The controlling shareholders of smaller and mid-sized companies are reducing their stakes at levels seldom seen since the 2008 global financial crisis. Over 20 per cent of companies listed on BSE MidCap and BSE SmallCap have seen a decline in promoter holdings for five consecutive quarters, reveals data from DSP Mutual Fund, shared with Business Standard. In the latest June quarter, the figure stood at 22.6 per cent.
Indian companies are generating more cash than ever. The net cash flow from listed firms' operations hit a new high of Rs 11.1 trillion in financial year 2023-24 (FY24), crossing the Rs 10-trillion mark for the first time, according to the Centre for Monitoring Indian Economy (CMIE) data going back to 1990-91. The FY24 figure represents a 19.3 per cent jump over the previous year, even as quite a few companies are yet to release their numbers.
A key indicator of corporate efficiency may now be better than at any time since the turn of the millennium. The net working capital cycle - a crucial measure that tracks the time a company takes to convert current assets like inventory into sales and then collect the money from customers - has seen remarkable improvement. According to data from the Centre for Monitoring Indian Economy (CMIE), the average company needed nearly 90 days to complete this cycle in 1999-2000.
The operations revealed evidence of price and volume manipulation of stocks through the use of platforms like YouTube and WhatsApp.
This negated the gain of more than a dozen seats in Odisha, Madhya Pradesh and Kerala.
If the decline reflects a loss of faith in the democratic process, even a well-executed social media nudge may not help.
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
Moveable assets accounted for 46 per cent of the wealth of the 10 richest candidates in the first phase of the 2024 elections.
The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
Key individual parties have cornered a larger share, with some favouring regional and others national players.
The share of candidates who were successful among the BJP was 56.5% in 2019. It was 5% for the Congress.
Mumbai accounts for the largest share of electoral bonds sold since inception.
96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.
A quarter of the stocks have been replaced since 2019, marking the evolution of India's economy.
If Indian companies were people, around 20 per cent of the listed space would be individuals whose salaries don't cover their loan instalments.
Many individuals filing tax returns declare zero tax liability. They accounted for two-thirds of the total individual returns filed.
Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
Manufacturing's share in the profit pool of companies had declined before the pandemic.
Higher valuation creation in companies beyond the top 100 has given the domestic markets a shot at a $4 trillion market capitalisation (mcap) - a club exclusive to three countries currently. On November 23, the mcap of all BSE-listed stocks finished at a new record of Rs 328.33 trillion ($3.94 trillion), despite the benchmark indices ending with losses. The mcap was propelled by gains in the broader market, including small and midcap stocks - a trend dominant this year.
Bihar has fertile grounds for caste to emerge as an electoral issue.