The Economic Times
The Economic Times 60% FMCG companies say e-commerce is critical platform for sales
A NielsenIQ study reveals that 60% of FMCG companies prioritize e-commerce as their primary sales channel. Emerging manufacturers are experiencing 1.5 times higher growth in e-commerce than category averages. Convenience stores are also gaining traction, with 48% penetration in India. Companies are adapting to inflation through cost management, diversified distribution, and strategic marketing investments.
The Economic Times Expressed deep disappointment at EU's CBAM, EUDR regulations with French counterpart: Piyush Goyal
India's Commerce Minister Piyush Goyal expressed disappointment over the EU's green trade regulations, including CBAM and EUDR, calling them unfair and unilateral. He emphasized the principle of common but differentiated responsibilities and India's low per capita emissions during a meeting with his French counterpart, hoping for a resolution through continued engagement.
The Economic Times Indian banks are reviewing Adani Group exposure after US charges
Indian banks, including State Bank of India and ICICI Bank, are reassessing their exposure to Adani Group after U.S. bribery accusations against Chairman Gautam Adani, although this review may not change lending strategies.
The Economic Times India's gig economy could add 90 million jobs over time: Report
India's gig economy could add 90 million jobs, enabled by large multinationals, and add 1.25 per cent to the country's GDP over time, according to a report on Thursday.
The Economic Times Innovative financial solutions to boost MSME growth in India: Nasscom
In order to boost the MSME growth in the country, there is the need for innovative financial solutions and banks should improve transparency in loan approval processes and eliminate unused credit charges, according to a report on Thursday.
The Economic Times Ease compliance for MSMEs with simplified GST and reduced TDS: ASSOCHAM-EGROW Study
A joint ASSOCHAM-EGROW study highlighted the challenges faced by Indian MSMEs and proposed solutions for their growth, including reduced corporate tax, simplified GST, and MSME-focused financial solutions.
The Economic Times RBI working to create robust data analytics ecosystem: Dy Guv Swaminathan
An effective banking supervision system requires the supervisor to maintain a continuous, forward-looking assessment of the risk profiles of individual banks, aligned with their systemic significance.
The Economic Times Japan's 'Mr Yen', Masato Kanda, chosen as next ADB chief
Masato Kanda, Japan's former top currency diplomat known as "Mr. Yen", has been selected as the next president of the Asian Development Bank (ADB). Kanda will begin his term on February 24, 2025, succeeding Masatsugu Asakawa.
The Economic Times Japan’s third-largest bank weighs new push to target private equity boom in India
Mizuho Financial Group is exploring a move into India's private equity and venture capital market. The Japanese bank is considering launching this initiative next year, aiming to connect with prolific dealmakers and offer services like debt funding and wealth management, similar to strategies employed by other global and domestic banks.
The Economic Times Sensex crashes nearly 1,300 pts, Nifty below 24K; Fed fears, IT selloff drive market meltdown
Sensex, Nifty 50 Crash Today: Indian shares declined, tracking global peers. IT stocks led the losses amid US policy uncertainties. Adani Group stocks rebounded after recent declines. US inflation data raised concerns about interest rate cuts. Experts predict continued market consolidation. Asian markets were mixed, and the dollar held steady. Oil prices dipped slightly.
The Economic Times Icra revises down volume growth forecast for cement industry to 4-5% for FY25
In July this year, Icra had forecast a year-on-year volume growth of 7-8 per cent, expecting a better pick-up in demand in the second half.
The Economic Times US weekly jobless claims decline further
The number of Americans filing new applications for unemployment benefits fell again last week, but many laid-off workers are experiencing long bouts of joblessness, keeping the door open to another interest rate cut from the Federal Reserve in December.
The Economic Times India’s fiscal deficit to fall 19 bps below target: Ind-Ra
India's fiscal deficit is projected at 4.75% of GDP in 2024-25, 19 basis points lower than budgeted, due to fiscal discipline and slower economic activity. The government remains on track to achieve the 4.5% target in 2025-26. Higher tax revenues and lower capital expenditure contribute to this positive outlook, despite some underperformance in non-tax revenues and disinvestment.
The Economic Times Satish Gupta appointed liquidator for Jet Airways
Jet Airways is officially entering liquidation after a five-and-a-half-year struggle to resolve its ₹7,800 crore debt. The Supreme Court overturned the NCLAT's approval of a takeover bid, leading the NCLT to appoint Satish Kumar Gupta as liquidator. The consortium, unable to meet revival conditions, sealed the airline's fate after years of insolvency proceedings.
The Economic Times Nirmala Sitharaman & Co said to be evaluating windfall tax
India's finance ministry is considering scrapping the windfall tax on domestic crude oil output, according to Tarun Kapoor, an adviser to the Indian prime minister.