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The Economic Times
The Economic Times AI investment in APAC to reach $117 billion, skill gap a hurdle: Deloitte
Artificial Intelligence (AI) investment in the Asia Pacific region is set to surge fivefold to USD 117 billion by 2030, according to Deloitte’s AI at a Crossroads report.
The Economic Times Banking Laws (Amendment) Bill 2024: Auditors see higher remuneration but flag independence, quality risks
The Banking Laws (Amendment) Bill 2024, passed in the Lok Sabha, grants banks control over auditor remuneration, with experts predicting greater flexibility and higher remuneration to auditors, but raising concerns about audit quality, independence, and potential conflicts of interest.
The Economic Times TARC shares crash 10% after Sebi orders forensic audit of results
The Securities and Exchange Board of India (SEBI) has ordered a forensic audit of the company’s financial statements for the financial years 2021 to 2023. The company announced this development in an exchange filing on Tuesday.
The Economic Times Sebi mulls service platform for tracking inactive, unclaimed mutual fund folios
India's market regulator, Sebi, proposed a new platform, MITR, to help investors find inactive or unclaimed mutual fund holdings. Developed by Registrar and Transfer Agents, it aims to update KYC details, prevent fraud, and increase transparency within the financial ecosystem. The platform will be hosted by CAMS and KFin Technologies and accessible via relevant websites.
The Economic Times Sebi developing LLM to cut approval times further: Narayan
India's capital markets regulator, Sebi, is developing its own large language model (LLM) to expedite approvals for new funds and schemes. This AI-powered tool aims to drastically reduce processing times, currently under three months, to less than a month, making the process more efficient and scientific. Training is underway, with anticipated improvements expected soon.
The Economic Times India's long-term growth story intact, equities to stay buoyant next year: Report
The structural long-term growth story for India remains intact driven by favourable demographics and stable governance, and Indian equities are likely to stay buoyant next year, a report showed on Tuesday.
The Economic Times Indian finance minister says Q2 growth slowdown a 'blip', higher growth coming
India's Finance Minister Nirmala Sitharaman addressed the recent economic slowdown, characterizing the 5.4% growth in July-September as a "temporary blip." She expressed confidence in healthy growth in the coming quarters, acknowledging global economic challenges during the period. Sitharaman also affirmed the government's commitment to curbing food inflation, which has recently eased.
The Economic Times Food delivery economy crucial as it generates large-scale employment: Nitin Gadkari
Union Minister Nitin Gadkari highlighted the food delivery sector's significant role in generating employment, projecting a rise in delivery workers from 7.7 million to 25 million by 2030. He also expressed concern over road accidents, urging for better training and safety measures, particularly for two-wheeler riders, citing the high number of fatalities.
The Economic Times National Infrastructure Readiness Index has helped in infrastructure development: FinMin
Highlighting the achievements of the National Infrastructure Readiness Index (NIRI), the Finance Ministry on Tuesday stated that it has paved the way for infrastructure development.
The Economic Times India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi
India's renewable energy capacity additions nearly doubled to 15 GW between April and November of this fiscal year, driven by a commitment to 500 GW of non-fossil fuel capacity by 2030. The government is actively promoting domestic manufacturing and solar rooftop installations, with significant investments and incentives for green hydrogen production.
The Economic Times Orient Electric Appoints Arvind Vats as CFO
Vats will take over as CFO of Orient Electric on January 1, 2025, following the retirement of the company’s current CFO, Saibal Sengupta, who concludes his distinguished tenure on December 31, 2024.
The Economic Times Sensex slumps over 1,000 pts, Nifty below 24,400; 5 key factors behind today’s selloff
Stock Market Crash Today: Indian stock markets opened lower on Tuesday, with Sensex and Nifty50 down due to declines in major stocks like Reliance and Infosys. Investors awaited the US Federal Reserve's meeting for rate cut signals. While some stocks like Tata Motors and Adani Ports gained, Nifty IT remained flat. Indus Towers and GMR Airports saw gains after positive news.
The Economic Times M&M amazed the world by becoming the World's 11th largest automaker: Anand Mahindra
When India started as an independent automaker, the world believed that there was very little chance of survival, says Mahindra Group Chairman Anand Mahindra on Tuesday.
The Economic Times Hydrogen demand to hit 20 million tonnes by 2030, needs ₹8-10 trillion investment: Report
This includes ₹1.6 trillion for electrolyser capacity, ₹4.2 trillion for green molecule production facilities, and ₹4.5 trillion for renewable energy infrastructure.
The Economic Times Post-sunset clause era: How co-working spaces can benefit from denotified SEZs
The denotification of SEZs marks a pivotal moment for co-working providers. With access to prime real estate, lower compliance costs, and strategic locations, co-working spaces can now expand into high-demand urban centers, offering flexible workspaces that cater to the needs of startups, SMEs, and established enterprises alike.
