CORPORATE INDIA
India's 'achievable' FY27 direct tax target faces a make-or-break second half
India's budgeted direct tax collection target for this fiscal year is Rs 26.97 lakh crore. Current collections are at approximately 53 percent of this target as of November 10. Experts flag the need for a rise in corporate tax and advance tax collections in upcoming months. Non-corporate tax collections have shown slower growth compared to corporate tax collections during the same period.
Vijayawada ranks in top 3 of India's cleanest cities. Indore loses the top spot. Anand Mahindra reacts to the new No.1
Navi Mumbai has replaced Indore at the top of India's cleanliness rankings in Swachh Survekshan 2025-26, followed by Surat and Vijayawada. Anand Mahindra congratulated the city and remembered architect Charles Correa, who helped plan it. Meanwhile, NDMC secured second place in its population category, crediting mechanised cleaning and scientific waste management.
Caught between costly inputs and cautious buyers, India Inc takes a hit
Companies in India's consumer goods, automobile, and paints sectors are increasing prices to offset rising costs. The West Asia conflict has severely impacted input and logistics expenses across various industries. While some companies have raised prices, they are still absorbing part of these costs to maintain demand. Consumer giants like Hindustan Unilever and Asian Paints report pressure on their margins despite price hikes.
LIC’s ₹15.5 lakh crore portfolio revealed: Stocks India’s largest domestic investor bought and sold in Q2
Life Insurance Corporation of India made significant changes to its equity portfolio during the September quarter. The insurer invested in companies such as Larsen & Toubro, Reliance Industries, and Bharti Airtel, while selling shares in ICICI Bank, State Bank of India, and Nestle India. Despite a decline in overall portfolio value, LIC continues to be India’s largest domestic investor.
India's net direct tax mopup rises 11.76%
India's net direct tax collections have risen 11.76% year-on-year to ₹14.42 lakh crore as of November 10. This growth is largely due to increased corporate tax receipts and a significant rise in securities transaction tax collections. Refunds have also increased by 26% year-on-year, amounting to ₹3.08 lakh crore in total. The government has achieved 53.5% of its direct tax target for FY27 so far.
A double transition for corporate India: New accounting rules, new auditors
Companies are preparing for the transition to Ind AS 118 which will impact financial statement reporting. Changes in statutory auditors coinciding with the transition may lead to additional audit work. Incoming auditors will have to familiarize themselves with the new framework and assess comparative figures. Effective communication between outgoing and incoming auditors is crucial during this period.
Life insurers post 26 pc growth in new business premiums to Rs 42,914 crore in October
New business increased to Rs 42,914 crore in October this year, compared to Rs 34,007 crore in the corresponding month last year, according to data released by the Life Insurance Council.
Earnings recovery, FII revival: 5 factors that will shape Dalal Street's next move after Q2
Indian equities are recovering as stronger Q2 earnings, renewed FII inflows and attractive largecap valuations lift sentiment. Analysts identify five key triggers for Dalal Street’s next move, including global AI volatility, geopolitical risks and sectoral flows.
Need for rules comes to fore as India corporate landscape clutters up with family feuds
India's corporate landscape is witnessing a surge in family disputes that threaten the very foundation of long-established businesses. Following the exit or passing of key patriarchs, internal discord often erupts, underscoring the critical requirement for legislative mechanisms that favour transparent succession planning.
OMCs reject Karnataka’s high-ethanol fuel claim, seek fresh tests
State-run oil marketers in India have rejected Karnataka's claims regarding excessive ethanol content in petrol sold. They argue that the state's testing procedures lack adherence to prescribed standards and were unverified. The oil companies assert that their E20 fuel adheres to Bureau of Indian Standards and undergoes strict quality checks. They highlighted that previous tests indicated compliance within the mandated ethanol blending range.
India's investment outlook strengthens as credit, exports rebound; inflation relief likely: HSBC
India's investment outlook is improving as credit growth and corporate revenue increase, pointing towards stronger private capital spending. The report from HSBC highlights that funds to the commercial sector have risen significantly compared to previous years. Additionally, rising services exports have helped maintain a steady current account deficit in the economy. However, challenges such as weak rural demand and inflation continue to impact households and corporate margins.
Keralam testing random fuel samples for ethanol density: State Minister Anoop Jacob says 'major concern' raised in Karnataka
Keralam's Food and Civil Supplies Minister Anoop Jacob recently declared a program to collect petrol samples for ethanol testing, aiming to address concerns voiced by Karnataka officials regarding excessive ethanol blending. Jacob underscored the necessity of consumer transparency regarding fuel components, noting that inspections in Kochi have uncovered samples currently being tested, thus igniting pivotal discussions about fuel quality across Indian states.
AMFI reshuffle: Jio Platforms and NSE may get largecap status, Vedanta may become midcap in H1 CY27
Nuvama expects Jio Platforms and NSE to enter AMFI's largecap category in its H1 CY27 reshuffle, while Vedanta may move to midcap status. The proposed changes also include upgrades and downgrades across midcap and smallcap stocks, with revised market-cap thresholds estimated at Rs 1.12 lakh crore and Rs 36,700 crore.
Overall, India Inc credit profile looks healthy: Ramnath Krishnan, Icra Group CEO
Corporate India's credit profile has maintained strength following a period of deleveraging post-Covid, although external pressures exist. While rating upgrades continue to outnumber downgrades, specific sectors like chemicals and airlines face challenges. The potential for a drop in credit ratios exists, dependent on geopolitical factors and inflation rates. Companies remain hesitant to invest heavily amid uncertain consumer demand, leading to muted private sector capex.
Bonus, stock splits & dividends: Dabur India, HUL, ONGC among 76 companies turning ex-record date this week
As many as 76 companies, including Dabur India, HUL, ONGC, NBCC, and HUDCO, have set record dates for dividends, stock splits, and bonus issues during the week of November 9-13. Markets remain closed on Tuesday, November 10, for Diwali-Balipratipada.
Workout after work: India Inc flexes its fitness muscle as employers make workplace wellness harder to skip
Indian companies are expanding workplace fitness programmes, offering employees access to office gyms, group exercise classes, personal training, sports facilities and memberships across multiple locations. Procter & Gamble, InMobi and Walmart Global Tech are among the employers investing in employee wellness, while fitness providers Cult for Corporates and Fit.Zone report growing corporate demand. The focus is increasingly shifting from offering fitness as an employee perk to encouraging greater participation and making healthy routines part of the working day.
E20 petrol supplied by PSU oil firms meets prescribed quality standards: Oil Min
The government's statement confirmed compliance of 893 petrol samples with prescribed ethanol content standards. Karnataka's Department of Food contested these findings, claiming higher ethanol levels in some petrol samples. Oil marketing companies asserted their sampling procedures were not followed during inspections in Karnataka. They requested access to sampling documentation and proposed joint testing of the ethanol content.
India Inc lights up Diwali with longer weekends, flexible work and extra pay for festive shifts
Companies across India are making Diwali more employee-friendly through extended holidays, work-from-home options, practical gifts and workplace celebrations. Zepto advanced its holiday, while Hitachi India offered employees a choice of gifts. NoBroker.com organised celebrations involving support staff, and Trev Mobility announced additional payouts for driver-partners working during the festival.
India-EU FTA to simplify and reinforce corporate cooperation, says Swedish Ambassador Petra Menander
The proposed India-European Union Free Trade Agreement (FTA) will simplify and reinforce bilateral corporate collaboration, said Sweden's Ambassador to India Petra Menander, pointing to expanded opportunities for technology transfers and joint industrial initiatives.
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