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Ind-Ra upgrades credit growth estimates to 6.9%

India Ratings and Research has upgraded its FY21 credit growth estimates to 6.9% from 1.8%, given the improved economic environment an ...
The Economic Times
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| 27 February, 2021, 05:44 PM IST | E-Paper


    Rising fuel cost pushes India Inc to hike prices

    Rising fuel expenses are having a cascading effect on manufacturing costs across sectors, which is resulting in higher prices for the end consumer. On Thursday, RBI governor Shaktikanta Das also pointed out that rising fuel prices have a cost-push factor.

    Rising fuel cost pushes India Inc to hike prices

    For trucking, almost 45% of the cost is due to fuel. And with fuel prices having gone up 65 ...

    GDP in positive trajectory a promising sign: India Inc

    Industry bodies expressed confidence that the GDP will improve further in the coming m...

    • FICCI President Uday Shankar said senior government functionaries and other officials responsible for the execution of the programme would adopt a highly cautious approach in case they are not insulated from the outcome of their bona fide decisions.

      According to the survey, more than 1,000 companies out of 1,200 companies surveyed in India are likely to hand out salary hikes this year even as companies recover from the pandemic shock. Despite a tough 2020 with stringent lockdowns, India continues to project the highest salary increases among the BRIC nations.

      The ET India Inc Boardroom brings tales of how businesses braved the odds in a tough environment, the resilience they showed and the optimism they share for future growth.

      World over, more and more companies are sharpening their strategies as experts such as the WEF’s Global Risk Report 2021 released last month lists climate change as one of the most impactful risks after COVID. How prepared is India Inc?

      A sample of 3,087 companies reported 68.7% year-on-year growth in net profit for the October-December 2020 period, the strongest in nine quarters. This was largely on account of better cost control by companies as revenue grew by a modest 1.8%.

      ​​Many others that have already been linking the environment to leadership KRAs are increasing the percentage of payouts, creating new roles for chief sustainability officers or aligning goals to performance targets of all staff.

      PM's recognition of the role of private sector in Parliament has boosted the morale of every entrepreneur, Uday Kotak, President, CII, said.

      "Welcome words of encouragement at a fragile time for private enterprise due to the pandemic. Now we have to live up to the expectations...both in performance & governance," Mahindra Group Chairman Anand Mahindra tweeted.

      As economies rebuild from the shocks of the pandemic, resource efficiency becomes key to ensure resilience, sustainability and an equitable society. How can India Inc play an important role in this?

      Only six of the top 250 company CEOs are women, of which three are founders or hailing from promoter families, according to a diversity study for FY20, put together exclusively for ET by executive search firm EMA Partners India.

      The pandemic has reinforced the motto of ‘people, planet and profit’ with investors putting their bets on companies with high ESG scores. Globally, trillions are flowing into sustainable funds, with ESG funds surpassing $1 trillion in assets, last year. In India the market regulator is pushing for more stringent ESG-related disclosures, amid rising investor interest. But for India Inc is ESG emerging as the corporate alpha mantra?

      India Inc CEOs are drawing several lessons in leadership and team performance from the Indian cricket team’s historic win over Australia in Brisbane, as they navigate a challenging business environment amid the pandemic.

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