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The Economic Times Infosys' former CFO Mohandas Pai calls out ‘biggest’ salary disparity in IT companies in India: Rs 3.2 lakh in 2011 to Rs 3.75 lakh in 2024

Mohandas Pai criticizes India's corporate sector for widening wage disparity. Executive salaries have surged while fresher salaries stagnated at a mere 15% increase over 13 years. Pai calls for fairer compensation, especially for entry-level and contract workers, citing continued profitability despite automation.

The Economic Times US consumer confidence deteriorates in December

US consumer confidence dropped unexpectedly in December, falling to 104.7 from 112.8 in November, as concerns about future business conditions grew. While consumer views on the labor market improved, their outlook on business conditions weakened, according to the Conference Board. Economists had forecast a rise to 113.3.

The Economic Times Gucci in Gwalior, Rolex in Nagpur: Luxury finds its way to India’s smaller cities

Luxury brands like Gucci and Louis Vuitton are witnessing increased sales in India's non-metro cities due to e-commerce and travel retail expansion. High-end consumption patterns are emerging in tier 2 and 3 locations like Ajmer, Surat, and Kochi, demonstrating rising affluence and spending capacity among consumers.

The Economic Times China's top TV company plans to buy 26% stake in Indian contract manufacturer Epack Durable's subsidiary

Hisense Group is planning to acquire up to 26% stake in Epack Durable's subsidiary for establishing a large appliance manufacturing facility in Andhra Pradesh. The deal follows India's encouragement for Chinese companies to partner locally, requiring multi-department clearance under FDI norms.

The Economic Times 2024 exposed the underbelly of India's Silicon Valley

Bengaluru, India's tech hub, faced a severe water crisis this summer due to a poor monsoon season and depleted groundwater. Residents relied on expensive water tankers, and fines were imposed for non-essential water use. The city's rapid, unplanned growth, including a 1,055% increase in built-up area, has led to a 70% decrease in water surface area, exacerbating the problem.

The Economic Times Coforge, Cigniti forge ahead with proposed merger

Coforge and Cigniti Technologies are progressing towards a merger, with EY and Axis Capital preparing terms for shareholder approval. Coforge plans to absorb Cigniti, with shareholders receiving Coforge shares based on a determined swap ratio. Coforge's market value has doubled recently, and the acquisition aims to leverage synergy in client locations.

The Economic Times Reliance Retail starts test launch of Shein labels on Ajio platform

Reliance Retail is testing sales of Shein's casual women's westernwear on its Ajio platform. Despite Shein's ban in 2020, a partnership allows sales to resume domestically, abiding by government regulations. Shein will rival brands like Zudio and Myntra in the lucrative, growing Indian fast fashion market.

The Economic Times Work starts on $2-billion Tata Capital IPO

The conglomerate recently gave Kotak Investment Banking officials the go-ahead to commence the process after a meeting, they said. It plans to appoint additional bankers by January, they added.

The Economic Times $3.1 billion Vishal windfall for PE partners in IPO : Biggest capital gains for a PE in India

Return on 6-year-old investment is over 50%higher than 2nd-most profitable deal in India, little short of Tiger Global's blockbuster Flipkart bet

The Economic Times India curbing misuse of tax havens through regulatory measures, global tax standards, say experts

With international initiatives like the OECD’s BEPS framework and the implementation of global minimum taxes, the central government is tightening controls to prevent profit shifting, increase transparency, and attract genuine foreign capital, say tax experts.

The Economic Times After squeeze in urban demand, FMCG industry expects consumption revival in 2025

India's FMCG sector expects a 2025 rebound. 2024 brought high costs and inflation, slowing growth. Easing food prices and government spending offer hope. Premium products and quick commerce are gaining traction. Companies are innovating and adapting to changing consumer behavior. Rural demand is steady, and urban demand is projected to recover.

The Economic Times Car companies may hit road to robust sales next year

India's passenger vehicle sales are projected to rise 5% in 2025. Government spending, improved monsoon season, and positive rural sentiment are driving this growth. Demand for entry-level cars is anticipated to increase. Two-wheeler sales show an upward trend. The Indian economy is expected to grow by 6.7% in fiscal year 2026.

The Economic Times India's data centre capacity to more than double by FY27, on rising digitalisation: Crisil Ratings

​To support the strong demand, the incremental capital expenditure would be supported by a higher proportion of debt funding, which will result in a moderate increase in debt levels.

The Economic Times Adani Defence acquires majority stake in air works India for Rs 400 crore

Adani Defence Systems and Technologies Ltd. has acquired an 85.8% stake in Air Works India for Rs 400 crore. This acquisition expands Adani's presence in the maintenance, repair, and overhaul (MRO) sector, bolstering its aerospace and defence portfolio and aligning with the 'Make in India' initiative.

The Economic Times Sebi to auction 28 properties of 5 companies next month

India's market regulator, SEBI, will auction 28 properties belonging to five companies on January 27, 2025. The auction aims to recover Rs 28.66 crore illegally collected from investors. The properties, located in West Bengal and Odisha, include land, flats, and buildings. Companies involved include Bishal Group, Sumangal Industries, and Mangalam Agro Products.

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