No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
A sluggish economy and stalled bureaucratic decision-making for the past two years thwarted capital investment and dented earnings, making it tough for the companies to raise funds.
Indian CEOs might like to make some serious course correction.
The calculation excludes cross-holding of listed group cos in each other.
Indian business has many legitimate grievances against the political class for not delivering an optimal business environment.
The Rs 56,000-crore (Rs 560 billion) Adani Group on Monday received a major blow from the Gujarat High Court, which ordered a shutdown of 12 units in Adani Ports and Special Economic Zone (APSEZ), located in Mundra, Kutch district, with immediate effect.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
By refusing permission for the proposed ship-breaking facility, India can send a categorical message to the foreign ship owning countries that they should keep their own waste and recycle
India Inc has few leaders who are likely to grab headlines in 2015.