Page 25 - Indian Companies

Advance tax collection: Automobile, IT firms lead surge in April-June qtr

Maruti Suzuki, Hero MotoCorp, TCS, and Infosys reported a jump between 44 per cent and 200 per cent in the April-June quarter of this financial year on account of a low base

Firms' m-cap grew fastest in 2020 despite GDP contraction: SBI economists

Indian firms' market capitalisation grew at the fastest pace last year among major economies despite contraction in GDP, economists from SBI said, flagging the risks to financial stability it poses

Asian Paints vice chairman Manish Choksi joins Bizongo Advisory board

Bizongo, a B2B platform for unbranded goods, on Monday said it has created an advisory board and onboarded Asian Paints Vice Chairman Manish Choksi to the panel. The industry veteran brings with him over three decades of entrepreneurial and leadership experience in strategic integration of technology with a sharp focus on business expansion and growth across global markets, a statement said. Bizongo, which recently closed its series C funding of USD 51 million, is gearing to transform into a sustainable global institution as it expands in emerging markets of South East Asia, such as Thailand, Indonesia, Malaysia and Vietnam and starts servicing the developed markets of US, Middle East, Europe, it added. "With Choksi's counsel, Bizongo aims to ramp up its efforts across digital vendor management, supply chain automation, and supply chain financing. In parallel, the company is also focusing on creating a stronger portfolio of unbranded products that are not limited to packaging and ..

Siva lenders to receive Rs 5 crore cash upfront, take 94% haircut

To receive Rs 318 crore of total dues amounting to Rs 4,863 crore

We didn't expect flood of insolvency cases, says IBBI chairman M S Sahoo

He also said that not many applications had been filed under the prepackaged scheme brought in for micro, small and medium enterprises (MSMEs)

Genpact plans to hire, train and support coronavirus-hit workforce

Launches 'Rise Together' to train prospective employees cutting across age groups

Global tax, local complexities: What G7 corporate tax deal means for India

The recent G7 proposal of a global minimum tax has mixed implications for Indian corporations, foreign majors operating here and the tax authorities

Essar Shipping board to meet again to approve financial results

Essar Shipping on Wednesday said that its board could not approve the financials for the March quarter and the year ended March 31, 2021 due to unavoidable circumstances in finalisation of accounts

Top 100 companies' share in cash market turnover drops over the last year

Now below 50%, compared with 75% a year ago

Businesses struggling with rising cost of raw materials: PHDCCI survey

The supply chain disruptions are causing skyrocketing commodity prices: PHD Chamber of Commerce and Industry President Sanjay Aggarwal

Competition law in digital platform era

Are we running a cricket match using football rules?

Taxation of startup exits needs a revisit: 3one4 Capital's Pranav Pai

The taxation policy disincentivises Indian capital from investing in local startups in two ways

Tata Sons finances escape Covid blow; TCS remains the prime cash cow

Holding firm set to get record Rs 22,000 crore dividend from group companies

India Inc trims FY22 growth outlook over third Covid-19 wave fears

Companies remain cautious about improvement in sales in FY22

Covid-19 crisis: Services activity shrinks for first time in 8 months

Firms cut jobs at fastest pace in 6 months as local lockdowns hurt demand

Artha Venture Fund announces final close of Rs 220 crore debut fund

A surge of interest in Indian start-ups and the robust performance of the seed fund's early investment made AVF overshoot its target

Cabinet secy-led panel wants PLI scheme revamp to boost manufacturing

Suggests institutional mechanism, regular hand-holding for firms

The bull ride

Retail exuberance keeps stock markets going

Chemical firm Rossari Biotech to acquire Unitop Chemicals for Rs 421 crore

Speciality-Chemicals manufacturer Rossari Biotech on Wednesday announced the acquisition of Unitop Chemicals, a supplier of surfactants, emulsifiers, and specialty chemicals, for Rs 421 crore.

Explained: Why tax is a dilemma for start-up founders in India

After the abolition of the dividend distribution tax, the taxability of salaries and dividends in the hands of a founder of a bootstrapped start-up will be broadly similar, says Ritesh Kumar, IndusLaw