Corporate Growth
Corporates use 99% of their time on self-interest: Yoga guru Ramdev
Corporates use 99 per cent of their time on self-interest, while the time of a seer is for the good of all, Yoga guru Ramdev said here on Sunday. He also said the three days he was here was more valuable than the time of billionaire industrialists like Ambani and Adani. Ramdev was addressing a function organised to felicitate his aide Acharya Balkrishna in the presence of Chief Minister Pramod Sawant and Union Minister Shripad Naik. "I have come here for three days from Haridwar. The value of my time is more than that of Adani, Ambani, Tata, Birla. Corporates spend 99 per cent of their time in self interest, whereas a seer's time is for common good," he claimed. He hailed Balkrishna for reviving Patanjali from a sick company to a firm with a turnover of Rs 40,000 crore this financial year due to his professional governance, transparent management and accountability. The dream of making India 'param vaibhavshali' can be achieved by creating empires like Patanjali.
 "Corporates use 99% of their time on self-interest: Yoga guru Ramdev")
KFin Technologies IPO subscribed 0.70 times on Day 2, issue closes Wed
Financial services firm provides services and solutions to asset managers and corporate issuers
 "KFin Technologies IPO subscribed 0.70 times on Day 2, issue closes Wed")
ICICI Bank adopting a 360-degree approach in corporate banking business
Analysts see risk of attrition due to the shift in culture its implementation
 "ICICI Bank adopting a 360-degree approach in corporate banking business")
Borrowing costs bite: Interest-rate surge hurts corporate profits
Interest expenses of listed firms (ex-BFSI) were up 18.5% YoY in Q2FY23
 "Borrowing costs bite: Interest-rate surge hurts corporate profits")
Companies see slowdown in growth of temporary, contract and casual jobs
As a result, the ratio of temporary, contract and casual jobs as a proportion of the total workforce is at its lowest in at least five years
 "Companies see slowdown in growth of temporary, contract and casual jobs")
'Risks to global markets could arise from central bank rate actions'
Market is building an earnings growth of 10-12 per cent for FY23, which seems achievable given the present earnings momentum and economic outlook, says Sanjay Chawla of Baroda BNP Paribas MF.
 "'Risks to global markets could arise from central bank rate actions'")
Karnataka, Manipur, Cahandigarh top NITI ranking for innovation, growth
Chhattisgarh is last among major states in index based on seven broad parameters and 66 indicators
 "Karnataka, Manipur, Cahandigarh top NITI ranking for innovation, growth")
An astonishing recovery
The rise in corporate earnings in FY21 was largely led by a handful of big companies in price-sensitive sectors such as metals and mining, and oil and gas.
 "An astonishing recovery")
Ukraine war may cripple exim trade, trim corporate margins: Report
The Russian invasion of Ukraine, and the flurry of punitive sanctions have the potential to cull India's imports on one hand and also lead to input cost pressure on downstream companies in India Inc
 "Ukraine war may cripple exim trade, trim corporate margins: Report")
Bajaj Hindusthan Board gives in-principle nod for capital restructuring
A decision in this regard was taken at the Board's meeting held on Thursday
 "Bajaj Hindusthan Board gives in-principle nod for capital restructuring")
Result season: Higher commodity prices dent corporate India's Q3 margins
According to the report, the ongoing results season is behaving largely on expected lines as far as topline growth is concerned
 "Result season: Higher commodity prices dent corporate India's Q3 margins")
Spike in credit demand from corporate, RAM segments: Indian Bank MD & CEO
In a Q&A, Shanti Lal Jain talks about recovery in demand, bad loan trends and the status of Covid recast
 "Spike in credit demand from corporate, RAM segments: Indian Bank MD & CEO")
Corporate India ahead in embedding sustainability across strategies: Report
It has been revealed that 57 per cent organisation in India has a sustainability strategy that has been acted upon and clearly communicated.
 "Corporate India ahead in embedding sustainability across strategies: Report")
Citicorp Finance reworking business strategy to focus on corporate lending
Banking sources said Citigroup is in an advanced stage to sell its consumer business unit in India.
 "Citicorp Finance reworking business strategy to focus on corporate lending")
Bajaj Electricals to review corporate structure for better opportunities
The company is currently engaged in the business of consumer products and engineering procurement and construction segment
 "Bajaj Electricals to review corporate structure for better opportunities")
Moratorium under IBC applies only to corporate debtor not to promoters: SC
The Supreme Court has held that moratorium under provisions of IBC which restrains initiation of any fresh proceedings applies only to the Corporate Debtor but does not protect the promoters
 "Moratorium under IBC applies only to corporate debtor not to promoters: SC")
Global M&A volumes hit new record in 2021, overtaking last year's haul
(Reuters) - Global merger and acquisition (M&A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning of the year that has been aided by low interest rates and soaring stock prices.
 "Global M&A volumes hit new record in 2021, overtaking last year's haul")
Beyond corporate deleveraging
India's growth drivers are under pressure
 "Beyond corporate deleveraging")
Q1 results: 230 early bird companies report 71% jump in net profit
Good Q1 showing on the back of last year's low base; sales low sequentially
 "Q1 results: 230 early bird companies report 71% jump in net profit")
Making of Bidenomics
The idea of a global minimum tax rate has merits
 "Making of Bidenomics")
