GenAI use cases, though most spend less than 20 percent of IT budgets on AI

Nearly half of Indian firms live on AI, but budgets remain tight: Report

Nearly half of Indian enterprises have moved beyond AI pilots to active deployment, with 47 per cent reporting multiple Generative AI use cases now live in production, according to a joint EY-CII report. However, despite strong belief in AI's promise, investment levels remain conservative, with more than 95 per cent of firms maintaining AI and ML budgets below 20 per cent of overall IT spending. "...nearly half of Indian enterprises (47 per cent) now have multiple Generative AI (GenAI) use cases live, while 23 per cent are in pilot stage - marking a decisive shift from pilots to performance. Indian enterprises are demonstrating strong confidence by embedding AI into core business workflows to deliver measurable results. Notably, 76 per cent of business leaders believe that GenAI will have a significant business impact, and 63 per cent feel ready to leverage it effectively," the report noted. The EY-CII report 'The AIdea of India: Outlook 2026' is based on a survey of 200 Indian ...

ICAI keen to lead multidisciplinary practice firm initiative: President

Testing issues and actual implementations can have some differences. By and large it was working during testing

Indian businesses on global scale returning home for stock market listing

A large number of Indian businesses working on a global scale are returning home for listing on Mumbai bourses, given that Indian stocks are among the best performers in the world, according to Singapore-based legal experts. Quick-commerce unicorn Zepto and fintech firm Pine Labs are among those that have shifted their holding company from Singapore to India, said experts at Rajah & Tann Singapore (R&T), one of the largest law firms that handled the two Indian-origin companies' move to Mumbai. "Indian stock exchanges are one of the best as valuations are extremely high," said Vikna Rajah in his market trend observation as co-head of R&T's South Asia desk. "The Indian stock market is one of the strongest stock markets in the world for value creation," Rajah told PTI earlier this week. "It is interesting to see prospering cross-border businesses and higher entrepreneurial spirits between Indian and global markets, especially in line with New Delhi's 'Act East' drive focused .

Lagos Free Zone can provide access to US market: Nigeria to Indian firms

Indian businesses, mainly those hit by high US tariffs, can manufacture or assemble products in Lagos Free Zone (LFZ) in Nigeria, which provides preferential access to the US and other major global markets, a Nigerian official said on Sunday. LFZ Managing Director and CEO Adesuwa Ladoja, in an interview with PTI, said that recent tariff adjustments in the US have created real challenges for Indian companies, particularly in sectors like textiles, leather and automotive components. The US has imposed 50 per cent tariff on a wide range of Indian-origin products which may affect almost USD 49 billion worth of exports to America. "What makes Lagos Free Zone uniquely positioned is Nigerian exports to the US face tariffs as low as 14 per cent, significantly lower than those applied to many other countries. "For Indian businesses, this means that by setting up in LFZ, they can manufacture or assemble products in Nigeria and enjoy a considerable tariff advantage compared to shipping direct

Indian firms delay expansion plans amid demand, trade uncertainty: BofA

Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank's head of India corporate banking said

Madhvani Group in talks with Cerberus for $190m loan to buy Indian firm

he parties are discussing a bilateral private credit loan with a tenor of about three-years, said the people, asking not to be identified because the information is private

Indian companies have raised Rs 613 cr in overseas debt in FY26 so far

India Inc's overseas fundraising has been tepid, as ample domestic liquidity and comparatively attractive local interest rates offer cheaper funding alternatives at home

Corporate affairs ministry to remove 3,300 firms from official records

The corporate affairs ministry is set to strike off the names of more than 3,300 companies from the official records after receiving applications for removal of their names. Registrar of Companies (RoC) from various states and Union Territories issued public notices regarding striking off the names of these companies in April in accordance with the provisions of the Companies Act, as per the latest data available with the ministry. More than 3,300 companies across states and Union Territories are set to be struck off from the official records, the data showed. Out of the total, there are over 700 such companies in Maharashtra, nearly 500 in Delhi, more than 350 in Karnataka, over 200 each in Gujarat, Uttar Pradesh and West Bengal, among other places. RoCs had received applications from the companies under Section 248(2) of the Companies Act on certain grounds, including that they failed to commence business within one year of their incorporation or that they are not carrying on any

