India Inc’s foreign commercial borrowings rise by 4.6% in August: RBI data
NEW DELHI: India Inc’s foreign commercial borrowings in August this year rose by nearly 4.6 per cent to USD 2.98 billion, according to the RBI data. In August 2021, the Indian businesses borrowed USD 2.85 billion in the form of external commercial borrowings. Of the total borrowings in August this year, over USD 2.47 billion […]
India Inc’s revenue likely grew 18-20% on-year to Rs 8.2 trillion in 2nd quarter
NEW DELHI: Higher commodity prices and continued revival in demand for consumer discretionary products likely lifted corporate revenue 18-20 per cent on-year to Rs 8.2 lakh crore in the second quarter of this fiscal, indicates a CRISIL Research study of 300 companies (excluding from the financial services and oil sectors) that account for 55-60 per […]
India Inc’s foreign investment jumps over two-folds to $2.51 billion in April 21
NEW DELHI: India Inc’s foreign investment in the first month of this current fiscal jumped by more than two-times year-on-year to USD 2.51 billion, data from the Reserve Bank showed on Monday. Indian investors had committed USD 1.21 billion worth of outward foreign direct investment (OFDI) in April 2020. Of the total commitment of USD […]
India Inc stands by lockdown extension call; seeks stimulus package to rebuild economy
NEW DELHI: India Inc on Tuesday said the nationwide lockdown extension was necessary to avert a humanitarian crisis, but insisted on the need for a stimulus package to rebuild the economy hit hard by the Covid-19 pandemic. Earlier in the day, Prime Minister Narendra Modi announced that the current lockdown will be extended till May […]
‘Inquisition’: Siddhartha’s death fuels India Inc’s anger against crackdown
By Aftab Ahmed & Aditya Kalra NEW DELHI: The apparent suicide of coffee baron V.G. Siddhartha, under investigation by tax authorities, has inflamed anger towards the government among business leaders who feel it is going too far in its crackdown on fraud and tax evasion. Drastic measures taken by Prime Minister Narendra Modi’s administration include […]
Reduce corporate tax rate, increase infrastructure investment: India Inc tells Finance Minister
NEW DELHI: India Inc Tuesday made a case for reduction in corporate tax rate, abolition of minimum alternate tax, halving dividend distribution tax to 10 per cent and increase in outlay for infrastructure sector in the upcoming Budget with a view to arrest economic slowdown. Representatives of industry chambers made these suggestions during their customary […]