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The Economic Times India Inc wakes up to stern default rule

A new rule by SEBI mandates that any delay in a single rupee's payment categorizes a company as a defaulter, impacting their credit rating temporarily. Even operational technicalities unrelated to financial instability can lead to volatile market reactions and necessitate rigorous compliance measures to avoid such downgrades.

The Economic Times Bulls back in China cos’ India shop: Firms from neighbouring country see robust sales growth despite tighter scrutiny

Chinese companies like Midea, Haier, Xiaomi, Lenovo, and BYD are seeing strong revenue growth in India. Consumers prefer their products because they are priced competitively and offer more features. The perception of Chinese product quality has improved over the past decade. Brands like Haier, Midea, and Lenovo report increased sales in recent periods.

The Economic Times IT and Pharma sector poised for growth, cement faces downgrades: Ajay Bagga

​​In a strong market, it would not have made that big an impact as we saw. And finally, when the secondary market numbers came out, domestics were buying nearly 2x the selling by the FIIs. So, clearly, it was a question of domestic investors also selling out while institutions were buying, so that is showing the skittish nature of the market.

The Economic Times Hospitality industry revenues to grow by 6-8% in FY26: ICRA

ICRA projects a 7-9% revenue growth for the Indian hospitality industry in FY2025 and 6-8% in FY2026, driven by rising ARR and sustained demand from domestic tourism, business travel, and MICE events. Premium hotel ARRs are expected to reach Rs 8,400 by FY2026. Supply growth will lag demand, supporting an industry upcycle.

The Economic Times Small packs amid big bills: Indians reshape shopping habits as inflation hits budget

Due to rising prices of groceries and household essentials, Indian consumers are opting for smaller packs of products, impacting volume growth in the FMCG sector. Companies like HUL and Nestle have raised prices, leading to 'shrinkflation' and challenges in maintaining affordability and consumer loyalty.

The Economic Times Finmin to hold meeting with MFI players on Wed

The Finance Ministry will meet with MFIs to address rising stress and delinquencies in the microfinance sector. Credit deceleration, increasing stressed assets, and borrower indebtedness have been highlighted in the RBI's latest report, with notable increases in loans from multiple lenders and average ticket sizes.

The Economic Times India’s GDP growth expected to slow to 6.4% in FY25, down from 8.2% last year: Government estimates

India’s GDP growth is forecasted to slow to 6.4% in FY 2024-25, down from 8.2% in the previous year, with the Reserve Bank of India predicting a 6.6% growth. Key sectors like agriculture, construction, and real estate are expected to expand, highlighting a tough economic landscape as the government prepares its fiscal strategy.

The Economic Times India to clock faster GDP growth for Oct-Dec, inflation easing: HSBC Research

India's GDP growth momentum has improved in the October-December quarter of the current financial year (FY25) and inflation has eased, according to an HSBC Research report released on Tuesday.

The Economic Times Signature Global appoints Sanjeev Kumar Sharma as CFO

A finance professional, Sanjeev Kumar Sharma has held key roles across various sectors, including manufacturing and banking, at leading organizations such as ICICI Bank, Apollo Tyres, BPTP Ltd., and JK Paper.

The Economic Times Alkem Laboratories faces ₹10.4 cr GST demand

Alkem Laboratories Ltd received an order from statutory authorities under the GST Act, 2017, demanding ₹5,21,52,038 in taxes, and ₹5,22,02,038 in penalties plus interest, for alleged excess availing of GST Input Tax Credit from 2017 to 2021. Alkem intends to contest the order.

The Economic Times Vodafone Idea faces ₹2.94 cr penalty under GST Act

Vodafone Idea Limited has received a penalty order under the Central Goods and Services Tax Act, 2017, confirming ₹2,94,07,225 due to alleged excess ITC availment for FY 2017-18. The company intends to challenge the order and pursue appropriate rectification actions while disclosing under SEBI regulations.

The Economic Times Microsoft announces $3 billion investment in India, to train 10 million in AI skills

This comes a day after Nadella met Prime Minister Narendra Modi in New Delhi to discuss tech innovation and AI, pledging support to position India as an AI-first nation. The tech major already has three data centre regions in the market and the fourth will be introduced in 2026. With this investment, the company aims to develop a scalable AI computing ecosystem.

The Economic Times Robust earnings growth to continue in healthcare sector in Q3FY25: Report

Pharma companies in India are expected to report healthy earnings growth in the just-concluded October-December quarter, averaging 19.4 per cent, as per a report by brokerage firm Motilal Oswal.

The Economic Times Indian rupee to get support at 85.5, in case of breach it may test 86.5 against US dollar: UBI

The Indian rupee opened strong on Tuesday morning as compared to the all-time low it tasted during the previous session. At the time of filing this report, the rupee traded at 85.75 against the US dollar, vis-a-vis an all-time low of 85.84.

The Economic Times L&T bags large orders in India, overseas

Larsen & Toubro's power transmission and distribution vertical has secured significant orders ranging between Rs 2,500 crore to Rs 5,000 crore both domestically and internationally. Notable projects include an advanced distribution management system in West Bengal, key substations in Saudi Arabia and Kuwait, and Extra-High Voltage substations in Dubai.

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