Page 42 - Indian Companies

RCEP decoded: Why India chose to stay out of Asia's mega free trade pact

Indian business community felt it would be swamped by imports with low duties, which it would not be able to compete with. The govt decided that it cannot afford to take the chance

Leaders and laggards: Sectors that did well in Q2, and those that didn't

Banking, oil and gas, pharma, tyres, cement, and FMCG (except tobacco) were among sectors to register a good performance for the quarter ended September

Slaying the dragon: 71% Indians boycotted Chinese goods this Diwali

China-made products - from smartphones and electrical components to home decor items - gained traction here since the mid-2000s, when they flooded the markets with their cheaper alternatives

Market capitalisation of 8 of top-10 most valued firms zooms Rs 1.9 trn

Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment

EPL Ltd board approves to acquire Creative Stylo Packs; to pick 72.5% stake

The board of EPL Limited, formerly Essel Propack Ltd, has approved the acquisition of Creative Stylo Packs Ltd in a part-cash and part-stock transaction.

Repco Home Finance reports standalone Q2 net profit at Rs 80.80 crore

Repco Home Finance on Friday said it has clocked standalone profit of Rs 80.80 crore during the quarter ending September 30, 2020.

India Inc hands out an austerity parcel to employees this festive season

With contactless exchanges becoming the new normal, companies are preferring e-gifting options.

Govt's emergency credit line 2.0 to help India Inc revive, expand

The stressed sectors identified by the panel include aviation, power, construction, steel, roads and real estate.

Kwality net loss narrows to Rs 14.52 crore in September quarter

Debt-ridden dairy firm Kwality on Thursday reported narrowing of its consolidated net loss to Rs 14.52 crore for the September 2020 quarter.

After worst decline in a decade, Indian companies see profits rebound

Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg

From Jan 1, e-invoicing mandatory for firms with turnover Rs 100 cr or more

Currently, e-invoicing is mandatory for companies with annual turnover of at least Rs 500 crore

Kesoram Industries hopes to conclude restructuring process by Dec

Kesoram Industries Ltd is focusing on a sustainable turnaround and expecting to conclude its second phase of restructuring process by inducting a strategic investor into it

Great Eastern Energy Corp's net profit falls to $3 million in H1FY21

India-focused coalbed methane (CBM) explorer Great Eastern Energy Corp Ltd on Wednesday said its profit in April-September period of this fiscal halved as sales got impacted due to COVID-19 lockdown.

Sundaram Home Finance to raise Rs 2,000 cr in H2 through debt, bank funding

The company plans to raise it through a mix of debt instruments and bank funding

Climate change push

Pvt sector participation is a welcome step

Godfrey Phillips India board pushes for additional independent director

Currently while there are four independent directors at present, there are five non-independent ones, including Ruchir Modi and R A Shah, who is chairman of the company

Tata Power consolidated net profit rises 10% to Rs 371 crore in Q2

On a consolidated basis, Tata Power Group's Q2 FY21 revenue was up by 15 per cent at Rs 8,413 crore as compared to Rs 7,329 crore last year.

Four years on

Even with hindsight, hard to say demonetisation was a success

Samvat 2077: Investors must look for safety first, tone down expectations

Given the sharp volatility, it is preferable to stick to leaders or top-tier players across sectors as they consolidate their position and gain market share

India Inc looks forward to enhanced Indo-US ties as Joe Biden wins

India Inc on Sunday hailed the victory of Joe Biden in the US Presidential election saying a "democratic process voted for a change"