Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday announced the listing of the country's first environmental, social and governance bonds on the NSE, raising Rs 500 crore through debentures. In a filing to BSE, the company said it "has listed India's first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India".
Colliers reports that GCC leasing has jumped from 4.6 million square feet in 2021 and is expected to hit 10.6 million square feet by 2025 -- a clear sign that multinationals see Bengaluru as a long-term base.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
While praising the internship scheme announced in the Budget, India Inc wants clarity on how it will be implemented. The scheme is expected to help companies address the skill gap in employment. Dheeraj Hinduja, chairman, auto major Ashok Leyland, said: "We had started an internship programme at our plant in Pantnagar, which we established in 2010 with colleges there.
'Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.'
'The private sector will look to the budget to check whether there are any headwinds or tailwinds.'
India's leading capital goods and engineering firms are in the midst of one of their busiest seasons, with the combined orderbook surging past Rs 8 trillion in value. As on September 30, 2023, 13 of India's top 15 listed capital goods and engineering firms, for which data for the September 2023 quarter was available, had a total orderbook worth Rs 8.45 trillion - a number unseen at least since 2018-19. "This intuitively looks like an all-time high factoring in inflation," said Anupama Arora, a senior independent analyst who tracks the capital goods sector.
Abhishek Singh, the son of Chhattisgarh Chief Minister Raman Singh, a member of Legislative Assembly and former minister Vikram were prominent among 12 candidates who filed their nominations on Monday for the Lok Sabha elections.
Revenue Minister Brijmohan Agrawal, Home Minister Ramvichar Netam and Health Minister Amar Agrawal proposed the name, which was supported by all others. All newly elected legislators were present at the meeting.
A recent survey discovered that Bengaluru has some of the classiest high streets in our country.
'The fact still remains that we will have to deliver, so the pressure is now on us to make sure we get our resources, our supplies lined up at acceptable costs.'
'Policy-sensitive sectors will wait and watch, but policy-agnostic areas will continue based on normal consumption demand.'
The last Bharat Ratna award was conferred upon Pranab Mukherjee in 2019 and was posthumously awarded to Bhupendra Kumar Hazarika and Nanaji Deshmukh. The award was not given to anyone between 2020 and 2023.
Till now, the maximum Bharat Ratnas were awarded in 1999 when four recipients were given the coveted award.
Over the past few months, macro parameters have improved.
The Congress has pinned its hopes on many of the old-timers and also given representation to some new faces in its first list of candidates announced for the Chhattisgarh assembly polls scheduled next month.
Chairman A M Naik said H2 of 2020-21 will herald better economic and business activity in terms of tendering, good liquidity, as well as revival of labour and supply chains.
'The cooperation of Yakub with the investigating agencies after he was picked up informally in Kathmandu and his role in persuading some other members of the family to come out of Pakistan and surrender constitute, in my view, a strong mitigating circumstance to be taken into consideration while considering whether the death penalty should be implemented,' B Raman had written in August 2007.
Engineering giant Larsen & Toubro (L&T) handed out a pay cheque of Rs 61.27 crore to its chief executive officer (CEO) and managing director (MD) SN Subrahmanyan in the last financial year (FY22), which is a near 115 per cent hike over FY21, as executive compensation at India Inc comes under sharp focus after two years of Covid-19. In fact, the total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows. This points to sharp hikes that the top management saw in their remuneration during the period, experts in human resources said. In FY21, L&T's executive compensation was 56 to 337 times the median remuneration of company employees.
The layoffs have been done in businesses which are moving slowly due to various reasons including delayed execution
Patel's name was declared as the leader of the legislative party unanimously at the meeting held at the party's state headquarters 'Kamalam'.
With this rejig, Mindtree's board will now have 12 board members from eight.
Patel will be administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function to be held at the Helipad Ground near the new Secretariat in Gandhinagar at 2 pm.
Chatterjee said the compNY is not aware of any major client concerns at this point.
Reports had suggested that the construction major had asked Ravanan to step down as the new owners were preparing the grounds for a top management overhaul at the Bengaluru-based company.
Sukanya Verma looks at the recent spate of book-to-screen adaptations.
The return of private investment now struggles with lack of funds and election-driven uncertainty.
L&T had also sought shareholders' approval to raise $600 million through a qualified institutional placement.
He would not be part of the day-to-day activities of L&T in his non-executive role. He would, however, be there at important company events.
Pankaj Tripathi speaks to Rediff.com about his amazing journey from a village in Gopalganj in Bihar, which had no electricity, to Bollywood's blinding lights.
The policemen were booked at Kota's Kunhari police station at a high court order, issued after it heard the petition of Nirmal Singh, the father of the abducted man.
Both the government and RBI have to complement each other if the economy has to revive quickly.
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
Sectoral index up 10% in past month, as market takes hope from higher order book, revenue and operating margins in September quarter.
Banks are clear that lending rates are not going to fall further, say Hamsini Karthik and Anup Roy.
Finance Minister Arun Jaitley last month pointed to the high cost of capital for India's businesses as a key factor behind a manufacturing slowdown.
Samajwadi Party patriarch Mulayam Singh Yadav is among six personalities chosen for this year's Padma Vibhushan.
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
These plantations are not only eating into the land occupied by the region's native forests, they could also disturb the ground water reserve and soil quality
Dr Ajay Kumar Sood will have to complete a task his predecessor started: Getting the government to sign off on a new Science, Technology, and Innovation Policy on which work was begun in 2020.
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