Page 3 - Indian Firms

Tata Consultancy Services retains top spot as most valuable Indian brand

India's top 75 brands have a combined brand value of $379 billion, a decline of 4 per cent from 2022

Behind the rise of India Inc's daughters

How the rise of nuclear families in business transformed succession

Autocomp R&D spend less than 1% of current turnover: Sunjay Kapur

Sunjay Kapur talks about how more needs to be done in research, but investments also need a large market size

Honeywell will double its India business in next 3-5 years: Ashish Modi

Modi talks about the key trends shaping the industry and growth drivers for the company, in a face-to-face interview with Ayushman Baruah in Bengaluru

Shema Electric launches new range of high-speed electric scooters

The company priced its e-scooters -- Eagle+ and TUFF+ at Rs 1.17 lakh and Rs 1.4 lakh (ex-showroom), respectively

Opportunities for Indian firms in execution of Europe corridor: Vaishnaw

The agreement is for developing trusted, resilient, and secure technology together for 6G and also collaborating in finalising the 6G standards, the minister said

India Inc set for board refresh as grandfathering period ends soon

About 400 independent director posts at 198 companies are required to be replenished by March 2024

Swiggy sees another high-level exit as senior V-P Anuj Rathi quits

Ashish Lingamneni, vice president (VP), head, brand and product marketing, and Nishad Kenkre, VP, head, revenue and growth, Instamart, have also left the food delivery firm in the recent past

Tata Steel 1st Indian firm to use LNG powered carrier for raw material

Tata Steel became the first Indian company to use clean fuel Liquified Natural Gas (LNG) powered Capesize carriers for its raw material movement from Australia to India, the company said on Friday. In an initiative to lower the company's Scope 3 carbon footprint, the steel major imported 1,65,700 metric tons of coal from Australia's Gladstone to Dhamra port in Odisha using MV Ubuntu Unity, a cape vessel powered by clean fuel LNG. Capesize' is the largest class of cargo ship. They are called so as they cannot pass through the Panama Canal and have to go around the Cape of Good Hope to sail between the Pacific and Atlantic oceans. "In 2021, Tata Steel became the first in the Indian Steel Industry to deploy a ship powered by biofuel. We continued the decarbonation drive with seven biofuel shipments in FY23. In continuation to our sustainability drive, in FY24, we are the first to deploy an LNG powered vessel for transportation of raw materials to India," said Peeyush Gupta, the ...

India firms' deleveraging to slow down; little room for rating upgrade: S&P

Rated companies in good credit shape due to growth and accommodative balance sheets, says agency

Indian firms spent Rs 370 cr avg on public cloud in last 12 months: Report

As cloud-native environments scale, enterprises are looking to base their cloud strategies on cloud-native technologies rather than viewing them as separate plans

Top Headlines: Rs 2,000 notes withdrawn, firms on wait-&-watch mode & more

Catch live updates from across the globe here

Reliance Chemotax board to meet on May 26, decide on dividend for FY23

The directors will also consider and deliberate on the audited financial results of the company for the March quarter of the previous financial year

Firms paid more stipend to apprentices in FY22; Chennai tops list: Study

Agriculture field officer apprentices earned the highest monthly stipend, followed by those in retail sales and HR

Average stipend pay outs hiked by 2% in India in FY23, Chennai leads

"Employers are willing to pay higher stipends than industry mandates as they see the value of investing in apprentices to bridge the skill crisis and create a sustainable talent supply chain"

Lithuania offers biz opportunities for Indian firms, fintech in focus

The Ambassador of the Republic of Lithuania to India, Diana Mickeviciene, on Friday stated that her country is focusing on sectors such as biotechnology, cybersecurity, and fintech and is seeking greater bilateral ties with India, a country with which it shares a strong trade relationship. The European nation also has the potential to become a hub for tea and textiles in that continent. Speaking at an interactive session with CII, Mickeviiene noted that Darjeeling tea and India's textiles are highly popular in Lithuania, pointing to significant business opportunities for Indian companies to set up hubs in her country and export to other European nations. She said that Lithuania's focus is on specific industries, such as IoTs, biotechnology, cybersecurity, and fintech. Mickeviciene mentioned that biotechnology will be the new star in the economy of Lithuania. She highlighted the country's partnership with Tata Consultancy Services for two projects in biometrics (Aadhaar). The dipl

Opportunities & challenges: The jury is out on what, how India Inc achieves

BS1000 companies' combined revenues rose by Rs 24.5 trillion in FY22, while their net profit was up by Rs 3.24 trillion

Chinese companies may need majority Indian partners to set up plants

Some global players are pushing for a 50-50 equity structure, pointing out that without such a split, most Chinese firms might not want to share their technology at all

India Inc must step up: EAM S Jaishankar on China trade imbalance

External Affairs Minister S Jaishankar on Thursday said the responsibility for the trade imbalance with China rests squarely on businesses as well, blaming Indian corporates for not developing the right sourcing arrangements. Speaking at the Asia Economic Dialogue here, Jaishankar said the government is doing its bit by bringing in policies like the thrust on Atmanirbhar Bharat and made it clear that the "massive external exposure" puts national security at threat. Terming the challenge posed by the trade imbalance with China as very serious and formidable, the career bureaucrat turned politician said the responsibility here is not just of the government, but it is an equal responsibility of businesses as well. "Indian corporates have not developed the kind of backwards (integration), vendor supplies, components and parts, ingredients and intermediates that should be supporting us," he said. With lots of people, including former RBI Governor Raghuram Rajan, asking India to focus on

Only 34% firms meet Sebi's requirement to raise 25% fund via debt: Analysis

Only 34 per cent of the 320 AAA- and AA-rated companies have met their 25 per cent incremental fund raising through debt instruments as of FY22, nearly three years after market regulator Sebi's mandate for such firms, an analysis showed. These companies have an outstanding debt of Rs 34 lakh crore as March 2022, according to an analysis by India Ratings, which says that these companies will have to borrow an additional Rs 6,890 crore by FY24 to meet the Sebi regulation. In FY19, Sebi passed a guideline wherein the listed large corporates with borrowings of Rs 100 crore or more and with credit ratings of AA and above would have to borrow 25 per cent or more of the incremental borrowings through bonds. The regulator allowed them to meet the norm in a contiguous block of two years. And the companies were to meet the criteria beginning FY20. The regulation also sets a penalty of 0.2 per cent of the balance debt amount in case a company fails to raise the required percentage of funds ..