India Inc News

Indian companies are well positioned for a growth run, said reports.

Private Equity (PE) deals contributed to 68 per cent of the total volume, with seven high-value deals ($ 100 million) collectively worth $1.7 billion, surpassing the previous month's values with seven deals worth $1.4 billion.

Though there has not been any official announcement on Budget dates, expectations are high that  Finance Minister Nirmala Sitharaman will present the annual annual financial statement before Parliament in July.

India Inc saw the steepest decline in deal values. Asia's 3rd largest economy has also been grappling with soaring inflation, said Shanthi Vijetha. The YTD 2022 recorded 17 IPO with an issue size of $6 billion.

Over half of the Indian participants in the survey also said that they did not report a misconduct, which is much higher than the 30 per cent average globally, the survey said. Nearly two-thirds of those surveyed said the pandemic and the ensuing changes in the business environment have made it difficult for businesses to conduct themselves with integrity.

The domestic companies had invested USD 2.23 billion in their overseas joint ventures and fully-owned subsidiaries during December 2020 in the previous financial year. Of the total investment made by the Indian companies overseas during the month, USD 1.22 billion was in the form of issuance of guarantees. Reliance New Energy Solar Ltd invested a total of USD 168.60 million in a JV and wholly-owned subsidiary in Germany and Norway.

Biden elected as President, Kamala Harris as Vice President. Modi and Biden expected to chalk out great cooperation US election was also about lessons on leadership: Anand Mahindra.

Majority of respondents surveyed indicated that the Union budget 2020-21 will observe an increase in tax exemption limit to Rs 2.5 lakh per annum. 

The revenue growth in consumer-linked sectors was only 3.8 per cent in the fourth quarter of FY19 on a year-on-year basis, down from 27.9 per cent in the third quarter of FY19.

Riding on a huge mandate, Modi was sworn in on Thursday as prime minister for a second term, heading the National Democratic Alliance government, in the presence of a large gathering of national and international dignitaries.

Suggestions come ahead of the sixth bi-monthly monetary policy statement for 2018-19 scheduled to be announced on February 7.

Indian firms had borrowed over USD 3.09 billion in November 2017, which also included USD 18.5 million through rupee-denominated bonds (RDBs).

Experts, however, are hopeful the fund-raising will gather steam in second half of 2019 with a pick-up in the overall investment climate.

Diamantaire uncle-nephew duo Mehul Choksi and Nirav Modi emerged as kingpins in the Rs 14,000-crore Punjab National Bank fraud.

PwC's Krishan, however, cautioned, there are certain factors that could potentially keep global investors away from emerging markets in general.

During the April-October period, industrial output grew 5.6 percent as compared to 2.5 percent in the same period of the previous fiscal.

CII Director General Chandrajit Banerjee said IIP data augurs well for the narrative of economic strengthening, going forward.

India has improved its ranking by 53 positions in the last two years and 65 places in four years since 2014

The primary reason for this trend is that CXOs are considering regulatory compliance as a critical value protector exercise, the Deloitte India Risk Survey 2018 noted.

The Economic Survey 2018 has estimated that the Indian economy will grow by 7-7.5% in FY19, re-establishing India as the world`s fastest-growing major economy.