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The Economic Times
The Economic Times Sebi investigating whether Adani Group flouted disclosure rules: Report
India's market regulator, SEBI, is investigating Adani Green Energy Ltd. for potential disclosure violations regarding a US Justice Department bribery probe. The investigation centers on whether Adani Green adequately informed investors about the investigation and its scope, particularly the involvement of individuals linked to the Adani Group.
The Economic Times FICCI names Harsha Vardhan Agarwal as President
Harsha Vardhan Agarwal, Vice Chairman and Managing Director of Emami Group, has been appointed President of Federation of Indian Chambers of Commerce and Industry. The Federation has also announced new leadership under RPG Group's Anant Goenka and Vijay Sankar of The Sanmar Group.
The Economic Times Adani's troubles: Global banks weigh halting fresh credit to Adani after U.S. indictment
Global banks are reassessing their lending to India's Adani Group. This follows fraud charges against its founder, Gautam Adani, by US prosecutors. Banks may pause new loans but retain existing ones. The situation is being closely monitored for its impact on the group's finances and fundraising plans. The Indian government's response is also being watched closely by these international banks.
The Economic Times We’re 100% compliant with FDI regulations; aim to be majority India-owned: Zepto’s Aadit Palicha
Monthly cash burn expected to have topped $35 million, but Zepto's Palicha says company is multiplying on the scale of billions of dollars. Zepto plans an IPO on Indian exchanges, distancing itself from foreign-backed firms. The startup's rapid growth, fueled by $1.4 billion in recent funding, positions it as a key player in India’s $616 billion grocery market, competing with Blinkit and Swiggy Instamart.
The Economic Times IIT Bombay's incubator plans to launch Rs 100 crore venture capital fund
IIT Bombay's incubator, SINE, is launching a Rs 100 crore venture capital fund to support deep tech startups crucial for India's growth. This initiative aims to nurture 1,000 startups in the next decade. SINE, celebrating its 20th anniversary, has already supported 245 startups that have collectively raised $942 million.
The Economic Times Emami MD Harsha Vardhan Agarwal takes over as Ficci chief
Harsha Vardhan Agarwal, Vice Chairman & Managing Director of Emami Limited, assumed the role of president at FICCI for 2024-25, succeeding Anish Shah. Anant Goenka stepped up as Senior Vice President, while Vijay Sankar joined the leadership as Vice President.
The Economic Times Robust services drive India's business activity to 3-month high in Nov, cost pressures grow
India's business activity surged in November, hitting a three-month high thanks to a booming services sector and record job creation. Despite this positive trend, inflation has reached a near 12-year peak, driven by rising input costs across industries. While businesses remain optimistic, the soaring inflation may prompt the Reserve Bank of India to maintain its cautious stance on interest rates.
The Economic Times JSW to set up wind turbine blade manufacturing unit in Karnataka
JSW Energy plans to establish a wind turbine blade manufacturing facility in Karnataka. The plant will cater to the company's internal needs. JSW Energy aims to reduce reliance on imports and ensure a steady supply of wind turbine generators. The company has secured a technology licensing agreement with China's Sany Renewable Energy.
The Economic Times IISc product accelerator programme to make India global manufacturing hub
A new India-wide product accelerator program, 'Pravriddhi,' was launched at the Indian Institute of Science (IISc) in Bengaluru. The program aims to foster innovation and drive new product development for a self-reliant India by connecting businesses, academics, research institutions, and investors.
The Economic Times PLI schemes, ₹1 lakh crore innovation fund to boost manufacturing, EV growth
Kamran Rizvi, Secretary, Ministry of Heavy Industries, said that the shift towards electrification is reshaping industries, with the ministry focusing on cost-effective manufacturing and domestic value addition. “India’s robust industrial base positions it for sustainable growth,” Rizvi said, emphasizing the growing role of electric vehicles (EVs) in the economy.
The Economic Times Balaji Telefilms promotes CFO Sanjay Dwivedi as Group CEO
Sanjay Dwivedi possesses about 30 years of experience spanning Media & Entertainment and FMCG sectors. He joined Balaji group in January 2013, serving for more than 10 years as the Chief Financial Officer of Balaji Telefilms Limited.
The Economic Times Raise quality standards, work with govt to cut compliance burden: Piyush Goyal to industry
India is focused on becoming a provider of quality goods. The government encourages industries to participate in raising quality standards. There is a call for industries to work with the government to reduce compliance burdens. The government plans to facilitate industrial parks in smaller cities. India is attracting foreign direct investment and promoting deep tech startups.
The Economic Times Azure Power: Who are the key people now in the company central to $250 mn 'bribery' case against Adani
Indian billionaire Gautam Adani and associates have been indicted by US prosecutors for an alleged $265 million bribery scheme. They are accused of bribing Indian officials to secure business advantages and misleading US investors. The Adani Group denies the allegations and plans to pursue legal action.
The Economic Times Vaishnaw invites German companies to invest in India
India's Union Minister Ashwini Vaishnaw encouraged German companies to invest in India at the TV9 Global Summit in Stuttgart. He highlighted India's steady economic growth, vast talent pool, and political and economic stability as attractive factors for investment. Vaishnaw emphasized India's commitment to simplifying legal and compliance structures, making it easier for businesses to operate.
The Economic Times DPIIT gives nod to Hinduja Group firm IIHL for acquisition of Reliance Capital
The Department for Promotion of Industry and Internal Trade (DPIIT) has approved the Hinduja Group's acquisition of the debt-laden Reliance Capital Ltd (RCAP). The approval paves the way for the Mauritius-based IIHL to proceed with its Rs 9,861-crore resolution plan, which was approved by the National Company Law Tribunal (NCLT) Mumbai on February 27, 2024.
