'It is a worrying trend as we are not seeing too much fresh capital being raised for new projects, plants, expansion or diversification. It's just private equity or venture capital or promoters cashing out.'
Sustained growth only if domestic manufacturing rises
Private companies have been increasing their dividend payouts at a much higher pace than their public-sector counterparts, though some state-run companies are making huge payouts in absolute terms.
This analysis is based on the quarterly earnings for 724 companies.
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Government divestment reached record figures after the financial crisis, at the same time as promoters were required to bring down their stake in companies to 75 per cent or less.
Tech major's shareholders will receive total dividend of Rs 15,474 crore in FY15
Budget speeches have been replete with incomprehensible and even hilarious statements, says Rathin Roy.
Delays in implementing power projects, mainly due to fuel issues, could turn Rs 1 lakh crore of bank loans into NPAs if prompt action is not taken, according to a study by KPMG.
The rise in India Inc's market value was led by asset-light firms.
Indian companies typically have higher return on equity.
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Barring one, three are debt-free and sitting on large cash reserves.
No one can fault India Inc for not taking care of shareholders; in fact, it has been extra generous.
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It also painted a grim possibility of any major gains in the rupee during the current fiscal saying that the continuing global volatility, and domestic political uncertainty ahead of the 2014 hustings will limit chances of any significant appreciation apart from further impact growth.
Indian economy about to take-off
CSK is reinventing itself to get rid of the controversies and improve brand value
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