The study showed almost all microfinance institutions and companies in the oil refining & marketing space have missed estimates
An amnesty scheme for customs, reduction in tax rates for individuals and Limited Liability Partnership firms, easier tax compliance, fast tracking of faceless appeals and a dedicated dispute resolution mechanism top India Inc's wishlist for the next Budget submitted to the government. Representatives from all four key industry bodies, CII, FICCI, ASSOCHAM and PHDCCI, have put forth detailed recommendations with regard to the Budget, to be presented on February 1, 2025, in separate meetings held with top Finance Ministry officials. Industry body FICCI sought the introduction of an "Amnesty Scheme under Customs" as a one-time settlement scheme to clear past dues, arguing that it will help the industry to reduce the baggage of litigation. Similarly, Assocham has also pitched for the introduction of a comprehensive Tax Amnesty Scheme under Customs. "A one-time settlement scheme to clear past litigations can be considered by the Government, on the lines similar to Sabka Vishwas Legacy
If this year's abundant rainfall tames food inflation, the central bank would have the scope to cut rates more deeply than the half percentage point some analysts currently expect
Low costs, higher margins may drive sequential pickup in profit growth
The last of the three-part series shows how Indian firms are upping their AI play, but Gen AI progression remains focussed on HR and customer experience applications
Export-intensive segments vulnerable to global risks, warn rating agencies
From local art collaborations to luxurious spa vouchers, corporate gifting is blending tradition with innovation
SBI Chairman C S Setty has said the bank has already got Rs 4 lakh crore strong credit pipeline from India Inc and expressed hope that capital expenditure by the private sector is expected to pick up in the second half of the fiscal year. "We see a good amount of interest in private capital expenditure. The infrastructure financing, of course, is mainly coming from the roads, renewable energy, and some of the refineries," he told PTI in an interview. As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure target by 11.1 per cent to record Rs 11.11 lakh crore for 2024-25. This is 3.4 per cent of the country's GDP. Setty said some of the corporates had undertaken brownfield expansion for which the capital expenditure was funded by their own cash accruals and cash balances that they had. However, he said, "We now see some of the corporates drawing the term loans for brownfield expansion too." "We have a pipel
Crisil Ratings on Tuesday said the recent developments in Bangladesh did not have a significant impact on India's trade and it does not foresee any near-term impact on the credit quality of India Inc. Crisil Ratings said the effect will vary based on industry/sector-specific nuances and exposure. "We do not foresee any near-term impact on the credit quality of India Inc either," it added. However, a prolonged disruption can affect the revenue profiles and working capital cycles of some export-oriented industries for which Bangladesh is either a demand centre or a production hub. Also, the movement in the Bangladeshi currency Taka, will have to be watched, the credit ratings agency said. "Recent developments in Bangladesh haven't had a significant impact on India's trade and going forward, the effect will vary based on industry/sector-specific nuances and exposure. We do not foresee any near-term impact on the credit quality of India Inc either," Crisil Ratings said. Companies into
Declining leverage, broad-based earnings growth drive profile
Commerce and Industry Minister Piyush Goyal on Friday urged domestic companies to support and buy goods from each other as it would benefit them in the long run and provide protection against any disruptions like the Pandemic. He also suggested India inc to explore business opportunities in the recently approved 12 industrial townships in the country as it would help boost manufacturing. The minister added that the manufacturing sector will play a key role in making India a developed nation by 2047. "We need to brand India, we need to support each other. Industry needs to be a partner not only with international players, but also be a partner with each other. All of you need to support each other. "An Indian company buying products from another Indian company will actually help create that ecosystem, help insulate and secure itself in the long run from any disruptions. Two wars, the Red Sea crisis, Mpox (Monkeypox), a new pandemic hovering around, we have enough to be worried about
Earnings upgrade at risk without a revenue revival, say analysts
Gross block formation by Reliance down by Rs 1.06 trillion, shows annual report
Sales growth, too, remains modest amid demand challenges
At least 11 firms, including Indus Towers Ltd., have or are set to approve share buybacks shortly after the new regime was proposed in the budget on July 23
Officials of construction and engineering major, L&T, which has in the past complained about skilled labour shortage, said if India needs to grow, one of its positives has to be its population
CEOs expect govt capex of Rs 11.11 trillion to boost demand
"It is worth reiterating that job creation happens mainly in the private sector," the survey released on Monday said
Reduced hedging cost, appetite for high-yield bonds help big-dollar borrowing
Women's share in managerial positions in India lowest among BRICS countries