Page 17 - Indian Companies

This decade is being called as 'techade' of India: PM Modi at startup meet

In an interaction with startups, Prime Minister Narendra Modi on Saturday said that this decade is being called as 'techade' of India

PHDCCI for removing customs duty on copper concentrate in Budget

PHDCCI on Friday said it has suggested to the government to remove customs duty on copper concentrate as the move would encourage domestic companies to manufacture value added products in India

PM Modi to interact with over 150 startups across sectors on Saturday

Prime Minister Narendra Modi will interact with more than 150 startups from various sectors, including agriculture and health, on Saturday via video conferencing. Startups from various sectors such as enterprise systems, space, industry 4.0, security, fintech, environment besides agriculture and health will be part of this interaction, the PMO said on Friday. More than 150 startups have been divided into six working groups based on themes including growing from roots, nudging the DNA, from local to global, technology of future, building champions in manufacturing, and sustainable development, it said in a release. Each group will make a presentation before Modi on the allotted theme in the interaction. The aim of the interaction is to understand how startups can contribute to national needs by driving innovation in the country, the release said. As part of Azadi ka Amrit Mahotsav, a week-long event, "Celebrating Innovation Ecosystem", is being hosted by DPIIT, Ministry of Commerce

Longest drought for overseas equity offerings since liberalisation

No overseas equity capital market issues have been seen in the last three years

Companies plan to increase CSR funding towards skill, education: Survey

A significant percentage of companies in India plan to increase their corporate social responsibility funding towards skilling and education in 2022, says a TeamLease EdTech survey.

Cutting corporate debt

Banks will struggle to grow in the coming quarters

Q3 preview: India Inc may see 100-120 bps margin compression, says report

The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report. Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue growth to Rs 9.1 lakh crore during the quarter ending December, the Crisil report said on Tuesday. Software major TCS will open the earnings season Wednesday. For the first time in as many as 12 quarters, corporate profitability as defined by the earnings before interest, taxes, depreciation and amortisation (Ebitda) margin, is likely to drop by 100-120 bps year-on-year and 70-100 bps sequentially in the December quarter, as 27/40 sectors with 300 companies tracked, excluding financial services, and oil & gas sectors, are likely to see their operating margin shrinking, the report said. According to the analysis, the margin fall will be led by software (230-250 bps fall due ..

Riding the storm: Meet Riyaaz Amlani, CEO, Impresario Handmade Restaurants

A voice of the restaurant industry, Amlani tells Pavan Lall that while the pandemic has been hard, it has also helped separate the wheat from the chaff

Colgate India meets distributors' body to sort out issue of price parity

Colgate India's meeting with distributors comes after the traditional channel stopped supplying its Colgate MaxFresh range of products in Maharashtra

83% jump in hirings: FY22 could be IT's best ever, shows data

Big 5 will collectively induct at least 160,000 employees

Supply chain visibility player FourKites looks to expand presence in India

The company is credited to have tracked 2.5 mn global shipments daily in 2021 and boasted of ties with 50% of the fortune 500 giants during the year

Bombay Shaving Company raises Rs 160 crore from multiple sources

The hair removal brand plans to launch in international markets such as: US, Europe, GCC and Australia.

Plixxo, MissMalini, Winkl and Vidooly to create largest creator platform

Beauty conglomerate Good Glamm Group has invested Rs 200 crore seed capital in the new creator platform called Good Creator Co.

CCI orders probe against IREL for abuse of dominant position

Competition Commission has ordered a detailed probe against state-owned IREL (India) Ltd, which is into mining and production of minerals, for alleged abuse of dominant position.

Sanjeev Churiwala joins Tata Power as chief financial officer

Tata Power on Monday said Sanjeev Churiwala has joined the company as its new Chief Financial Officer. Ramesh Subramanyam, the erstwhile CFO, will be moving into a new role within the Tata Group, the company said in a statement. Churiwala has more than 27 years of corporate experience spanning across the financial services sector. He was previously with Diageo as the Regional Finance Director-APAC and Global Travel Retail. He has also worked with Holcim's Indian listed subsidiary Ambuja Cements. "We welcome Sanjeev to the Tata Power family. He brings with him vast experience in financial management along with strong strategic capabilities. His vast Indian and global experience will be valuable to us as we accelerate towards the next phase of profitable and sustainable growth," Tata Power CEO and MD Praveer Sinha said. Churiwala holds an Executive MBA degree from the London Business School and is a fellow member of The Institute of Chartered Accountants of India, Institute of Compa

ONGC appoints Alka Mittal as company's first ever female Chairman & MD

She was the senior-most ONGC Board Member after Kumar's retirement

M-cap of nine of top-10 most-valued firms jumps over Rs 1.11 trillion

The valuation of Tata Consultancy Services jumped Rs 24,635.68 crore to reach Rs 13,82,280.01 crore

India's new billionaires: A record 40 promoters entered the club in 2021

A record 40 promoters entered the club in 2021, beating the previous high of 24 in FY10

After Hindustan Unilever, Colgate items to go off shelves in Maharashtra

Distributors in state to stop supplying Colgate products in phases from January 1

India Inc expects 2022 to be a growth story: Business Standard CEO poll

India Inc to hire more and increase capacity in the new year to meet rising demand