The Economic Times The Economic Times

The Economic Times Mundra Ahoy! Adani sets sail for shipbuilding

Adani's previously unreported shipbuilding scheme is tucked away in the ₹45,000 crore expansion plan for Mundra Port that received environmental and coastal regulation zone clearance recently, according to the minutes of the Expert Appraisal Committee (EAC) attached to the ministry of environment, forest and climate change, which approved the proposal May 15.

The Economic Times India generates 46.7 million jobs in 2023-24 fiscal: RBI data

The employment growth rate for the fastest growing major economy stood at 6% in FY24 against 3.2% in the preceding fiscal, the central bank said Monday in a report on measuring productivity on industry level.

The Economic Times Compliances cut, MCA gets tough on flouting companies law

Arms of the Ministry of Corporate Affairs (MCA) have intensified enforcement actions in recent quarters to ensure stricter adherence to rules, even as the government has lessened the compliance burden on India Inc. In the June quarter, various Registrars of Companies (RoCs) issued a total of 321 orders against firms for alleged lapses under the Companies Act. This figure represents about a fourth higher than the previous quarter, which also saw increased action, according to an analysis of public orders.

The Economic Times Budget 2024: Duty relief, tax rebate on telecom wishlist

Union Budget: India's top carriers seek a duty waiver on 4G/5G gear in the Budget to cut costs and improve connectivity. They propose suspending the 5% AGR contribution towards USOF until its ₹79,638.31 crore corpus is used, reducing the licence fee to 1% of AGR, and extending tax rebates. COAI, major carriers, and finance ministry support it.

The Economic Times Budget FY25 should focus on tax relief to boost consumption: India Inc

Rating agency ICRA said the government is likely to set a fiscal deficit target at 4.9-5 per cent for FY25, as against 5.1 per cent estimated in the Interim Budget on February 1, without compromising the capital expenditure target of Rs 11.1 lakh crore.

The Economic Times HDFC Capital bets big on affordable housing, to invest $2 billion by 2025 end

The world's largest affordable housing platform that counts Abu Dhabi Investment Authority (ADIA) as its key investor is in the process of achieving its medium-term goal of financing 1 million affordable homes in India through existing platforms set up with leading developers.

The Economic Times Telecom hiring may lose steam in FY25

But the lack of telecom and technology skills has created a 2.5 million telecom demand-supply gap, which is expected to increase to 3.8 times by 2030, according to TeamLease.

The Economic Times Government reviews FDI caps; may help defence, insurance sectors

While most sectors have a liberal regime where automatic approvals aren't needed, the department for promotion of industry and internal trade is looking at how investment norms for defence can be made more attractive as govt seeks to move more manufacturing in the strategic sector to India.

The Economic Times On this season of corporate earnings, Nifty50 companies likely to give solid show

Nifty 50 companies expect double-digit June revenue, profit growth, with net profit up 26.4% and 20.6% operating margins. Noted sectors' improvements, geopolitical concerns, Maruti Suzuki's volume growth, credit growth issues, moderate inflation effects, and rural consumption. Analysts predict 13% and 17% EPS growth in FY25 and FY26.

The Economic Times Hindenburg shared Adani report with client two months before publishing it: Sebi

Sebi charged Hindenburg of making "unfair" profits from "collusion" to use "non-public" and "misleading" information and induce "panic selling" in Adani Group stocks.

The Economic Times Sebi likely to act against ‘silent’ PMS firms

Regulator Sebi expresses concern over unresponsive PMS firms in the market. Compliance issues and potential misuse of licenses highlighted. APMI maintains communication with compliant members. Sebi closely monitoring the PMS sector with a dedicated team. Further developments expected in this industry.

The Economic Times Ex-defence secretary Ajay Kumar joins VC play with early-stage fund

Ajay Kumar, a former bureaucrat who retired as India’s defence secretary in 2022, has set up a new venture fund, Mounttech Growth Fund, to back early-stage startups. The Rs 250-crore fund has secured approval from Sebi. The fund will look to back startups in the space, aerospace, and deep tech sectors.

The Economic Times Centre to tweak payment norms for small businesses

​There are several such businesses across the country, which are complaining of govt's well-intentioned move to ensure timely payments being used against small business owners, who have little leeway in negotiating with large companies that dictate the terms for pricing and payments.

The Economic Times Paytm Bank, auditor lock horns over business viability

Paytm Payments Bank faces audit qualification disputes over viability, seeking RBI intervention. Compliance issues led to operational restrictions, prompting directions to transfer businesses. KYC guideline non-compliance has halted income generation and eroded net worth.

The Economic Times Changes likely in India's new EV policy, may benefit legacy car companies

The move comes as US electric carmaker Tesla Inc is still to make any firm commitment on building a factory in India. The policy, which aims to accelerate the local manufacturing of high-end electric cars, currently supports only fresh investments. Consultations are also on with stakeholders on another key issue troubling carmakers.