India Inc has learnt to take risks and compete with global players to create wealth, industry experts said on Monday.
Tata Steel, Suzlon mop up $700 million; Tata Power to raise $250 million. Tata Power also joined the queue on Tuesday and launched its $250-million GDR issue, with an option to retain a higher amount.
India Inc borrowed heavily in December.
India Inc's order book has more than doubled to an all-time high of Rs 73,320 crore in the second quarter of the current financial year, compared to the first quarter.
83% of the CEOS plan to hire more in the new year.
India Inc on Monday saw signs of turnaround in the economy with the GDP showing a growth of 6.1 per cent in the first quarter of the fiscal 2009-10.
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
Individuals will have to wait for some more time; RBI may do away with mid-quarter policy reviews.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
Riding high on the buoyant economy, an overwhelming majority of the India Inc lists innovation among the top three strategic priorities as compared to their global counterparts, a survey says.
India Inc welcomed the Railway Budget by describing it as "balanced" focused on passenger safety and infrastructure modernisation.
While asking firms not to worry about sharp volatility in prices, Birla said companies must make sure they do not get caught in 'comorbidities'.
Mergers and acquisitions are set to become one of the most important trends of 2007 for India Inc, with the total deal value crossing $50-billion mark with one more month still to go. According to data compiled by international consultancy major Grant Thornton, India Inc recorded M&A deals worth $940 million in November, taking the total for first 11 months of 2007 to $50.79 billion.
Modern Indian women have come a long way from playing the stereotypical role of a housewife to donning the roles of CEOs in leading Indian and foreign companies.
Ashok Soota has cited 4 challenges that India Inc is facing. He stressed on a robust risk management strategy for Indian companies. He also stated responding to changes in market environment, resolving legal and regulatory differences and encouraging leadership and accepting cultural diversity as other challenges. Highlighting the challenges faced by the India Inc, experts said globalisation is essential to pursue growth opportunities and leverage comparative advantage.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
'Instead of making this a four-year phenomenon, when you look at us and get thrilled, do it more regularly.'
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
Corporates understand that the PMO drives all key decisions in this government.
India Inc has couter attacked claims by US presidential candidates about the drain of jobs from US to India.
Anil Agarwal breaks into big three; Anil Ambani group out of top 10; Essar, Adani lose out to JSW, Shiv Nadar & Motherson Sumi
Regretting that the concept of voluntary CSR has not picked up in India, Corporate Affairs Minister Veerappa Moily on Wednesday said the new Companies Bill would make it mandatory for corporate to earmark part of their profit for corporate social responsibility (CSR) initiatives.
Legal fees in such cases can go up to Rs 5 crore.
Women leaders, succession planners and lawyers say doors in family businesses are opening but a stronger push is needed.
'We like certain stocks from banking, insurance, retail, hospitals and capital goods.' 'Though some of these stocks may seem expensive, they will compound well over the long term, thus justifying their current multiples.'
The depreciating Indian rupee (the currency touched a record low for the second day in a row and closed at 53.22/23 to the dollar on Tuesday) has brought the foreign fund-raising cost for India Inc on a par with the domestic borrowing cost.
According to a report by global research firm Dun & Bradstreet, the composite Business Optimism Index for the second quarter of 2008 has decreased to 153.7 from 168.9 in the previous quarter. This is a 9% fall. BOI measures the pulse of the business community and serves as a reliable benchmark for investors and is arrived at on the basis of a quarterly survey of business expectations. The optimism index for profits represents a decrease of as much as 21 percentage points.
Revenue and profit contractions to continue till investment cycle does not revive.
Weighed down by a sharp rise in input costs and limited ability to pass on the burden to customers, India Inc's operating margins took a hard knock in the first quarter of 2008-09 even though demand was buoyant as reflected in zooming sales.
At present, when Indian corporates declare dividends, a dividend distribution tax is slapped at 15 per cent.
The market cap of the listed firms on the Bombay Stock Exchange and the National Stock Exchange on Monday declined by a whopping Rs 125,000 crore (Rs 1,250 billion) to Rs 43,75,020 crore (Rs 43,750 billion), thereby falling below the GDP of Rs 46,93,000 crore (Rs 46,930 billion) at current market price, as per the real economy data released by the Reserve Bank of India on April 28 this year.
The market cap of the listed firms on the Bombay Stock Exchange and the National Stock Exchange on Monday declined by a whopping Rs 125,000 crore (Rs 1250 billion) to Rs 43,75,020 crore (Rs 43750.20 billion), thereby falling below the GDP of Rs 46,93,000 crore (Rs 46930 billion) at current market price, as per the real economy data released by the Reserve Bank of India on April 28 this year.
Finance Minister Nirmala Sitharaman on Friday asked private sector companies to clear dues to small businesses within 45 days and admitted that the central departments and enterprises are also not making payments to them on time. She conceded that the Centre, states and state-owned enterprises too have outstanding dues to micro, small and medium enterprises (MSMEs). The minister said that at a meeting with big businesses here two days ago, she had appealed to them to ensure that the dues of small businesses, who are the backbone of the economy, are cleared on time.
Initial projections, at least, suggest that things are not looking good enough for India Inc, as margins are expected to soften further.
Senior bankers point out that while they will eventually attract qualified professionals, onboarding them takes time.
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