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The Economic Times
The Economic Times India's spice exports projected to reach $10 billion by 2030
The domestic spice exports market is likely to reach $10 billion by 2030, entering newer geographies, according to Ramkumar Menon, chairman of the World Spice Organisation (WSO).
The Economic Times Unilateral trade measures in name of climate action 'discriminatory, harm global cooperation': India
Other groups of developing countries, including the G77, the largest bloc representing over 130 nations at the UN climate talks, and Like-Minded Developing Countries also registered their strong opposition on the issue.
The Economic Times India Inc fares well in Sept quarter, minus oil & gas
Indian companies, excluding oil and gas, reported solid double-digit profit growth for the seventh consecutive quarter, although the pace of expansion slowed. While banks and finance companies performed well, overall earnings were subdued due to a higher base effect and rising interest costs.
The Economic Times India's forex reserves fall to $675.65 billion, down $6.4 billion as of Nov 8
India's foreign exchange reserves experienced a decrease of $6.4 billion, settling at $675.65 billion by November 8th. The decline was primarily attributed to a drop in Foreign Currency Assets, while gold reserves saw an increase. Despite this dip, India maintains its position as the fourth largest holder of foreign exchange reserves globally.
The Economic Times India's economy to grow 7.2% in 2024: Moody's
Moody's said India's economy is growing robustly and has the potential to sustain high growth rates as strong private sector financial health reinforces a virtuous economic cycle.
The Economic Times Canara Bank labels RCom loan accounts as 'fraud'
Canara Bank claims that reasons for classifying the accounts as fraud were non-utilization of funds as per sanctioned terms and inter-company transactions to pay other debts. “Loans availed were also invested in mutual funds and fixed assets and the same were liquidated to make payments to related and non-related parties,” the bank said.
The Economic Times GST taxpayers can't claim pending input tax credit if GSTR 3B is not filed by this date for FY 2023-24
Goods and services tax (GST): Registered taxpayers won't be able to claim any pending input tax credit if they don't file their GST return by November 30, 2024 for FY 2024-25. CBIC said, "The taxpayer is allowed to claim pending ITC , upto earlier of following dates i.e. a) 30th Nov following the end of the Financial Year, or d) furnishing of annual return. Accordingly, pending ITC pertaining to FY 2023-24 can only be claimed up to November 30, 2024, i.e. filing of October 2024 GSTR-3B," says Divya Bhushan, Tax partner, EY India.
The Economic Times Disney incurs $1.5-b impairment charge on Star India deal in FY24
Walt Disney reported a $1.5 billion impairment charge related to its Star India transaction, reflecting a fair value adjustment. The charge includes $800 million in cumulative foreign currency translation losses. Disney completed the merger of Star India with Reliance Industries' Viacom18, creating JioStar, on November 14.
The Economic Times Buoyed by house majority, Lankan President to seek Indian support to boost economy
Anura Kumara Dissanayake's party secured a majority in the Sri Lankan Parliament, bolstering his reform agenda for economic revival and stronger ties with India. Dissanayake met with the Indian envoy, reaffirming their commitment to strengthening bilateral ties. India's support is seen as crucial for Sri Lanka's economic recovery.
The Economic Times IBC recovery on companies' fair values up, claims down
The recovery rate for creditors of bankrupt firms in India saw an uptick in the September quarter, reaching nearly 97% of the companies' fair value. However, this still translated to a lower recovery against the total claims filed by creditors, which stood at 28.33%.
The Economic Times Why MNCs are making a beeline for Hyderabad
Hyderabad's office market is seeing a surge in demand, driven by major tech companies establishing large campuses in the city. Key areas like Hitech City are witnessing significant growth, attracting global giants like Google and Microsoft. This influx is fostering a collaborative ecosystem, further solidifying Hyderabad's position as a prominent tech hub in India.
The Economic Times From gen X to Z, companies perk up all with bespoke benefits
Indian companies, including HUL and Diageo, are adopting flexible benefits programs to cater to the diverse needs of their multigenerational workforce. These programs allow employees to customize their benefits packages by choosing from a range of options such as health insurance, wellness programs, and financial counselling, leading to increased employee satisfaction and retention.
The Economic Times Vodafone Idea's turnaround at risk after plan to raise Rs 25,000 crore debt hits a snag
On Thursday, Vi's CEO Akshaya Moondra said banks now want clarity from the government on any potential relief on the company's substantial AGR dues as well as prospects of a waiver of bank guarantees (BGs), before lending.
The Economic Times US Election Impact on the Indian Economy: Key Considerations and Potential Outcomes
The US, being the world’s largest economy, plays a crucial role in shaping global market sentiment, with India maintaining strong economic ties in this context. The Indian government now faces the task of evaluating how the election result will impact trade negotiations, existing agreements, and opportunities for new deals.
The Economic Times India Inc GenAI adoption gains momentum, moves beyond experimentation: Report
Two-thirds of Indian C-suite executives expect GenAI to improve competitiveness, accelerate innovation, enhance compliance, bolster security, and drive revenue growth within the next two years, finds a NTT Data survey.
