Page 19 - Indian Companies

Bajaj Electricals to review corporate structure for better opportunities

The company is currently engaged in the business of consumer products and engineering procurement and construction segment

Top 500 Indian firms added $1.2 trn wealth so far in CY21: Hurun report

This comes on the back of record highs in the stock markets, caused by a fast-growing digital economy and greater optimism for the post-Covid growth trajectory of the Indian economy

MapmyIndia raises Rs 312 cr from anchor investors at Rs 1,033 per share

33% of anchor book allocated to 9 mutual funds through 17 schemes

Serum may cut Covishield's monthly production by half as govt orders dry up

The Pune-based firm has 500 million doses of Covishield in stock

Over 396,000 cos removed from official records for non-compliance in 5 yrs

More than 3.96 lakh companies were removed from official records in the last five financial years after following the due process under the companies law, according to official data. The corporate affairs ministry, which is implementing the Companies Act, 2013, struck off 12,892 companies from the official records in the last fiscal, while the number stood at 2,933 in 2019-20. Figures provided by Minister of State for Corporate Affairs Rao Inderjit Singh to the Rajya Sabha in a written reply on Tuesday showed that a total of 3,96,585 companies were removed from the Register of Companies in the last five financial years. In 2016-17, a total of 7,943 companies were removed from the register, while the count was at 2,34,371 in 2017-18 and 1,38,446 in 2018-19. To a query on whether many companies were struck off on account of lack of compliance, the minister replied in the affirmative. Pursuant to provisions of Section 248 (1) of the Companies Act, the name of a company can be removed

Spread of Omicron variant puts spanner in back-to-office work

However, some companies say that a permanent work-from-home policy is not feasible in India

At $4.5 billion, investment in SaaS companies grows 170% in 2021

India now has 13 SaaS unicorns and between 7 and 9 companies with $100 mn+ annual recurring revenue (ARR)

Companies raised Rs 52,759 cr from IPOs till October this fiscal: FM

A total of Rs 52,759 crore has been raised by 61 firms through IPOs till October this fiscal, higher than the funds mopped up through this route in the last financial year, govt said

Indian companies were progressive during Covid-19 pandemic: Study

97 per cent of them having an active short-term incentive plan for in-year performance recog­ni­ti­on

Best of BS Opinion: The succession question, growth spending & more

Here is the best of Business Standard's opinion pieces for Thursday

If given PLI, we'll make India a hub, say electric cycle companies

The Indian cycle industry (including e-cycles) is estimated to be 22 million units pa with revenues of $1.3 billion.

Bessemer Venture Partners raises $220 mn for early-stage India investments

The company's global portfolio includes Pinterest, Shopify and in India it has funds in PharmEasy and BigBasket.

Pee Safe plans to launch more than 50 retail outlets over next 12 months

The stores being planned will be franchise-owned brand exclusive stores (FOFO) and the time frame is 12 months

Consumer companies hit bump in digitising the supply chain

Parle Products has a system called sales force automation with its on-ground sales team to help it capture demand from retailers

M-cap of nine of top 10 most valued firms erodes by over Rs 2.6 trillion

The valuation of Infosys took a hit of Rs 37,950.03 crore to reach Rs 7.11 trillion and that of HDFC plummeted by Rs 33,067.68 crore to Rs 4.96 trillion

Brokerages are betting on pharma stocks with India focus: Analysts

While domestic growth is pegged at double digits, recovery in the US may take a couple of quarters

Govt to help restart MSMEs which shut down during pandemic: Rane

The Centre is mulling providing help to the micro, small and medium enterprises which were closed during the COVID-19 pandemic and a high-level meeting has been held in this regard

India to reach net zero emissions by 2070, says Bhupender Yadav

Realising the effect of climate change on sustainable businesses, corporates in India are taking a serious note of the environmental, social and governance aspect to become more resilient, Yadav said

Feel free to wear flip flops: Hinduja heir to bank staff

In an interview, Karam said he told his employees to be more like the bank's clients

Inflation heat: Consumer goods firms' share in India Inc profit drops

Their net profits down 26 per cent in H1FY22 over H2FY21 owing to higher input costs