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The Economic Times
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.
The Economic Times India's data centre industry set for massive growth with AI, 5G, and cloud adoption
India's data centre industry is set for substantial growth, fueled by AI, cloud adoption, and 5G. The sector is attracting significant investments, with projections of 66% capacity growth and $4 bn in investments by 2026. This surge is creating a hub for innovation and job opportunities across related industries.
The Economic Times Adani Group stocks extend losses, drop up to 11% after Kenya cancels deals following US charges
Adani Enterprises Share Price: Adani Group stocks continued to plummet following Kenyan President Ruto's cancellation of a major airport deal and accusations of a $265 million bribery scheme involving Adani executives and Indian officials. The allegations, which Adani denies, have sent shockwaves through the company, resulting in significant share drops across various Adani Group entities.
The Economic Times Insider tracking: Who are the two "co-conspirators" in the Adani probe?
A key question that emerges out of the 52-page indictment order against eight individuals including the Adanis, is who are the two unnamed “co-conspirators”, whose role is vividly described. Their identities as per a footnote in the court papers, are known only to the Grand Jury, and have never once been disclosed in the 5-count indictment.
The Economic Times India will be cautious in its opening up till it’s an emerging economy: Piyush Goyal
India's Commerce Minister Piyush Goyal announced the country's cautious approach to economic liberalization, citing the need to protect domestic industries and address concerns related to non-market economies. Goyal emphasized the importance of balancing openness with safeguarding India's interests as an emerging economy.
The Economic Times India focussed on developing content creators' economy: Ashwini Vaishnaw
India is focusing on its content creators to showcase its rich heritage and culture. The country's creative economy is now a USD 30 billion industry. It contributes nearly 2.5 percent of GDP and provides livelihood to eight percent of the workforce. More cities like Guwahati, Kochi and Indore are becoming creative epicenters.
The Economic Times CBI questions audit company employee in Bitcoin ponzi scam case
Mehta has been questioned since the afternoon in connection with the case. The officers quizzed him regarding the tapes and documents related to alleged investments in cryptocurrency.
The Economic Times CEA Nageswaran asks India Inc not to seek protective cover of weak currency
India's Chief Economic Advisor, V Anantha Nageswaran, cautioned Indian businesses against relying on a weak currency to boost exports. He emphasized that while a weaker currency can make exports cheaper, it shouldn't replace productivity and innovation. Nageswaran urged companies to focus on enhancing productivity, research, and development instead of depending on currency fluctuations for competitiveness.
The Economic Times NextGen CFOs: Redefining India Inc leadership
A galaxy of leading India Inc CFOs participated in the event to brainstorm on the changing role of CFOs and what it entails. Shivakumar, former India head of Nokia and PepsiCo and a management thinker said that 2025 priorities for CFOs are leading transformation efforts, improving finance function strategy and finance metrics, and optimising costs.
The Economic Times Indian MSMEs create about 10 crore jobs in 15 months
The total number of new jobs created by micro, small and medium enterprises (MSMEs) in the country has gone up by close to 10 crore in the last 15 months, official data recorded on the government's Udyam portal showed.
The Economic Times India's consumer durable makers to log 11-12 pc growth in FY25
Revenue of consumer durable manufacturers in India is projected to rise 11-12 per cent this fiscal (FY25), continuing the healthy run after a strong 13 per cent growth last fiscal, according to a report on Thursday.
The Economic Times Warburg-backed Micro Life eyes $150 mn in pre-IPO round; eyes $5 bn valuation
Micro Life Sciences, India's largest medical devices group, is seeking to raise $150 million by selling a small stake, aiming for a $5 billion valuation. Backed by Warburg Pincus, the company plans to use the funds for expansion, including new manufacturing facilities and product launches.
The Economic Times Regulations prompt CFOs to boost cyber investments, majority to spike cybersecurity budget
Indian businesses are prioritizing cybersecurity investments, driven by regulations and the increasing threat landscape. Cloud-related threats are a major concern, while generative AI is emerging as a key investment area. Despite these efforts, data breaches remain costly, highlighting the need for continued vigilance.
The Economic Times Practus Enables Companies to maximise Enterprise Valuation through dynamic Cash Flow Allocation
Practus assists businesses in boosting their value through effective cash flow management. The company emphasizes the importance of strategic cash allocation for growth and improved enterprise value. Practus has a proven track record of helping businesses across various sectors optimize their cash flow and achieve significant financial improvements.
