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The Economic Times
The Economic Times EcoRatings gets SEBI license for ESG Ratings
With this regulatory approval, EcoRatings is now authorised to evaluate ESG performance for financial securities, both those currently listed and those preparing for listing, as well as for the issuing companies.
The Economic Times Canva appoints former zoom exec, Kelly Steckelberg as CFO
Moving from the role of CFO at Zoom, Kelly Steckelberg shall assume charge as the Chief Financial Officer of Canva, an online design software. Steckelberg’s appointment comes after the sudden departure of former Chief Financial Officer, Damien Singh from the company earlier this year.
The Economic Times India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report
India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. In contrast, China is expected to witness a decline in its workforce during this period.
The Economic Times Embedded finance to unlock $25 bn revenue opportunity for India’s platforms by 2030
Embedded finance means where financial services can exponentially expand customer reach by directly integrating within everyday consumer platforms, open digital networks and supply chains.
The Economic Times AI-powered customer experience platform CommBox raises $15M in funding
This investment follows PSG Equity’s original 2021 investment and will be used to help expand CommBox's global footprint and enhance its innovative AI-powered solution.
The Economic Times Food-delivery startup Swish raises usD 2 million in maiden round led by VC firm Accel
Angel investors such as founders of Urban Company Abhiraj Bhal and Varun Khaitan, former Swiggy Instamart head Karthik Gurumurthy and others participated in the round. The funds will be used to expand operations and scale its delivery across Bengaluru, and later to other tier-1 cities.
The Economic Times India's electronics sector set to create 12 million jobs amid skill hunting: Report
The projections indicate the creation of 12 million jobs, encompassing 3 million direct and 9 million indirect roles, according to a report by TeamLease Degree Apprenticeship.
The Economic Times Banking CEOs confident about growth, focused on Gen AI and sustainability, KPMG survey
The KPMG CEO Outlook, marking its tenth year globally, found that 66 percent of banking CEOs are optimistic about the growth prospects for the banking and capital markets industry over the next three years.
The Economic Times Govt pushes back on key RBI proposals fearing hit to credit growth
The Indian government is pushing back on two key proposals from the Reserve Bank of India (RBI) aimed at increasing bank reserves for infrastructure projects and online deposits. The RBI proposed banks set aside 5% of loans for infrastructure projects under construction and another 5% for "run-off" reserves on digital deposits.
The Economic Times Meta disagrees with CCI's privacy policy ruling: Has this 'reminder' for Indian regulator
Meta plans to appeal a ₹213 crore penalty imposed by the Competition Commission of India (CCI) for unfair business practices related to WhatsApp's 2021 privacy policy update. Meta disagrees with the CCI's decision, stating that the update didn't change user privacy and offered choices.
The Economic Times Plan afoot for Singtel, Mittals to equalise direct stake in Bharti Airtel
Currently, Singtel directly owns 9.5% in Bharti Airtel through its affiliate, Pastel Ltd, while the Sunil Mittal-led promoter family holds a 3.31% direct stake through Indian Continent Investment Ltd (ICIL), a promoter group entity. Industry executives said the exercise is part of Singtel’s plans to boost shareholder returns and increase returns on invested capital.
The Economic Times Ahead of IPO, NTPC Green Energy collects Rs 3,960 crore from anchor investors
NTPC Green Energy has secured Rs 3,960 crore from anchor investors, including Goldman Sachs and LIC, ahead of its IPO. The company plans to use the IPO proceeds to repay debt and fuel its expansion in the renewable energy sector. India's renewable energy capacity has significantly increased, positioning the country as a global leader in the sector.
The Economic Times WeWork India appoints Jitendra Mohandas Virwani as non-executive chairman, Karan to be MD & CEO
Karan Virwani has now taken on the expanded role of Managing Director & CEO. Mahua Acharya and Anupa Rajiv Sahney have joined as Independent Directors.
The Economic Times GST Council to hold 55th meet on December 21 in Jaisalmer, Rajasthan
Union Finance Minister Nirmala Sitharaman will meet her state counterparts on December 21 in Jaisalmer, Rajasthan, for the 55th GST Council meeting. Key decisions are expected, including whether to exempt or lower the GST rate on health and life insurance premiums. A group of ministers has recommended exempting GST on premiums for term life insurance and health insurance for senior citizens, as well as on premiums up to Rs 5 lakh for other individuals.
The Economic Times LIC appeals GST demand of ₹29.6 Lakh for FY 2019-20
LIC has appealed to the GST Appellate Authority, Delhi, against a ₹29.6 lakh GST demand for FY 2019-20, along with ₹23.09 lakh interest and ₹2.96 lakh penalty, citing output tax declaration and ITC issues.
