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The Economic Times
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.
The Economic Times Wipro chairman says hybrid model helping workforce
While several IT services companies in India had moved to a hybrid working model post Covid, several companies including Tata Consultancy Services (TCS), Infosys and Wipro, have started calling their employees return to office more than before. Although many firms continue to remain flexible.
The Economic Times Global economy to see subdued growth amid geopolitical uncertainty in 2025: Barclays Bank
The global economy faces a challenging landscape in 2025 characterized by subdued growth and heightened uncertainty, according to a report from Barclays Bank.
The Economic Times EV industry seeks GST cuts on batteries, charging services to boost affordability
"We would be making a recommendation to the GST Council to rationalise the GST taxation on EV-related areas," Motwani said. Elaborating on the demands, she noted, "Currently the GST on charging services is still 18 per cent which we would request to bring down to 5 per cent so that charging becomes more affordable to the consumers."
The Economic Times Guidelines for GST reimbursement to handloom weavers soon: Minister
Responding to the queries raised by the members in the assembly on Tuesday, Savitha said that the state govt is committed to ensure employment for handloom weavers all through the year.
The Economic Times Public procurement norms may be tweaked to aid makers under PLI
The govt is considering changes to its public procurement rules to benefit manufacturers participating in PLI schemes. One proposal being evaluated is granting deemed local supplier status to companies that contract manufacturing to PLI beneficiaries. This move aims to boost domestic production and provide greater market access to PLI participants in government procurement.
The Economic Times Havells India to invest Rs 480 cr on new refrigerator manufacturing plant in Rajasthan
Havells India Ltd announced a Rs 480 crore investment to establish a refrigerator manufacturing facility in Ghiloth, Rajasthan. The plant, with a proposed capacity of 14 lakh units, is expected to be operational by the second quarter of FY27. The company aims to leverage backward integration and economies of scale through this investment, funded by internal accruals.
The Economic Times Industrial corridors helping India become global manufacturing powerhouse: DPIIT
Spread across key regions in India, each corridor was strategically designed to integrate industry and infrastructure, establishing world-class connectivity that supports rapid industrialisation.
