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The Economic Times
The Economic Times Gillette-razor maker P&G sourcing more steel from India
Procter & Gamble has overhauled its supply chain for the tiny, extra-thin strips of stainless steel in its Gillette razors to source from India, a move expected to help protect its margins from any tariffs U.S. President-Elect Donald Trump may impose. The stainless steel the Gillette-brand razor maker uses is highly specialized to prevent nicks and cuts and is only produced in large quantities by a handful of companies, none of which are located in the US, the company said.
The Economic Times RBI sees inflation moderating to 4% by Q2 of next fiscal
Heightened geo-political uncertainties and financial market volatility add further upside risks to inflation, its Monetary Policy Committee said.
The Economic Times Demand for affordable small vehicles in India will recover in 2025: Report
The demand for the affordable small vehicles in India is expected to witness a recovery in 2025; however, the major markets such as the US and Japan are still struggling to meet the demand, stated Nomura in its report.
The Economic Times Credit line on UPI: Now you can get it from small finance banks too
Credit line on UPI was launched in September 2023 and was made available to scheduled commercial banks, it has now been decided to permit small finance banks to sanction credit line on UPI, the RBI stated.
The Economic Times RBI Monetary Policy Committee keeps repo rate unchanged at 6.5%
RBI Governor Shaktikanta Das headed a six-member Monetary Policy Committee (MPC) for a three-day meeting that began on December 4. The MPC has decided to keep the repo rate unchanged for the eleventh consecutive meeting.
The Economic Times Trump appoints former PayPal COO David Sacks as AI and crypto czar
The crypto czar and other officials in Trump's incoming administration such as the chairs of the Securities and Exchange Commission and Commodity Futures Trading Commission are expected to reshape U.S. policy on digital currency along with a newly created crypto advisory council.
The Economic Times Nykaa Fashion CEO Nihir Parikh quits with immediate effect
"Nihir Parikh has resigned effective December 5, 2024, on account of personal commitments. He has been relieved from the services w.e.f. (with effect from) close of business hours of December 5, 2024," FSN E-commerce Ventures said in the filing.
The Economic Times Sebi asks merchant bankers to upload IPO documents on exchange's repository platform
Markets regulator Sebi on Thursday asked merchant bankers to upload and maintain due diligence documents related to public issues on the repository platform maintained by stock exchanges. The uploaded documents can be accessed by the relevant merchant banker using individual login credentials.
The Economic Times Finance minister to begin pre-Budget consultation from Friday
Sitharaman, who will chair these meetings, will seek their inputs regarding upcoming Budget amid seven-quarter low GDP print of 5.4 per cent in second quarter of the current financial year.
The Economic Times Govt open to idea of alternate financing model for MSME: Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced that the government is open to exploring alternative financing models to support micro, small, and medium enterprises (MSMEs) and may allocate specific areas for them in industrial townships. He urged the industry to provide detailed feedback on challenges they face in accessing bank credit, especially regarding collateral and interest rates.
The Economic Times ICAI steps up disciplinary actions against errant chartered accountants
The Institute of Chartered Accountants of India (ICAI) has ramped up disciplinary actions against its members, with over 200 hearings conducted in recent months. Penalties have included membership cancellations. Over 1,000 chartered accountants have been found guilty of misconduct since 2007. Despite increased activity, the ICAI still faces criticism for past disciplinary shortcomings.
The Economic Times India Inc mostly keeps corruption, bribery cases behind closed doors
Indian companies rarely report bribery cases, despite anti-corruption policies. Public sector companies disclose more incidents due to higher scrutiny. This is because they handle public funds and large contracts. Private companies prefer internal handling of such issues. Unlike the US and UK, India lacks incentives for self-reporting corruption.
The Economic Times Aditya Birla Fashion gets GST demand of Rs 2.45 crore
Aditya Birla Fashion and Retail reported a GST demand of Rs 2.45 crore, comprising tax, interest, and penalty amounts. The company stated that this demand will not affect its financials or operations and considers it maintainable. They are currently assessing potential actions to contest the order, as disclosed in an exchange filing.
The Economic Times Can RBI's Arjuna shot save the rupee?
Incidentally, the rupee has been sliding without any break. To compound matters, gold reserves are also falling. This made the RBI take a bold decision. It took Arjuna’s shot on the US dollar to save the falling rupee. The RBI sold more than $47 billion in the forex market within the last two months. This is the first time the central bank used such big gunpowder.
The Economic Times Mastek's Global CFO Arun Agarwal resigns
Mastek, in an exchange filing, announced the resignation of its Global CFO, Arun Agarwal, who will assist during the transition as the company begins its search for a successor.
