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The Economic Times
The Economic Times SBI expects to be first Indian company with Rs 1 trillion net profit in medium term: Chairman
State Bank of India (SBI) Chairman, CS Setty, expressed optimism about achieving a Rs 1 trillion operating profit this year, driven by robust credit growth across sectors like petrochemicals, roads, and renewable energy. The bank aims for a 15% growth in its domestic loan book, reaching Rs 39 lakh crore.
The Economic Times IS TRUMP GOOD FOR INDIAN BUSINESSES?
In this analysis, seasoned finance expert Robin Banerjee delves into the potential implications of Trump's economic policies on India’s trade, businesses, and the global economy, highlighting both opportunities and risks.
The Economic Times India Inc finds the (short and) sweet spot when hiring expats
Indian companies across various sectors are increasingly hiring expats for short-term assignments to address talent shortages and gain specialized expertise. These assignments, typically lasting six months to two years, attract highly skilled professionals seeking project-based work or technical leadership roles, particularly in industries like manufacturing, life sciences, and renewable energy.
The Economic Times AI agents more effective than GenAI for enterprise productivity: Deloitte Study
Deloitte's study reveals that AI agents surpass GenAI in business automation, handling complex tasks effectively. Unlike LLMs with limited task comprehension, AI agents leverage tools and memory for intricate processes, enhancing productivity and program delivery.
The Economic Times Govt earns Rs 2,364 crore by selling office scraps in 3 years
Prime Minister Narendra Modi lauded the efforts of Department for Promotion of Industry and Internal Trade (DPIIT) for displaying efficiency and earning Rs 2,364 crore in just three years through the sale of scrap from various government offices.
The Economic Times P&G India's sales cross $2 billion, but growth rate falls
Procter & Gamble (P&G) India achieved $2 billion in sales in FY24, marking an 8% growth. Despite facing a market slowdown, the company's focus on product innovation and operational efficiency contributed to its success. P&G's largest division, Home Products, saw a significant 37% profit increase.
The Economic Times Godrej Properties net debt rises to ₹7,572 crore in q2
Godrej Properties' net debt rose slightly to ₹7,572 crore as the company invested in land acquisitions for future growth. To fund further expansion, they plan to raise ₹6,000 crore through various securities. This follows a record year with sales bookings reaching ₹22,527 crore, and the company aims to achieve ₹27,500 crore in the current financial year.
The Economic Times Fog lifts: IT spending revives on AI, BFSI gets growth and hiring surges
India-centric IT firms saw signs of recovery in the first half of the fiscal year, driven by growing tech spends in North America's BFSI sector, increased hiring, and improved revenue guidance. Experts foresee further tech spending bolstered by Donald Trump's US election win, which may lead to lower business taxes and favor skilled immigration, setting the stage for Indian IT firms to expand and innovate.
The Economic Times India to focus on climate finance, accountability, protection for vulnerable communities at COP29
India is poised to prioritize climate finance accountability and safeguarding vulnerable communities at COP29 in Baku. Leading a 19-member delegation, India will urge developed nations to accelerate their net-zero commitments and deliver on climate finance promises, emphasizing the need for equitable energy transition and robust support for adaptation measures.
The Economic Times Trump effect: iPhone’s India output may double to $30 billion annually
Apple could double its iPhone production in India to over $30 billion annually if the US imposes tariffs on Chinese imports. This shift could create 200,000 jobs and increase India's share in iPhone production to over 26%. However, the move depends on US policy and India's ability to address cost and policy challenges.
The Economic Times Big Tech companies gear up for major policy changes under Donald Trump
US President-elect Donald Trump has strong relationships with Big Tech CEOs like Elon Musk and has talked about positive relationships with Amazon Founder Jeff Bezos and Meta Co-founder Mark Zuckerberg.
The Economic Times GST, customs, excise case hearings to be virtual by default now: Expert views on pros and cons
GST case: The hearings of cases relating to Goods and Services tax (GST), Central Excise and Customs to be now made through virtual mode i.e. video conferencing. However if a taxpayer wants then by submitting a written request the proceedings can be conducted through physical mode. Read below to find out which mode is good for whom.
The Economic Times Appellate Authority withdraws ₹1.64 Cr demand order on APL Apollo.
The Appellate Authority has ordered a withdrawal of the Demand Order against APL Apollo Tubes Limited. Structural Steel Tubing Company received the assessment order on August 22, 2024.
The Economic Times GST leviable on AAI-Adani concessionaire pact for Thiruvananthapuram airport: Kerala AAR
The Kerala AAR ruled that the concessionaire agreement between AAI and Adani Thiruvananthapuram International Airport Ltd is a supply of services, making it liable to GST. This contradicts rulings by other state authorities that deemed similar airport transfers as "going concern" exempt from GST, highlighting inconsistencies in applying GST law across India.
The Economic Times Tax appeals pending, recovery halted
The Gujarat High Court has stopped the Income Tax department from collecting outstanding dues from five companies while their appeals are pending. The court criticized the department's lack of progress in addressing the backlog of over 5 lakh appeals under the faceless appeal system, highlighting the need for a concrete plan to resolve the issue.
