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The Economic Times
The Economic Times Indian retailers state that introduction of a 35% GST slab and pricing-based rate structure will have adverse impact
The Indian Sellers Collective has urged the Finance minister and GST Council to reject the GoM's recommendations on GST rate rationalisation. They argue a new 35% slab and pricing-based structure will harm retailers, increase compliance issues, and fuel a parallel economy, ultimately benefiting Chinese producers at the expense of Indian businesses.
The Economic Times Cabinet approves 'one nation, one election', likely to bring comprehensive bill
The Union Cabinet has approved the "One Nation, One Election", a significant move aimed at streamlining the electoral process. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation.
The Economic Times Siemens Energy appoints Harish Shekar as CFO
The current CFO, Vineet Rastogi, will assume the role of Head of Accounting and Controlling at the company.
The Economic Times ADB and NaBFID collaborate to address the funding gap of India's infrastructure sector
The initiative is designed to address the substantial funding gap in India's infrastructure sector. The collaboration also includes the provision of credit lines through ADB-facilitated private sector investments to support innovative projects that foster sustainable and inclusive growth across India.
The Economic Times Indian economy will be of USD 7trn even if grows conservatively and USD 9 trn if grows aggressively: Finance Commission Chairman
India's economy is on track to surpass the USD 7 trillion mark by 2030 even under the conservative growth estimates, according to Arvind Panagariya, Chairman of the 16th Finance Commission.
The Economic Times India's EVs, ancillary industries may see Rs 3.4 lakh cr investment by 2030: Colliers
The report mentioned that individual companies across the EV landscape have announced plans to invest USD 40 billion (Rs 3,40,000 crore) in a phased manner till 2030. Out of this, USD 27 billion is planned for lithium-ion battery manufacturing and USD 9 billion for OE (Original Equipment) and EV manufacturing.
The Economic Times Govt says 3,000 MW electrolyzer manufacturing capacity coming up in country
The Mission aims to develop green hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country.
The Economic Times Manufacturing industry transformed by digitalisation, IoT and AI, says Phillips Machine Tools MD Terrence Miranda
The machine tool industry is undergoing a major shift. Digitalization and automation are key. Emerging technologies like AI and IoT are reshaping manufacturing. Aerospace, defense, and medical devices are driving demand. India is becoming a global manufacturing hub. Initiatives like "Make in India" are boosting domestic production. Phillips Machine Tools is adapting to currency fluctuations and promoting sustainable practices.
The Economic Times Electronic giants shift entry-level production to contract manufacturers to free up capacities in plants
Rajesh Agarwal, director at leading contract manufacturer Bhagwati Products, said globally in markets like China brands outsource production of electronic products to original design manufacturers and electronics manufacturing services (EMS) companies.
The Economic Times Apple may be developing a custom AI server chip with Broadcom
Apple is partnering with Broadcom to develop a custom AI processing chip, code-named Baltra. This chip, slated for mass production by 2026, will be manufactured using TSMC's advanced N3P process. This move strengthens Apple's AI capabilities, building on recent Apple Intelligence features and its history of in-house chip design.
The Economic Times Tax refunds up by 46.31% to Rs 3.08 lakh crore in FY 2024-25: Finance Ministry
The Finance Ministry announced on Thursday a significant improvement in the issuance of tax refunds for the financial year 2024-25.
The Economic Times ADB approves USD 500 million for green infrastructure in India
The Asian Development Bank (ADB) has approved a USD 500 million loan to support India's economic growth through the development of environmentally sustainable infrastructure.
The Economic Times Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman
Outlining the priorities of the economy for the next decade, Sitharaman said the industry should work with small and medium enterprises to explore how they can support large units, while equally contributing to job creation.
The Economic Times CA Technologies’ India arm renews lease for 1.08 lakh sq ft office in Pune’s Kharadi
The software solutions provider for managing information technology infrastructure and services will be paying rentals of Rs 1.08 crore per month initially.
The Economic Times Crypto regulation, broad based PLI, AI focus key: PHDCCI president
PHDCCI President Hemant Jain urged the Indian government to regulate cryptocurrency, citing US President-elect Donald Trump's support as a positive development. He also advocated for expanding Production Linked Incentive schemes, focusing on AI, and lowering personal income tax rates in the upcoming budget. Jain highlighted concerns about global uncertainties and their potential impact on India's economy.
