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The Economic Times
The Economic Times NFRA says its SA 600 revisions get backing from CII, ASSOCHAM, corporates including Tata Chemicals, M&M
Earlier, the NFRA had invited public comments on SA 600 until October 30th, amid a tussle with the ICAI over auditing standards. As stated by the NFRA, the feedback received during the public consultation has been largely positive. The final decision on the matter will be taken by the Ministry of Corporate Affairs.
The Economic Times Petrol, diesel, jet fuel sales surge in Nov as economy picks up
India's petrol, diesel and jet fuel sales shot up in November this year compared to the same month last year, reflecting the higher level of economic activity in the country, data compiled by the public sector oil companies showed.
The Economic Times RevFin aims to finance 20 lakh vehicles, INR 20k cr loan disbursements in 5 yrs: CEO
Sharing how the company has grown, especially in the last couple of years, he said, "We have now financed about 75,000 vehicles, and out of that, about 25,000 vehicles have only been financed this year. Last year, we did 30,000 vehicles in total".
The Economic Times Trump's 100 per cent tariff threat on BRICS: Need to see if US laws permit sanctions: Ex-RBI Guv
Donald Trump warned that BRICS countries will face 100 percent tariffs if they shift from the US dollar. However, former RBI Governor Duvvuri Subbarao indicated that it is unclear whether Trump will follow through. Subbarao also mentioned that BRICS nations face internal challenges, making the move to a common currency unlikely due to political and economic factors.
The Economic Times Beta Drugs Limited raises INR 117 cr from HealthQuad, Inti Capital and others to accelerate growth plans
Beta Drugs Limited raises INR 117 crore from HealthQuad, Inti Capital, and others through a preferential allotment of convertible debentures and equity shares. This investment will aid Beta Drugs in accelerating its growth plans and expanding its footprint globally, with a goal to be among India's top five oncology companies.
The Economic Times India’s manufacturing PMI declines to 56.5 in November
India's manufacturing sector growth slowed in November as the Manufacturing Purchasing Managers' Index (PMI) dropped to 56.5 from October’s 57.5. Rising input costs pushed output prices to an 11-year high.
The Economic Times JSW set to launch its own EV brand to 'Make in India'
Months after forming a $1.5 billion joint venture with China's SAIC Motor for electric vehicles, JSW Group plans to launch its own EV brand. JSW Chairperson Sajjan Jindal emphasized producing and selling in India. A new EV plant in Aurangabad will create 5,200 jobs. This move positions JSW against major competitors like Tata Motors and Mahindra.
The Economic Times Saint-Gobain mirrors global mood, says India business will grow 3-fold in 10 years
Saint-Gobain, a France-headquartered sustainable construction major, targets three-fold growth in India, aiming for a turnover increase from ₹14,200 crore to nearly ₹50,000 crore by 2035. The company plans to leverage local manufacturing, diverse leadership, and extensive operations in glass, gypsum, abrasives, and construction chemicals to drive growth, a senior company executive told The Economic Times.
The Economic Times Ambuja Cements partners with Coolbrook for cement manufacturing with zero-carbon heating technology
This cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainability vision.
The Economic Times Big hotel brands see room for growth in manufacturing hubs
Mid- and upscale hotels are being developed in India's manufacturing hubs to meet the needs of business travellers. Brands such as Marriott, Hyatt, and Ginger are setting up properties in industrial areas. This trend reflects the growing demand for quality accommodation near manufacturing sites as India's industrial sectors continue to expand.
The Economic Times UPI Digital Payments: Over 16.5 billion transactions worth ₹23.49 lakh crore processed in Oct '24
As UPI continues to expand globally, it is setting new standards for digital payments, empowering citizens, enhancing economic opportunities, and contributing to India's increasing influence in the global financial arena.
The Economic Times India factory growth softened in November on high inflationary pressures, PMI shows
India's factory growth slows in November while maintaining strong momentum, amid eased demand due to rising price pressures. PMI falls to 56.5 from 57.5 in October, still above the 50-mark. International demand rises, boosting business outlook, while there's a rise in Inflationary pressures, impacting input and output prices.
The Economic Times PM Internship scheme: Firms willing to top up stipend fixed by govt for pay parity
Large companies like Reliance Industries, Tata Consultancy Services, and Maruti Suzuki will top up the government stipend for interns under the PM Internship scheme. The scheme aims to provide internships to young Indians and enhance employability. The portal was launched in October, and the scheme will expand in the coming fiscal years to include more applicants.
The Economic Times IPO rush keeps FPIs busy in primary market in November, outflow continues in secondary market
In November 2024, Foreign Portfolio Investors (FPIs) invested significantly in India's primary market through IPOs, while selling in the secondary market slowed down compared to October. FPIs' strong primary market engagement results from a surge in IPO activity, with 79 mainboard IPOs raising nearly Rs 1.4 lakh crore so far in 2024.
The Economic Times Rate cut is unlikely but RBI may signal it's ready to act
The Reserve Bank of India's Monetary Policy Committee is expected to focus on faltering economic growth rather than inflation during its December 4-6 meeting. Despite calls for lower interest rates, the RBI's commitment to controlling inflation and promoting financial stability may prevent a rate cut, even as growth targets face challenges.
