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The Economic Times
The Economic Times Most India Inc CXOs see generative AI transforming businesses majorly in 2025
This technological leap will be instrumental in driving operational efficiency, fostering innovation, and addressing workforce transformation challenges.
The Economic Times Wrap 2024: CFOs highlight growth, record FDI, and challenges of falling rupee, inflation
CFOs from India Inc reflect on 2024 as a year of resilience and growth, marked by record FDI inflows, technological advancements, and sustainability efforts. However, challenges such as geopolitical volatility, inflation, supply chain disruptions, and regulatory shifts tested their strategic leadership and financial agility.
The Economic Times Centre appoints Arunish Chawla as revenue secretary
Senior IAS officer Arunish Chawla, of the Bihar cadre's 1992 batch, is appointed revenue secretary, filling the vacancy created by Sanjay Malhotra's new role as RBI governor. Several other bureaucratic appointments were made, including Vineet Joshi as higher education secretary and Neelam Shammi Rao as textiles secretary.
The Economic Times The world of business lost these eminent people in 2024
In 2024, India mourned the loss of several renowned personalities including corporate leader Ratan Tata, banker Narayanan Vaghul, media tycoon Ramoji Rao, economist Bibek Debroy, historian Amiya Kumar Bagchi and entrepreneur Shashi Ruia, all of whom made significant contributions to their respective fields and greatly impacted India's growth and development.
The Economic Times India unincorporated club swells 12.7%
The number of unincorporated enterprises in India increased by 12.7% year-on-year to 73.4 million between October 2023 and September 2024, with women ownership of businesses rising. These enterprises created 10% more jobs, generating a gross value added of ₹18 lakh crore, as reported by a government survey.
The Economic Times Employee compensation up 13%
Average annual employee compensation at unincorporated enterprises in India rose 13% to ₹1.4 lakh per head for the period October 2023-September 2024. Compensation growth varied across sectors, with manufacturing seeing the highest increase at 16.1%, followed by trade at 14%, and services at 10.4%.
The Economic Times CEO suites see slow traffic at exit gate
India Inc observed a decline in the turnover of top executives in 2024, with 117 managing directors or chief executive officers exiting positions across 2,528 NSE-listed companies. This downtrend reflects the broader industry slowdown and moderated post-pandemic boom, with a notable decline in demand and business activity across various sectors.
The Economic Times PM Modi seeks expert insights from top economists ahead of Union Budget
Prime Minister Narendra Modi met with a group of eminent economists and thought leaders on Tuesday to discuss preparations for the Union Budget 2025-26 at NITI Aayog. The meeting focused on "Maintaining India's growth momentum amid global uncertainty." Modi emphasized the need for a mindset shift to achieve a developed India by 2047.
The Economic Times Ghosts of Christmas past? GoI’s repeated actions seem bent on violating a basic tenet of taxation: simplicity
The nuances of direct and indirect taxes, their impact on consumers, and the complexity of GST rates are discussed in this article. It argues for tax simplification, explains the implications of high 'sin goods' taxes, and examines how corporate taxes ultimately affect export competitiveness and consumer prices.
The Economic Times RBI spent $44.5 billion to defend rupee in October
In October, the RBI intervened heavily in forward and spot currency markets with $44.5 billion to support the rupee. Despite significant foreign portfolio outflows and a rise in the US dollar, the rupee stabilized, demonstrating the central bank's effective measures in mitigating currency devaluation and minimizing liquidity impact.
The Economic Times Easing inflation kindles February rate cut hopes
The Indian economy is showing recovery signs in Q3 FY 2024-25 with an expected growth of 6.7% in the next fiscal year and inflation averaging 3.8%. This provides room for possible rate cuts by the RBI, driven by strong festival activity, rural demand, and improved employment.
The Economic Times Top hotels offering year-end staycation packages with several deals
Top hotels in major Indian cities like Mumbai, Bengaluru, and New Delhi are offering all-inclusive staycation packages for the year-end, featuring unlimited food and beverages, late check-outs, and spa services. Hotels such as Four Seasons, The Leela Palace, The Taj Mahal, and Sheraton Grand are experiencing healthy bookings and have planned special events and culinary experiences for New Year's Eve.
The Economic Times You have to shell out more for cakes, chocolates & more this Christmas
Consumers face a 5-20% price increase for Christmas items like cakes, chocolates, and dinners. This is due to record-high prices of cocoa and other commodities. Companies like Starbucks, Theobroma, and Barista have all raised their prices. Businesses are trying to balance costs, but festive season prices are impacted by inflation.
The Economic Times After festive spending rush, credit cards back in wallet
Credit card spending in India decreased by over 16% to ₹1.70 lakh crore in November from October's high of ₹2.02 lakh crore, reflecting post-festive season consumer sentiment. Axis Bank experienced the largest drop, with a nearly 24% decline in spending.
The Economic Times Popcorn, in loose form, sold in movie theatres to attract 5% GST
Popcorn sold in loose form in movie theatres will continue to attract a GST rate of 5 per cent. If popcorn is sold together with a movie ticket, it will be taxed at the rate applicable to the ticket. Popcorn mixed with salt and spices is classified as namkeen and also attracts a 5 per cent tax.
