Indian Firms

Avoid export of missile-related items to Russia: US cautions India Inc

Flags risk of suppliers facing Western sanctions

Startup firm The Sleep Company achieves Rs 500 cr annual recurring revenue

The Sleep Company achieves Rs 500 crore annual recurring revenue; aims to become profitable by FY25

Private Indian firms look to bet big on coal-fired power after long absence

The potential investments, which have not been previously reported, could cumulatively cost billions of dollars and demonstrate renewed appetite in an industry seen by many as financially unattractive

Govt acts against Indian firm for undisclosed links with Chinese group

Cracking the whip for hiding the beneficial ownership links to a Chinese group, the Registrar of Companies (RoC) has slapped penalties totalling more than Rs 21 lakh on an Indian company and its related individuals as well as entities. Besides, the Indian company Metec Electronics Pvt Ltd has been directed not to enter into fresh agreements with entities of Metec Group of Companies in China and Hong Kong. An official in the know on Friday said Metec Electronics Pvt Ltd had portrayed itself as a standalone entity, with shareholdings held by two foreign nationals -- Chen Feiyan and Yang Wen -- and an Indian national. The company had denied any relationship with China's Metec Group of companies and claimed that the relationship was limited to buying goods only, the official said. However, the official said the company was "actually operating as a group company of the Metec Group of companies of China". For the violations, RoC, NCT of Delhi and Haryana have imposed penalties on the ..

World needs India; Indian biz leading in investments in social causes: UN

The world needs India as the businesses in the country have been leading in terms of investing in social causes, a senior UN official said on Thursday and stressed that business is the key driver that will deliver the sustainable development goals. The United Nations Resident Coordinator in India Shombi Sharp also said that Corporate Social Responsibility (CSR) is indispensable in India's journey, where businesses are at the forefront in the efforts of the country to become a USD 5 trillion economy. "The world needs business and the world needs India and as India leads, the world is following," he said at a conference on CSR in the national capital. He noted that India has been leading the world in CSR, especially with its recent leadership during the COP28 summit. Under the companies law, certain classes of profitable entities are required to shell out at least two per cent of their three-year annual average net profit towards CSR activities in a particular financial year. Beside

Indian firms record 25% biz growth during Amazon's BFCM 2023 shopping event

Indian exporters on Amazon Global Selling recorded more than 25 per cent business growth during the Black Friday and Cyber Monday shopping events held globally between November 17-27 compared to the same event last year, the e-commerce giant said on Wednesday. The business during these events was more than 80 per cent higher than on usual days, it said. Customers across global markets shopped from Indian exporters on Amazon Global Selling during the 11-day sale period with North America, Europe and Middle East driving highest sales, Amazon said in a statement. "During the Black Friday and Cyber Monday (BFCM) shopping events held globally between November 17-27, Indian exporters on Amazon Global Selling saw more than 80 per cent business growth compared to business as usual," the statement said. Exporters from tier 2 and tier 3 cities saw strong year-on-year (YoY) growth during this period Karur and Junagadh around 100 per cent YoY growth, Erode over 50 per cent YoY and Jaipur over

Govt allows direct overseas listing of firms; notifies under companies law

In a significant move, the government has permitted Indian companies to list on foreign exchanges, subject to certain conditions. The corporate affairs ministry has notified the relevant section under the companies law in this regard. Currently, overseas listings by local listed entities are carried out through American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). "In exercise of the powers conferred by sub-section (2) of section 1 of the Companies (Amendment) Act, 2020 (29 of 2020), the Central Government hereby appoints the 30th day of October 2023 as the date on which the provisions of section 5 of the said Act shall come into force," the ministry said in a notification on October 30. The rules for direct overseas listing of Indian companies are yet to be notified. Section 5 allows certain classes of public companies to list their securities on permitted stock exchanges in permissible foreign jurisdictions or such other jurisdictions, as may be prescribed.

UltraTech Q2FY24 results: Net profit up 69% to Rs 1,281 cr, beats estimates

Cement demand maintained its positive momentum during Q2FY24, UltraTech said in a press statement

Excess vaccine-making capacity may get utilised in 3-5 years: Merck Life

Some 40-50 firms in India are getting into mRNA technology, says Aditya Sharma, senior executive of the German company

Funding to Indian fintechs up 68% to $436 million in Q3CY23: Tracxn

However, on a year-on-year basis, funding to Indian fintechs has slumped 55 per cent from $967 million raised in Q3 CY22

Rising costs, competition leave paint sector in need of fresh coat

Festival season may add vibrant strokes to volumes, but margins remain a blank canvas

The firms of middle India

Create conditions for companies to stay in and fight

Change of guard at L&T: Size, scale key challenges for S N Subrahmanyan

Cut to 2019, L&T was on the buyer side of the table of a hostile takeover of tech company Mindtree

JSW Group makes another attempt to scale-up cement, port business

JSW Infrastructure, the group's port division, aims to raise Rs 2,800 crore through an initial public offering (IPO), which closes on Wednesday

Tata Consultancy Services retains top spot as most valuable Indian brand

India's top 75 brands have a combined brand value of $379 billion, a decline of 4 per cent from 2022

Behind the rise of India Inc's daughters

How the rise of nuclear families in business transformed succession

Autocomp R&D spend less than 1% of current turnover: Sunjay Kapur

Sunjay Kapur talks about how more needs to be done in research, but investments also need a large market size

Honeywell will double its India business in next 3-5 years: Ashish Modi

Modi talks about the key trends shaping the industry and growth drivers for the company, in a face-to-face interview with Ayushman Baruah in Bengaluru

Shema Electric launches new range of high-speed electric scooters

The company priced its e-scooters -- Eagle+ and TUFF+ at Rs 1.17 lakh and Rs 1.4 lakh (ex-showroom), respectively

Opportunities for Indian firms in execution of Europe corridor: Vaishnaw

The agreement is for developing trusted, resilient, and secure technology together for 6G and also collaborating in finalising the 6G standards, the minister said