The Economic Times
The Economic Times TCIL may offload 5-10% stake in Bharti Hexacom
He added that discussions will start soon to finalise the timing, the stake sale quantum and the minimum price (floor price) in keeping with Sebi rules. Both the Department of Telecommunications (DoT) and the finance ministry will be involved in the exercise.
The Economic Times Centre detects Rs 722 cr GST evasion from Binance, recovered Rs 122 cr from other crypto exchanges
GST authorities have booked tax evasion cases against 17 cryptocurrency exchanges, amounting to Rs 824.14 crore. This includes Rs 722.43 crore against Nest Services Ltd, a Binance Group Company. Rs 122.29 crore has been recovered as penalty, interest, and taxes. Central GST formations detected and recovered evasion from several other exchanges and virtual digital assets investors.
The Economic Times GoM may seek extension to conclude discussions and submit findings on compensation cess
A Group of Ministers (GoM) may seek a three-month extension to conclude discussions on the future of the GST compensation cess beyond March 31, 2026. The GoM, which includes members from ten states, has various unresolved issues including the handling of surplus cess.
The Economic Times 'Say no to Gautam Singhania as Raymond Lifestyle chairman'
Two advisory firms, SES and IiAS, recommend shareholders vote against Gautam Singhania's appointment as Raymond Lifestyle executive chairperson, citing concerns over his prior appointment approval, remuneration policies, and potential reputational risks. Singhania's multiple roles, open-ended remuneration, and ongoing personal legal issues are key factors for their recommendation.
The Economic Times Policyholders to gain from GST rate cut: FM Nirmala Sitharaman
The ministerial panel led by Bihar deputy CM Samrat Chaudhary has discussed a proposal to do away with GST on term life insurance, while also removing the indirect tax on health insurance covers up to Rs 5 lakh and those purchased by senior citizens.
The Economic Times Second half GDP number expected to be much better: DEA secretary
Economic Affairs Secretary Ajay Seth expressed optimism about India's GDP growth, despite second quarter figures being lower than potential at 5.4%. He predicts improvement in the second half, supported by high-frequency indicators from October. India's economic growth was hindered by weak performance in manufacturing and mining sectors, and weak consumption.
The Economic Times Sebi attaches Rel Big's bank, demat accounts
In Aug, Sebi had imposed a total fine of about Rs 625 crore on 26 entities, including Reliance ADA group chairman Anil Ambani, for their role in fund diversion by Reliance Home Finance, another ADAG entity. Reliance Big Entertainment (now Rbep Entertainment) was one of the entities that was fined Rs 25 crore.
The Economic Times Adani entities apply for settlement in response to Sebi show cause notice
Entities linked to Adani Group have sought a settlement with Sebi over alleged public shareholding norm violations. They filed settlement applications following a show cause notice from Sebi. These actions involve key figures, including Vinod Adani, and four listed companies: Adani Enterprises, Adani Power, Adani Ports, and Adani Energy Solutions. Sebi's investigation dates back to 2020.
The Economic Times India ranks sixth globally with 127 companies committed to net-zero targets: ICRA ESG
Despite contributing approximately 7% of global emissions, India's corporate commitments reflect a growing awareness, though high-emission sectors like power, energy, and cement lag significantly in adopting such goals.
The Economic Times Windfall profit tax on domestic crude oil scrapped
Minister of State for Finance Pankaj Chaudhary tabled a notification in Rajya Sabha scrapping the levy on crude oil produced by firms like state-owned Oil and Natural Gas Corporation (ONGC) and exports of fuels done by companies like Reliance Industries Ltd.
The Economic Times Carraro India gets SEBI nod for its Rs 1,812 crore IPO
The company filed its IPO papers on August 23, 2024, and plans to list its shares on both the BSE and NSE. The IPO comprises shares with a face value of Rs 10 each. Carraro India primarily serves the agricultural and construction equipment sectors.
The Economic Times Competition from new entrants biggest risk for market leaders
Businesses are seeing increased competition from new entrants in various sectors. DMart, Asian Paints, and Pepsi face challenges from new competitors. Investors may suffer in the short term, but customers benefit from price wars. Healthcare competition may not reduce costs despite high medical inflation. Companies are trying new strategies to retain market share.
The Economic Times GST on cigarettes, tobacco, aerated beverages may be hiked to 35 pc; GST Council decision on Dec 21
The Group of Ministers on GST rate rationalisation decided to increase tax on aerated beverages, cigarettes, and tobacco products to 35% from 28%. Changes to GST rates on apparel and other items are also proposed. The report is set to be discussed by the GST Council on December 21 for final decisions on these changes.
The Economic Times ICRA expects sequential revenue growth for India Inc in Q3
On balance, ICRA said it expects the operating profit margin (OPM) for India Inc to improve in the coming quarters.
The Economic Times Infinx appoints Ninad Chavda as new CFO
Infinx has appointed Ninad Chavda as its new Chief Financial Officer, bringing over 25 years of expertise in financial management, mergers, and acquisitions to strengthen the company's global operations.