Page 36 - Indian Companies

Sebi relaxations help companies raise capital amid Covid pandemic: Official

The relaxations in regulations made by the SEBI to provide more leeway for companies to raise funds has a positive impact on the corporate sector, amid the COVID-19 pandemic

By FY2022-end, our business will be twice of pre-Covid levels: Rapido

Bike taxi platform Rapido has seen a strong recovery in its operations over the last few months and is confident of business doubling by the end of March 2022 from pre-COVID levels

Profits, credit quality of firms in India recovering 6 months faster: S&P

Profits and credit quality of companies rated by S & P Global Ratings in India, China and Pacific are recovering about six months faster than the agency anticipated with reducing downside risk to ratings.Indonesian companies, on the other hand, are unlikely to recover until the second half of 2022, said the report titled 'Asia Pacific Corporate and Infrastructure Credit Outlook 2021' which covers entities in India, China, Japan, Indonesia, Australia and New Zealand.The report discusses the pace at which corporate sector in these countries is likely to recover from Covid-19 pandemic. It also includes a list of credit trends on the radar of S & P Global Ratings analysts in 2021, including demand recovery, funding conditions and financial discipline."Significant downside risk persists for the credit quality of Asian companies with negative rating outlooks on nearly 25 per cent of investment-grade and about one-third of speculative grade companies we rate in region," said S & .

India's new CSR regulations make philanthropy compulsory for companies

New CSR rules replacing comply-or-explain regulations with a mandatory regimen have raised the stakes for large corporations

Bath fittings firm Watertec to set up plants in Gujarat, Odisha, Tamil Nadu

On the way forward, the company is targeting around Rs 1,400 crore in revenue, including 10 per cent from exports, by 2023-24. This translates to around 30 per cent growth

A pro-growth turn in government policy

The growth impact of PLI schemes could start showing up in FY22

Infrastructure push: Higher expenditure yet to reflect in top line

Combined net sales of infra, capital goods firms down 2.3% in Dec quarter

Lithuania a gateway for Indian firms to expand presence in Europe: Envoy

Lithuania is looking to broad-base ties with India in emerging high-growth areas like fintech, life sciences, digital technology and pharmaceuticals

India's internet startups on cusp of IPO, combined value at $180 bn: Report

India's internet startups leaders that operate business ranging from food delivery to e-commerce are now on the cusp of listing, a report said putting their combined value at $180 billion by 2025

MakeMyTrip raises $200 mn through a zero per cent interest coupon bond

MMT intends to use the net proceeds for working capital and other general corporate purposes.

Hikal's profit after tax rises 42.8% to Rs 40 crore in December quarter

Hikal on Thursday reported a 42.85 per cent rise to Rs 40 crore in consolidated profit after tax (PAT) during the quarter ended December 31, 2020.

Best of BS Opinion: Growth via ease of compliance, GameStop episode & more

Here are the top BS Opinions of the day

Growth through ease of compliance

Compliance procedures need rationalisation and integrated digital systems

Thermax net marginally down 2% at Rs 83 crore in December quarter

Thermax on Wednesday reported a marginal decline of 2 per cent in its consolidated net profit at Rs 83 crore for the December quarter, mainly due to certain exceptional items.

Adani Green Energy posts Rs 41.36 cr net profit in December quarter

Adani Green Energy on Wednesday posted a consolidated net profit of Rs 41.36 crore in the December quarter mainly on the back of higher revenues. The consolidated net loss of the firm was Rs 128.46 crore in the quarter ended on December 31, 2019, a regulatory filing said. Total income of the company for the quarter under review rose to Rs 842.91 crore from Rs 523.20 crore in the year-ago period. "Over the past year we have accelerated our commitment to the Renewable Energy Space based on the new data that has become available. I fundamentally believe that the targets of renewable power will continue to be raised given the need as well as the affordability," Adani Green Energy Chairman Gautam Adani said. Vneet S Jaain, MD & CEO, Adani Green Energy Ltd said: "AGEL has also continued its rapid capacity building despite the ongoing pandemic adding 700 MW in YTD (year to data) FY21 with commissioning of 475 MW and 225 MW added through inorganic opportunities. This has been possible ...

Investors richer by Rs 10.5 trn after Budget; Sensex crosses 50K-mark again

The Nifty50 index rose 367 points, or 2.6 per cent, to settle at 14,648, surpassing its previous record made on January 20

Annapoorna Masalas' new strategy targets revenue of Rs 500 cr in next 5 yrs

The 45-year-old Coimbatore-based brand is now headed by third-generation owners under the leadership of Executive Director Vijay Prasad

'Bold' budget to bring focus back to traditional sectors: Analysts

Brick-and-mortar segments such as construction, cement, metals get an infra-nudge; positive rub off for banks too

Budget 2021: Delhi govt accuses Centre of favouring big companies

The Delhi government accused the Centre of giving step motherly treatment to the national capital in the Union budget 2021-22, and claimed the budget is aimed at benefitting few big companies.

Budget 2021: Govt to revise definition of small companies, says FM

The government on Monday said definition of small companies will be revised by raising capital base to Rs 2 crore from the current limit of Rs 50 lakh