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The Economic Times
The Economic Times ICAI Elections 2024: Veteran chartered accountants call for tech-driven voting, term limits, youth diversity, and canvassing ban
Experts including Ashok Haldia, Amarjit Chopra, and Shiva Kumar highlight the urgent need for modernisation, elimination of undue influence, and the promotion of diversity and merit. Here is what they had to say:
The Economic Times India's industrial & logistics construction to exceed 60 million square feet: Report
India's rapid urbanisation, robust infrastructure development, and economic growth have collectively driven significant demand, boosting construction activity in the industrial and logistics sector and supply, which is projected to surpass 60 million square feet annually over the next 3-4 years, a report said on Tuesday.
The Economic Times Japanese firms keen to set up semiconductor units in India: Deloitte
Japanese firms are eager to establish semiconductor units in India, bringing expertise and specialization. India aims to have 10 semiconductor plants in 10 years. Successful partnerships between Indian and Japanese firms, along with government support, are essential for the sector's growth and resilience of the global supply chain.
The Economic Times India's GDP growth aim for FY25 further slashed to 6.3% by Morgan Stanley
Morgan Stanley has reduced India's GDP growth estimate to 6.3% for this fiscal year. The slowdown was observed in the July-September quarter with GDP growth at 5.4%. However, recovery is anticipated in the second half of FY25, driven by government spending and improvements in rural demand. The Reserve Bank of India is expected to keep interest rates unchanged.
The Economic Times Bumble’s CFO Anu Subramanium to step down in March
Bumble CFO, Anu Subramanium has decided to step down from her position to explore new opportunities. Her departure follows a period of significant restructuring within the company earlier this year.
The Economic Times Aayush Wellness shares on FII radar after delivering 5,280 Per cent returns in a year
New Delhi [India], Mauritius-based global investment firm, Nexpact Limited, has acquired a stake in leading health-focused consumer products company, Aayush Wellness Limited (BSE: 539528), which has delivered multi-bagger returns to investors over the past year.
The Economic Times Speculation over RBI chief Shaktikanta Das' future heats up after GDP miss
Economists are speculating over the future of Das in the wake of data showing the South Asian economy expanded 5.4% from July to September, a seven-quarter low and far below the Reserve Bank of India’s 7% projection.
The Economic Times Rupee emerges as one of Asia's best-performing currencies
Despite geopolitical tensions in the Middle East and a strong USD, the Indian Rupee remains one of the best-performing Asian currencies. Finance Minister Pankaj Chaudhary attributes this resilience to India's robust economic fundamentals. Global events and market factors continue to influence the INR-USD exchange rate.
The Economic Times Smartworks receives SEBI approval for IPO
Smartworks, a flexible workspace provider, has received SEBI approval for its IPO. The company operates in 13 cities in India and has expanded to Singapore. Keppel Ltd. is a major investor in Smartworks, having invested $29 million.
The Economic Times Aramco acquires 10% stake in Horse Powertrain to advance low-emission mobility solutions
Renault Group and Geely each retain 45% ownership of Horse Powertrain. Aramco's involvement seeks to leverage its research and development expertise and explore innovative approaches to reduce transport emissions, including alternative fuels and efficient engine technologies.
The Economic Times Pricol expands footprint with acquisition of Sundaram Auto Components' injection moulding business
Pricol Limited is buying Sundaram Auto Components Limited's injection moulding business for INR 215.3 crore. The acquisition is expected to add around INR 730 crore to Pricol's revenue. Pricol plans to strengthen its position in the automotive sector by leveraging SACL's expertise. The deal will help Pricol expand its customer base and diversify its product offerings.
The Economic Times SFIO conducts search operations at three companies engaged in manufacturing of EVs
The Serious Fraud Investigation Office (SFIO) on Monday conducted search operations at three companies engaged in manufacturing of electric vehicles namely Hero Electric Vehicles Private Limited, Benling India Energy and Technology Private Limited and Okinawa Autotech Internationall Private Limited.
The Economic Times Govt detects Rs 824 cr GST evasion by crypto firms: MOS Finance
The government has detected a staggering Rs 824 crore GST evasion by cryptocurrency firms, including Binance-linked Nest Services, which is accused of evading Rs 722.43 crore, Minister of State for Finance revealed.
The Economic Times PLI scheme: Fueling innovation, entrepreneurship to transform India into a global manufacturing hub
Even industry experts are dubbing the current period as India's "prime era" of industrial growth, fueled by a remarkable surge in the sector. Currently holding a 2.7 per cent share in global manufacturing, the nation recognises the need for strategic momentum to expand its footprint.
The Economic Times Nvidia among investors in $700 million capital raise by AI firm Nebius Group
Nebius was founded by Arkady Volozh, former founder and CEO of Yandex. Volozh said the $700 million financing would give Nebius additional firepower to build clusters of graphics processing units (GPUs), cloud platforms and other tools for AI developers faster and on a larger scale.
