Page 14 - Indian Companies

Top headlines: India Inc divided over new apps, tax revenues at record high

Business Standard brings you the top headlines this morning

Top headlines: India's FY21 CEO earnings, Russia's suspension from UNHRC

The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up business. More on that story in our top headlines.

India Inc raises a record green capital of $19 billion in 2021

India Inc has raised a record USD 19 billion in green capital in 2021, led by Wall Street major Bank of America, which is only a fraction of the USD 1 trillion that global corporations raised in green financing in the year. While corporate India raised USD 19 billion in green capital in 2021, Bank of America participated in USD 15.65 billion. Globally, the Wall Street major was part of a fourth of the USD 1-trillion green funding drive, helping mop up USD 250 billion, the bank said. In the country, it was part of the eight deals/issuers worth USD 15.65 billion, which included loans, M&As, debt capital and equity capital market funding, it added. It can be noted that BofA had in April 2021 set a target of helping mobilise USD 1.5 trillion in sustainable financing by 2030 and also announced its exit from funding carbon-based companies. Comparative numbers are not available as the lender has not been categorising fund-raise differently. The biggest domestic issuer was the USD ...

Tangedco to raise Rs 7,600 cr via bonds; may import coal for summer demand

Tamil Nadu's state power utility has decided to import 4.8 lakh tonnes of coal as demand surges

Vedantu on track to be 'IPO-ready' in 18-24 months

Edtech startup Vedantu on Thursday said it is on track to be "IPO-ready" in 18-24 months, and is upbeat about the India market prospects that offer ample headroom for growth. With COVID-19 cases receding and offline learning modes opening up, the blazing pace of growth in online learning has sobered a bit, but the market is still yielding robust growth numbers, it said. The company said that as much as 90-95 per cent of the market remains unpenetrated, offering massive scope for edtech players to expand. Vedantu said it is adequately funded for now, and does not anticipate fresh funding requirement for the next two years. The company, last year, raised USD 100 million from a clutch of investors, and had entered the coveted unicorn club. "Within the time frame of 18-24 months we want to be IPO-ready, which means the shape of our P&L (Profit and Loss), our systems and associated processes, we want to be robust and mature in those," Vamsi Krishna, CEO and co-founder of Vedantu, said .

From flexible hours to child care, India Inc innovates to hire more women

Getting women back to paid jobs after a long break is part of a growing awareness across India Inc

Worsening outlook

Fundamentals warrant stock price correction

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.

BS Annual Awards 2021: Stellar jury picks the best of India Inc

Eight of country's top decision-makers met virtually to select the winners in 7 categories

In a first, India opens up central govt procurement market to UAE

Experts say this may open a Pandora's box with demand for similar commitment

84% of Indian companies plan ASEAN HQ in Singapore: SC Survey

Last week, Singapore announced major relaxation of COVID-19 measures which will help it take a giant step towards exiting all pandemic-era restrictions

Why the mega acquisition of Blinkit may give Zomato digestion problems

Market sentiment, inadequate data and unsustainable unit economics are stacked against the acquisition plan and 10-minute food delivery.

BS Awards for Corporate Excellence: Power-packed jury to pick winners today

The jury will select the best in corporate India from a list based on financial data as well as qualitative aspects

190 of 1,080 industries polluting Ganga shut down, says govt

The Centre on Monday said of the 1,080 industries causing pollution in Ganga in five states, 190 have been closed while 165 are still not complying with norms. Of the 165, closure orders have been issued to nine and show-cause notices has been served to 156 grossly polluting industries, it said. Responding to a question in Rajya Sabha, Minister of State for Jal Shakti Bishweswar Tudu said about 280.17 million litres per day (MLD) effluents is being discharged into river Ganga main stem having BOD load of 9.68 tons per day. According to the inventorization of 2020-21, 1,080 Grossly Polluting Industries (GPIs) operating in five river Ganga main stem states namely Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal were inventoried in consultation with concerned state pollution control boards, Tudu said in a written response. Inspection of GPIs were carried out during October 2020 to March, 2021 through technical institutes (TPIs) and action on inspection reports were taken b

Indian companies stay put in Russia but pharma exports could be hit

Executives at Indian pharma companies Torrent Pharmaceuticals and Zydus Lifesciences said they saw little or no impact on sales due to the Ukraine conflict.

Hindustan Unilever announces key changes to management committee

FMCG major Hindustan Unilever on Wednesday said it has appointed Madhusudhan Rao and Deepak Subramanian to its management committee. Rao has been appointed as Executive Director, Beauty & Wellbeing and Personal Care, while Subramanian has been named as Executive Director, Home Care. Rao takes over from Priya Nair, who will move into her new global role as Chief Marketing Officer for Beauty & Wellbeing. Similarly, Subramanian takes over from Prabha Narasimhan, who has decided to leave the company to pursue an external opportunity. Rao is currently Executive Vice President Home and Hygiene, Unilever. He joined HUL in 1991. On the other hand, Subramanian, currently Vice President Home Care, Southeast Asia / ANZ (SEAA) & Global Head, Fabric Enhancers, joined HUL in 1995 as a management trainee. "I am delighted to welcome Madhusudhan and Deepak to the HUL Management Committee. Madhusudhan has a successful track record in a variety of operational and strategic roles. He has ...

Volex acquires majority stake in inYantra Tech in $13-mn transaction

inYantra Technologies Pvt Ltd on Monday said UK-based integrated manufacturing-services and power products company Volex plc has acquired a majority stake in it in a transaction totalling $13 million

Women managers: India lags major regional peers, ESG scores risk impact

Other countries also have higher gender diversity on company boards, says BofA Securities report

Competitive overhang clouds Cummins India's medium-growth outlook

At the current price, the stock is trading at 30x its FY23 earnings estimates

Russia-Ukraine crisis: Indian firms brace for fresh round of price spike

In addition to rising oil prices and disruption in supplies, CEOs are worried how rising oil prices will impact their sales