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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.

The Economic Times Bata India appoints Amit Aggarwal as new CFO

Bata India has appointed Amit Aggarwal as its new CFO and Director of Finance, effective December 23, 2024, following the resignation of Durgesh Singh, as the company expands its strategic partnerships.

The Economic Times Zomato joins Sensex, signals shift in India’s business landscape

Zomato's inclusion in the 30-stock benchmark index is driven by a remarkable rally in its stock. Shares of the Deepinder Goyal-led company have surged 45% over the past six months and 133% in 2024, compared to a 10% gain for the Sensex. Further bolstering its financial position, Zomato raised Rs 8,500 crore through a qualified institutional placement (QIP) largely led by domestic investors, the company announced on November 29.

The Economic Times India's savings rate shoots past global average: SBI report

India's savings rate has surpassed the global average as financial inclusion has shot up in the country with over 80 per cent adults now having formal financial accounts, according to an SBI report released on Monday.

The Economic Times GST Council Raises Tax On Sale Of Used Cars By Businesses To 18%

The sale and purchase of used cars by individuals continue to be exempted from GST.

The Economic Times At $5 billion, startup’s exit street buzzier in 2024

Indian startups saw over $5 billion in exits through secondary transactions, IPOs, and block deals in 2024. This trend is expected to accelerate in 2025 with a projected doubling of IPOs. Secondary deals are providing liquidity for existing investors and entry points for new investors, even in younger companies preparing for public listings.

The Economic Times Sebi suspends trading in Bharat Global Developers over financial misrepresentation

India's market regulator, SEBI, suspended trading in Bharat Global Developers Ltd (BGDL) for alleged financial misrepresentation and market manipulation. An investigation revealed inflated share prices, false disclosures, and unusual trading activity. Key figures and preferential allottees are barred from market activities, and illegal profits are frozen.

The Economic Times 90% of manufacturers face production challenges amid labour shortage, study finds

A Quickbase report reveals that 90% of manufacturers face production challenges due to labour shortages, with 41% struggling to transfer knowledge from experienced workers. While 49% plan to adopt automation, only 39% currently use it. With 1.9 million manufacturing jobs projected to go unfilled by 2034, investing in technology like predictive analytics and IoT is crucial to boost efficiency and address workforce gaps.

The Economic Times Real GDP growth seen lower than RBI estimates in Oct-Mar

Economists predict slower real GDP growth in the second half of FY25, ranging from 6.4% to 6.6%, compared to RBI's 7% projection. High-frequency data reveals mixed indicators for consumption and investment sectors. Weaker exports, consumption spending, and construction activity contribute to the lowered growth forecast, despite increased government and agricultural spending.

The Economic Times Google to slash 10% of managerial roles

Google is reducing 10% of its managerial roles, including directors and vice presidents. The move aligns with CEO Sundar Pichai's vision of streamlining operations and staying competitive. Recent cost-cutting efforts have also included layoffs in core technical teams and overseas role relocations, reflecting Google's focus on maintaining its market edge in the rapidly evolving AI landscape.

The Economic Times Railways' switch to accrual-based accounting to boost multilateral, green financing: ICAI

Indian Railways has fully transitioned to accrual-based accounting for the 2023-24 fiscal year. This shift, supported by the ICAI, enhances transparency, facilitates access to green financing and aligns with international accounting standards. The move also marks a significant step towards achieving ESG goals, with environmental initiatives reflected in the 2022-23 financial statements.

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