Corporate Affairs Minister extends deadline for various schemes amid COVID-19
The corporate affairs ministry has extended the Companies Fresh Start Scheme and the LLP Settlement Scheme, besides allowing companies to conduct EGMs (extraordinary general meetings) and board meetings through video conference or other audio-visual means till end of this year.
Need to strengthen corporate governance; adopt best global practices: Anurag Thakur to India Inc
Reeling out some of the steps taken in the recent past, he said the government decriminalised the company law defaults, permitted shifting of compoundable offences to an in-house education mechanism and cleared 72 amendments to the Companies Act, 2013.
Companies adapting biz models to align with Aatmanirbhar Bharat reality
With insights on being less dependent on other countries and produce locally, the Aatmanirbhar campaign has the potential to be a model that other counties may want to emulate and follow.
Corporations will assume burden of safety, raising costs post-COVID: Moody's
The coronavirus pandemic will profoundly affect the way corporates interact with employees, customers, governments and one another, according to the latest sector in-depth report by Moody's Investors Service.
SP Group says separation from Tata Group is in best interest of all stakeholders
It was crucial that an early resolution is reached to arrive at a fair and equitable solution reflecting the value of the underlying tangible and intangible assets. In the midst of a global crisis triggered by the COVID Pandemic, the Mistry family were in the midst of raising funds against the security of their personal assets to meet the crisis arising from the global pandemic.
HDFC, India's largest private lender, worth erodes 11% to $20.26 billion
LIC and TCS were ranked second and third, retaining their positions from last year even as both declined 9% and 20% each. In fact, this year’s ranking worth $216 bn in brand value fell 6% over last year, largely due to slowdown in the banking and automotive sectors. India’s top brands, however, performed well against other countries where declines in brand value were far greater.
ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors
For several of our blue-blooded business bosses, the pandemic has been perfect to pen a tell-all memoir. A doyen of the Indian auto industry has clearly inspired many of his peers to dial publishers, even rope in ghost writers and start putting pen to paper.
Caught in a pandemic, India Inc gets another three months to hold AGMs
Registrars of Companies in Maharashtra, Punjab, Delhi, Kerala, Rajasthan, Karnataka, Uttar Pradesh and Gujarat have extended the September-end deadline by an additional three months, the official said, adding that all other registrars will follow suit.
View: Corporate India can learn much about leadership by just watching matches of MS Dhoni
Like Infosys, Dhoni too demonstrated that people from ordinary mofussil middle class backgrounds can succeed in today’s India if they have the skill, if they work hard, and if they have high aspirations. Interestingly, both Dhoni and Infosys were born on July 7, 1981!
SBI moves SC to vacate stay on recovering dues from Anil Ambani by invoking personal guarantee
A division bench of the high court led by justice Vipin Sanghi had on August 27 stayed a Mumbai bankruptcy tribunal order appointing IRP. SBI had invoked personal guarantee clause to recover dues worth Rs 1,200 crore.
Why are this year's Annual Reports special but not very useful?
Thanks to Covid, the annual reports are not as awaited this time around as in earlier years. This is because the data disclosed by companies for the year before the Covid crisis does not resonate much with the investing world that is receiving it amidst the crisis.
Corporate India struggles to contain debt levels post Covid
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.
Mukesh Ambani's Reliance Industries breaks into top 100 global companies
This is the highest any Indian company has been ranked on the Fortune Global 500 list. Reliance had broken into the top 100 in 2012 ranking when it was ranked 99th but slipped in subsequent years to rank 215th in 2016. Since then it has risen steadily, according to the ranking.
Govt to fund, promote startups by Scheduled Caste students
Aiming to boost entrepreneurship among students from socially disadvantaged groups, the Centre is set to announce a Rs 100 crore plan to fund implementation of innovative start up ideas by Scheduled Caste category and physically disadvantaged students in the country’s higher education institutes.
Ministry of Corporate Affairs widens ambit of CSR activities
The notification, on Wednesday, widened the scope of CSR, which was earlier restricted activities benefiting the army, navy and air force veterans and their dependents and war widows.