Page 93 - Companies

Frequent CEO changes reduce cos potential to improve equity premium: Study

Companies that frequently changed chief executive officers (CEO) have reduced potential to improve equity premium, thereby hurting shareholders' long-term returns, according to a study. The study tracked a few Nifty 50 companies over a 15-year period. The companies with fewer CEO transitions enjoyed more than twice the average premium CAGR of 3 per cent, against those with frequent chief executive transitions during the period, as per the study. The finding was part of a study conducted by Deloitte India on "What sets outperforming CEOs apart and how boards can help". It analysed the financial performance of companies after the appointment of the new CEO. Stability and continuity of CEOs and their policies ensured higher returns, the study noted. Most resignations or removals occurred in the services industry compared to the manufacturing industry, it added. Services companies saw appointments of relatively younger CEOs. Among other findings, it was also found that outperformin

Star Health cuts IPO size to about $848 mn after tepid subscription

Star Health has cut the size of its initial public offering (IPO) to 64 billion rupees ($848.02 million) from 72.49 billion rupees

Visa launches crypto advisory service for financial institutions, merchants

Visa Inc launched a global crypto advisory service for clients such as banks and also merchants, as the adoption of digital currencies gains steam

Meta unveils new office in India, company's 1st such stand-alone in Asia

In a bid to scale its India operations, Meta (formerly Facebook), on Wednesday unveiled its new office here which is said to be the company's first stand-alone office in Asia.

Audio OTT app Pocket FM raises $22.4mn funding in round led by Lightspeed

Company registered over 40 million downloads and 3 billion monthly listening minutes since its launch in 2018

Bata India to bet on franchise model for expansion in near future

Bata, while announcing its results for Q2FY22, said that it continued with its retail expansion drive in tier 3-5 cities through franchise route, taking the overall tally to 270+ as on date

Omicron may throw a wrench in companies' plans to return to office

Company executives are beginning to consider different permanent work models for their employees as pandemic, and the spread of the Omicron variant, destabilise their latest return-to-office plans.

Greenko group embarks on dollar bond issuance to refinance project debt

Greenko is one of the country's leading renewable-energy companies with an operating capacity of 5.2 GW and 138 projects across 14 states

Indian companies were progressive during Covid-19 pandemic: Study

97 per cent of them having an active short-term incentive plan for in-year performance recog­ni­ti­on

D2C footwear brand Neeman's raises Rs 7 cr in debt from Stride Ventures

The sustainable footwear brand was founded two and a half years back and has sold 250,000 pairs of footwear since then.

HDFC Bank quickest to list among 100 global firms, shows data

E-commerce giant Amazon also is among the fastest as it went public in just three years.

Companies gear up for Omicron version of coronavirus vaccines

Zydus to keep a laboratory product ready based on the new variant

Data management platform Parablu raises $1 mn in pre-Series A round

The SaaS company builds secure, enterprise-class data management solutions

Companies bullish on their hiring plans this quarter, says report

Due to businesses re-pivoting and refocusing their strategies to better meet customer and market wants, the workforce requirement is slated to increase: Report

CFOs optimistic about economy, business growth in FY22: Deloitte India

According to the survey, M&A was considered as a key growth driver for FY22

Asian Paints to invest Rs 960 cr to expand Gujarat unit's capacity

Asian Paints Ltd said it will invest Rs 960 crore to expand the manufacturing capacity of its facility situated at Ankleshwar in Gujarat

500,000 cos went out of biz, 700,000 new cos registered in 6 years: Data

As many as 12,808 companies were closed down in 2016-17, 70,972 companies in 2019-20 and 14,674 in the last fiscal, the data showed

Constructive dissonance essential for better neeti

Aberrant judgements occur often in institutions where constructive dissonance is absent

Profit concentration in India Inc rises amid private sector growth

20 most profitable companies account for 65% of corporate profits

14 cos approached govt to settle retrospective taxation cases: Revenue Secy

As many as 14 companies against whom retrospective tax demands were raised have approached the government to settle cases, Revenue Secretary Tarun Bajaj said.