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The Economic Times CIEL HR Services files draft IPO papers with Sebi; eyes Rs 335-cr via fresh issue

CIEL HR Services Ltd, a technology-driven HR solutions provider, has filed for an IPO with SEBI. The IPO comprises a fresh issue of ₹335 crore and an OFS of 47.4 lakh shares by promoters. Proceeds will fund acquisitions, working capital, and the expansion of learning platforms in subsidiaries.

The Economic Times Heinz India faces ₹116.14 million tax appeal under Punjab VAT Act

Heinz India Private Limited faces a tax demand of ₹116.14 million from the Punjab VAT department for alleged short payments between FY 2011-12 and 2014-15. The company plans to challenge the order, including filing a tribunal appeal.

The Economic Times EcoRatings gets SEBI license to provide ESG ratings to financial securities

ESG ratings enable investors to identify and mitigate potential risks linked to environmental, social, and governance factors, thereby reducing the likelihood of adverse impacts on their investments.

The Economic Times India’s services exports to outpace goods by FY30, cut US tech giants’ dominance for growth: GTRI

India's services exports are predicted to surpass merchandise exports, reaching $618.21 billion by FY30, according to a report by GTRI. This growth will be driven by IT and other business services (OBS). However, the report emphasizes the need for diversifying IT exports beyond the US and regulating the dominance of American tech giants to ensure sustained growth.

The Economic Times Crompton Greaves Consumer Electricals aims to double business in 5 years, to focus on premiumisation in fans, says CFO Kaleeswaran Arunachalam

CFO Kaleeswaran Arunachalam expressed confidence in the company’s strong growth outlook, fueled by expansion in solar products, a premiumisation strategy, and commitment to sustainability.

The Economic Times Bitcoin breaches $94,000 for the first time

Bitcoin soared to an all-time high, surpassing $94,000, fueled by reports of a potential acquisition of crypto trading platform Bakkt by Donald Trump's social media company. This surge, coupled with the debut of options trading for BlackRock's Bitcoin ETF on Nasdaq, has intensified speculation about a crypto-friendly environment under the incoming Trump administration.

The Economic Times Equity investments in real estate sector set to hit record USD 10 bn in 2024: CBRE-CII report

The report forecasts equity investments in the sector to range between USD 10 billion and USD 11 billion in 2024, driven by strong inflows into built-up office assets and a robust land acquisition pipeline for residential projects.

The Economic Times Ken Cook to succeed Gunther Plosch as Wendy’s CFO

Cook to serve as the new CFO of Wendy’s, effective December 2 2024.

The Economic Times Why MSMEs should prioritise cybersecurity, financial stability, employee management

There is an urgent need for the MSMEs to invest and train their employees in these areas to survive a major disruption.

The Economic Times Repco Home Finance appoints Shanthi Srikanth as CFO

The appointment comes after the departure of K Lakshmi who resigned from her position citing personal reasons earlier in the month of september.

The Economic Times Microsoft pitches AI 'agents' that can perform tasks on their own at Ignite 2024

AI developers are increasingly pitching the next wave of generative AI chatbots as AI "agents" that can do more useful things on people's behalf. But the cost of building and running AI tools is so high that more investors are questioning whether the technology's promise is overblown.

The Economic Times Ten newly approved industrial cities to boost India's economic corridors: DPIIT

India is developing ten new industrial smart cities along its economic corridors, representing a Rs 28,602 crore investment. These cities aim to boost industrial growth and connectivity across various regions, including the densely populated north and the coastal east.

The Economic Times India's steel industry to grow at 8%; capacity to rise by 20 million tons by FY2027: report

The annual capacity of India's steel industry will increase by 20 million tons between the financial year (FY) 2025-27, says Acuite Ratings & Research in its recent report. The report gives a positive outlook for the Indian steel industry in the medium to long term.

The Economic Times PG Electroplast, Spiro join hands for EV production

The primary responsibility of PG Technoplast will be setting up and managing the manufacturing facilities for electric vehicles, lithium-ion batteries and related components, it said.

The Economic Times India's auto parts industry poised to cross $80 bn revenue in 2024-25

The revenue of India's automotive components industry is expected to cross $80.1 billion in FY2025 while exports have already touched $21.2 billion, according to B2B risk management consultancy Rubix Data Sciences.

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