Page 44 - India Inc

India Inc holds back on dividends

Dividend by early birds up 1% in FY17, cash-rich firms prefer stock buyback to reward shareholders

India Inc overseas borrowing rises 11.6% to $1.69 billion in March

Domestic firms had borrowed $1.52 billion through external commercial borrowing in March 2016

India Inc seals deals worth $17.9 billion in Q1 2017: Report

India M&A activity saw a robust start in the first quarter of this year with the value of deals doubling to USD 17.9 billion, says a report. In the corresponding three months a year ago, the deals were valued at USD 9.2 billion. According to global deal tracking firm Mergermarket, notwithstanding the significant rise in the value of deals, the number of transactions declined to 76 in January-March this year from 110 in the year-ago quarter. Moreover, India's market share grew significantly in the Asia-Pacific (excluding Japan) region comprising 13.2 per cent of the total regional deal value, the highest proportion across all quarters since 2013, Mergermarket India M&A trend report Q1 2017 said. The telecom sector attracted deals worth USD 13.6 billion from three deals in the January-March period, as compared to only USD 60 million from two deals a year ago. The top deal this quarter was Vodafone Group's merger of Vodafone India with Idea Cellular, contributed USD 12.7

IMF warns of worsening India Inc financials if protectionism rises in world

International Monetary Fund (IMF) on Wednesday cautioned that corporates balance sheets would be hit hardest in India, besides China and South Africa in case protectionism rises in the world. It also warned against bad debt situation of banks in India."In a scenario of rising protectionism,... the greatest deterioration in corporate balance sheets would occur in China, India and South Africa," IMF said in its Global Financial Stability Report released on Wednesday. It, however, added that emerging market economies (EMEs) have become more resilient, benefiting from a recovery in global commodity prices and still-supportive external conditions.Even then, these economies face challenges along several channels in case protectionism rises. The corporate and banking sectors could face broad-based risks, it added. Turning to the banking sector, it said although the profitability of banks in emerging market economies is generally strong, particularly compared with that in the United States ...

Indian CEOs prefer to cut costs to fuel growth: PwC survey

Almost three-fourth of Indian CEOs sure of growth prospects over next one year, versus 38% globally

When India Inc scions branched out on their own

There are many examples of offspring who left the family business to pursue their own interests

India firms borrow $2.23 bn from foreign sources in Feb, shows RBI data

During the month, Indian firms raised $1.01 bn through ECBs, using automatic and approval routes

India Inc's dividend pay at record high

In the past 5 years, payout has grown at 11.9% every year; net profit has declined at a rate of 0.6%

India Inc's CSR spending crosses Rs 18,600 cr in two years

Of the total amount, 4,925 private firms incurred CSR expenses of Rs 6,462.10 cr

India Inc deal tally soars to $62.5 billion in 2016, says Report

With more economic reforms expected, the current year is likely to be 'action-packed'

India Inc's foreign borrowings in November stood at $488.49 mn

Commercial vehicle maker SML Isuzu raised USD 20.89 million for modernisation work

ECB repayment turns costly for India Inc as rupee weakens

Nearly $50 bn loans due for repayment in FY17 & FY18, making India Inc liable to currency volatility

India Inc nets Rs 6.3-lakh crore from markets

Sentiments in equity markets have also weakened due to the demonetisation

Expect a sharper near-term slowdown, says Nomura

Analysts say, Dec quarter results could be a 'wash-out'; improvement in the Mar quarter may be slow

Rising commodity prices may squeeze India Inc margins

After a 500-basis point gain over the past six quarters, India Inc's Ebitda margins will be under pressure on rising metal and energy costs

India Inc's overseas investment plunges 71% to $747 million in Nov

The investments were a mix of issuance of guarantees ($255.97 mn), loans (254.58 mn) and equity ($237.23 mn)

Tax uncertainty worries India Inc

With barely 3 months to go for the FY17 to end, the govt is yet to release a guidance note or final rules of GAAR

As policymakers huddle, India Inc is still not ready for GST

Large companies have begun their ground work, but small and medium enterprises don't seem ready for the new tax regime

Eight years later, India Inc more vulnerable

Corporate indebtedness is now twice what it was before global financial crisis; banks' bad loans ratio is 3.5 times higher

India Inc's voting season

India Inc floated around 9,664 proposals for shareholder approval between January and September 2016