Corporate India
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Lockdown 2.0 guidelines: Industry backs move, calls for reopening export sectors from 20 April
•India Inc on Wednesday backed the government's move to allow industrial units located in rural areas to function from 20 April, and said it will ensure preventive measures for Covid-19 while restarting economic activities
Corporate India's credit ratio drops to 3-year low in second half of FY20; negative outlook for FY21: CRISIL
•CRISIL on Thursday said India Inc’s credit ratio fell to an over three-year low for the second half of FY20, and gave a “negative” outlook for FY21 expecting downgrades to continue outpacing upgrades due to the COVID-19 pandemic
Coronavirus Outbreak: Experts urge corporate India to avoid layoffs, pay cuts for faster recovery
•With the coronavirus pandemic threatening a sharp economic slowdown, experts are suggesting companies to adopt a humane approach in rationalising their expenses without going for across-the-board pay cuts or freezing of hikes to ensure a faster recovery from the slump
Coronavirus: Over 50% of corporate India sees impact on operations, 80% witness fall in cash flow
•In wake of the novel coronavirus (Covid-19) outbreak, over 50 percent of Indian companies see the impact on their operations and nearly 80 percent have witnessed a decline in cash flows, says a survey
Corporate India fears coronavirus will pull down GDP by 50 bps in FY2020-21; to push fiscal deficit, create more bad loans
•Corporate India is expecting a 0.5 percent hit on economic growth in FY2020-21 if the coronavirus pandemic lasts longer, pushing up fiscal deficit and creating more bad loans for the bank, says an industry survey
Govt receives 121 applications for compounding CSR-related offences
•Under the companies law, certain classes of companies have to shell out at least two percent of the average net profits, made during the three immediately preceding financial years, towards Corporate Social Responsibility (CSR) activities.
List of nominees for CNBC-TV18 Indian Business Leader Awards 2020 ready, winners to be honoured on 28 February
Fp Staff •The India Business Leader Awards (IBLA) honours high-achievers, outstanding leaders and true visionaries of corporate India.
Top J&K officials to visit Mumbai today, meet industry leaders to pitch business possibilities in Valley
•A global investors' summit is being planned at Srinagar in May, and the event in a city hotel is organised by industry lobby CII, which is also a national partner for the summit
RBI monetary policy: Corporate India pitches for rate cut going forward; welcomes economy-boosting measures
•India Inc on Thursday welcomed the measures announced by the RBI to boost growth and improve liquidity, but called for slashing the policy rate, which was kept unchanged for the second time in a row
Union Budget 2020-21: Industry leaders draw govt attention on ease of doing business in India
•India Inc leaders, including Bharti Enterprises Chairman Sunil Bharti Mittal, CII President Vikram Kirloskar and Assocham President Balkrishna Goenka, on Thursday asked the government to take measures to augment ease of doing business to "create more freedom for the industry to perform"