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The Economic Times
The Economic Times Beta Drugs Limited raises INR 117 cr from HealthQuad, Inti Capital and others to accelerate growth plans
Beta Drugs Limited raises INR 117 crore from HealthQuad, Inti Capital, and others through a preferential allotment of convertible debentures and equity shares. This investment will aid Beta Drugs in accelerating its growth plans and expanding its footprint globally, with a goal to be among India's top five oncology companies.
The Economic Times India’s manufacturing PMI declines to 56.5 in November
India's manufacturing sector growth slowed in November as the Manufacturing Purchasing Managers' Index (PMI) dropped to 56.5 from October’s 57.5. Rising input costs pushed output prices to an 11-year high.
The Economic Times JSW set to launch its own EV brand to 'Make in India'
Months after forming a $1.5 billion joint venture with China's SAIC Motor for electric vehicles, JSW Group plans to launch its own EV brand. JSW Chairperson Sajjan Jindal emphasized producing and selling in India. A new EV plant in Aurangabad will create 5,200 jobs. This move positions JSW against major competitors like Tata Motors and Mahindra.
The Economic Times Saint-Gobain mirrors global mood, says India business will grow 3-fold in 10 years
Saint-Gobain, a France-headquartered sustainable construction major, targets three-fold growth in India, aiming for a turnover increase from ₹14,200 crore to nearly ₹50,000 crore by 2035. The company plans to leverage local manufacturing, diverse leadership, and extensive operations in glass, gypsum, abrasives, and construction chemicals to drive growth, a senior company executive told The Economic Times.
The Economic Times Ambuja Cements partners with Coolbrook for cement manufacturing with zero-carbon heating technology
This cutting-edge, zero-carbon heating solution, powered by renewable electricity, will drastically reduce the company's dependence on fossil fuels and lower its carbon emissions, aligning with its sustainability vision.
The Economic Times Big hotel brands see room for growth in manufacturing hubs
Mid- and upscale hotels are being developed in India's manufacturing hubs to meet the needs of business travellers. Brands such as Marriott, Hyatt, and Ginger are setting up properties in industrial areas. This trend reflects the growing demand for quality accommodation near manufacturing sites as India's industrial sectors continue to expand.
The Economic Times UPI Digital Payments: Over 16.5 billion transactions worth ₹23.49 lakh crore processed in Oct '24
As UPI continues to expand globally, it is setting new standards for digital payments, empowering citizens, enhancing economic opportunities, and contributing to India's increasing influence in the global financial arena.
The Economic Times India factory growth softened in November on high inflationary pressures, PMI shows
India's factory growth slows in November while maintaining strong momentum, amid eased demand due to rising price pressures. PMI falls to 56.5 from 57.5 in October, still above the 50-mark. International demand rises, boosting business outlook, while there's a rise in Inflationary pressures, impacting input and output prices.
The Economic Times PM Internship scheme: Firms willing to top up stipend fixed by govt for pay parity
Large companies like Reliance Industries, Tata Consultancy Services, and Maruti Suzuki will top up the government stipend for interns under the PM Internship scheme. The scheme aims to provide internships to young Indians and enhance employability. The portal was launched in October, and the scheme will expand in the coming fiscal years to include more applicants.
The Economic Times IPO rush keeps FPIs busy in primary market in November, outflow continues in secondary market
In November 2024, Foreign Portfolio Investors (FPIs) invested significantly in India's primary market through IPOs, while selling in the secondary market slowed down compared to October. FPIs' strong primary market engagement results from a surge in IPO activity, with 79 mainboard IPOs raising nearly Rs 1.4 lakh crore so far in 2024.
The Economic Times Rate cut is unlikely but RBI may signal it's ready to act
The Reserve Bank of India's Monetary Policy Committee is expected to focus on faltering economic growth rather than inflation during its December 4-6 meeting. Despite calls for lower interest rates, the RBI's commitment to controlling inflation and promoting financial stability may prevent a rate cut, even as growth targets face challenges.
The Economic Times Futures positions in RIL touch 18-year high; 'Any upmove could be sharp'
Outstanding positions in Reliance Industries' futures contracts hit an 18-year high as traders bet against the stock amid recent weakness. Analysts suggest the stock is oversold and a change in sentiment could lead to a short-covering rally. Brokerage recommendations indicate a potential for upside.
The Economic Times Jitendra Singh urges stronger startup-industry ties to drive India's sustainable economic growth
Union Minister of State (Independent Charge) Dr Jitendra Singh on Sunday called for strong startup and industry linkage as the key to India's sustainable economic growth, the Ministry of Science and Technology said in a release. .
The Economic Times India's path for a developed nation status by 2047 is inevitable: V-P Dhankhar
Given our demographic dividend, natural resources, talent pool and supportive policies, India's path to a developed nation status by 2047 is inevitable, Vice-President Jagdeep Dhankhar said on Sunday.
The Economic Times Battling the social bulls: Internet firms fear overregulation by Sebi
Sebi has proposed regulation of Internet firms to check the spread of misinformation about financial products on social media platforms. Companies, fearing overregulation, are seeing red. In the draft proposal, Sebi also said that social media and other internet platforms should, “to the satisfaction” of the market regulator, have the policy to share securities market-related information and data with it whenever it is sought.
