"Lady candidates need not apply." So read the postscript in a job notice from Telco (now Tata Motors) on a notice board in the corridors of the Indian Institute of Science, Bangalore (now Bengaluru), in 1974. Irked, Sudha Murty, who was then pursuing her masters in computer science at the institute, wrote a postcard to JRD Tata, expressing her surprise at this gender discrimination, especially since the Tata Group were pioneers on many fronts. Shortly, Murty became the first woman on the firm's shop floor.
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Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers.
The global Indian company has hit gold in the Emirates of the Gulf.
With the threat of a third Covid-19 wave looming large, companies are scrambling to protect employees and keep operations safe--from a no-jab-no-entry-at-workplace policy to ramping up vaccination, it's an all-out effort to prevent the scale of devastation seen in the first two waves. At least two top steel companies--Tata Steel and ArcelorMittal Nippon Steel India (AM/NS India)--are pushing for vaccination certificates for entry into work premises. AM/NS India, a joint venture between world's leading steelmaker, ArcelorMittal, and Japan's Nippon Steel, is set to make vaccination the certificate a requirement from July 1.
Budget in the medium term aims to kick-start the investment cycle.
Combined profit before tax of 81 firms down 37.5% y-o-y, worst show in at least 3 years.
The country's largest consumer goods company Hindustan Unilever says it has been able to reduce its water use by regular metering, monitoring and controlling of utilities consumption at all its manufacturing sites
For fast-moving consumer goods, growth is likely to be tepid.
Falling incomes and longer winter to translate into lower demand for at least some months.
144 companies will pay Rs 61,087 crore in equity dividends to their shareholders for FY16, an increase of 19.2 per cent year-on-year
India Inc did not perform well during December quarter.
For debt-laden companies, asset sales is an obvious solution.
Analysts now expect India Inc to report a decline in both top line and bottom line for the September quarter.
A senior official in the central labour commissioner's office said the efforts of the government were to resolve the cases amicably and not to press for legal action against employers. "Everyone is going through tough times. We could initiate legal action if we want but that's not the idea. We want to address the issues amicably," the official said.
'Markets are factoring in a good show by India Inc in Q2.'
Equity indices overcame a wobbly start to clock gains for the third session on the trot on Tuesday, propped up by banking, metal and energy stocks amid a mixed trend in global markets. A recovery in the rupee also bolstered sentiment, traders said. The 30-share BSE Sensex advanced 246.47 points or 0.45 per cent to settle at 54,767.62 after starting the trade on a weak note. In a volatile session, the benchmark hit a high of 54,817.52 and a low of 54,232.82 during the day.
The government is the biggest consumer and investor in the economy. And once it starts cutting back on expenditure to bring down fiscal deficit, it will affect corporate earnings.
Say their aggregate borrowings were "well within the norms"
Tight liquidity will hit over-leveraged and cash-hungry companies, spare conservative ones
China has cast a long shadow on India's economy.
Most analysts expect growth in the sales of Nifty-50 companies to decelerate, albeit marginally, in the quarter ended December compared to the corresponding period of 2013-14, with metals and real estate companies pulling down earnings.
Hiring activity witnessed a 6 per cent year-on-year growth in March this year, supported by a rebound in economic activities and led by sectors such as banking and telecom, according to a report. However, there was a marginal dip of 2.4 per cent in hiring activity as compared to February, owing to the appraisal season, according to the Monster Employment Index (MEI). "Two years into the pandemic, it is heartening to see that the Indian economy has overcome setbacks and challenges with hiring momentum exceeding pre-COVID levels by 6 per cent this year compared to 2020," Monster.com, a Quess company, CEO Sekhar Garisa noted.
India Inc is either shutting loss making businesses or is hiving off allied verticals to enhance revenues.
The adverse impact on the margins of auto, consumer staples and consumer durables sectors will be counterbalanced by an earnings uptick in the metals, cement and oil & gas sectors.
Automobiles, banks, pharma and software firms growth drivers slowdown in cap goods, construction, power.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
'The Modi government needs some big private sector trophies to affirm its anti-corruption credentials before the polls.' 'So on whose neck will the sword fall next?' 'To that extent, the outing of the ICICI Bank-Videocon story is cathartic,' says Shekhar Gupta.
Fresh investments by corporates up just 5.8% in FY17, lowest since 1992
Says operating environment for Indian corporate sector has improved during FY15
Investors willing to pay premium for only software, banking stocks.
'The selling in India may emerge as soon as the RBI reverses its interest rate stance.'
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
'The recent correction in indices has made the markets cheaper to invest for the long term.'
India Inc will report good set of numbers in Q4.
Karsanbhai Patel's risk-taking abilities are on display once again.
