CEOs have complained that high interest rates have blocked their investment decisions. At the same time, customers are also deferring their purchases for new consumer durables, cars, and homes.
'Byju's founders reserve all rights to bring actions against those parties that have caused damage to them personally and to their businesses.'
India Inc on Monday said the policymakers in the country must ensure corrective measures at the earliest to rebuild investor confidence.
India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.
The biggest irony is that nearly two-thirds of these funds are estimated to have come from investors in overseas markets, which themselves were in shambles and where companies were in dire need of capital, forcing them to beg their respective governments for money.
India has become Apple's main export hub to the US, which consumes over $40 billion worth of iPhones annually.
The mandate will help further the development agenda in these states, with good governance and policy reforms taking centrestage
The Delhi High Court has protected the personality and publicity rights of filmmaker and producer Karan Johar by restraining several websites and platforms from illegally using his name, image and persona for commercial gains.
Service Tax Commissioner Gautam Bhattacharya asked India Inc to be more pro-active in sharing inputs with government officials.
The business confidence of India Inc for April-June quarter witnessed the steepest fall in the last three years as the Union Budget did not have any major steps towards reforms, says research firm Dun and Bradstreet.
Blue chip Indian companies are letting go human resource to attain cost-efficiencies.
The Indian economy continues to sustain the momentum achieved in the first half of 2023-24 and expectations of a fresh round of capex by the corporate sector is likely to fuel the next leg of growth, the Reserve Bank Bulletin said on Tuesday. "The likelihood of the global economy exhibiting stronger than expected growth in 2024 has brightened in recent months, with risks broadly balanced," said an article on 'State of the Economy' published in the bulletin.
The Crisil study covered 600 companies excluding financial services and oil companies, representing 71 per cent of the overall market capitalisation of India Inc.
The redevelopment of stations is good news for construction companies.
Indian companies had raised $2.39 billion from foreign markets in May 2015.
RBI is expecting the rupee to stay close to Rs 75 to a dollar, as COVID-19 forces foreign funds to withdraw from emerging markets.
There, however, has been an improvement in operating margins.
The use of information technology across all hierarchies of an organisation not only increased but also became more sophisticated in the last one year, according to the observations made by a survey.
Embedded redemption premium and 36 per cent depreciation in five years will realise forex losses worth Rs 67.2 billion.
In fact, the companies have already raised $8.9 billion even before this year-end as against $9 billion raised last year, says Dealogic.
'The conversation is no longer just about securing funds or acquiring customers but about the long-term value of customers.'
This was reflected in India Inc's lackadaisical attitude towards sensitising employees on fraud prevention.
Apple Inc has named India-origin Sabih Khan as its new Chief Operating Officer (COO), marking a key move in its long-planned leadership transition. Khan, 58, who has been with Apple for 30 years and is currently the senior vice president of operations, will succeed Jeff Williams later this month, the iPhone maker said in a statement.
Of the total investment announcements, tracked by an Assocham Eco Pulse study during August and September this year, the petroleum sector attracted Rs 53,300 crore (Rs 533 billion) with Indian Oil Corporation and the Reliance Group planning to pump in Rs 43,500 crore (Rs 435 billion) and Rs 8,000 crore (Rs 80 billion) respectively.
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The rate cut, the industry chambers argued, could have given a positive signal to the manufacturing sector, which is undergoing difficult times.
The industry urged the central bank to consider a rate even before the next monetary policy review on July 30.
Industry chamber Federation of Indian Chambers of Commerce and Industry said the Reserve Bank of India should intervene and cut interest rates.
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
More than 61 per cent of women choose non-professional courses.
Industry leaders, including Mahindra Group chairman Anand Mahindra, RPG Enterprises chairman Harsh Goenka and Biocon Ltd chairperson Kiran Mazumdar-Shaw on Monday came out in support of the Agnipath scheme, saying it has large potential for employment of youth in the corporate sector. Mahindra also expressed dismay over the violence against the scheme while asserting that the farm equipment to aerospace conglomerate welcomes the opportunity to recruit trained, capable and young people under the programme. The Agnipath scheme, announced on June 14, provides for the recruitment of youths between the age bracket of 17-and-half years to 21 for only four years with a provision to retain 25 per cent of them for 15 more years.
The first spending item on the chopping block is capital expenditure, followed by operating costs and overheads, including sales and marketing expenses.
Industry bodies called for implementation of measures announced in the Budget to arrest inflation, saying these would pave the way for a stable inflation regime.
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
'If you really love your work and are good at it, it does not matter what is work and life.'
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Polling for the 288-seat Assembly is being held in a single-phase on Wednesday.
The investments were a mix of issuance of guarantees ($2.53 billion), loan ($257.60 million) and of equity ($232.59 million).
Women leaders, succession planners and lawyers say doors in family businesses are opening but a stronger push is needed.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
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