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The Economic Times
The Economic Times MGL, IBC US sign pact to set up Li-ion battery cell manufacturing facility in India
The move aims to reduce dependency on imports and support the “Make in India” initiative by setting up a giga factory in Bangalore, where prismatic NMC cells will be produced for the mobility and battery storage sectors.
The Economic Times Europe's ESMA wish to audit CCIL 'extra jurisdictional', will never agree to the demand: RBI DG
"There is no way we can agree to that. It is not possible to agree to that without compromising on your sovereignty of, you know, policymaking. There is no way anyone can agree. If other countries have agreed, I do not understand how they have," RBI Deputy Governor T. Rabi Sankar said.
The Economic Times Manufacturing will play pivotal role in shaping Viksit Bharat
It is initiatives like 'Make in India' that have played a pivotal role in boosting the automotive manufacturing prowess, building confidence in local competencies, in local talent pool having global capabilities, positioning India as a potential 'global manufacturing hub'. For instance, we now produce two world-class electric vehicles (EVs) in Pune, the first market outside Germany and the US to accomplish this feat.
The Economic Times Trump's victory may give Starlink and Amazon leverage for India satcom push
A fierce battle is currently underway between Jio and Airtel - and global satellite firms - Starlink and Amazon - over the allocation mode of satellite spectrum and its pricing to support broadband-from-space services.
The Economic Times Fed's Powell says some downside risks to US economy have diminished
Fed's Powell says some downside risks to US economy have diminished
The Economic Times Good for us if China indeed reduces its steel exports after Trump's win: Tata Steel MD TV Narendran
Tata Steel's Managing Director, TV Narendran, expressed concerns over the global steel industry's profitability, stating that current prices are insufficient for companies to invest in planned capacity expansions. He highlighted the impact of Chinese steel exports, often priced predatory low, on global prices.
The Economic Times India may pursue big business deals early in Trump 2.0 government
India is strategically planning to leverage the inauguration of President-elect Donald Trump to secure major deals in sectors like semiconductors and manufacturing. Experts suggest this approach aligns with the 'Make in India-Make for the World' initiative and could create jobs, facilitate technology transfer, and benefit US businesses. However, potential challenges include navigating potential protectionist policies under Trump's 'America First' agenda.
The Economic Times Fed cuts rates, notes labor market easing and solid economic growth
The Federal Reserve has reduced interest rates by a quarter percentage point, citing a cooling job market and progress in controlling inflation. Despite the positive economic indicators, the central bank acknowledges potential uncertainties tied to the recent presidential election.
The Economic Times India should be part of RCEP, CPTPP: Niti Aayog CEO
"India is one of few countries which are not a part of large trade agreements. India should be a part of RCEP (Regional Comprehensive Economic Partnership) and CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) and become a member," Subrahmanyam said at an event organised by industry body Assocham.
The Economic Times Income Tax department searches Truecaller India offices in tax evasion case
The company said in a public statement that "On Thursday 7 November 2024, Truecaller's India offices were visited by Indian Tax officials."
The Economic Times Tax reforms, simpler customs procedure top Budget wishlist
Indian industry bodies met with revenue secretary Sanjay Malhotra. They presented their tax proposals for the upcoming budget. The Federation of Indian Chambers of Commerce and Industry (FICCI) proposed comprehensive tax reforms. The Confederation of Indian Industries (CII) suggested simplifying the goods and services tax (GST) regime.
The Economic Times Charity by India Inc up 4%, Nadar biggest giver
Indian philanthropists donated a total of Rs 8,783 crore in FY24, a modest increase from the previous year. Shiv Nadar topped the list for the fourth consecutive year, donating Rs 2,153 crore, primarily towards education. The EdelGive-Hurun India Philanthropy List 2024 highlights the growing trend of substantial donations among India's wealthiest individuals.
The Economic Times A Trump card for India?
In the immediate term, India’s equity markets are likely to react positively to Trump’s victory. Expectations of increased demand in sectors such as IT, pharmaceuticals, and chemicals, driven by the “China Plus One” policy, may boost investor sentiment. The Indian government’s initiatives like the Production-Linked Incentive (PLI) scheme and “Make in India” should enhance India’s attractiveness to US investors.
The Economic Times Bhagwati Autocast appoints Ashish Makati as CFO
The appointment took place as Mahendra Prajapati, Bhagwati Autocast's former CFO resigned from his position in October this year due to personal reasons, as stated by the company in a regulatory filing to BSE.
The Economic Times Freshworks Cuts Over 600 Jobs In Strategic Realignment, Announces $400 Mn Share Buyback
Software company Freshworks is reducing its global workforce by 660 employees, affecting Indian employees as well. The company aims to improve efficiency and focus on key areas like employee experience and has reported a 22% revenue increase in the last quarter.
