Page 4 - Prime Database News Today

The situation is worse in the case of the Indian IT industry, with none of the 54 companies in the NSE-1000 index having a female CEO. Market leader TCS, which employs more than 200,000 women (constituting over a third of its workforce), has no women in its key managerial personnel (KMPs), as per its annual report. In fact, among the top 5 IT companies, only Wipro has a woman in a KMP role - it appointed Aparna Iyer as CFO in September last year.

HNIs have become the go-to source of capital for many small companies.

Insurance companies, led by LIC with a substantial 68 percent share (Rs 13.02 lakh crore) in equity investments, collectively sold a net of Rs 15,622 crore during the quarter

Deloitte Indias recent decision to send 35 senior partners above the age of 55 has sparked debates about ageism in India. However, data indicates that below-40 executives often run the show at new-age companies and startups, with large and complex firms relying on battle-hardened corporate veterans who have negotiated multiple business cycles. In NSE-500 companies, a typical Indian CEO today is 57 years old, similar to data on C-suite occupancy for Fortune-500 firms.

While some selling may have been the result of FPIs paring stake to comply with the new regulations, analysts say the big falls over the past few sessions were triggered by stock-specific negative news and overvaluation

India Business News: Sony's cancellation of the merger with Zee poses a threat to Zee due to low promoter holding, potential takeover bid, and leadership changes. Goenka's

Data sourced from Prime Database reveals that 48 companies spent ₹48,079 crore on buying back their stocks in 2023 - a year when the benchmark Nifty 50 appreciated over 20%. This is second only to the record of over ₹55,000 crore spent in 2017 when the benchmark index posted a return of 29%.

India Business News: Indian corporates raised nearly Rs 9.6 lakh crore in 2023 through the issuance of corporate bonds, marking the highest-ever annual mobilisation from debt instruments. This article explores the factors contributing to this record mobilisation, including credit demand, economic growth, and liquidity constraints.

Real Estate Investment Trusts: According to data compiled by Prime Database.com, REITs and InvITs collectively raised Rs 11,474 crore in 2023 compared to a record low amount of Rs 1,166 crore clocked in 2022.

Before that, funds to the tune of ₹17,641 crore were collected through the route in 2021 and ₹29,715 crore in 2020, the data showed. REITs and InvITs are new concepts in the Indian market but have been a popular choice globally for their lucrative returns and capital appreciation.