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The Economic Times
The Economic Times Sanjay Malhotra is the new RBI Governor
Currently, the Secretary (Revenue) in Ministry of Finance and having previously held the post of Secretary in Department of Financial Services under the Ministry of Finance, Government of India, Sanjay Malhotra succeeds Shaktikanta Das as the new RBI Governor.
The Economic Times Greenie Energy raises USD 600,000 in seed funding to revolutionise EV charging across India
The funds will accelerate Greenie Energy's mission to deploy 5,000+ EV charging points by the end of 2025 and drive the development of new, scalable products tailored to India's growing EV market.
The Economic Times India, Norway forge deeper economic ties, plan to launch startup bridge
Union Commerce and Industry Minister Piyush Goyal on Sunday proposed to launch a startup bridge between Norway and India, as the two countries discuss various ways to boost trade ties.
The Economic Times Global brands’ pay scale tips in favour of Indian chiefs
Indian CEOs at major multinational companies in India are now earning significantly more than their expat counterparts. This shift is attributed to companies prioritizing local talent and the elimination of hardship allowances previously given to expats. The trend is expected to continue as Indian executives offer immediate value and deep understanding of the complex Indian market.
The Economic Times India's CPI inflation likely to ease to 5.5% in November from 6.2% in October: Morgan Stanley
Morgan Stanley predicts India's November CPI inflation to fall to 5.5% from October's 6.2%, due to easing food prices and a decelerating core CPI. This aligns with RBI's efforts for price stability. Union Bank of India also forecasts a similar drop to 5.4%, citing a seasonal decline in vegetable prices, particularly tomatoes.
The Economic Times India's net-zero emission targets at risk without adequate global financial support, warns ESG expert Nirav Patel
India's net-zero target faces financial hurdles, says Nirav Patel, Partner at ESG Consulting Uniqus Consultech, stressing the need for external funding, concessional loans, and collaboration between government and corporates.
The Economic Times Make AI in India, work for India is the vision as India embarks on AI revolution: Jitin Prasada
"Artificial intelligence is a cornerstone of these transformative solutions. Our vision is to make AI in India and make AI work for India, as well as AI for all. Today, India is placed for a transformative AI revolution," he said.
The Economic Times Development following mantra of 'Reform, Perform & Transform' visible in every sector: PM Modi
Prime Minister Modi stated at the Rising Rajasthan Summit that India's economic growth, driven by reform and performance, has attracted global investors. He emphasized the importance of a strong manufacturing base and highlighted India's democratic values, demographic dividend, and digital advancements. Modi commended Rajasthan's recent progress under the BJP-led government, citing improved infrastructure, crime control, and investment opportunities.
The Economic Times Vedanta to invest Rs 1 lakh crore in zinc and oil production, may create jobs for 5 lakh people
Speaking to during the Rising Rajasthan Global Investment Summit, Agarwal revealed that the massive investment will provide significant employment opportunities and foster industrial development.
The Economic Times CEAT eyes larger premium play in OHT, tracks business after deal with Michelin
CEAT finalized a deal to acquire Michelin's Camso off-highway tyre and track business for $225 million. This acquisition allows CEAT to enter the faster-growing, high-margin track segment, expanding its global presence with access to over 40 international OEMs and two Sri Lankan manufacturing facilities.
The Economic Times Higher share of off-highway tires business to boost overall business margins: Anant Goenka
Ceat's acquisition of Michelin's off-highway tyre (OHT) brand Camso for USD 225 million is projected to boost Ceat's margins. The deal will increase the share of OHTs, which have higher profit margins, from 15% to 25-30% of Ceat's overall mix. The acquisition adds a billion-dollar brand to Ceat's portfolio and expands its presence in the agricultural tyre segment.
The Economic Times Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand: FADA
India's November vehicle sales showed mixed results. Two-wheeler sales surged by 15.8 percent due to festive demand. However, passenger vehicle sales dropped by 13.72 percent. Commercial vehicle sales also dipped. Three-wheeler sales saw a modest rise. The industry remains cautiously optimistic about December, expecting some growth.
The Economic Times India's industrial output likely rose by 3.7% in October on festive demand: Report
India's industrial production likely rose 3.7% in October 2024, fueled by festive demand, according to a Union Bank of India report. This growth, though lower than October 2023's 11.9%, was supported by improved rural and urban consumption and a recovering core sector. Increased auto production and consumer non-durables signaled positive demand shifts.
The Economic Times Key investment destination: FDI inflows in India cross $1 trillion
India attracted over a trillion dollars in foreign direct investment between April 2000 and September 2024. Mauritius, Singapore, and the US were the top investors. Key sectors included services, software, and telecommunications. Inflows surged after 2014, exceeding the previous decade's figures. Experts predict continued growth, driven by strong economic performance and government initiatives.
The Economic Times India's Luxury Property Market Is a Boon to Trump's Business
With Donald Trump's return to the White House, his business interests in India, including multiple Trump-branded towers, raise concerns about potential conflicts of interest. Indian developers pay licensing fees to use the Trump name, and the Trump Organization plans to expand its presence in the growing Indian luxury market, despite past ethical scrutiny.
