companies

Over 10 Chinese companies – alongside side BYD, CRRC Yongji Electrical – ogle Indian registration

NEW DELHI: Ten to 15 companies with roots in China, including BYD and CRRC, have reached out to the Indian government to get registered here, after India made it mandatory for companies with beneficial ownership in countries sharing land borders with India to get registered for participating in public procurement contracts. CRRC, a joint venture…

Top 250 corporations in India saw giant influence on their income margins: EY characterize

Mumbai: Covid-19 and the lockdown to contain the pandemic have severely hurt the top 150 listed Indian companies and 100 multinationals, as they witnessed a steep decline in their profit margins, borrowing capacity and growth. As per an August report by EY India, ‘Early impacts of the COVID-19 pandemic on Indian corporate reporting’, most companies…

Uncertainty sees corporations suspending steering

For the first time in over two decades, several top corporates have suspended revenue guidance issued to investors and business partners, saying they cannot reliably estimate the economic implications of the Covid-19 health crisis. Infosys, Larsen & Toubro, Hindustan Unilever, InterGlobe Aviation, Cummins India, Wipro, HCL Technologies, Diageo, Sun Pharma and Ajanta Pharma among several…
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