The Economic Times
The Economic Times Electronics manufacturing sparks supply chain reaction from India Inc, collaborates with Govt for global integration
Major Indian industrial houses are collaborating with the government to join the global electronics supply chain. Inspired by Tata's success with Apple, these companies aim to produce components and materials for electronics manufacturing. This initiative seeks to boost India's electronics production to $500 billion by 2030, with Apple serving as a key partner for many new entrants.
The Economic Times Mufin Green Finance targets ₹500 crore in solar financing by 2026
The company recently completed its first solar financing transaction, worth ₹3.25 crore, enabling the installation of a rooftop solar unit at a manufacturing facility in Baroda, Gujarat, for a $3 billion company.
The Economic Times Mahindra Finance joins hands with Magma HDI to expand insurance reach
Mahindra Finance has partnered with Magma HDI General Insurance to offer customised motor and non-motor insurance solutions, enhancing customer experience, financial security, and insurance accessibility across India.
The Economic Times India cenbank-spurred drop in premiums not helping rupee's cause, analysts say
The Reserve Bank of India's intervention in the forward market by selling dollars has lowered rupee premiums. This tactic aims to defend the rupee without depleting reserves, but it also makes importing cheaper and discourages exporter hedging, potentially increasing dollar demand and further weakening the rupee.
The Economic Times Nomura expects RBI to cut rates by 100 bps this cycle
Nomura forecasts the RBI will cut rates by 100 bps from December 2024. This surpasses the anticipated 50 bps cut. They've reduced India's FY'25 GDP growth forecast to 6 percent. This is lower than the consensus estimate of 6.9 percent and RBI's 7.2 percent projection. Nomura cites slowing growth and easing inflation. The RBI has held rates steady at 6.
The Economic Times Sebi notifies rules on uniform standards for nomination facilities across securities markets
Sebi has introduced new rules allowing nominees to manage securities for incapacitated investors. Participants must now offer beneficial owners the option to nominate someone to receive their securities upon death. These rules aim to improve investor convenience and standardize nomination processes across the securities market. The amended regulations took effect on November 28.
The Economic Times SEBI investigating role of merchant banker of cancelled Trafiksol ITS Technologies' IPO
The Securities and Exchange Board of India (SEBI) has initiated an investigation into the role of Ekadrisht Capital Private Limited, the sole book-running lead manager (merchant banker) for the now-cancelled IPO of Trafiksol ITS Technologies Ltd.
The Economic Times StanChart sets $200 billion new wealth assets target, focuses on Chinese and Indian wealthy
Standard Chartered plans to expand its wealth management business, targeting $200 billion in new assets and double-digit income growth over five years. The bank will focus on wealthy Chinese and Indian clients with offshore or cross-border needs, capitalizing on potential business shifts due to anticipated U.S. trade policies.
The Economic Times Godrej Capital launches Generative AI to enhance insights-driven customer engagements
Godrej Capital is utilizing Generative AI (GenAI) to enhance customer service, analyze interactions, and manage credit risk. Key initiatives include AI-driven quality checks, real-time data analysis, and the upcoming launch of the SAKSHAM-AI/ML platform for improved decision-making and service efficiency. These innovations aim to provide personalized, efficient, and secure financial solutions in the evolving financial services landscape.
The Economic Times Public investments in infra surpass pre-Covid level: Finmin
Infrastructure investments by the Union and state governments and Central Public Sector Enterprises touched 5.87% of GDP in 2023-24, higher than 5.03% in the previous year and 5.76% in the pre-pandemic year of 2019-20, minister of state for finance Pankaj Chaudhary said in a written reply.
The Economic Times RBI’s December policy preview: On the horns of a dilemma
RBI’s current policy approach faces a dilemma between cutting rates to boost the economy or maintaining them to control inflation. While India's growth remains strong at 7.2% for FY23, recent GDP deceleration and inflation present challenges, necessitating a careful balancing act by the central bank.
The Economic Times DPIIT, Moglix forge partnership to accelerate manufacturing innovation in India
This collaboration aims to equip growth phase startups with tools, resources, and opportunities to accelerate their progress and drive innovation in the manufacturing sector.
The Economic Times India cenbank-spurred drop in premiums not helping rupee's cause, analysts say
INDIA-RUPEE/India cenbank-spurred drop in premiums not helping rupee's cause, analysts say
The Economic Times Affordable housing shortage to touch 31.2 mn units by 2030, potential mkt size Rs 67 trn: Report
India faces a projected 31.2 million-unit affordable housing shortage by 2030, creating a Rs 67 trillion market. This presents a Rs 45 trillion financing opportunity for financial institutions. Experts emphasize scaling operations and strategic marketing, suggesting using vacant public lands and offering tax incentives to address the demand concentrated in lower-income groups.
The Economic Times GST Compensation Cess: Experts call for Gradual phase-out, seek long-term tax reforms
Ahead of the 55th GST Council meeting on December 21, Punjab's Finance Minister has urged an extension of the GST Compensation Cess beyond March 2026. Experts are divided, with some arguing it ensures financial stability for states, while others warn of long-term fiscal and economic concerns.