Page 48 - Indian Companies

Corporate Affairs Min releases report on business responsibility reporting

A panel on Business Responsibility Reporting (BRR) has proposed a new reporting framework for companies to better reflect the intent and scope of reporting on non-financial parameters. The report was released on Tuesday. "In its report, the committee recommended a new reporting framework called as 'Business Responsibility and Sustainability Report (BRSR)' to better reflect the intent and scope of reporting on non-financial parameters," an official release said. Further, the panel has recommended two formats for disclosures. "The committee also recommended that the BRSR be integrated with the MCA 21 portal. As a long-term measure, the committee envisions that the information captured through BRSR filings be used to develop a Business Responsibility-Sustainability Index for companies," the release said. Filings under the Companies Act are submitted to the corporate affairs ministry through the portal. As per the release, Corporate Affairs Secretary Rajesh Verma appreciated the effo

Covid-19: Capital goods firms experiment with contracts, chase payments

Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm

Rs 3 trn loans to retail, small firms most stressed due to Covid-19: Report

It estimated the debt at risk loans at risk of slipping into NPAs this fiscal unless restructured by banks at a "sizeable" Rs 3 trillion

Akzo Nobel India reports Q1 net loss of Rs 20 cr as Covid-19 hits demand

The company had posted a net profit of Rs 57.14 crore during the April-June quarter of the previous fiscal, Akzo Nobel said in a regulatory filing.

HR steps in to ease work from home pressure amid Covid-19 pandemic

"A lot of this is desired but on many occasions fails in implementation. We find policies aplenty, but putting them into action is less common," says Anandorup Ghose, partner, Deloitte India

M&As to pick up once moratorium ends, loan recast takes off, say bankers

Several airlines, hotels, travel firms are likely to move their applications for one-time restructuring once moratorium ends. These companies will look at selling assets of stakes

Lessons from Covid-19: I was the mom of the house, says Rustomjee Group CMD

"In the weeks ahead, I will perhaps go to office twice a week instead of every day for half a day, as I used to before the lockdown," he said

Debt-recast scheme: CEOs want simpler and corporate friendly norms

CEOs say scheme should also be offered to companies that fell into crisis before Covid

Business Confidence Index falls 40% in June quarter: NCAER survey

It fell 62 per cent in the June 2020 quarter on a year-on-year (y-o-y) basis, according to a survey by the National Council of Applied Economic Research (NCAER)

Companies raise Rs 1.55 trn via BSE bond platform in FY21 so far

During 2019-20, the platform was used by 116 issuers for garnering over Rs 4.33 trillion from commercial papers, and by 121 issuers for raising Rs 3.36 trillion via bonds

Q1 results: 40% of corporate loans may require restructuring by banks

Firms that either reported operating losses or poor interest coverage ratio account for Rs 10.7 trn of debt

Tata Starbucks bullish on India despite hiccups: CEO Navin Gurnaney

The company's expansion plans for the country remain intact

Whirlpool profit before tax drops 92% to Rs 24.4 crore in June quarter

Its operating income fell by 48 per cent YoY to Rs 1,027 crore, from Rs 1,974 crore.

Insolvency and Bankruptcy Board amends liquidation process regulations

IBBI is a key institution in implementing the Insolvency and Bankruptcy Code (IBC), which provides for market-linked and time-bound resolution of stressed assets

Adani Enterprises reports consolidated loss of Rs 65.67 cr in Q1

The Gautam Adani-led company had clocked a consolidated profit of Rs 570.14 crore in the corresponding quarter a year ago, the company said in a BSE filing

Debt raising brings respite but financial condition is fragile: Economists

Taking advantage of low rates overseas and relatively relaxed norms by the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad

Nifty50 valuation hits all-time high as investors bid up share prices

Index is trading at 30.4 times its trailing 12-month earnings per share, highest since it began reporting its ratios in 1999

SC seeks govt's response on pleas against notification on company secretary

A plea has sought to form a high powered committee to look into the lapses which led to the closure of more than six lakh companies across the country

Lessons from Covid-19: Work-life balance is more nuanced now, says Daruwala

The good thing is that it's making one more versatile and adaptable

India Inc can move Sebi over grievances against proxy advisors

Experts said move is expected to improve accountability at proxy advisory firms who have gained clout in influencing how minority shareholders vote on resolutions