With short-term rates firming up due to tight liquidity conditions, Indian corporates are opting to borrow long term to take advantage of the attractive rates by locking them in these uncertain times. The banking system has a liquidity deficit of over Rs 2 trillion. According to market participants, engineering conglomerate Larsen & Toubro (L&T) raised Rs 1,500 crore through 10-year bonds in December 2024.
Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have moved or expanded into the desert city. The list even includes a kindergarten, an elementary and middle school, and a hotel that has sought 100 per cent ownership.
India Inc's quarterly net profit reached a record high of Rs 1.64 trillion in the third quarter ended December 31, 2020, mainly due to gains from higher commodity prices and a big swing in banks' earnings. The combined net profit of 3,323 listed companies that have declared results so far was up 68.6 per cent year-on-year (YoY). In comparison, earnings were up six times (534 per cent) in the second quarter and 6.5 per cent in the corresponding period last year.
The lack of a strong diversity policy on the part of companies, a limited pool of women candidates as well as socio-cultural factors contribute to their low numbers.
Business reacted with caution to the reforms of 1991, and demanded protection from multinationals and imports. Twenty-five years later, traces of that demand can still be found, reports Bhupesh Bhandari.
'The Modi government needs some big private sector trophies to affirm its anti-corruption credentials before the polls.' 'So on whose neck will the sword fall next?' 'To that extent, the outing of the ICICI Bank-Videocon story is cathartic,' says Shekhar Gupta.
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
A recent survey of 100 chief executives conducted by Nielsen for The Economic Times said 80 per cent want Modi to become prime minister.
Terming the Interim Budget for 2014-15 fiscal as 'very balanced', the industry on Monday said that it was 'absolutely' up to the expectations.
While it is heartening to see companies chipping in with their messages of support, they are probably walking a tightrope here.
Corporates understand that the PMO drives all key decisions in this government.
Cheil India has a strong presence in the retail and shopper marketing space.
There is a persuasive case to be made that India's banking sector needs to be more open; but aspects of the recent decision to award more licences are, none the less, disquieting.
Here's a look at how the new corporate governance norms will affect India Inc boardrooms.
Rural retailers are finding that helping farmers earn more helps them create a customer base.
Pressure on credit quality of Indian corporates is on the rise suggesting a decline in creditworthiness, a study by rating agency Crisil has revealed.
Lack of political consensus on economic reforms a key concern.
Experts said a future rate cut would depend on the inflation.
Many companies are putting HR's reputation as a back office administrator to rest by either outsourcing or automating most administrative tasks.
Ninety-nine companies, which also include some unlisted ones, have more than Rs 100 crore each of minimum alternate tax credit on their books, cumulatively adding up to Rs 75,000 crore. By utilising MAT credit, many companies will be able to bring down their effective tax cost.
Index measuring this at six-quarter high; however, economic & political volatility a concern.
Green shoots evident, but worries remain.
Declining GDP growth, persistently high consumer inflation, poor public finances and worsening macro-economic indicators. In such a scenario, should Indian companies chase growth or consolidate their market position?
The government is the biggest consumer and investor in the economy. And once it starts cutting back on expenditure to bring down fiscal deficit, it will affect corporate earnings.
The general elections could take a toll on the bottom lines of a host of Indian companies that have accessed overseas debt.
India's economic growth remained subdued at 4.7 per cent in 2013-14 and at 4.6 per cent in the fourth quarter of the financial year, mainly due to a decline in manufacturing and mining output.
Too many corporate leaders cherish the crown of indispensability.
Rajan has a great track record abroad.
The onus is on companies to put in place a vigil mechanism to detect and deter fraud.
Since 2009, the average volatility of the yuan has been just a bit over one per cent, with a high of under three per cent.
Business jets and chartered flights have been an unlikely victim of the recent corruption scandals involving India Inc.
Even old fashioned brick and mortar manufacturing companies are waking up to measure their brand equity.
The Land Acquisition Bill, passed by Parliament last month, will either make projects unviable or expensive for large infrastructure or real estate projects.
Some see value accretion, for others it's a de-risking hedge