India Inc's net profit has slowed down to 15 per cent in the September quarter so far compared to a 16.8 per cent rise in the same period last fiscal due to the ongoing economic slowdown, industry body Assocham said.
'The 5.3% growth in wages per employee is the lowest growth in nine years,' points out Mahesh Vyas.
Cruise ship Diamond Princess, carrying 3,711 people, arrived at the Japanese coast early last week and was quarantined after a passenger who de-boarded last month in Hong Kong was found to be the carrier of the novel virus on the ship. Around 60 people tested positive of the virus on Monday, taking the total number of those infected on the ship to 130.
Revenues of Indian companies, excluding those engaged in banking and oil, are expected to grow marginally at 5-6 per cent in the first quarter of this fiscal.
The government is drawing up a relief package for industry with steps such as relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality. But it might not be enough to stop more bankruptcies from getting filed.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
Indian CEOs might like to make some serious course correction.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
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.
Around 41 per cent of these companies saw such instances, compared to the global average of 29 per cent. India's number is higher than other countries such as the United States (26 per cent), the United Kingdom (32 per cent) and Japan (27 per cent). It is also worse than other emerging markets. China had 39 per cent of firms affected by data theft. It was 19 per cent and 16 per cent for Brazil and Russia, respectively.
While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture - at best - can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term. "These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
As promised, Domino's 20-minute delivery started across 170 stores in Bengaluru on Tuesday. But, as the day progressed, some teething issues came to the fore. If delivery partners' accounts are anything to go by, these are unlikely to go away anytime soon.
Chief executives in the real estate, consumer products, automobiles, construction, and textile sectors said they were all expecting workers to re-join in the next 45-60 days, which would help them ramp-up production from July.
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
For the banking system a new cycle starts in FY2024. It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
The Delhi police has provided security to suspended Bharatiya Janata Party spokesperson Nupur Sharma and her family after an FIR was registered on a complaint that she was getting death threats over her controversial remarks on Prophet Mohammed, officials said on Tuesday.
The cruise ship Diamond Princess with 3,711 people on board arrived at the Japanese coast early last week and was quarantined after a passenger who de-boarded last month in Hong Kong was found to be the carrier of the novel virus on the ship.
It is the six per cent target RBI is more concerned about.
Cheering the rebound in India's economy which grew 5.7 per cent in the April-June quarter, highest in the past two-and-a-half years, India Inc on Friday said it expects the GDP to pick up further on the back of conducive investment policies and execution of reforms by government.
The focus will definitely shift towards more meaningful trips than the kind of micro trips we were into before, says Varun Arora.
When it comes to key hands-on management positions, India Inc is still largely run by men.
India Inc on Saturday cheered the road map for lowering corporate taxation.
Osaka takes equity stake in crypto exchange FTX
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.
Murty, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares, or 0.93 per cent, of Infosys at the end of September, according to company filings with the stock exchanges.
Donations from corporates to the national parties increased by 109 per cent between FY 2017-18 and 2018-19, said an analysis by the Association for Democratic Reforms (ADR), an NGO working for bringing in transparency in electoral politics.
'If they harp on it again, they will begin to lose votes.' 'They have not lost this time, but they will lose next time.' 'Your committed votes will never be enough to guarantee victory for you.'
Buoyed by 8.8 per cent growth of the Indian economy in the first quarter this fiscal, industry on Tuesday said the GDP may expand by around 9 per cent during 2010-11, but cautioned against certain weak areas like financial services.
Inflation dipped to a five-month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items.
A month ago, on March 25, Floyd Cardoz, chef extraordinaire, passed into the ages, a victim of coronavirus. Ranjita Ganesan remembers the culinary genius.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
PM raised the CEO salary issue couple of years back. RBI and Sebi, too, flagged it recently. Are companies really paying their CEOs more than their counterparts elsewhere?
Around 67 per cent respondents see the rupee to be at or below 60 for FY'15.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
Hailing Prime Minister Narendra Modi and the Bharatiya Janata Party government, top industry captains pledged mega investments at the Vibrant Gujarat Global Summit
Terming Satyam's shocking disclosure of about the Rs 8,000-crore (Rs 80 billion) financial fraud as a 'one off case', corporate leaders today expressed confidence and said it will not damage the image of India Inc.
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