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The Economic Times
The Economic Times Hero MotoCorp launches programme to support startups in automotive industry
Under the programme, selected startups will get exclusive access to Hero MotoCorp's research and development facilities in Germany and India, besides the company's extensive network of dealers, suppliers and partners, along with mentorship.
The Economic Times Total debt on major telcos hits Rs 4.09 lakh crore in FY24; BSNL debt lowest at Rs 23,297 crore
BSNL had a debt of Rs 40,400 crore in FY22, which was reduced to Rs 28,092 crore with the help of a revival package and financial support from the government.
The Economic Times US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate
Within the GDP data, a category that measures the economy’s underlying strength rose at a solid 3.2% annual rate from July through September, up from 2.7% in the April-June quarter. This category includes consumer spending and private investment but excludes volatile items like exports, inventories and government spending.
The Economic Times Malls may cut multiplex space as cinema-led revenues shrink
Mall developers are reducing multiplex spaces in future projects due to declining footfall and revenues. Multiplexes now contribute only 6-7% of mall traffic, compared to 10% previously. The rise of OTT platforms and a lack of compelling content are cited as key reasons, prompting developers to allocate more space to other entertainment and F&B options.
The Economic Times Abu Dhabi's IHC says its outlook on Adani Group investments is unchanged
Abu Dhabi's IHC maintains its investment stance in India's Adani Group despite a recent US indictment against Gautam Adani and other executives for alleged bribery. IHC expressed confidence in Adani's green energy contributions. The indictment follows previous accusations of stock manipulation and high debt, which Adani denied.
The Economic Times Food items may shed weight in CPI basket
A revision of India's Consumer Price Index (CPI) is underway, potentially reducing the weightage of food items. This change, based on the latest Household Consumption Expenditure Survey, could lower both headline inflation and its volatility. Experts suggest this shift reflects changing consumption patterns and may lead to more stable inflation readings, closer to the RBI's 4% target.
The Economic Times Regulator asks fund houses, PMS cos to disclose more about 'dodgy' investors
The market intermediaries will have to submit the data, along with a slew of other information, to the regulator by November 30, an official with a large asset manager told ET.
The Economic Times Akasa Air gets notice over pilot retraining lapse
India's DGCA issued a notice to Akasa Air for neglecting to provide mandatory corrective training to a pilot involved in a hard landing incident. A March flight from Bagdogra to Bengaluru landed harder than permitted. Regulations require additional simulator training after such incidents, but the pilot only received counselling. Akasa Air's head of training has two weeks to respond.
The Economic Times Adani allegations shine spotlight on India's clean energy conundrum
India's renewable energy dream faces hurdles. State distributors are hesitant to buy renewable power. This delays projects and impacts clean energy goals. Adani Group's bribery allegations worsen the situation. The government is pushing for more renewable projects. But a lack of buyers creates a bottleneck. Experts suggest better planning to match supply and demand.
The Economic Times Healthy ambitions: LIC eyeing ManipalCigna
LIC plans to buy half of ManipalCigna Health Insurance. The deal could be worth ₹4,000 crore. This move will let LIC enter the health insurance market. ManipalCigna is a joint venture between Manipal Group and Cigna Corporation. Both will reduce their stakes if the deal happens. LIC's managing director hinted at this acquisition during an earnings call.
The Economic Times How will the new PAN card system work?
By integrating multiple functions and enhancing data security, the government aims to provide faster, more accurate services to taxpayers while advancing the broader goals of digitalization and sustainability.
The Economic Times MSPL eyes Rs 4,500 crore topline with major expansion and foray into steel making: Anil Kavadiya, Group CFO
The iron ore pellet maker is well-positioned to become a dominant force in India’s steel industry, contributing significantly to the country’s infrastructure development and sustainability goals, said Kavadiya.
The Economic Times India clocks double-digit surge in steel consumption amid global slowdown
India is the only large economy showing robust growth in the consumption of steel with a double-digit jump of 13.5 per cent in the first half of 2024-25, according to a statement of the Ministry of Steel issued on Wednesday.
The Economic Times India signs agreement to operationalise solar projects in Fiji, Comros, Madagascar and Seychelles
This development comes after India committed to invest USD 2 million in new solar projects in these Indo-Pacific countries under Quad Climate Working Group initiative
The Economic Times Indian economy to bounce back for 3 big factors: Here's what Morgan Stanley forecasts
India's economy is poised for a rebound, with projected GDP growth reaching 6.7% and 6.8% in the upcoming quarters of FY25. Increased government spending, moderating food inflation, and a recovering job market are key drivers of this anticipated growth, overcoming earlier challenges from weather disruptions and reduced consumer spending.
