Navratna PSU Bharat Electronics Ltd gets new director of finance

Posted on 2020-08-01T15:15:26+05:30 - companies

Bharat Electronics Limited (BEL) on Saturday got a new Director of finance - Dinesh Kumar Batra. He joined BEL at its Ghaziabad unit in 1984.

Tata Trusts reject Mistry's charges of 'interference','insider trading' in SC submission

Posted on 2020-07-31T07:41:53+05:30 - companies

The Mistry fraction has alleged that one of the trustees, A Soonawala was informed specifically of Tata Motors rights issue, a piece of price-sensitive information, even when he was not part of the company. The trustees have said that the whole narrative about interference and sharing of insider information has been invented and concocted now in this litigation.

India Inc will only recover by June next year: PwC report

Posted on 2020-07-30T17:02:46+05:30 - companies

While India Inc is resilient things may get tough for most companies, fear the CXOs. Companies will face intense competition, higher costs, more elastic demand and more regulations say top executives. As per the survey many CXOs are now focussing on the digital side of the business.

Remote working finds increasing preference among employees globally, finds survey

Posted on 2020-07-30T13:27:59+05:30 - companies

​​​The survey outcome demonstrates that, during the pandemic, productivity generally remains strong and team collaboration has reached new heights through better leverage of remote technology.

Playing it safe amidst Covid-19: Work from home’s working, so India Inc wants it to stay

Posted on 2020-07-30T07:52:46+05:30 - companies

Even as they ensure it’s business as usual with all necessary infrastructure and systems in place, companies across sectors say that productivity, while working from home, is high. With the pandemic continuing to rage, they will only bring back staff whose presence in the office is critical.

Yes Bank takes possession of Anil Dhirubhai Ambani Group's headquarters in Mumbai

Posted on 2020-07-30T07:45:30+05:30 - companies

In a public notice, Yes Bank said it has issued notice to Reliance Infrastructure under the SARFAESI Act to recover its dues and after the company failed to repay the debt, it has issued the possession notice and warned public from dealing with these properties.

Godrej & Boyce looks at tapping new opportunities in science, ecommerce, healthcare & technology

Posted on 2020-07-28T23:35:44+05:30 - companies

Nyrika Holkar said the coronavirus crisis has created opportunities that play up to the core strength of G&B as an engineering company. To tap these, the company has ramped up manufacturing of hospital and ICU beds and electro-magnetic valves, a critical component for ventilators.

Sunil Mittal's remuneration declines about 3% to Rs 30.1 crore in FY20

Posted on 2020-07-28T20:05:12+05:30 - companies

Sunil Bharti Mittal, the Chairman of Bharti Airtel Ltd, drew a total remuneration of Rs 30.13 crore in 2019-20, according to the company's latest annual report. This compares with Rs 31 crore he drew in the previous fiscal.

Industries should spend funds on CSR activities to help build a better India, says MoS Thakur

Posted on 2020-07-27T15:56:09+05:30 - companies

The minister also requested the industry to create more awareness to contain pollution of rivers and also help the government in its fight against coronavirus. On rising pollutant levels in rivers like Yamuna and Ganga post lockdowns, the minister said that lesser pollution in rivers in the last two months showed that it is the industry which was the main source of pollution.

Corporate India struggles to contain debt levels post Covid

Posted on 2020-07-27T11:40:31+05:30 - companies

Debt to operating profit ratio of PSU companies rose to a five year high of 2.38% in March 2019 compared to 2.32% for non PSU companies which was the lowest in the period after touching a peak of 2.71% in March 2016, data from RBI's bi annual financial stability report showed.

Fund crunch delays Board-commissioned investigation into book-rigging charges at CG Power

Posted on 2020-07-27T11:25:00+05:30 - companies

In December last year, the Serious Fraud Investigation Office under the ministry of corporate affairs initiated a probe into 16 group entities including CG Power.

Welspun Flooring Limited launches Rs 1100 crore manufacturing facility in Telangana

Posted on 2020-07-25T17:10:05+05:30 - companies

Spread across 200 acres, the state-of-the-art facility which employs 1600 people, will have a production capacity of40 million square metres annually. Adjacent to this facility, Welspun Group is also establishing a manufacturing plant for its emerging business Advanced Textiles.