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The Economic Times
The Economic Times Perplexity AI looks to expand in India, seeks new talent for strategic growth
Perplexity AI, led by IIT Madras graduate Aravind Srinivas, is seeking to expand in India. The company recently secured $500 million in funding. The role involves travel and meeting with strategic partners in a fast-paced startup environment. Srinivas, previously at OpenAI, stands at the center of the debate on skilled immigrants' contributions to the US.
The Economic Times Small small but premium: FMCG bets on ‘access packs’ to boost demand
Companies like Hindustan Unilever, Britannia, ITC, and Colgate Palmolive are introducing smaller, lower-priced packs of premium products to boost demand in urban markets. This strategy aims to attract price-sensitive consumers and increase accessibility amid weak urban demand. Smaller packs are helping drive trial, push impulse purchases, and prevent customers from switching to lower-priced local brands.
The Economic Times India's economy expected to be 'little weaker' in 2025, says IMF chief
Kristalina Georgieva, IMF managing director, predicts India's economy will be slightly weaker in 2025 due to global uncertainties, including US trade policies. While the US performs better, the EU stalls, and China faces deflationary pressures, India's GDP growth in 2024-25 is expected to slow to 6.4% amid manufacturing moderation, sluggish investment, and geopolitical tensions.
The Economic Times With lower hikes, MNCs in India to start 2025 on cautious note
Multinational companies in India are planning flat to slightly lower salary hikes for 2025 due to global economic uncertainties. GCCs are offering the highest, though marginally lower increments than last year. Most salary projections across sectors, including technology, financial services, and manufacturing, show slight declines or remain steady compared to FY24.
The Economic Times IT services, Pharma sector PAT to grow by 5.8 pc in 3Q FY25: JM Financial
"This quarter will be impacted by furloughs; its impact will be similar to that last year. This is not encouraging given furloughs were deeper and longer last time around. Discretionary spend environment continues to be muted. It is restricted to a few pockets still. 3Q performance is, however, not a reflection of underlying demand. Client budgets, deal wins and uptick in short duration deals would be better gauges," the report stated.
The Economic Times India's real estate sector attracted investment of $11.4 billion in 2024: Report
India's real estate sector attracted equity investments to the tune of $11.4 billion in 2024, which represents a 54 per cent increase over the previous year, according to real estate consultancy firm CBRE.
The Economic Times Indigenous conductive ink manufacturing tech to cut import dependency: UIDAI CEO
The large-scale manufacturing of silver nanowires and the production of conductive ink in the country can reduce India's conductive ink import for advanced electronic material applications, according to Bhuvnesh Kumar, CEO of the Unique Identification Authority of India (UIDAI).
The Economic Times Angel tax removal helped reverse flipping, startup funding $155 bln in 2024: DPIIT
Start-ups are returning to India after the abolition of angel tax, signifying positive changes in the business environment. The Department for Promotion of Industry and Internal Trade (DPIIT) is also working to increase capital mobilization through various initiatives, including collaborations with foreign entities and funding schemes to support the startup ecosystem.
The Economic Times Relief for GST taxpayers: Deadline for GSTR-1 and GSTR-3B extended after GSTN reported technical issues with the portal
GST return deadline: The deadline for GSTR-1 and GSTR-3B both, has been extended by 2 days each. GSTR-1 deadline is now January 13, 2025 while GSTR-3B deadline is now January 22, 2025. However for quarterly GSTR-3B filers the deadline has been extended to January 24 and 26, 2025 depending on the state.
The Economic Times Aim to be data hub of the world: Piyush Goyal
"I see huge demand for data centres because of our interconnected grid, our sustainability thrust, trust on India's systems and processes and the business policies," he said.
The Economic Times Infosys charges Cognizant & its CEO of misusing trade secrets
Infosys filed a counter lawsuit against Cognizant accusing it of using unfair tactics and trade secret misuse to hinder its healthcare platform, Infosys Helix. Ravi Kumar S, a former Infosys executive and current Cognizant CEO, allegedly delayed the launch of Infosys Helix. This legal action follows a lawsuit by Cognizant's subsidiary against Infosys for stealing trade secrets.
The Economic Times Small small but premium: FMCG bets on ‘access packs’ to boost demand
Companies like Hindustan Unilever, Britannia, ITC, and Colgate Palmolive are introducing smaller, lower-priced packs of premium products to boost demand in urban markets. This strategy aims to attract price-sensitive consumers and increase accessibility amid weak urban demand. Smaller packs are helping drive trial, push impulse purchases, and prevent customers from switching to lower-priced local brands.
The Economic Times Work-life balance essential, not optional: Industry leaders on L&T chief's remarks
As the 90-hour work week debate rages, industry leaders Harsh Mariwala, Harsh Goenka and Rajiv Bajaj have weighed in, saying work-life balance is not optional but is essential, and working hard to succeed is not about the hours clocked in. The suggested practise of working for long hours, if at all required to be followed, must start from the top.
The Economic Times Low data rates: India's new ringtone to attract foreign companies
India is promoting its low data tariffs and rapid adoption of 5G services to attract foreign investments from companies in sectors such as ride hailing, telemedicine, and digital payments. The government aims to highlight affordable internet access and the growing availability of 5G devices to potential global investors.
The Economic Times With lower hikes, MNCs in India to start 2025 on cautious note
Multinational companies in India are planning flat to slightly lower salary hikes for 2025 due to global economic uncertainties. GCCs are offering the highest, though marginally lower increments than last year. Most salary projections across sectors, including technology, financial services, and manufacturing, show slight declines or remain steady compared to FY24.
