Page 31 - Indian Companies

India's changing corporate landscape

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

Consumer goods major Marico bets on double-digit volume growth in Q4

Marico expects low double-digit bottom line growth in Q4.

Govt amends insolvency law; introduces pre-packaged resolution for MSMEs

Seeking to provide a quicker and value-maximising outcome for stressed MSMEs, the government has introduced a pre-packaged resolution process for such enterprises by amending the insolvency law.

Infosys shares climb nearly 2%; M-cap rallies by over Rs 6 trillion

Shares of Infosys on Monday gained nearly 2 per cent with its market valuation crossing over Rs 6 lakh crore mark following buying in other IT stocks.

Green energy arm of NTPC to raise Rs 2,100 crore through term loan

NTPC REL is likely to borrow through both domestic and international markets to minimise the borrowings costs

Catamaran Ventures in talks to invest in B2B e-commerce platform Udaan

GMV is a term used in online retailing to indicate the Gross Merchandise Value of products sold through the marketplace over a certain period of time

Woodland forays into personal care segment, launches deodorant range

Leading footwear and performance apparel brand Woodland has forayed into the personal care segment by introducing a range of deodorants.

Last day to submit EoI for semiconductor fabrication units pushed back

Firms need more time to prepare their DPRs: Govt

PLI deadline: Device makers likely to knock on PMO door for extension

The scheme was the first among the 10 new PLI schemes across various sectors which was announced last September

Adani Group rules post-pandemic rally in FY21, adds Rs 5.34 trn to m-cap

The analysis is based on a common sample of 1,056 companies that are a part of the BSE 500, BSE MidCap, and BSE SmallCap indices

Three mantras for informal sector

By some accounts, the informal sector accounts for more than 80 per cent of the workforce and 50 per cent of the GVA in India

Byju's raises $460 mn in ongoing Series F round led by MC Global Edtech

As reported earlier, Byju's is in talks to raise up to $700 million from new and existing investors in a fresh funding round

Second Covid-19 wave: Night curfew pushes Patiala biz to the brink

The hospitality sector, which was gradually picking up after the lockdown, is one among many that is feeling the heat

Statsguru: IBC mechanism ready to take up cases after a year-long hiatus

As many as 1,942 cases are currently going on under the Code (as of Septem­ber 2020)

Status check of PLI schemes that aim to make India world's factory

Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers

Corporate affairs ministry facilitates tracking down of payments to MSMEs

From the next month, companies are required to disclose trade payables according to their ageing - less than one year, 1-2 years, 2-3 years, and more than three years - in their financial statements

Limited e-invoicing window a worry for small and medium companies

The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses with Rs 100 crore or more on January 1

ReNew Power plans to raise $575 million in green bonds this year

Such fundraising by Indian companies has hit close to $5 billion in 2021 so far

Cairn to seize overseas Indian assets to enforce $1.2-bn arbitration award

UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover USD 1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return USD 1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a

Govt mandates companies to disclose investments in cryptocurrencies

Govt asks companies to also reveal CSR spend, benami property transactions from FY22