Page 2 - Prime Database News Today

According to data sourced from Prime Database, there are 28 non-India expat CEOs among the 2,521 CEOs cumulatively appointed by 2,048 listed companies at end of FY24. The number of expat CEOs has hovered around the same levels over the past decade with several being individuals of Indian origin.

Mark Mobius is an American-born German emerging markets fund manager and founder of Mobius Capital Partners LLP.

Investor interest in Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) has surged, with fundraising hitting Rs 17,116 crore in 2023-24, a significant increase from the previous year. The optimistic outlook for the current fiscal year FY25 is driven by regulatory amendments and growing popularity.

REITs and InvITs are new concepts in the Indian market but have been a popular choice globally for their lucrative returns and capital appreciation.

Going ahead, the outlook for infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) in terms of fundraising for the current fiscal FY25 is very optimistic, industry experts said.

India transitioning to living wages with ILO, affecting labor costs. Disparities in pay among different worker types. Global minimum wage increases noted. Italy resists implementing minimum wage. Challenges anticipated for MSMEs, SMEs, and gig workers.

Indian companies garnered Rs 9.41 lakh crore through the issuance of bonds on a private placement basis in 2023-24, a surge of 10 per cent from the preceding fiscal amid surge in credit demand. The 2024-25 fiscal is expected to be very robust as companies will continue to raise capital for capex

The initial public offerings (IPOs) by small and medium enterprises (SMEs) hit a new high in 2023-2024 (FY24). In this financial year, data from the Prime Database showed that 190 companies raised Rs 5,579 crore through the SME IPO route. This financial years tally bettered the fundraising in the previous financial year when 125 companies raised Rs 2,235 crore.

In FY24, NABARD secured the highest mobilisation through debt private placements at Rs 51,855 crore closely followed by REC and HDFC

While the audit fee hike is marginal, the sharply increasing complexity in business operations, heightened regulatory oversight on listed companies, growing complexity in reporting requirements, and escalating talent and organisation costs every year are putting auditors in a tough spot.