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The Economic Times
The Economic Times 4 chip manufacturing units, 3 supercomputers this year to boost India's global tech position
The year 2024 saw four new semiconductor manufacturing units and three 'Param Rudra' supercomputers, among several other initiatives, to strengthen India's position on the global tech stage, the government said on Friday.
The Economic Times Global manufacturing to shift in India's favour: N Chandrasekaran
Global supply chains are shifting towards India due to a focus on resilience over efficiency, says Tata Sons chairman N Chandrasekaran. He emphasizes that the Tata Group plans to create five lakh manufacturing jobs in critical sectors including batteries, semiconductors, and electric vehicles over the next five years.
The Economic Times Government Initiatives on AI, semiconductor manufacturing and skill development will make India global technology hub: Meity
Tata Electronics Private Limited (TEPL) received approval for setting up a Semiconductor Fab facility with a Rs91,526 crore investment in partnership with Taiwan's PSMC. The facility, capable of producing 50,000 wafer starts per month, represents a technological leap for India.
The Economic Times Swiggy partners with NSE to empower delivery partners with financial literacy programs
Integrated into Swiggy’s flagship initiatives, the program is designed to equip the delivery partners with vital financial skills that drive household stability, improve socio-economic outcomes, and contribute to the nation's financial inclusion agenda.
The Economic Times Bank frauds in H1 FY25 surge eightfold to Rs 21,367 Crore: RBI
The figures for April-September FY25 indicate a stark increase compared to the 14,480 cases involving Rs 2,623 crore reported during the same period in FY24.
The Economic Times India's widening bank liquidity deficit warrants more measures, traders say
India's banking system liquidity deficit is projected to further expand in the next quarter due to tax outflows and the central bank's forex interventions, despite recent measures like the cash reserve ratio cut. Market participants suggest additional durable liquidity injections through open market operations and possible further cuts in the cash reserve ratio.
The Economic Times India’s government cites RBI policy for slowdown
India’s government partly blames the central bank’s tight monetary policy for weak economic performance. They expect growth to improve in the second half of the fiscal year as demand increases and restrictive measures ease. The central bank may cut interest rates to support growth. Rural and urban demand shows signs of recovery.
The Economic Times India's growth outlook positive despite new uncertainties for global trade in FY26: Finance Ministry
As the world prepares to welcome a new year, fresh uncertainties have surfaced for global trade in the financial year 2026, according to the November monthly economic review by the Finance Ministry.
The Economic Times India's economic wheel didn't move without a push from Dr Manmohan Singh
India's economic growth post-liberalization cannot be hailed without recognizing the significant contribution of former Prime Minister Dr. Manmohan Singh. His journey began long before he assumed charge as the 13th Prime Minister of the country.
The Economic Times Banks told to integrate compliance systems with RBI's Daksh platform
The regulator has asked banks to implement the integration through straight-through processing (STP), and to facilitate this, the deadline for regulated entities to streamline their compliance functions has been extended to April 2025. "Lenders had requested the RBI to extend the deadline for review and implementation of new internal compliance tracking and monitoring processes, which has been accepted, but now the regulator wants such systems to be integrated with Daksh," a senior bank executive said.
The Economic Times China's mega hydel project along Brahmaputra serves as wake-up call for India's pending hydroelectric project
China's plans to build a massive hydel project on the Yarlung Tsangpo highlight the urgency for India to expedite the Upper Siang Hydroelectric Project in Arunachal Pradesh. India's delayed response may impact Brahmaputra's flow and water security, necessitating immediate infrastructure development along the Himalayan rivers.
The Economic Times NCLT admits insolvency plea against Hero Electric
Hero Electric Vehicles has entered the insolvency resolution process following a plea from Metro Tyres, who claims unpaid dues of ₹1.85 crore. The National Company Law Tribunal has appointed Bhoopesh Gupta as interim resolution professional.
The Economic Times Formal job growth slows in October; EPF and ESIC see decline
The Ministry of Statistics and Programme Implementation reported a significant decline in new EPF and NPS subscribers in October 2024-25, with EPF subscriptions at their lowest at 0.75 million. While ESIC saw a slight increase, gender-wise analysis showed male subscribers faced higher subscription declines compared to females across EPF and ESIC.
The Economic Times Budget 2025: Govt considers cutting personal income tax to lift consumption
Union Budget 2025: India is planning to reduce income tax for people earning up to 1.5 million rupees a year. This could help the middle class and boost consumption in the slowing economy. The decision will be made closer to the February budget. The move aims to make more people opt for a newer, simpler tax system introduced in 2020.
The Economic Times BSE 500 cos hold Rs 99,000 cr in cash & cash equivalents. Time for bumper dividends?
HCL Technologies, Bharat Electronics, LTI Mindtree, Siemens, and Sun TV Network are the top five companies with the largest estimated excess cash reserves, said the report. The IiAS assessment, drawn from FY24 financial statements, also accounts for acquisitions and announced capital expenditures after the balance sheet date.
