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The Economic Times
The Economic Times Electronics goods emerge as fastest growing segment in India's exports
Electronics goods have emerged as the fastest-growing segment in India's export basket as new manufacturing capacities have come up in the country driven by the success of the Centre's production-linked incentive (PLI) scheme.
The Economic Times Budget 2025: Money for country roads may take economy to a better place
Union Budget 2025: Finance Minister Nirmala Sitharaman is expected to prioritize rural infrastructure in Budget 2025, especially through the PMGSY scheme. An increased outlay aims to improve rural road connectivity, enhance agricultural market access, drive rural consumption, generate employment, and strengthen financial inclusion, with a substantial allocation anticipated.
The Economic Times Sunny side up for domestic manufacturing
Solar power developers are now required to pay customs duties and GST on imported modules upfront, following a directive from the CBIC, which aims to support domestic manufacturers. The revocation adjusts cash flows for solar companies and highlights the need for policy stability to ensure investor confidence and smooth economic transitions.
The Economic Times Online job postings rose by 20% in 2024, driven by digital adoption and SMB sector growth: Report
India's enterprise job market experienced unprecedented growth in 2024, with job postings on the Apna platform surging by 32 per cent, surpassing 3.5 lakh across 100 per cent categories in over 500 cities.
The Economic Times Generative AI: key trends to anticipate in 2025
The recently published NTT DATA’s GenAI report reveals how companies plan to leverage the potential of the technology in the New Year 2025. According to the report, companies now want to move from the experimental phase to strategic adoption and real utilization. They are making necessary changes across domains and investing heavily to adapt to GenAI era.
The Economic Times Indian Rupee to remain in pressure amid weak manufacturing exports & policy rate differential with US- Report
The Indian rupee may face pressure in 2025 from slowing FDI, weak manufacturing exports, and narrowing policy rate differential with the US, despite positive drivers like India's economic growth, real yields, and strong foreign exchange reserves. A recovery in economic growth and lower inflation are also expected.
The Economic Times Demand for work under MGNREGA remained low in 2024, suggests improved rural economy: RBI
The demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has remained subdued in most months of the current financial year, according to a report by the Reserve Bank of India (RBI).
The Economic Times Income tax rate cut in Budget: Top economists urge Modi to lessen burden for Indians
Union Budget 2025: Economists recommend reducing income tax rates, rationalizing customs tariffs, and supporting exports in Budget 2025. They advise targeted interventions for skills development, boosting agricultural productivity, and maintaining capital expenditure. Industry bodies propose comprehensive tax reforms, streamlined compliance, and GST 2.0 for economic growth.
The Economic Times Startups create 1.6 million jobs: DPIIT
Startups have generated over 1.6 million jobs across India, with the DPIIT recognising 1.57 lakh startups by December 25. The country boasts more than 73,000 startups with at least one woman director. India's vibrant ecosystem, driven by affordable internet and a young workforce, has produced over 100 unicorns and influenced global innovation.
The Economic Times N. Srinivasan resigns as CEO, MD of India Cements
India Cements announced on Wednesday that N. Srinivasan has resigned as CEO and MD. This follows the Competition Commission of India (CCI) approving UltraTech Cement's acquisition of a 55.5% stake in India Cements, making it a subsidiary of UltraTech effective December 24, 2024.
The Economic Times To fund expansion, Chinese electronics and auto companies like Xiaomi, SAIC and Haier in India tap reserves, loans
Some like Haier and Midea Group are using a mix of cash reserves and loans including external commercial borrowings (ECBs), while financials of Lenovo and Xiaomi showed an increase in their cash reserves and borrowings, indicating preparations for higher working capital needs for expanding operations.
The Economic Times India to drive global oil demand growth till 2035: IEA Report
India is predicted to lead global oil demand growth until 2035, adding nearly 2 million barrels per day. China’s oil demand for road transport is expected to decline due to electric vehicles. This shift may cause challenges for oil-producing nations, potentially leading to oversupply. The transport sector is also transforming, with declining oil demand for passenger cars projected by 2030.
The Economic Times Tax raids on Jaipur wedding planners reveal Crypto use, Rs 20 cr in cash & jewels seized
Income Tax officials in Jaipur uncovered cryptocurrency transactions during raids on wedding planners, seizing over ₹20 crore in cash and jewellery and freezing three crypto wallets. The planners allegedly converted cash from clients into cryptocurrencies like USDT and Bitcoin, using hawala networks to move unreported funds.
The Economic Times Tata Sons may infuse fresh funds into ecomm arm only by mid-2025
Tata Sons plans to infuse capital into its ecommerce business, Tata Digital, only by mid-2025, with a focus on internal funding and debt until then. The strategy emphasizes growth, better execution, and sustainable profitability, with BigBasket eyeing an IPO and significant growth in standalone revenues for FY24.
The Economic Times Hat are the GST compliance changes in 2025 that businesses should know
These updates include mandatory multi-factor authentication (MFA) for GST portal access, tighter restrictions on E-Way Bill (EWB) generation, and capped extension periods for EWBs.
