For the first time, India will include annual targets for state-run companies on metrics such as earnings before interest, tax, depreciation and amortisation (EBITDA), according to the sources and a document on the draft guidelines, which is currently before a government committee.Other targets will include increasing market capitalisation or share price, as well as measures such as return on net worth and capital employed, they said.

For unlisted companies an improvement in earnings per share will be a key parameter instead of market capitalisation, the document showed.

Managers at state-run companies will have their bonuses and incentives linked to meeting the annual targets.

Going forward, on the domestic front, the focus of FPIs would continue to be on the active COVID-19 case count coming further down and the economic getting back on growth trajectory, Himanshu Srivastava, associate director – manager research, Morningstar India said. There has been improvement in the macro-economic environment which has so far ensured that FPI flows remain intact.

In credit card segment, non-metros remained ahead of metros with their contribution growing by over 20 per cent. There was 115 per cent rise in applications for premium credit cards and 240 per cent jump in applications by females in non-metros, showed the study. ”Habits once formed during the pandemic are likely to last. Credit card users have gotten used to accelerated rewards and cashback through online shopping. This will likely continue,” the report said.