India Inc

Corporates double down on large scale cost-cutting in second quarter

Slashing wages or effecting retrenchments weren’t the go-to method for cost-cutting for most sectors, with overall staff costs rising a modest 4 per cent year-on-year.

published on : 27th November 2020

India Inc abstains from debt-hopping overseas despite cheaper funds

In the first quarter of the current fiscal, the ECB offtake was a mere $ 3.5 billion, compared to $ 11.9 billion in the same period last year.

published on : 15th November 2020

'Production-linked incentive package will boost local industry', says formal sector

The inclusion of white goods and IT products is also aimed at reducing import dependence and providing a level playing field to the domestic sector.

published on : 12th November 2020

India Inc looks forward to enhanced Indo-US ties as Joe Biden wins

Assocham Secretary General Deepak Sood said, "under the Biden-Harris leadership, the Indo-US economic ties would go from strength to strength."

published on : 8th November 2020

A ‘special’ movement:  India Inclusion Summit goes digital-only mode

Many have temporarily lost access to those services during the pandemic.

published on : 27th October 2020

Indian formal sector's foreign borrowings drop 47 per cent to USD 1.75 billion in August 2020

Splitting data in the ECB category, RBI said that a total of USD 1.57 billion was raised by various companies through the automatic route, while USD 35.93 million came in through approval route.

published on : 5th October 2020

India Inc to see earnings shrink 24 per cent in FY21: Moody’s Investors

It added that credit quality will also weaken across rated Indian non-financial corporates due to the outbreak even as a slowing economy dampens consumer confidence and business activity. 

published on : 12th September 2020

India Inc calls for further fiscal, monetary reforms to boost economic recovery

Industry bodies, meanwhile, anticipate the economy to stage a recovery third quarter onwards supported by measures taken by the government and the Reserve Bank.

published on : 1st September 2020

India Inc cuts costs in Q1 to shelter bottomlines

According to brokerages, this is the largest such contraction in recent memory.

published on : 23rd August 2020

Rate cuts to help improve liquidity,but more support needed: India Inc

The RBI has also extended the moratorium on repayment of loans for three months.

published on : 23rd May 2020

Formal sector struggles to resume normal operations despite Centre's COVID-19 stimulus

The industry claimed that even in the zones that are now allowed to have normal functioning of factories and offices, lack of labour is a major issue.

published on : 19th May 2020

Indian economy in danger of being left behind in post-COVID world, warn experts

With its high cost of production, high taxation rates and red tape, India is in danger of losing out during this tectonic shift, feel top economists, policymakers and business leaders

published on : 28th April 2020

RBI's move to infuse liquidity will mitigate financial stress amid COVID-19 lockdown: Formal sector

Experts felt that the relief measures unveiled by the RBI should help NBFCs, housing finance companies, small businesses and above all considerably avert the risk of further NPAs.

published on : 17th April 2020

Centre asks formal sector companies to clear outstanding payments to MSMEs amid COVID-19 lockdown

In a discussion with senior industry members of FICCI via video conferencing, the MSME minister exhorted the industry to clear pending dues owed by them to the units.

published on : 14th April 2020

Formal sector backs COVID-19 lockdown extension call; seeks stimulus package to rebuild economy

FICCI chief Sangita Reddy  observed that the government's 's directions on graded opening will help start some production activity.

published on : 14th April 2020
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