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The Economic Times HDFC Life Insurance faces ₹3.09 cr demand under GST

HDFC Life Insurance faces a ₹3.09 crore tax and penalty demand from the Patna CGST department. The order, issued on December 13, 2024, alleges excess input tax credit claims and insufficient reversals for exempt supplies between July 2017 and March 2021. HDFC Life plans to appeal the order.

The Economic Times India Inc raises record Rs 1.21 lakh crore via QIPs till Nov in 2024

Indian companies raised a record-breaking Rs 1.21 lakh crore through Qualified Institutional Placements (QIPs) in 2024, a two-fold increase from the previous year. Strong market conditions and high valuations fueled this surge, with 82 companies utilizing QIPs until November. Major players like Vedanta and Zomato led the fundraising, bolstering financial reserves and capitalizing on positive investor sentiment.

The Economic Times Wipro boosts its internal talent base to drive growth

Wipro is bolstering its workforce for future growth. The company is focusing on leadership stability under CEO Srinivas Pallia. Wipro is hiring fresh talent and experienced professionals. It aims to hire 7,000-7,500 people by December. The company has shifted its campus recruitment strategy to 'train and then hire'. Wipro sees positive signs of a market rebound.

The Economic Times Over-regulation of generative AI could stifle innovation and efficiency, says Happiest Minds CFO Venkatraman Narayanan

Happiest Minds CFO Venkatraman Narayanan outlines the company’s $2 million investment in generative AI, alongside strategic acquisitions and global expansion plans, forecasting 30-35% revenue growth despite geopolitical and economic uncertainties.

The Economic Times Trump Era Begins: What it means for global markets and Indian economy

Markets experienced volatility following Trump's election win and Republican control of Congress. While the US economy remains resilient, Trump's policies pose inflationary risks, influencing Fed decisions on rate cuts. Global economic divergence, particularly between a strong US dollar and weaker BRICS currencies, adds to market complexity.

The Economic Times India's growth on resilient trajectory, equity markets in consolidation phase

India's economic momentum is expected to recover in the second half of FY25, driven by a rebound in government capex post-elections, recovery in rural consumption, and on the back of festive season demand, a report by Motilal Oswal Private Wealth (MOPW) said on Saturday.

The Economic Times Indian auto components industry sees 11.3% growth in H1 FY25: Report

India's auto components industry saw robust growth in the first half of FY25, with an 11.3% increase in market size to $39.6 billion. Demand for larger vehicles, especially UVs, surged, alongside a rise in motorcycles with higher engine capacities. EV sales grew overall, but electric passenger vehicles saw a decline.

The Economic Times Swiggy launches Scenes, takes on Zomato’s District

Swiggy launched 'Scenes', a new in-app feature for booking tickets to restaurant events, directly competing with Zomato's District platform. Currently operating in Bengaluru, Scenes offers tickets to events like New Year's Eve parties and live music performances, leveraging Swiggy's 17.1 million monthly users.

The Economic Times NPCI empowers citizens by promoting awareness against ‘digital arrest’ frauds

Fraudsters pretend to be law enforcement officials, tricking victims into sending money or sharing personal information by making up fake legal cases involving victim or their family member.

The Economic Times ‘India can grow even faster with less inequality’: Economist Thomas Piketty

Economist Thomas Piketty addressed India's extreme inequality, second only to South Africa. He advocated for a 2% wealth tax on the ultra-rich to fund public services and broaden the tax base, citing China's success with increased tax revenue and reduced inequality. He emphasized India's potential for faster growth and poverty reduction with less inequality.

The Economic Times Capital markets poised for expansion; Nuvama, Nippon Life AMC could give 16-27% return

India's capital markets are booming, with demat accounts and SIP flows surging. Despite low penetration compared to global benchmarks, the expanding workforce and digital advancements fuel growth potential. AMCs, brokers, and wealth managers are poised for robust expansion, driven by innovation and regulatory changes. Nuvama and Nippon Life are highlighted as attractive investment opportunities within this thriving landscape.

The Economic Times Can cryptocurrencies emerge as the 'new gold'? Exploring their future as safe-haven assets

Amidst global economic uncertainty, investors are seeking refuge in safe-haven assets like gold and Bitcoin. Gold offers tangible stability, while Bitcoin, termed "digital gold," attracts investors with its decentralised nature and potential as a hedge against inflation. The debate continues on whether cryptocurrency can truly replace gold as the ultimate safe haven.

The Economic Times India's per capita availability of fruits and vegetables increases by 7 kg and 12 kg over last decade: Report

India's fruit and vegetable availability has increased, exceeding recommended levels, yet 30-35% is lost due to supply chain inefficiencies. Extreme weather impacts production, while easing retail inflation is attributed to falling vegetable prices, though food prices remain a key inflation driver. Inflation across states is converging towards 4%, influenced by labor migration.

The Economic Times India's CPI inflation to ease to 4.7-4.8 pc in FY25, driven by lower food prices: Report

India's CPI inflation is projected to be around 4.7-4.8% for FY25, due to easing food inflation and stable global commodity prices. Favorable harvests and benign global food and energy prices contribute to this positive outlook. November 2024 CPI inflation moderated to 5.5%, with vegetable inflation dropping significantly. This trend may lead to a more accommodative monetary policy by the RBI.

The Economic Times India's data centre investments to exceed USD 100 bn by 2027: CBRE

India's Data Centre (DC) market is witnessing a surge in investment activity, with Maharashtra and Tamil Nadu emerging as the most preferred destinations.

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