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The Economic Times
The Economic Times Ecommerce pushes quick commerce as Amazon tests Tez, Flipkart boosts Minutes
In 2025, ecommerce giants like Amazon and Flipkart are intensifying their efforts in the quick commerce market. Amazon is piloting its Tez service in Bengaluru, while Flipkart's Minutes is expanding rapidly, covering around 150 dark stores and adding high-value items. The entry of these major players highlights robust competition and potential growth opportunities in the quick commerce sector.
The Economic Times Quick commerce driving blue-collar employment; India to see demand for 2.4 mn jobs by 2027
India will need 2.4 million blue-collar workers by 2027 due to the rapid growth of the quick commerce industry, which is driving demand for delivery drivers, warehouse associates, and other roles. The average monthly base salary for these jobs is about Rs 22,600, with opportunities for increased earnings during peak seasons.
The Economic Times Dunzo cofounder Kabeer Biswas joins Flipkart to lead quick commerce biz
Kabeer Biswas is leaving cash-strapped Dunzo, backed by Reliance Retail, after more than a year of grappling with funding issues. Biswas will closely work with Flipkart senior vice-president Hemant Badri for Minutes.
The Economic Times Managing fiscal deficit: Can Budget 2025 balance growth and prudence?
India Budget 2025: With growth lagging and inflation unpredictable, the upcoming FY2026 Union Budget must support fiscal stability while adhering to a sub-4.5% fiscal deficit target. The government should frontload capex, particularly in roads and railways, and implement measures to support MSMEs and employment-linked incentives.
The Economic Times Indigenously manufactured vehicles to reach Lebanon for use by Indian contingent in UNIFIL
India is sending 62 locally made vehicles to Lebanon for its troops in the United Nations Interim Force in Lebanon. This includes troop carriers, utility vehicles, ambulances, and recovery vehicles. This move promotes India's self-reliance in defence and highlights its capabilities in international peacekeeping efforts, showcasing India's support for indigenous innovation in the defence sector.
The Economic Times Outlook 2025: India Inc CFOs to allocate major IT budgets to Cloud, AI, cybersecurity and automation
India Inc's IT spending is poised for significant growth in 2025, with CFOs prioritising cloud computing, AI, automation, cybersecurity, and sustainability, driving digital transformation and operational efficiency across sectors.
The Economic Times CCL Products CFO V. Lakshmi Narayana resigns, Chaithanya Agasthyaraju appointed as successor
CCL Products has announced the resignation of CFO V. Lakshmi Narayana, effective February 6, 2025, and appointed Chaithanya Agasthyaraju as the new CFO, starting February 7, 2025, following Narayana’s departure.
The Economic Times India will have an average growth of above 7 pc in subsequent four quarters: Franklin Templeton
Despite the recent challenges and lower-than-expected growth of 5.4 per cent in Q2FY25, the subsequent four quarters growth is expected to remain on an average of over 7 per cent, says the annual outlook of India by Franklin Templeton.
The Economic Times Mid-tier businesses turn to private credit funds amid slowed bank lending
Mid-tier manufacturing or process-based companies including Himadri Speciality Chemical, Ramco Group, and Gharda Chemicals are increasingly turning to private credit funds for financing due to slowed bank credit and tepid growth in mutual funds. These funds offer quick access to capital for expansion and acquisitions despite stringent terms.
The Economic Times KredX receives TReDS licence from RBI; eyes $2 billion disbursals in next fiscal
The company plans to launch commercial operations in a few weeks, Anurag Jain, its Founder and Executive Director, said.
The Economic Times Tuhin Kanta Pandey appointed as Revenue Secretary; Arunish Chawla named as DIPAM Secretary
The Appointments Committee of the Cabinet has appointed Tuhin Kanta Pandey as Revenue Secretary while retaining his designation as Finance Secretary. Arunish Chawla will now lead DIPAM and hold additional charges of the Department of Public Enterprises and Ministry of Culture until further orders.
The Economic Times Indian companies sought $2.8 billion in ECBs in Nov: RBI Data
Four borrowers, Reliance Industries, Bajaj Finance, InterGlobe Aviation and REC registered to borrow $1.4 billion from the approval route with Reliance alone seeking to borrow $1 billion.
The Economic Times Zero-touch operations: Super 'AI'way to fast-track business
According to data from National Payments Corporation of India, UPI processed Rs 23.49 lakh crores across 16.58 billion financial transactions in October 2024. This marks a 45% on-year growth from 11.4 billion transactions a year ago. UPI now has 632 banks connected to its platform and dominates India’s payments landscape.
The Economic Times India's mobile phone production capacity: Unutilised potential amidst declining demand
As much as half of the mobile phone manufacturing capacity in India is unutilised or repurposed due to weak demand globally and domestically. Larger manufacturers are coping better, but smaller players are shifting to other products. Low demand for feature phones and entry-level smartphones is a major contributor.
The Economic Times Budget 2025 can position India as the world’s China Plus One hub with manufacturing prowess
Manufacturing Industry Budget 2025: India's ambition to emerge as a global manufacturing powerhouse has spotlighted diverse sectors, including medicinal plants, handicrafts, leather and footwear, gems and jewelry, and even the space industry. At the same time, the implementation of the four labor codes across states plays a pivotal role in boosting the industry's competitiveness and drawing investments.
