Page 5 - India Inc

India Inc's credit quality continues to improve in H1, may moderate: Crisil

India Inc's credit quality showed further improvement in April-September period with the ratio of upgrades to downgrades inching higher. The credit ratio's improvement to 5.52 in H1FY23 as compared to 5.04 in H2FY22 was driven by leaner balance sheets led by healthy cash flows and muted investments, Crisil Ratings, which rates 6,800 companies, said. However, the agency clarified that the data may not be fully representative as many small businesses with outstanding ratings have turned non-cooperative in sharing data on a continued basis which can be driven by adverse financial health. India Inc has emerged stronger post-pandemic, its managing director Gurpreet Chhatwal said, exuding confidence that the corporate India can weather the current storm caused by global events like higher inflation and monetary tightening which will hurt India's exports. Crisil's senior director Somasekhar Vemuri said there can, however, be a moderation in the credit ratio going ahead due to some of the

India Inc turns to tech, outreach to get quiet quitters motivated, engaged

A few companies are also stepping back to give their employees reboot time

India Inc's credit rating upgrade momentum continues in first half of FY23

Profiles have adequate headroom to navigate the current challenges.

Led by HDFC twins, India sees record $124-billion M&A deals in H1FY23

Bankers said the second half of the ongoing financial year will be led by government divestments

Govt must curb non-essential imports to stem rupee fall: CEO poll

India Inc encourages FDI, raising dollar deposits from NRIs

Productivity 'hyper focus' hurting employees, causing attrition: Report

Only 9% of managers say hybrid work model gives them confidence that employees are productive

India Inc seeks help from law firms to address moonlighting: Report

The companies want law firms to redraft employment agreements, find loopholes and enforce restrictions to address the issue of moonlighting

Double-digit salary hikes return as Aon survey pegs 10.4% for 2023

Study also found actual hikes in 2022 were 10.6% as against its previous projections of 9.9% in Feb 2022, the highest since 2012

The moonlighting volcano: Ready to erupt

Why is tension simmering between employers and employees over moonlighting?

Moonlighting: Well, why not?

The writing is on the wall, but many businesses will take a while to recognise that the transition to working from home and gig-work is permanent

India Inc braces for impact of rupee fall, rushes to take forward cover

In the short and medium term, chief financial officers are advising companies to take the right kind of derivatives products depending on their exposure

Moonlighters beware: Companies may start using digital tools to track them

Nasscom calls for firms to re-imagine engagement models

National Logistics Policy has potential to usher ease of moving: India Inc

The National Logistics Policy unveiled by Prime Minister Narendra Modi on Saturday will substantially reduce transportation costs across the entire supply chain and has the potential to usher in "ease of moving" in the country, India Inc said. The prime minister unveiled the National Logistics Policy that seeks to address challenges facing the transport sector and bring down the logistics cost of businesses from 13-14 per cent to a single digit. At a grand launch event, he said the policy aims to expedite the last-mile delivery, helping businesses save time and money. While the new policy addresses challenges of the logistics sector, it together with the infrastructure augmentation plan PM GatiShakti will address gaps, he said. CII Director General Chandrajit Banerjee said besides improving ease of doing business and ease of living, the policy along with other pillars of the PM Gati-Shakti has the potential to usher in an unprecedented era of 'ease of moving' in the country, ensuri

FM Nirmala Sitharaman calls for more women directors on India Inc board

Data from Prime Database shows that there are 2,350 women and 10,356 men holding position of directors at listed firms

India Inc overseas direct investment drops 59% to $1.03 bn in Aug: RBI data

India Inc's investment in their overseas ventures dropped by 59 per cent on an annual basis to USD 1.03 billion in August this year, data from Reserve Bank showed on Friday. The RBI data on Outward Foreign Direct Investment (OFDI) for August 2022 showed that the total financial commitment by the domestic firms was worth USD 1,027.67 million in August, 2022-23. In the same month of 2021-22, it stood at USD 2,500.97 million (USD 2.5 billion). In the preceding month of July 2022, Indian businesses' overseas financial investment was USD 1,116.69 million (USD 1.12 billion). Of the total investment during August this fiscal, the highest was in the form of equity infusion at USD 585.65 million. While USD 266.63 million was infused by way of issuance of guarantees, the rest USD 175.39 million was through loans. RBI said the data is provisional and subject to change based on online reporting by authorised dealer (AD) banks. Among the major investors, Lenskart Solutions infused equity wort

India Inc hesitant to invest as doubts remain on demand recovery: Analysts

They say high commodity prices, geopolitical uncertainty, and uneven consumer demand may have prompted firms to defer capex plans

Finance Minister Sitharaman nudges India Inc to clear unpaid dues of MSMEs

Nirmala Sitharaman said it is encouraging that larger companies are including amounts owed to MSMEs in annual statements

Top headlines: Rupee at 5-week high; Infosys says no to moonlighting

As many as 34 new drugs were added and 26 dropped from an updated list of essential medicines that will lead to prices being fixed, said the government on Tuesday.

FM Sitharaman asks India Inc why it is hesitant to invest in manufacturing

Finance Minister Nirmala Sitharaman on Tuesday sought to know from industry what is holding it back from investing in manufacturing, even though foreign investors show confidence in India. Drawing parallel between India Inc and mythological character 'Hanuman', Sitharaman said the government is willing to engage with the industry and take policy action. This is the time for India We cannot miss the bus, she added. She said the government has brought in production linked incentive scheme, cut tax rates to encourage the domestic industry to invest in manufacturing. No policy can be end in itself.. it keeps evolving as we go on. That applies even to industries that have come in the sunrise sector for which we have given policy support through an incentive. I would equally want to know from the Indian industry why is it that they are hesitant (to invest). We will do everything to get the industry come and invest here..(but) I want to hear from India Inc what's stopping you?, she ...

'No Double Lives': Infosys email warns employees against moonlighting

IT services firm's warning prompts non-profit group to say what 'employees do outside working hours is their prerogative'