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The Economic Times
The Economic Times Wipro Founder Azim Premji And Manipal Group’s Ranjan Pai To Invest In Akasa Air
Azim Premji's family office, Premji Invest, and Ranjan Pai’s Claypond Capital have secured a minority stake in Akasa Air as part of a $130-140 million fundraising initiative. This investment marks a significant step for the airline, which is aiming to expand its operations. The deal values Akasa Air at just under $350 million, a considerable increase from its 2021 valuation of $86 million. The funding is expected to fuel the airline’s growth, including fleet expansion and aircraft pre-delivery payments.
The Economic Times 2024 was a roller-coaster ride: How will India’s economy fare in 2025?
India is facing challenges like high inflation, falling wages, and weak corporate earnings. However, the RBI’s neutral stand on the repo rate and a 50 bps CRR cut may boost liquidity and consumer spending. Tension between the US and China can provide India with a strategic advantage. India’s largest exporting destination is the US, with a trade surplus in FY24.
The Economic Times Carlyle eyeing $1 billion Indian IPO for Quest Global: Report
Carlyle Group is exploring a potential $1 billion IPO for Quest Global Services in India, targeting a valuation exceeding $5 billion. The engineering services firm may redomicile to India before the listing, possibly in 2024. India's booming IPO market and strong economic growth are attracting significant investor interest.
The Economic Times India now an anchor market, says PepsiCo
PepsiCo bets big on India for future growth. As the company restructures its international beverages business, India stands as one of 13 key markets for PepsiCo. The company's India operations reported double-digit growth as the company aims to strengthen its beverage business globally.
The Economic Times Amazon deploys 10K EVs in India
Amazon India reached its 10,000 electric vehicle target early. The company deployed EVs across 500 cities. This helps Amazon's 2040 net-zero carbon goal. The initiative reduces emissions and supports India's sustainability efforts. Amazon is also testing long-range electric trucks. The company collaborates with manufacturers and finances EVs for delivery partners.
The Economic Times Substantial rise in GST collection between April-November 2024
The Goods and Services Tax (GST) collections have gone up by 9.3 per cent so far in the current fiscal 2024-25 to Rs 14.56 lakh crore. In the April-November period of last year, the tax mop-up was Rs 13.32 lakh crore.
The Economic Times India's 6G technology ambitions run into funding challenges
In comparison, China, already a strong player in 6G research, has earmarked a $1.55-trillion fund for telecom R&D. As per industry estimates, China and the US have set aside around 2-3% of their respective GDPs for tech R&D.
The Economic Times Reserve Bank of India receives bomb threat, probe underway
The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, police said.
The Economic Times SEBI's Proposed Specialised Digital Platform: A new era of investor protection, market integrity
Continuous engagement with market participants and investors will be crucial to ensure the framework remains relevant and effective in achieving its objectives. The SDP framework has the potential to shape the future of the Indian securities market, driving greater investor protection, market integrity, and innovation in the digital era.
The Economic Times Karl Schussler GmbH expands precision engineering operations with new subsidiary in India
Schuessler India will offer the company’s portfolio of over 1,800 products, including collet chucks, Hawk Eye Precision ER collet chucks, shrink-fit chucks, and other tool-holding systems. These products cater to various sectors, including automotive, aerospace, electronics, and medical.
The Economic Times Industry must skill, provide job opportunities to disabled: Piyush Goyal
Industry must devise ways to skill, train, and provide employment opportunities to physically impaired citizens, said Union Minister of Commerce and Industry Piyush Goyal.
The Economic Times Aviva's India officials approved brokerage model queried by taxmen
Indian tax officials are investigating Aviva for a scheme that allegedly paid illegal commissions to agents from 2017 to 2023, using fake invoices to bypass regulatory caps. A confidential company document reveals that the scheme, known as the "Agent Mentor Model," was rolled out in 2013 and approved by top Aviva India executives.
The Economic Times Food inflation easing could be a temporary relief; inflation remains key risk for any economy: Devendra Pant
India's food inflation is easing. However, increasing oil and fat prices may cause future problems. The RBI may not cut rates in February. The decision depends on new data. This includes the Union Budget and the global economic situation. Demand growth is crucial for investment. Real wage growth is important for consumption.
The Economic Times India’s MSMEs offer huge opportunities, need to further leverage this sector: Oliver Prill, Tide
Oliver Prill, CEO of Tide, emphasises the importance of leveraging the MSME sector, which is crucial for driving India's economic growth.
The Economic Times Food inflation in richer states cooling down faster
The State Bank of India reports that food inflation has fallen more sharply in wealthier Indian states than in poorer ones over the last decade. Labor migration to wealthier regions is cited as a contributing factor, impacting regional inflation rates and highlighting the need for targeted policy interventions.
