Page 30 - Indian Companies

Contradictory AAR verdicts on CSR under GST regime baffle companies

Recently, the Uttar Pradesh AAR had held that CSR spend by companies is eligible for input tax credit

50 mtpa capacity expansion plan is going in right direction: Ambuja Cement

Ambuja is evaluating brownfield expansions in Bhatapara and Maratha plants

PE-VC exits from Indian companies at two-year high after Covid-19 setback

The first quarter of 2021 saw the highest number of exits, both in terms of value and volume, in the past five quarters

Cyclical stocks to lead India Inc's earnings growth in fourth quarter

The country's top brokerages expect Nifty50 companies to report a combined net profit of Rs 1.2 trillion in Q4FY21, translating into year-on-year growth of 142 per cent from Rs 49,645 crore a year ago

GST: Firms challenge constitutional validity of arrest rules in top court

Counsel for companies raises concerns about whether or not well accepted, judicially tested, fair and proper procedures are being followed during such arrests

Govt to earmark nearly Rs 1,000 crore to support fabless start-ups

Some of these companies are likely to scale up, become global chip design entities

Mohalla Tech, Gupshup become latest entrants to the unicorn club

Six firms, including these two, have been added to the club just this week

A comprehensive win for the Tatas

They stand vindicated in the Mistry saga, but what is legally sound may not conform to the best standards of governance

Kalyan Jewellers reports revenue growth of 60% in Q4 FY'21 for India ops

Kalyan Jewellers on Thursday said it has witnessed a robust increase in consumer demand and seen revenue growth of nearly 60 per cent in its India operations in the fourth quarter ended March 31, 2021

Coal India records all-time high capex of Rs 13,115 crore in FY'21

Coal India on Thursday said its capital expenditure (capex) grew more than two-folds to hit an all-time high of Rs 13,115 crore in the just concluded fiscal

Coffee Day stares at bankruptcy as asset sale fails to make headway

According to an exchange filing, for the March quarter, CDEL's outstanding debt was Rs 280 crore

Mirages in corporate governance

The issue of separation of powers between corporate owners and professional managements has become a hardy perennial in the Indian corporate governance discourse

Remdesivir output to be ramped up as Covid-19 cases rise sharply

Zydus had recently also slashed prices of its remdesivir brand Remdac to Rs 899 per dose

Insolvency law changes to give better resolution framework for MSMEs: Govt

The government on Wednesday said the latest amendments to the insolvency law by way of an ordinance are aimed at providing an efficient alternative resolution framework for MSMEs

PLI scheme for food processing industry well received by companies: Govt

The government on Wednesday said the production-linked incentive scheme for the food processing industry has been well received by companies like Nestle, ITC, Britannia, KeventerAgro and Amul.

The second wave: Migrant crisis looms again as Covid-19 curbs expand

Lack of business to hit payouts, pushing people out of jobs and cities

Adani Group becomes 3rd Indian conglomerate to cross $100 billion in m-cap

Gautam Adani's ports-to-energy conglomerate has become India's third group to cross USD 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high

HDFC to acquire 10% stake in Kerala-based asset management firm

Mortgage lender HDFC Ltd on Monday said it will acquire 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML.

Airlines, hotels stare at uncertain future amid new curbs in Maharashtra

Tightening of travel restrictions and introduction of RT-PCR tests by more states had led to a near flat air traffic growth in Feb and demand will be dented further due to new curbs in Maharashtra.

India's changing corporate landscape

We are in the early stages of an extraordinary episode of rapid scaling up of new companies