Page 2 - Indian Corporates

Fall in rural wage, labour crunch in urban areas hit construction sector

Corporate players are expecting construction activity to pick up during the current quarter

No involvement in Tek Fog; revenue from corporates: Persistent Systems

Denying "any involvement" in the 'Tek Fog' matter, mid-tier IT company Persistent Systems on Friday asserted that "most if not all" of its domestic revenue comes from corporates

Coworking firms lease 21% more office space in 2021 across top 8 cities

Co-working operators expanded their portfolio aggressively last year and took on a lease 21 per cent more office area across the top 8 cities to meet the rising demand of flexible workspaces from corporates amid the COVID pandemic, according to Cushman & Wakefield. The leasing of office spaces by co-working operators across eight major cities increased to 4.91 million square feet in 2021 from 4.05 million square feet in the previous year. These eight cities are -- Bengaluru, Hyderabad, Pune, Mumbai, Delhi-NCR, Chennai, Kolkata and Ahmedabad. Cushman and Wakefield India in its quarterly Office Market Beat report highlighted that the share of the co-working segment in the gross office leasing grew to 9.4 per cent last year from 8.1 per cent in the previous year. Across eight major cities, the coworking players provided on lease 78,869 seats or desks in the 2021 calendar year to occupiers, mainly to corporates. In 2020, the report said that 37,759 seats were given on lease to ...

FIBAC 2021: India Inc spoilt for choice as funding avenues open up

Panelists at FIBAC say banks lose monopoly of being only source of funding to firms

Corporate sustainability: Adani firms score above average points in survey

Adani Green Energy and Adani Transmission have scored 66 points and 63 points, respectively, in the corporate sustainability assessment (CSA) survey 2021 conducted by DJSI-S&P Global, which is higher than the average world electric utility sector score of 38 points. "Adani Green Energy Ltd (AGEL), the world's largest solar power developer, scored 66 points in the corporate sustainability assessment (CSA) survey 2021 conducted by DJSI - S&P Global. This is significantly higher than the average world electric utility sector score of 38," the company said in a statement. Adani Transmission Ltd (ATL) in its statement said it has scored 63 points in the 2021 corporate sustainability assessment (CSA) survey conducted by DJSI-S&P Global. "This is significantly higher than the average world electric utility sector score of 38," it added. AGEL Chief Sustainability Officer Santosh Kumar Singh said, "This achievement is a manifestation of the Adani vision to steer India towards a ...

India set for stronger performance going forward, says KV Kamath

The country's economy is set for a stronger performance going forward, driven by growth in large corporates, agriculture and most importantly digital startup sector, veteran banker KV Kamath said

Govt may offer pre-pack insolvency resolution plan even for large firms

To quicken the pace of stressed asset resolution, the Centre may soon come up with a prepackaged insolvency framework under the IBC for large corporates, similar to the one introduced for SMEs.

Corporates' demand for flexible workspace up 73% in Jan-Jun period

Leasing of flexible workspace by corporates rose 73 per cent to 31,538 seats during January-June period on a year-on-year basis, with enterprises looking to save cost besides flexibility

Flexible office space stock to grow 10-15% annually over next 3 years

India's flexible office space segment has a total stock of 36 million sq ft currently and is likely to grow 10-15 per cent annually over the next three years on rising demand from corporates

Practo aims to vaccinate over 10 million as India fights coronavirus

Practo announces 'Corporate Suraksha' programme under which employees from over 1,000 corporates across India will be vaccinated in first round

Corporates garner Rs 18.56 trillion via BSE platforms in FY 21

Indian corporates raised over Rs 18.56 lakh crore in 2020-21 through BSE platforms amid COVID-19, a surge of 53 per cent from the preceding fiscal, the exchange said on Tuesday.

Top corporate houses pay 20% more tax this fiscal, shows CBDT data

HDFC Bank tops the list, followed by SBI

IBC activity likely to see gradual rise after resumption, say experts

The CIRP, which was suspended in light of the Covid-related stress, covers a one-year period ending March 24, 2021

Privatisation of railway services, infra to benefit corporates: Opposition

Opposition parties on Wednesday warned that privatisation of various railway infrastructure and services would only benefit corporates and result in depletion of the PSU behemoth's financial resources

CPI criticises Union Budget, says it is pro-corporate, nothing for poor

The Communist Party of India (CPI) on Monday criticised the union budget, claiming it was pro-corporate and big businesses and has nothing for the poor.

Budget Byte: Healthy corporate profits may help improve govt spending

Rising corporate profits and relatively unaffected salaries may help continue this trend giving a positive impetus to government spending

Time to take stock of our personal reserves, meaning of our work: K M Birla

We will look back at the year not so much for the memories it helped us create, as for the new tangents and angles it forced on the arc of our recent history

Ex-HDFC CEO Aditya Puri backs corporates in banking, says no harm in trying

Former HDFC Bank chief executive Aditya Puri on Tuesday backed the proposal to allow deep-pocketed corporates into banking in India. Puri, the founder chief executive of what has become the largest private sector lender who retired recently, said the country needs more banks to fuel its economic growth ambitions and capital will have to come from somewhere. Late last year, an internal working group of RBI had proposed to re-allow corporates into banking, leading to a huge controversy on concerns over potential conflicts of interest. "Giving (banking licences) to individuals didn't work, public ownership didn't work either. There is no harm trying it," Puri said during an online event. He named Yes Bank, started by two individuals, and also infra lender IL&FS which faced troubles over governance as cases which did not work and underlined the need to try something new. In order to become a USD 5 trillion economy, India needs to have more banks and a corporate with a good set of ...

With change in rules, fears of corporate domination loom over Indians

Corporates have warned against the use of WhatsApp for company work.

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Raj Narayanam's fintech Zaggle is an SaaS firm that ensures its clients don't worry about financial control, as it uses cutting-edge tech to manage enterprise expenses and staff rewards & incentives