Live Breaking News & Updates on India Inc Illustration
Stay updated with breaking news from India inc illustration. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India Inc reported an uptick in revenue growth in the January-March quarter (Q4) of 2023-24 (FY24), but it came at the cost of a deceleration in earnings growth. ....
The revenue growth of early birds or companies that have declared their Q4FY24 (March quarter) numbers is the highest in the last four quarters.
The 178 companies (excluding their listed subsidiaries) that declared their results have reported a sales growth rate of 13.2 per cent year-on-year (Y-o-Y), taking aggregate revenue to Rs 9.1 trillion.
Including other income, growth is at 16 per cent, the highest in the last four quarters. ....
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs.
For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives. ....
Private credit is fast emerging as a major source of finance for projects in India as several entrepreneurs are looking for short-term debt to bridge the funding gap due to difference in pricing for equity dilution, top officials at PwC India said.
They said while new private equity (PE) investments during the past two years have declined, several public market exits by PEs were observed during that period.
Several companies are likely to approach capital markets in the near future to provide liquidity to PE fund investors. ....
Corporate India reported high double-digit growth in net profit for the fourth consecutive quarter in October-December 2023 (Q3FY24), driven by margin gains from lower prices of raw material and energy. ....