The Fortune India Next 500 reported its first-ever cumulative loss this year since the list was launched in 2015. This was mainly on account of overleveraged loss-makers.
The pandemic has seen the 136-year-old company reboot by fast-tracking
product launches, embracing automation, upping the emphasis on e-commerce, and focussing on its health portfolio.
Public sector companies, in many ways, are the true jewels of the 500 list, and prove to be the best bets for those who want to earn steady returns on investments in the form of equity dividends.
The 2020 Fortune India 500 issue comes against the backdrop of the far-reaching changes the pandemic has unleashed in India's corporate landscape. Companies will now face an imperfect future.
The Public Investment Fund of Saudi Arabia is picking up a 2.04% stake in Mukesh Ambani’s Reliance Retail Ventures. This after it invested $1.5 billion in a sister company, Jio Platforms.
Astral Poly Technik, a FORTUNE INDIA 500 lister since 2016, and one of FORTUNE INDIA’s TOP 100 Wealth Creators in 2019, sees consolidation picking up in the pipe industry due to the Covid-19 pandemic.
Infosys has had only two external CEOs, the rest being co-founders. There have been several instances of whistle-blowing during the stints of outsiders Vishal Sikka and now Salil Parekh.
After two decades of relentlessly investing huge cash flows to create commodity-driven, asset-heavy businesses, the Reliance Industries chairman is thinking IPs, partnerships and, of course, data.
The pay growth of India Inc.’s top executives and directors was slower in FY19, but six of them took home 1,000 times the median remuneration of their employees.