Indian firms should avoid re-routing of goods from China to US: GTRI

Domestic exporters should not use India as a destination for re-routing goods originating from high-tariff countries like China to the US, economic think tank GTRI said on Thursday. Instead of re-routing, Indian exporters should build genuine value addition, supply chain transparency, and adhere to US customs rules, the Global Trade Research Initiative (GTRI) said. Cautioning against "shortcuts", GTRI Founder Ajay Srivastava said Indian firms need to build on genuine value addition, supply chain transparency, and comply with US customs rules. For countries like India, the opportunity is real, but only if exporters play by the rules. He added that exporters often misunderstood US non-preferential rules of origin (RoO), which determine a product's true origin. If a product contains high Chinese content and fails to meet the substantial transformation test, it may still be classified as Chinese, regardless of where it was assembled and subjected to punitive tariffs. The US has imposed

Top Indian IT firms post weak Q4 results amid tariff, trade worries

India's top-rung IT services companies TCS, Infosys and Wipro disappointed with their March quarter and full year FY25 scorecards on multiple counts and collectively signalled heightened caution up ahead, as macro uncertainties compounded by global trade woes eroded sentiments and weighed on business outlook. The overhang of macro concerns reflected on several fronts, from muted outlook to hesitation to commit upfront on wage hikes, as management commentary from India's billion-dollar IT powerhouses remained largely sobering in the just-ended quarter. Hiring trends fared a tad better. TCS, Infosys, and Wipro cumulatively added 1,438 employees between Q3 and Q4 FY25, marking a shift, and indeed a reversal, from declines of over 900 seen in the previous quarter. With US tariff posturing swiftly resetting global trade dynamics, the tone of business commentary in Q4 was punctuated with references to underlying uncertainties and caution. "The global industry environment remained uncerta

Liberation day: How should Indian firms and policymakers respond?

Firms in India tend to be highly connected into the US economy through elite human networks

Firms with Rs 250 cr turnover rush to join TReDS before March 31 deadline

Companies with annual turnover of Rs 250 crore are making a beeline to register on Trade Receivables Discounting System (TReDS) platform to comply with MSME ministry's deadline of March 31. As per the government notification, all companies with a turnover exceeding Rs 250 crore, along with Central Public Sector Enterprises (CPSEs) involved in procurement from MSMEs, are required to register on the TReDS platform by March 31, 2025. At present, it is mandatory for all CPSEs and companies with turnover of more than Rs 500 crore to get themselves onboarded with TReDS platform. According to M1xchange director Sundeep Mohindru, there has been a significant surge in onboarding requests following the November 7, 2024 MSME Ministry notification. "Before the notification, the average number of corporate onboardings per month was around 30 corporates per month. However, this number has more than doubled in the months following the announcement. "In the first half of FY25, M1xchange witnessed

Indian firms seek technical help from Dutch Royal IHC for deep-sea mining

Unlike countries like China, India is not yet prepared to extract minerals from the ocean's depths due to a lack of seabed mining expertise, experts say

Syngene acquires first US biologics site for $36.5 mn to expand capacity

The facility, which the contract research firm said is strategically located near key biotech hubs in the Northeast US, is expected to be operational for client projects from the second half of 2025

Indian recruiters say finding mix of AI, human skills challenge: LinkedIn

They are looking for professions who are well versed in technology and soft skills, says professional networking platform's report

'Trump may be interested in Indian firms signing contracts for US LNG'

US LNG is usually sold with a Henry Hub plus formulae, which has been used since Cheniere started exporting in 2016

Cong blames 'myopic' policies for India Inc's refusal to invest, hike wages

The Congress on Wednesday blamed the Central government for corporate India's "failure" to generate employment and investment, claiming its refusal to invest or increase wages is a direct consequence of the Centre's "myopic" policy making. Citing a report, Congress General Secretary Jairam Ramesh claimed that corporate India is choking the middle class and hurting the India growth story by failing to increase wages despite higher profits and paying lower taxes after GST and tax sops in 2019. "In all fairness to India Inc, these failures are squarely the responsibility of the Union government," Ramesh said. "Here is the government's track record -- indiscriminate corporate tax cuts without linking them to employment creation or investment. Introducing a punitive GST regime, with input tax credits only for corporates. Overseeing and enabling the growing oligopolisation of the market. Introducing a CBI/ED/IT Raid Raj to extort donations from the corporate sector to the BJP," the Congre