Data recap: High dividends, laptop curbs, CSR spends
₹4 trillion in the last fiscal year, registering a 28% rise. From 1 November, India will restrict the import of laptops and computers in a bid to boost domestic manufacturing. Meanwhile, Indian companies' spending on corporate social responsibility (CSR) remained flat in 2021-22.
To boost domestic manufacturing, India is all set to curb imports of laptops, tablets and personal computers among other items. From November, companies will need a licence for their inbound shipments. India's move is expected to hit major foreign players like Dell, Apple, Lenovo, and HP, possibly making their products expensive in the country.
At present, India has almost no competitive advantage in the international trade of computers. The market is dominated by China and Vietnam, the former being the world leader in computer exports and also the largest net exporter, aMint analysisshowed. India Inc.'s spending on corporate social responsibility (CSR) remained flatin 2021-22, an analysis byprimeinfobase.combased on companies’ annual reports showed.
The combined CSR expenditure by 1,205 listed companies that were required to spend under the law stood at ₹14,801 crore, similar to ₹14,763 crore in 2020-21. Education-related sectors and healthcare segments received the highest CSR spends, close to 60% of the total expenditure. Reliance Industries continued to lead the charge in CSR activities by shelling out ₹813 crore in 2021-22.
Adani stakes $500 million:That's theamount raisedby the promoters of Adani Group by selling a part of their holdings in Adani Green Energy. As of market price on 8 August, around ₹31,095 crore were required by the promoters to release the shares pledged by the promoters in five key group firms. The Adani group’s
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