As companies try to deal with changing technology and talent scenarios, they are making it a point to prioritise investments in leadership development and foster diversity and inclusion to drive resilience and innovation.
The report highlighted that GCCs are establishing dedicated teams to collaborate with global organisations for ESG initiatives, with major areas of support being in the enablement of processes, data and technology.
Crisil Ratings forecasts a positive credit quality outlook for Indian corporates in the first half of fiscal year 2024-25, with upgrades expected to exceed downgrades. Sectors like infrastructure, hospitality, and education are bolstered by government spending, while export-linked sectors face uncertainties due to subdued global demand.
"As of now, 4,910 forms have been received by CPC after commencing operations. The forms shall be processed a time-bound and faceless manner," the corporate affairs ministry said in a release on Friday.
Optimism about the countrys medium-to-long term economic growth prospects and steps to ease compliance burden and promote ease of doing business are driving the record incorporation, senior government officials said.