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The Economic Times
The Economic Times Magellanic Cloud CFO Sanjay Chauhan foresees Rs 50,000 crore drone market in India over next 5 Years
Magellanic Cloud CFO Sanjay Chauhan outlined plans to tap India’s Rs 50,000 crore expected drone market, targeting 20-25% annual revenue growth. With a focus on drones, IT, and surveillance, the company aims for mid-cap status in 3-4 years.
The Economic Times Port delays, red tape hurting India's 10,000 steel user units: Think tank
Indian steel user industries, encompassing over 10,000 units, are facing a crisis due to prolonged port delays and cumbersome regulatory hurdles. These challenges, stemming from policies designed to protect domestic steelmakers, have inadvertently hampered the growth and export capabilities of these industries. The think tank GTRI urges the government to streamline import processes and digitize systems to alleviate the situation.
The Economic Times Trump, rupee and economic growth: What's in store for India in 2025?
DBS Bank predicts India's economic growth will moderate to 6% in 2025 and 2026, influenced by factors like a potential Trump return and domestic challenges. Despite this, India's long-term outlook remains positive, with expectations of becoming the world's third-largest economy, fueled by infrastructure investments and a stable macroeconomic environment.
The Economic Times How companies are enhancing delivery partners' wellbeing through upskilling, education, & life quality initiatives
Food delivery cos in India, including Swiggy, Zomato, and Delhivery, are implementing initiatives to enhance the well-being of their delivery partners. These initiatives encompass skill development programs, financial literacy training, and opportunities for career advancement, reflecting a growing recognition of the crucial role delivery partners play in the industry.
The Economic Times WeWork India realigns its leadership structure to strengthen strategic growth initiatives in the region
WeWork India has restructured its board of directors with new appointments and role transitions to bolster its next phase of growth. Karan Virwani takes on the expanded role of Managing Director & CEO, while Jitendra Virwani transitions to Non-Executive Chairman. The board welcomes independent directors Mahua Acharya and Anupa Rajiv Sahney, bringing expertise in sustainability and corporate development.
The Economic Times ED focus on Amazon and Flipkart ties with sellers
ED is investigating alleged violations under the Foreign Exchange Management Act (Fema) that are ordinarily civil offences entailing monetary penalties. Earlier this month, the agency conducted nationwide searches at 19 sites related to large sellers on Amazon and Flipkart in New Delhi, Bengaluru and Hyderabad. While the sellers were covered in the first leg, the next one will be concentrated on the ecommerce giants, those in the know said. The issue dates from 2019, said a person linked to one of the companies.
The Economic Times India is a strategic market for Volkswagen: Skoda Exec
Volkswagen Group, eyeing India's growth potential, plans to expand its product portfolio with or without a local partner, says Piyush Arora, MD & CEO, Skoda Auto Volkswagen India. Despite exploring collaborations, the group remains committed to the Indian market and aims to achieve over 5% market share by leveraging local manufacturing for both domestic sales and exports to regions like South Asia and Africa.
The Economic Times New tower companies bank on Vodafone Idea, BSNL expansion
But they are up against two of the world’s largest tower companies – Indus Towers and Brookfield-backed Data Infrastructure Trust. In addition, they face challenges around erecting new towers in densely populated metros, right of way (RoW) issues and high associated costs, industry insiders said.
The Economic Times RBI plans 2025 launch of cloud services, countering dominance of global firms
The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank.
The Economic Times 94 pc of Indian firms using GenAI in at least 1 function, highest globally: Report
Most of the Indian enterprises (94 per cent) are now using generative AI (GenAI) in at least one function, the highest percentage globally across 19 countries surveyed, according to a report on Monday.
The Economic Times Sirius India Airlines looks to raise $100 million for expansion
Sirius India Airlines is looking to raise USD 100 million for fleet and service expansion. The company plans to have a fleet of 50 private jets by FY27 and expand to new markets, including the Far East, Southeast Asia, and East Africa.
The Economic Times Not only China, India & other emerging markets to also feel the pinch of stronger dollar: Mitul Kotecha
Mitul Kotecha, Head of Forex & EM Macro Strategy Asia at Barclays, cautions that the surging US dollar and yields are drawing capital away from other regions, including India and China. While China's stimulus measures have fallen short, the US's economic resilience and the prospect of tax cuts are attracting global investments, leaving emerging markets vulnerable to outflows.
The Economic Times ₹27000 crore Assam semiconductor plant to be game-changer in India’s chip ecosystem
Designed to cater to essential sectors such as automotive, electric vehicles, telecommunications, and consumer electronics, the project is set to become one of the country’s premier manufacturing sites. It aligns with the nation’s broader goal of establishing a self-sufficient semiconductor ecosystem.
The Economic Times Neon for semiconductor manufacturing: A strategic opportunity that India cannot afford to miss
The price of neon has gone up nearly nine times since 2022, when the conflict erupted in Ukraine. With neon production impacted in Ukraine, global demand far outstrips supply. Semiconductor manufacturers are trying to find reliable supply of this noble gas to keep their facilities in operation.
The Economic Times CBDT recovers Rs 35,500 crore in tax dues in H1, aims for Rs 1 lakh crore by year-end
CBDT has made significant progress in recovering tax dues, collecting Rs 35,500 crore in the first half of FY 2024-25, with plans to target Rs 1 lakh crore by year-end.
