Page 5 - Indian Business

NCLT approves Rs 103 cr resolution plan for NIIL Infrastructures

The National Company Law Tribunal has approved a Rs 103-crore bid to acquire debt-ridden NIIL Infrastructures, which is developing a housing project in Agra, Uttar Pradesh

Global trends, Covid developments to drive markets in coming week: Analysts

Investors' focus will move to global trends and developments on the Covid-19 pandemic front amid lack of any major domestic trigger in a holiday-shortened week ahead, analysts said

Adani rise fuels criticism of concentration of capital in few hands: Report

Gautam Adani's mushrooming empire has become a focus of criticism for those who believe that capital is being concentrated in the hands of a few favoured corporate titans

India's economy is reviving and festive season's online sales show it

In the run-up to the festival, retailers including Amazon.com Inc. and Walmart Inc.'s Flipkart saw a 55% jump in online sales from a year ago to $4.1 billion, according to RedSeer

After worst decline in a decade, Indian companies see profits rebound

Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg

Australian conversational AI agency Versa forms a joint venture with Mogae

Mogae's co-founder Tanya Goyal will be Versa India's chairperson

Voltas impresses street, scores over peers with strong show in Sep quarter

Better than expected performance, market share gains in room ACs improve earnings outlook

Over 1.1 million MSMEs registered on Udyam online system since July: Govt

Over 11 lakh MSMEs have registered on the newonline system of Udyam Registration launched in July, the government said on Saturday. Out of these, 3.72 lakh enterprises have registered under manufacturing category whereas 6.31 lakh enterprises under service sector. The share of micro enterprises is 93.17 per cent whereas small and medium enterprises are 5.62 per cent and 1.21 per cent, respectively. An official statement said 7.98 lakh enterprises are owned by male whereas 1.73 lakh enterprises by female entrepreneurs, and 11,188 enterprises are owned by divyangjan entrepreneurs. "The top five industrial sectors of registrations are food products, textile, apparel, fabricated metal products and machinery & equipment. 1,01,03,512 persons have been given employment by these registered units," the MSME ministry stated. The five leading states for Udyam registrations are Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh and Gujarat. Registration without PAN and GST number is permitted

Guaranteed loans have multiplier effect

Government guarantee will help and restart businesses which will kickstart the virtuous circle of employment, consumption, and growth

Cash-starved small businesses defer wages amid coronavirus lockdown

India's nationwide lockdown, set to end April 14, has left millions of migrant workers stranded without any other source of income

Top 10 biz headlines: Covid-19 fears, slow hiring at IT firms, and more

Business Standard brings to you top ten business headlines for the day.

Mid-market Indian business leaders less optimistic in H2 2019: Report

The report released on Thursday also said 79 per cent of business leaders surveyed in India believe the government has taken enough measures on the policy front to enhance 'Ease of Doing Business'

No wish for laws treating businesses with suspicion: FM Nirmala Sitharaman

This, after Tata Sons chairman said that businesses need supervision and not suspicion

Year of reality check

From promoters losing their firms to consumers realising there are no free lunches, 2019 was a year of getting real

UK India Business Council launches socio-economic impact campaign

This campaign is being delivered in partnership with the United Nations Development Programme and will map the activities of businesses and universities against the UNs' Sustainable Development Goals

Most family business founders in India have no succession plan, says survey

"The STEP 2019 Global Family Business Survey shows that family businesses in different parts of the world are also exposed to these challenges," she added.

The insular world of Indian business

Nearly three decades after the shackles on competition were loosened, few Indian companies can be considered truly world class

For corporate India, closer scrutiny of financial numbers comes at a cost

Experts say window dressing of financial numbers is a common practice adopted by companies to improve the overall financial outlook and profitability of a company

Lessons from RCom mess: Exit of the weak boosts profits for the survivors

Why are downturns in India so long? One factor is the slow exit of firms

Great unravelling: Few pillars to support a crumbling Indian business order

Though some of the old guard continue to do well, other iconic businesses and businessmen are burning out rapidly, while most of our unicorns remain copycat entrepreneurs, writes T N Ninan