Page 2 - Indian Firms

70% of Indian firms hit by a ransomware attack in last 3 years: Report

A year ago, a sophisticated attack on a provider of IT management software led to the compromise of scores of MSPs and thousands of downstream customers

AI to eliminate hiring bias, find skilled workers for Indian firms

Whopping 96.5% of recruiters at Indian startups and SMEs in India believe that the use of AI is one of the best ways to improve recruitment process, eliminate bias from hiring process, report showed

Rated Indian firms better placed to withstand rising rates, inflation: S&P

Companies and banks in India could feel the bite of rising rates and inflation, but rated firms are better cushioned to withstand the pressure, S&P Global Ratings said on Tuesday. It said further hike in interest rates is on the cards as the inflation remains above the RBI's upper tolerance limit of 6 per cent despite a 140 basis points increase in policy rate in the current fiscal year. "In a stress scenario we conducted, credit profiles will deteriorate for companies that account for 20 per cent of the outstanding debt analyzed. This is according to a stress test of more than 800 largely unrated companies in India, representing USD 570 billion in debt. Rated issuers are generally better cushioned to withstand rising rates and higher input costs," S&P said in a report. The US-based rating agency said it expects India's continued strong economic growth to positively affect companies' revenues. S&P had in May cut India's growth projections for the current fiscal year to 7.3

Over 50% India firms raise ICT budget, cybersecurity key concern: Report

More than 50% of enterprises in India have significantly increased their information and communications technology (ICT) budget this year compared to 2021, a report showed on Thursday

Internationalisation is the priority

Indian firms need to engage with global peers in their production reconfiguration

Bulk of India Inc's overseas debt is hedged: RBI governor Shaktikanta Das

Comments follow huge pressure on ruper versus the dollar due to record outflows from domestic equity markets amid elevated commodity prices and higher US interest rates

Bonanza for Indian euro loan borrowers as currency slides against dollar

Companies will have to buy fewer dollars to repay euro debt

Weak rupee a worry for Indian firms as 44% foreign loans unhedged

Experts say firms will have to either immediately take forward cover or book losses if Rs depreciates further

Well begun, but US recession fears to hit Indian firms' foreign M&As

Bankers bullish on local acquisitions by India Inc in rest of FY23

87% of Indian firms to hike their AI spend by 10% in 3 years: Report

Approximately 80 per cent of enterprises in the country have at least one AI model in production, indicating an extensive penetration of AI/machine learning (ML) across enterprises.

Low-profile billionaire philanthropist Pallonji Mistry passes away at 93

Billionaire industrialist Pallonji Mistry died in Mumbai last night

Top Indian firms show resilience post pandemic, Tata Group at top spot

Top Indian firms have shown resilience in post pandemic business conditions and TATA Group, with its brand value up 12 per cent to $24 billion, continues to be the most valuable brand, a report showed

Shell may sell Russian LNG plant stake to Indian consortium: Report

Shell seeks to sell 27.5% stake in Sakhalin-2 plant; Shell in talks with group of several Indian firms, say sources

12 Indian firms at higher risk of downgrade amid rising inflation: Fitch

The Indian utilities and oil & gas sectors, along with Chinese homebuilding, stand out with a high proportion of corporates assessed with a 'low' rating headroom

78% Indian organisations found to have been hit by ransomware: Survey

The survey found that 48% of Indian firms paid less than $5,000, while 10% paid $1 million or more

How will Microsoft for Startups Founders Hub benefit Indian firms

Asia has among the most dynamic startup scenes in the world and has quickly become a breeding ground for innovation over recent years.

Indian startups, big firms aim to make digital economy personal: Adobe

New innovations in Adobe Experience Cloud are customising experiences for millions of people and from startups to big firms in India, the aim now is to make the digital economy personal, Adobe said

Indian firms in MSCI among oldest but things changing, shows data

The entry of new-age companies will boost revenues but make indices pricier

Govt says 16,527 companies struck off during April 2020-June 2021 period

The Minister of State for Corporate Affairs said that terms such as 'shut down' or 'closed unit' or 'corporate unit' are not defined under the Act.

Indian firms see a silver lining in cloud adoption in pandemic-hit year

The Covid-19 pandemic accelerated Cloud adoption by several years in 2020