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The Economic Times
The Economic Times Tata Elxsi, CSIR-NAL partner for advanced air mobility solutions
This partnership will accelerate product development cycles for these sectors by providing access to advanced testing infrastructure, methodologies, and expertise, Tata Elxsi said.
The Economic Times Finmin appoints SBI Chairman C S Setty, Uday Kotak as governing council members of NIIF Trustee
Two new members have joined the Governing Council of NIIF Trustee Ltd. SBI Chairman C S Setty replaces Dinesh Khara, and Uday Kotak takes over from T V Mohandas Pai. They join under the approval of Finance Minister Nirmala Sitharaman. Established in 2015, NIIF aims to boost infrastructure financing with a Rs 40,000-crore fund for various projects.
The Economic Times MeitY ties up with IITs for skill development to boost semiconductor sector
The Ministry of Electronics & Information Technology is focusing on training and skill development for India's growing semiconductor sector. MeitY is partnering with institutions like IITs to enhance skills in semiconductor manufacturing. The government has approved five projects under the India Semiconductor Mission to promote domestic production and develop a strong semiconductor ecosystem.
The Economic Times Jyotiraditya Scindia meets telecom equipment manufacturers to discuss boosting production
The Department of Telecommunications (DoT) has formed six advisory committees consisting of industry stakeholders. The minister routinely meets stakeholders of the committees to take an update of the sector.
The Economic Times India to simplify decades-old income tax filing rules in Budget
India plans to simplify income tax filing rules to make it less tedious for taxpayers and reduce disputes. The changes being discussed include using formulas and tables, and reducing additional forms. The revised legislation is expected to be released for public consultation around mid-January, with the final version coming in the February budget.
The Economic Times Run-up to Budget 2025: Expand tax deferment on ESOPs to boost start-ups
The 2020 tax deferment policy for ESOPs aims to address immediate tax liabilities and financial strain on startups. Despite its potential, applicability is limited to only 3,605 IMB-certified startups. NASSCOM recommends expanding eligibility to all DPIIT-recognized startups to attract talent and reduce employee attrition.
The Economic Times AI agents will revolutionise SaaS and productivity: Microsoft CEO Satya Nadella
Microsoft's Satya Nadella predicts that AI agents will revolutionise SaaS by automating business processes, creating a tier of multi-agent orchestration. He sees 2025 as a pivotal year for large language models. Nandan Nilekani highlights India's strength in AI application development, emphasizing the need for cost-effective AI solutions for large-scale use.
The Economic Times Indian economy expected to grow at 6.8 % in the next fiscal, FY2025-26: Bank of Baroda Report
It may be a subdued growth in the current financial year but the Indian economy is projected to grow by 6.8 per cent in the financial year 2025-26, supported by strong high-frequency indicators, according to a report by Bank of Baroda.
The Economic Times Ola Electric gets Sebi warning over expansion announcement online
According to the Sebi LODR (Listing Obligations and Disclosure Requirements) regulations, the listed entity should “first disclose to the stock exchange(s) all events or information that are material in terms of the provisions of this regulation as soon as reasonably possible.”
The Economic Times CCI's probe into Google's RMG policies: Unlocking the next frontier of digital economy growth
"There is no contention that Google holds a dominant position across key segments of the digital economy and in exercising discretion on what applications become part of the Pilot and which don’t, it became a gatekeeper for a large segment of the RMG sector. Activities that flowed out of this Pilot have denied market entry to RMG companies, increased their cost against the backdrop of manifold increase in GST, imposed survival risk to other RMG players, and stifled innovation."
The Economic Times Puravankara Limited appoints Deepak Rastogi as Group CFO
The company has also promoted Neeraj Gautam, formerly President – Finance, to the position of Deputy CFO.
The Economic Times Samsung forecasts Q4 earnings to fall well short of expectations
South Korea's Samsung Electronics said on Wednesday it expected fourth-quarter profits to be sharply down compared with the previous quarter, falling short of expectations as the company struggled to meet robust demand for chips used in artificial intelligence servers. Sales were seen increasing 10.7 percent on-year to approximately 75 trillion won, also down 5.2 percent compared with the previous quarter.
The Economic Times Per capita nominal GDP in FY25 to grow by Rs 35,000 more than FY23: Economists
Despite a slowdown in real GDP growth, per capita nominal GDP in India is expected to increase significantly in FY25, by at least Rs 35,000 more than FY23, economists have said.
The Economic Times India IPO volumes likely to double from 2024 levels: Goldman Sachs' Iain Drayton
Pace at which PEs are leaning into India, Japan and ANZ is striking, said top Asian dealmaker. Global capital according to him is truly diversifying in the region as new opportunities spring up across the region. Beijing’s recent fiscal stimulus to spur domestic growth and demand may have opened up a window of opportunity not seen in the last few years.
The Economic Times India's fiscal deficit seen rising to 4.98% if economic growth slips
India’s fiscal deficit calculations for FY25 might be impacted by a lower-than-expected economic growth forecast of 9.6%. Lower nominal GDP could result in a slight increase in the fiscal deficit ratio to 4.98%. However, higher-than-budgeted tax collections and reduced capital expenditures might help achieve a lower fiscal deficit of 4.65%.
