Page 10 - Indian Companies

India Inc is beginning to take baby steps towards LGBTQ+ inclusion

Tata Steel, Godrej Consumer Products among those ushering in change

Govt makes first disbursement under PLI scheme, Delhi firm to get Rs 52 cr

Dixon Technologies getting money after international companies expressed concern about scheme due to delays in disbursement

'We need to stop dividing country; govt, industry need to do more'

Billionaire Nadir Godrej has said we need to "stop dividing the country" and urged the government as well as the industry to "do more" on this aspect. Godrej, the chairman and managing director of the diversified Godrej Industries, said we are doing very well on the economic front and also undertaking welfare measures like financial inclusion and education, but efforts ought to be made to "unify the country". "I think we need to try and unify the country and stop dividing the country. I think that is important and I am sure the government also recognises the economic growth requires that, and we should be focusing on that," Godrej told PTI on the sidelines of a book launch earlier this week. When asked if the industry also needs to do more on this front, he said, "Of course, industry should try and do things also by trying to be as inclusive as possible. And the government should also do more." Godrej's comments are rare among top industrialists, who generally refrain from speaking

BSE 200: Adani stocks outperform indices, Zomato down 57.8% in 2022 so far

Top gainers have surged between 50% and 315%, while new-age tech companies, such as Zomato and PB Fintech, have lost half their market value

Indian companies changing rules to call employees back to office

Apart from Indian companies, Apple Inc has asked its employees to attend office three times a week. Employees have been asked to attend office on Tuesdays, Thursdays and a day depending upon the team

No evidence of Indian companies bypassing Russian sanctions: US official

The US Deputy Secretary of Treasury Wally Adeyemo on Wednesday said there is "no evidence" of Indian companies circumventing the sanctions imposed following Russia's invasion of Ukraine. "I've seen no evidence of Indian companies circumventing sanctions that have been placed on Russia," Adeyemo told reporters during a visit to IIT-Bombay here. He added that companies around the world, including those in India, the US and Europe, are taking the sanctions seriously and implementing them as well. The remarks come days after reports quoted RBI Deputy Governor Michael Patra saying that the US is concerned over India being used to export fuel made from Russian crude in violation of sanctions imposed by Washington. According to Patra, transfers of Russian crude are taking place on the high seas and the ships come to a port in Gujarat, where the oil is refined and shipped on. Adeyemo also said that the coalition of the sanctions is broadening, with many countries joining. The Treasury ..

India's Brahmaputra Infrastructure soars 11% after $22.2 million order win

BENGALURU (Reuters) - Shares of Indian construction and engineering company Brahmaputra Infrastructure Ltd, jumped 11.31%, after the company said it received an order worth 1.77 billion rupees

India Inc sees deal value decline as prime investments vanish: Reports

India Inc saw steepest decline in deal values owing to the lack of big-ticket investments last month, registering 171 mergers and acquisitions (M&A) and private equity (PE) deals valued at $2 billion, a new report has shown.

Indian employees likely to see bigger salary hike in 2023, says report

Some of the sectors which have been included in the survey are- financial services, banking, and technology, media and gaming

Firms in India expected to give 10% hike in 2023; highest in APAC: Report

Companies in India are expected to give a salary hike of 10 per cent in 2023 as they struggle with rising attrition in the tight labour market, according to a report

Six-day work weeks won't work anymore for new talent, says report

According to a report, companies with 6-day work weeks have to settle for leftover talent

Business doyens of independent India

On the 75th Independence Day of India, we tip our hat to the business leaders who have shaped the journey so far. The enterprises steered by them shifted India from a Nehruvian to a neo-liberal model

India Inc's profits fall off record high in April-June quarter

Earnings lowest in four quarters; sales surge

India at 75: 12 landmarks for Indian markets between 2015 and 2020

From top rating for India's financial market regulatory framework to RIL becoming the first Indian company to top $200 bn in m-cap, here are the 12 biggest events for stock markets from 2015 to 2020

EnKash: Powering India's SMEs and start-ups with a suite of corporate cards

The firm currently has a user base of 100,000 enterprises and processes transactions worth about Rs 28,000 cr a year

Indian companies swapping dollar for Asian currencies to buy Russian coal

Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar.

PwC India completes acquisition of Salesforce consulting firm Venerate

Venerate, which was founded in 2016 in Bangalore, builds customised solutions on the Salesforce platform across multiple clouds. The solutions help organisations in managing customers and sales

Shriram City Union Finance posts 61 per cent rise in Q1 net profit

Assets Under Management (AUM) increased by 21 per cent to Rs 40,414 crore as against Rs 33,509 crore during the same time last financial year

Mergers & acquisitions on rise as startups diversify into newer spaces

The second half of 2022 will see further consolidation as established start-ups look for M&A opportunities at attractive valuation to increase market share

Vardhman Textiles Q1 reports net profit of 4.13% to Rs 313.35 crore

The gross revenue of the company is Rs 2,731.01 crore which is higher by 44.25 per cent over the corresponding quarter of the FY22