Page 18 - Indian Companies

Asian Paints second most valuable paints company in the world

The company's stock price ended 0.5 per cent higher on Friday at Rs 3,382 on the BSE

Flipkart tops Fairwork India Ratings 2021, Urban Company comes in second

Flipkart is followed by Urban Company, Asia's largest home services marketplace and Tata-owned online grocer BigBasket.

IPO fireworks in New Year too; firms likely to garner Rs 1.5 trillion

All said, the possible impact of the coronavirus pandemic, especially with the emergence of Omicron, might still be a cause for concern

India Inc raises over Rs 9-trn through equity, debt issuances in 2021

In 2020, firms raised Rs 11 lakh crore, including Rs 7.91 lakh crore through debt and Rs 2.12 lakh crore through equity

Acquisitions, strong growth outlook likely to limit downside for Wipro

Prior to the recent rally, the stock had been an underperformer

GST officers unearth Rs 150 crore cash at UP businessman house

GST officers on Friday searched residences of partners of UP-based Odochem Industries and unearthed over Rs 150 crore cash, along with factory premises of Shikhar brand Pan Masala manufacturer and a transporter on charges of under-invoicing and tax evasion. The factory premises of Trimurti Fragrance Pvt Ltd, manufacturers of Shikhar brand Pan Masala and Tobacco products, and office/godowns of transporter Ganpati Road Carriers were searched and "tax dues" of over Rs 3 crore was recovered, the finance ministry said in a statement. Residential premises of Kannauj-based Odochem Industries, who were supplying perfumery compound, mostly in cash, were also searched on suspicion that the sale proceeds in cash were secreted in the premises. During the search proceedings at the residential premises, huge amount of cash, wrapped in paper, has been found. The process of counting of cash has been initiated with the help of officials of State Bank of India, Kanpur, which may continue till Friday

Edtech needs to self-regulate before strict norms enter the scene: Industry

Govt advisory half-hearted, won't help curb malpractices in sector: Activists

Hindustan Unilever eyes central India to boost nutrition business

Aims double-digit growth in the region from current 1% this calendar year

FIBAC 2021: India Inc spoilt for choice as funding avenues open up

Panelists at FIBAC say banks lose monopoly of being only source of funding to firms

Vedanta plans to raise up to Rs 1,000 cr through non-convertible debentures

Vedanta Ltd on Wednesday said it plans to raise up to Rs 1,000 crore through non-convertible debentures (NCDs). In this regard, the company is holding a meeting of its duly constituted committee of the directors next week, Vedanta Ltd said in a filing to the BSE. "The company proposes to offer rated, secured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 1,000 crore," the filing said. The above issuance is pursuant to the board of directors' resolutions passed at their meeting held on May 7, 2019, and October 3 last year. Vedanta Ltd is a diversified natural resources company whose business primarily involves producing oil and gas, zinc-lead-silver, copper, iron ore, aluminium and commercial power.

Accenture's growth outlook augurs well for Indian IT services players

The company raised its revenue outlook for FY22 to 19-22 per cent in local currency, up from 12-15 per cent earlier

Margin war: Nestle India, ITC agree on price parity with distributors

In the last 20 days, AICPDF had written two letters to FMCG companies to resolve the issue of price disparity.

India's mergers & acquisitions volume in 2021 near all-time high: Report

There were 85 strategic deals valued at more than $75 million in 2021, out of which the percentage of first-time buyers is almost 80 per cent

ICAI to soon get powers to act against erring partnership firms

Chartered accountants' apex body ICAI will soon have powers to initiate disciplinary action against erring partnership firms as well

Gehlaut offloads 11.9% stake in Indiabulls HFC; to resign by March-end

Gehlaut will continue as chief executive officer (CEO) of Dhani Services, a company that was demerged from IHFL

Tata Group in talks with Taiwan companies to make chips in India

Indian conglomerate has a captive requirement for semiconductors

BS Awards: Be agile, adapt, says India Inc as change becomes a constant

The India Inc leaders, winners of the Business Standard Awards: Celebrating Excellence, were speaking at the 22nd edition of the awards held online

Urban Company's valuation rises to $2.8 billion in 4th ESOP sale programme

The ESOPs sold in this transaction have largely been purchased by existing institutional investors of the company.

Byju's 13th most valued unicorn, first Indian start-up to reach $21-bn

India could surely have had more $10 billion plus start-ups in 2021 had it not been for the pandemic

Sequoia Capital sees Indian financial firms' value soar to $2.5 trillion

Valuations for India's fintech companies should jump 10 times to $500 billion by 2030