Page 37 - Indian Companies
Research spends have been under pressure as listed companies go slow
Many record zero spending for the latest financial year
 "Research spends have been under pressure as listed companies go slow")
Reliance races past TCS to become most-valued domestic firm once again
Reliance Industries Limited (RIL) once again went past Tata Consultancy Services (TCS) to become the country's most-valued company by market valuation on Friday.
 "Reliance races past TCS to become most-valued domestic firm once again")
Firms garner Rs 92K cr via public equity issuance in Apr-Dec: Eco Survey
A 46 per cent jump from the preceding financial year, with rights issue remaining the most preferred route for financing business needs
 "Firms garner Rs 92K cr via public equity issuance in Apr-Dec: Eco Survey")
A year of living and working in the shadow of Covid-19 pandemic
For many businesses, the need to have people coming into office has shrunk. For many others, however, it remains integral to their operations
 "A year of living and working in the shadow of Covid-19 pandemic")
IndiGo posts Rs 620-crore loss in Dec quarter, plans to ramp up capacity
Logs 4th quarterly loss; will ramp up capacity to return to profitability
 "IndiGo posts Rs 620-crore loss in Dec quarter, plans to ramp up capacity")
IDBI Bank posts net profit of Rs 378 cr in Q3; net interest income up 18%
Deposits grew from Rs 2.18 trillion in December 2019 to Rs 2.24 trillion.
 "IDBI Bank posts net profit of Rs 378 cr in Q3; net interest income up 18%")
Companies can't hold capital assets created with CSR funds: Experts
If such capital expenditure was incurred as part of CSR in the past, the assets need to be transferred within six months.
 "Companies can't hold capital assets created with CSR funds: Experts")
Hindustan Zinc plans to increase earnings through diversification
The company will have its cadmium metal unit up and running by the first quarter of FY22
 "Hindustan Zinc plans to increase earnings through diversification")
KPIT Tech reports marginal rise to Rs 42.9 crore in December quarter
Auto industry-focused IT firm KPIT Technologies on Thursday reported a marginal rise in December quarter net at Rs 42.9 crore as against Rs 40.9 crore in the year-ago period.
 "KPIT Tech reports marginal rise to Rs 42.9 crore in December quarter")
Best of BS Opinion: Budget with a long-term view, corporate earnings & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Budget with a long-term view, corporate earnings & more")
Time's up: TikTok to shut operations in India after permanent ban
According to sources, the scaling back will occur in two batches over the next few weeks
 "Time's up: TikTok to shut operations in India after permanent ban")
Swiggy's revenue jumps 115% to Rs 2,776 cr, losses up 61% to Rs 3,768 cr
The Bengaluru-based food delivery giant's total expenses for the fiscal were reported as Rs 6,545 crore
 "Swiggy's revenue jumps 115% to Rs 2,776 cr, losses up 61% to Rs 3,768 cr")
Revival in realty, industrial segment to support Supreme Industries' stock
Strong demand for plastic pipes, higher value-add mix drive earnings upgrade
 "Revival in realty, industrial segment to support Supreme Industries' stock")
JK Paper reports decline of 51% in net profit at Rs 64.59 crore for Q3
JK Paper Ltd on Wednesday reported a decline of 51 per cent in its consolidated net profit at Rs 64.59 crore for the third quarter ended December.
 "JK Paper reports decline of 51% in net profit at Rs 64.59 crore for Q3")
India Cements reports Rs 62 crore in profit for December quarter
India Cements Ltd clocked standalone net profits at Rs 62.02 crore for the quarter ending December 31, 2020, the company said on Wednesday. The city-based noted industrialist N Srinivasan-led company had registered Rs 5.37 crore as net loss during corresponding quarter previous year. For the nine month period ending December 31, 2020 standalone net profits surged to Rs 150.41 crore as against Rs 75.56 crore registered a year ago. For the year ending March 31, 2020, the company had clocked standalone net loss at Rs 35.51 crore. Total income on a standalone basis stood at Rs 1,162.91 crore for the quarter under review as against Rs 1,194.42 crore recorded corresponding quarter last fiscal. For the nine month period ending December 31,2020 standalone total income slipped to Rs 2,998.68 crore from Rs 3,915.36 crore registered in the same period last year. For the year ending March 31,2020, standalone total income was at Rs 5,085.28 crore. The COVID-19 pandemic situation
 "India Cements reports Rs 62 crore in profit for December quarter")
Marico Q3 net profit rises 13% to Rs 312 cr; revenue up 16% to Rs 2,122 cr
The company had posted a net profit of Rs276 crore in the October-December quarter a year ago.
 "Marico Q3 net profit rises 13% to Rs 312 cr; revenue up 16% to Rs 2,122 cr")
Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc
Local sourcing of components and state monitoring keep firms away from production-linked incentives
 "Tax sops over subsidies: Why PLI scheme doesn't enthuse India Inc")
Top headlines: BSNL-MTNL merger shelved, India Inc's big boys get bigger
Multinational companies operating in India and big domestic firms are grappling with an emerging challenge: How to deal with employees who refuse to take the Covid vaccine. Read top stories here
 "Top headlines: BSNL-MTNL merger shelved, India Inc's big boys get bigger")
The bottleneck of govt contracting
The path to progress lies in first building a mature research process and developing a community of practice
 "The bottleneck of govt contracting")
India Inc's big boys get bigger still as unorganised market shrinks
Q3 results point to the trend; consolidation will continue, say analysts
 "India Inc's big boys get bigger still as unorganised market shrinks")
