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Signs of private sector investment cycle unfolding: V Anantha Nageswaran Chief Economic Adviser V Anantha Nageswaran has said there are signs of private sector investment cycle unfolding and sectors like steel and cement have reached a stage where greenfield investment will take place. He stated ‘We do see signs of corporate sector beginning to make investment. There are some new investment announcement.’ Based on data available for the first six months of the last three years, has said there are signs of private sector investment cycle unfoldi...
Signs of private sector investment cycle unfolding: V Anantha Nageswaran
Signs of private sector investment cycle unfolding: V Anantha Nageswaran
Source: Accord Fintech
26/05/2023 10:56:58 AM
Corporate Affairs Ministry allows extension for filing of certain forms till March 31 Due to migration of its (MCA21) portal from Version 2 to Version 3.0 and change in way of filing in Version-3 and based on the request of stakeholders, the Corporate Affairs Ministry has decided to allow further additional time till March 31, for filing of 45 forms launched on January 23, without additional fees, to the stakeholders. This is in continuation of General Circulars No. 1/2023 dated January 1 and 03/2023 dated February 7, said the Ministry on Wednesday. Further, Form PAS-03 ...
Corporate Affairs Ministry allows extension for filing of certain forms till March 31
Corporate Affairs Ministry allows extension for filing of certain forms till March 31
Source: IANS
23/02/2023 10:02:36 AM
India Inc's profits moderate as consumption slowdown a worry India Inc's profitability moderated in 3QFY23. Corporate earnings were below expectations during the quarter dragged by Commodities while Financials and Autos held the fort. Broad-based slowdown in Consumption, both Staples and Discretionary, also hit corporate earnings, Motilal Oswal Financial Services said in a report. The commentary for the consumer sector indicated continued weak rural demand, but most of the companies also stated that there were some green shoots on rural consum...
India Inc's profits moderate as consumption slowdown a worry
India Inc's profits moderate as consumption slowdown a worry
Source: IANS
22/02/2023 3:31:19 PM
Corporate profitability to decline for fourth consecutive quarter  Corporate profitability is seen declining 300 basis points (bps) due to elevated commodity prices, Crisil said in a report. On its part, corporate profitability -- or earnings before interest, taxes, depreciation and amortisation (Ebitda) margin -- contracted 300 basis points (bps) on-year in the second quarter, marking the fourth consecutive quarter of on-year decline. The margin contracted sequentially as well, albeit slightly. Ebitda margins of 70 per cent of the 47 sectors ...
Corporate profitability to decline for fourth consecutive quarter
Corporate profitability to decline for fourth consecutive quarter
Source: IANS
12/10/2022 4:41:17 PM
Indian corporate credit quality remains strong: CRISIL Ratings Debt light balance sheets, domestic demand and better cash flows has resulted in higher credit ratio during the first half of FY23, said CRISIL Ratings. According to CRISIL Ratings the corporate credit ratio (upgrades vs downgrades) continues to be high -- at 5.52 times in the first half of this fiscal (H1-FY23) -- underscoring ongoing broad-based improvement in India Inc's credit quality. The credit ratio was 5.04 times in the second half of the last fiscal (H2-FY22). Three reasons...
Indian corporate credit quality remains strong: CRISIL Ratings
Indian corporate credit quality remains strong: CRISIL Ratings
Source: IANS
3/10/2022 11:23:06 AM
Annapurna Swadisht Ltd. debuts with 71.42% premium at Rs 120.00 Annapurna Swadisht Ltd. makes a strong debut on the bourses with scrip got listed at Rs 120.00 on the Bombay Stock Exchange, a 71.42 per cent premium to its issue price of Rs 70.00. On the National Stock Exchange, the stock was listed at Rs 120.00. The company, which raised 0.43 Cr from initial public offering, was subscribed 127.04 times, receiving bids for 5,492.96 lakhs shares against the total issue size of 43.24 lakhs shares. The company, listed unde...
Annapurna Swadisht Ltd. debuts with 71.42% premium at Rs 120.00
Annapurna Swadisht Ltd. debuts with 71.42% premium at Rs 120.00
Source: Dion Global Solutions Ltd
27/09/2022 2:28:58 PM
Corporate tax buoyancy lowest in five decades An estimation of decadal tax buoyancy (total tax revenue and other individual tax revenues) using double log model reveals that tax buoyancy of total tax revenue and income tax and corporation tax has declined in the current decade (2010-11 to 2019-20) compared to the last decade (2000-01 to 2009-10), the SBI said in a research report. The most critical situation is regarding the corporation tax buoyancy and income tax buoyancy which is the lowest in five decades and three decades, respect...
Corporate tax buoyancy lowest in five decades
Corporate tax buoyancy lowest in five decades
Source: IANS
2/02/2022 7:39:14 PM
India`s second COVID-19 wave rattles business confidence - Survey BENGALURU - Corporate India's business confidence sharply deteriorated due to the devastating second COVID-19 wave, with nearly three-fourths of the participants reporting weak demand conditions, according to a leading industry group's latest survey. The steep drop from a decade high reading in the previous round follows a record surge in infections in April and May, which has seen many states reintroduce limited lockdowns and multiple brokerages cutting economic growth expectation...
India`s second COVID-19 wave rattles business confidence - Survey
India`s second COVID-19 wave rattles business confidence - Survey
Source: Reuters
31/05/2021 3:46:01 PM
MECs expected to see sharper recovery in FY22: India Ratings and Research Mid-emerging corporates (MECs) sector is expected to see sharper recovery during FY22, ratings agency India Ratings and Research (Ind-Ra) said. Accordingly, the trend is expected to take place on the back of various cost cutting measures taken by several MECs and the availability of Covid emergency lines, recovery in the essential, non-discretionary and industrial segments. "Although the agency believes that some of the cutting measures may not be sustainable and there could be som...
MECs expected to see sharper recovery in FY22: India Ratings and Research
MECs expected to see sharper recovery in FY22: India Ratings and Research
Source: IANS
22/04/2021 2:06:30 PM