Fri, Feb 2, 2024 2:41 PM
Somany Ceramics Consolidated December 2023 Net Sales at Rs 612.14 crore!
A Flip by Avya Verma
Listed companies paid royalty to related parties in excess of 20% of their net profits on one out of four occasions, flagging the need for change in norms, a study published by the Securities and Exchange Board of India (Sebi) Thursday showed. “The data suggests that though the royalty payments made by companies are reasonably within the stipulated threshold."
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Asian equities climbed, while the dollar and Treasuries steadied following big moves in the US session triggered by a paring back of Federal Reserve rate cut expectations. Japanese benchmarks gained about 0.8%, supported by weakness in the yen as the country’s economic growth slowed. South Korean shares fell, weighed down by battery makers on news that Donald Trump may eliminate a tax credit.
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Companies in India are facing less opposition from shareholders, with only 16% of resolutions seeing more than 20% dissent from institutional shareholders in the recent proxy season, down from 17% in previous years, as companies engage more with investors and take minority shareholders' concerns into account.
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