Page 51 - Indian Companies
JSW group will bring down China imports to zero in 2 years: Parth Jindal
While the firm's defence division does not import from China, its other businesses source products from that country.
 "JSW group will bring down China imports to zero in 2 years: Parth Jindal")
Chinese app ban to create funding hurdle for Indian unicorns and soonicorns
Experts foresee major impact on new investments by Chinese players in companies such as Paytm, Ola, BigBasket, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding
 "Chinese app ban to create funding hurdle for Indian unicorns and soonicorns")
Riding out the Covid-19 crisis: Auto shows pick-up signs in rural India
Maruti Suzuki India, the country's largest carmaker, on Wednesday reported a 53.8 per cent year-on-year decline in domestic passenger vehicle sales to 51,274 units in June due to Covid-19 crisis
 "Riding out the Covid-19 crisis: Auto shows pick-up signs in rural India")
Display of country of origin on products sold online: HC seeks govt's stand
A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Centre and e-commerce platforms Amazon, Flipkart and Snapdeal seeking their stand on the plea by July 22.
 "Display of country of origin on products sold online: HC seeks govt's stand")
India's electricity output signals recovery in June, shows govt data
June power generation fell 9.9%, a Reuters analysis of daily load despatch data from federal grid operator POSOCO showed, compared with a 14.3% decline in May.
 "India's electricity output signals recovery in June, shows govt data")
FinMin told to levy tax on imported goods to boost local products: Pradhan
The proposed Border Adjustment Tax would be imposed on imported goods in addition to customs duty to bring the imported product at par with locally-made products.
 "FinMin told to levy tax on imported goods to boost local products: Pradhan")
Q4 a red quarter for most of India Inc despite just seven days of lockdown
Except for finance and software players, companies report a combined loss of Rs 2,700 crore in Q4, the first in at least 24 quarters
 "Q4 a red quarter for most of India Inc despite just seven days of lockdown")
Covid-19 impact: Reliance Brands pushes direct sales to boost business
Through a blend of online events, video-guided tours and parties, and digital catalogues called "flipbooks", the company's sales have awakened after the easing of the lockdown.
 "Covid-19 impact: Reliance Brands pushes direct sales to boost business")
As unemployment and hunger strike, migrant workers start the return journey
Several companies in the manufacturing, industrial goods and real estate sector have even chartered aircraft to bring back their skilled and semi-skilled employees
 "As unemployment and hunger strike, migrant workers start the return journey")
Industry fears supply chain disruption amid curbs on Chinese imports
Global companies that manufacture here say the move will impact their supply chain and force them to halt production.
 "Industry fears supply chain disruption amid curbs on Chinese imports")
The corporate bond market is slowly starting to accept NBFCs back
The liquidity scare faced by the non-bank financial companies (NBFC) have eased somewhat, but even there, well rated companies are the beneficiaries who have started issuing debt papers in larger numb
 "The corporate bond market is slowly starting to accept NBFCs back")
The new office: How workplaces are undergoing dramatic transformations
The idea of working from home, once derided in India owing to the widely held belief that one "worked" only if one went to an "office", is now no longer an incentive but a necessity.
 "The new office: How workplaces are undergoing dramatic transformations")
Easier equity funding
Sebi's move a relief for cash-strapped companies
 "Easier equity funding")
Centre plans to decriminalise provisions of LLP Act, invites comments
More than 1.45 lakh LLPs are registered under the LLP Act and a bulk of them are small and medium enterprises.
 "Centre plans to decriminalise provisions of LLP Act, invites comments")
Without cash support, middle class will become the new poor, warns Rahul
He cited a Business Standard report about the plight of retrenched workers of a private company, who were staring at a long battle ahead.
 "Without cash support, middle class will become the new poor, warns Rahul")
Moratorium on loans: SC gives 3 days to FinMin, RBI to decide on interest
On March 27, the RBI had announced a three-month moratorium on all term loans in view of the Covid-induced lockdown and related disruptions.
M&M plans to exit loss-making international subsidiaries in a year
The move is prompted by the steep impairment loss reported by the consolidated entity as SsangYong Motor (SYMC), its Korean subsidiary, and Genzee, its two-wheeler entity in the US, turned in losses.
 "M&M plans to exit loss-making international subsidiaries in a year")
RBI proposes 10-yr term for bank promoter-CEOs, 15 yrs for non-promoters
If the CEO or WTD is not a promoter or major shareholder of the bank, that person can continue for 15 years at the bank, after which he or she must step down.
 "RBI proposes 10-yr term for bank promoter-CEOs, 15 yrs for non-promoters")
Allowing 75% of TCS staff to WFH by 2025 a guesstimate: N Chandrasekaran
The firm said it was rewiring its security processes, and deploying artificial intelligence and bots to ensure there is no data leakage in its pursuit for providing seamless work from home experience.
 "Allowing 75% of TCS staff to WFH by 2025 a guesstimate: N Chandrasekaran")
After long stint, retrenched Raymond staff stare at tough legal battle
Company denies retrenching 'workers', says cost rationalisation has impacted some managerial positions
 "After long stint, retrenched Raymond staff stare at tough legal battle")
