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The Economic Times
The Economic Times Appliances industry seeks second round of PLI, rationalisation of taxes
"We, over a period of time, need to reduce the taxes. We need to reduce our tariffs so that really, our manufacturers can become competitive. We have a large base, and really we should be manufacturing for the world," said CEAMA President Sunil Vachani.
The Economic Times Policy support in upcoming budget could help India's growth recover to 7 pc in FY26: SBI MF Report
Government's policy support in the upcoming Union Budget 2025 could play a key role in boosting India's economic growth to approximately 7 per cent in FY26, from an expected 6.3 per cent in FY25, says a report by SBI Mutual Fund.
The Economic Times RBI likely to follow the path of shallow rate cut in Feb MPC meeting: Report
The Reserve Bank of India (RBI) may opt for shallow rate cuts in its upcoming Monetary Policy Committee (MPC) meeting in February 2025, says a report by Sharekhan, a capital markets company. This comes amidst a cautious global economic environment.
The Economic Times Adani Wilmar shares dive 9% as Adani Group plans to sell 20% stake via OFS
AWL Share Price: Adani Wilmar shares are in focus as Adani Commodities LLP plans to sell up to a 20% stake via an offer for sale (OFS) on January 10. Non-retail investors can bid first, with retail investors following if the oversubscription option is exercised. Shares are offered at a 15% discount to current market prices.
The Economic Times These cash transactions may attract up to 100% penalty by Income Tax Department
Penalty on cash transactions: Recently in a brochure the Income Tax Department has said that taxpayers should avoid using cash for their daily transactions as in certain specified cases penalty for an amount equal to the cash can be imposed. Moreover, the income tax department will disallow deductions if cash is used for transacting above a certain limit. Know the details.
The Economic Times Dunzo’s demise: How the Reliance-backed hyperlocal delivery startup unravelled
Dunzo, once a pioneer of hyperlocal delivery in India, faced operational and financial challenges leading to its decline. Founder Kabeer Biswas has joined Flipkart. Despite substantial investments and aggressive strategies, the company struggled with cash flow issues and mounting losses. Dunzo's rapid expansion and marketing expenses contributed to its downfall.
The Economic Times Aim to become no. 1 country in auto segment: Nitin Gadkari
Union minister Nitin Gadkari emphasized the remarkable growth of India's auto sector, which has now become the third largest globally, surpassing Japan. The sector, valued at Rs 22 lakh crore, significantly contributes to job creation and GST revenue. Gadkari aims to make it the world's largest auto industry.
The Economic Times Budget 2025: Tax cuts, sops on Pharma Inc's wish list
Pharmaceutical and hospital sector executives are requesting higher public healthcare spending, R&D incentives, and tax exemptions on life-saving drugs in the upcoming Union budget. They want more oncology drugs to be tax-exempt and lower customs duties on essential medical equipment. Executives also propose incentives for AI research and standardization of GST rates on medical devices.
The Economic Times Visa Chinese checkers on, companies like BYD and Midea forced to enlist Indian players for board game
Chinese companies are approaching the government seeking clearance for their executives or appointing locals on their boards since Chinese nationals are unable to receive visas or the director identification number (DIN), said industry executives.
The Economic Times Only vishwas, no vivad: Just 1% of ITRs face scrutiny
Even the minuscule 1% cases picked for scrutiny are based on credible information available with the department through third-party reporting, they said, pushing back against the criticism of aggressive income assessment notices. The scrutiny happens only in those cases flagged by algorithm-based data analytics, and where the probability of tax additions is very high.
The Economic Times Amid surge in MFI defaults, small borrowers binge on debt
The number of borrowers taking loans from three or more lenders was 11 million, or 13% of the total microfinance borrower base of 85 million, showed the latest data collated by credit bureau CRIF High Mark, and seen by ET. At present, the microfinance sector is reeling under severe asset quality stress. The sectoral gross nonperforming assets ratio rose to an 18-month high of 11.6% at the end of September
The Economic Times The Great Indian Work-Wife Balance
How many hours a week do you work? Do you follow a 5-day workweek or a 6-day workweek? Several top leaders of India Inc are advocating for employees to work 70 to 90 hours a week. It the new business mantra going to be about about all work, no play? Here’s my view.
The Economic Times Union Budget 2025: India Inc CFOs and experts to discuss industry expectations today
Join top experts and leaders of India Inc featuring Niranjani C, Ramani Dathi, Ramesh Bafna, Aniket Talati, and Kunal Kumar Kundu, moderated by Amol Dethe, in a meaningful conversation discussing expectations from Union Budget 2025, Live on January 10 at 3 pm.
The Economic Times Swiggy unboxes professional services app Pyng under house of apps strategy
Chinese tech giants Alibaba and Meituan have had multiple apps under the group for various services. It contrasts with the one ‘superapp’ strategy where consumers come for one basic use-case and transact through multiple services. Superapps have not experienced any significant success in India.
The Economic Times Reserve Bank Innovation Hub, IIMA Ventures launch programme to foster women-centric fintech startups
The programme invites applications from startups developing gender-inclusive financial solutions, specifically those with a proven MVP/Product, in the pre-Seed to pre-Series A funding stage, or already generating revenue or traction.
