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The Economic Times
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.
The Economic Times Samsung Biologics inks 2 new deals worth $668 mn with European pharma
Samsung Biologics said on Wednesday it has won two new contract manufacturing deals with a combined value of 930.4 billion won ($667.7 million) from a Europe-based biopharmaceutical firm.
The Economic Times Majority healthcare job postings seek women professionals: Report
India's healthcare sector is witnessing a surge in demand for women professionals. Government spending and private sector expansion are driving this growth. Apna.co, a job platform, reports 60% of healthcare jobs target women. Demand is high for roles like nurses, pharmacists, and technicians. This trend is observed in both major cities and smaller towns.
The Economic Times Reliance Brands chief Darshan Mehta, who built luxe business, to step down
Mehta who was among the first employees of Reliance Brands has been leading the business since its inception in 2007. An industry veteran with previous stints in companies like Arvind Brands, Mehta built and drove the expansion of Reliance's retail business in the luxury and premium segments.
The Economic Times Tide partners with Ubuntu Consortium to support over 21,000 women entrepreneurs
The Consortium has 54 associations which account for more than 21,000 women entrepreneurs representing 11 states.
The Economic Times Solar energy generation cost to drop by 60 pc by 2050, will create 27 mn green jobs: ISA
Driven by increasing demand and scalability, Solar energy generation costs are likely to drop by 40-60 per cent by 2050, according to a report by the International Solar Alliance (ISA).
The Economic Times Mayank Bidawatka's venture Billion Hearts secures USD 4 mn seed funding
Mayank Bidawatka's Billion Hearts Software Technologies has secured USD 4 million in seed funding. Blume Ventures, General Catalyst, and Athera Venture Partners led the round. This follows a recent USD 250,000 angel funding round. Billion Hearts is developing a global digital consumer product, with a beta launch planned in the coming months.
The Economic Times India strengthening mobile-payment ties with global partners, expanding digital currency efforts: RBI's T Rabi Shankar
India is establishing mobile payment connections with several nations, including Sri Lanka, the UAE, and neighboring countries. The Reserve Bank of India (RBI) is also developing a cross-border payment system and researching the effects of central bank digital currencies (CBDCs) on the financial sector.
The Economic Times Rupee resilient despite FII outflows, India's contribution to world market cap grows
India's strong macroeconomic fundamentals - robust GDP growth, controlled inflation, managed twin deficits and record foreign reserves - have kept the rupee resilient despite foreign institutional investor (FII) outflows, a report showed on Wednesday.
The Economic Times India uniquely positioned to capture 35-50% of global CIH market: BCG
Sreyssha George, Managing Director & Partner at BCG, says that global capability and innovation hubs’ spend is currently estimated at $265-290 bn and is expected to grow to $390-420 bn by 2027.
The Economic Times Ecommerce firms should respect law of land: Piyush Goyal
Commerce Minister Piyush Goyal reiterated that e-commerce companies must comply with the nation's FDI regulations. Goyal's statement follows recent investigations into alleged violations by major e-commerce platforms. Current regulations permit 100% FDI in the marketplace model, prohibiting foreign investment in inventory-based models.
The Economic Times India faces potential summer shortage of ACs, fridges due to BIS refusal of Chinese suppliers
India may have a shortage of air conditioners and refrigerators by summer 2025. The Bureau of Indian Standards has not recertified over 50 component suppliers in China and Vietnam. This decision aims to promote local manufacturing. The appliance industry relies on imports for essential parts like compressors and motors.
The Economic Times India advocates for equitable climate action, calls for free flow of technology and finance
Delivering the national statement at the high-level segment of CoP29 of the UN Climate Change Conference, Union Minister of State for Environment, Forest and Climate Change, Kirti Vardhan Singh emphasized the need for collective action under the principles of the UNFCCC and Paris Agreement.
The Economic Times Quick commerce taps identity verification companies to curb frauds amid ramp-up
Gig economy workers have always been required to submit identity documents before joining a platform. But companies such as Swiggy, Zepto, Blinkit and Zomato are now increasingly collaborating with ID verification firms that utilise advanced technology to authenticate these documents and assess applicants’ behavioural patterns during their assignments. The background checks on delivery personnel, aiming to enhance trust and curb frauds amid rapid expansion of the instant delivery ecosystem.
The Economic Times Flipkart’s Big Billion Days logs double-digit growth in topline, customer base: Walmart
The US retailer's chief financial officer John David Rainey says same-day delivery for Flipkart surged 2.5 times during the festive sale. Walmart had reported that its revenue from advertising had increased to 50% because of the ad business of Flipkart.
