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The Economic Times
The Economic Times India’s services PMI rises to 59.3 in December, marking strongest growth in four months
India’s Services PMI in December accelerated to 59.3 from 58.4 in the previous month, revealed data from S&P Global. According to the HSBC Services PMI report, the services sector experienced reduced inflation compared to November, while robust business activity reached a four-month high, signaling strong expansion for businesses.
The Economic Times Govt working on strategy to push exports: Goyal
He said the ministry is working in a "very" targeted manner to take the exports to $2 trillion by 2030 by addressing concerns of exporters and identifying areas of India's competitive advantages and strengths.
The Economic Times Post-Adani exit, Wilmar to emulate ITC; leverage cash-cow oil business to expand FMCG portfolio
Adani Wilmar Ltd (AWL) is leveraging its dominant edible oil business to drive growth in its high-margin FMCG portfolio following the Adani Group's exit. With a 24% FMCG business growth in volume and a strong distribution network, AWL plans to introduce more global brands into the Indian market.
The Economic Times ITC demerger: Stock exchanges to hold special session today to set ITC Hotels share price
While ITC Hotels shares will not get listed today, bourses will create a dummy ticker and include it as the 51st Nifty stock and 31st Sensex stock till the actual listing happens in the next few weeks. Until then, you can't buy or sell ITC Hotels shares.
The Economic Times Tata Sons ends debt support for new businesses, focus on independent financing
Tata Sons has instructed its group companies to manage their own debts without relying on cross-default clauses or letters of comfort. Future funding for new ventures will come from equity investments and internal accruals. Banks are confident in extending credit due to the financial stability and equity stakes held by Tata Sons in these companies.
The Economic Times Outlook 2025: CFOs list ESG, Tech integration, and cost optimisation as top priorities
India Inc's CFOs list ESG integration, AI-driven digital transformation, cost optimisation, and risk management as their priorities to go about the uncertainties to come. Another focus area is talent development and strategic capital allocation, CFOs aim to balance resilience and growth, leveraging advanced technologies and sustainable practices to ensure long-term value creation.
The Economic Times Union Budget 2025: Experts eye fiscal consolidation, MSME credit reforms
Speaking at the inaugural episode of ETBFSI’s Budget Series, BFSI leaders discussed fiscal prudence, tax reforms to boost consumption, and targeted support for MSMEs.Expectations include easing credit access for NBFCs, enhancing labour force participation, and prioritising investments in human capital to achieve the ‘Viksit Bharat’ vision.
The Economic Times Britannia Industries faces ₹2.5 cr tax demand
Britannia Industries Limited has received an order from CGST Kamla Nagar Division disallowing transactional credits, resulting in a total demand of ₹2,53,68,317/-. The order, received on January 3, 2025, includes tax, interest, and penalty. Britannia plans to challenge the order through appropriate legal remedies.
The Economic Times Gaming companies move SC for interim relief from taxman
Gaming firms are seeking Supreme Court intervention against retroactive GST demands, which could lead to hefty tax burdens exceeding their earnings. They challenge the imposition of GST on the entire betting pool for past years, fearing a potential industry collapse if interim relief isn't granted.
The Economic Times Government should lower GST on cement at 18%: Arun Shukla, President, JK Lakshmi Cement
Arun Shukla, President and Director of JK Lakshmi Cement, said there is a case to increase cement manufacturing capacity in India to meet the rising demand, which is expected to grow at an average annual rate of 7-8 per cent.
The Economic Times GST Amnesty scheme waiver of interest and penalty: Step by step guide for eligible taxpayers to apply using GST SPL-02 form
GST Amnesty 2024: GSTN in an new advisory said now GST SPL-02 form has been made available on the GST portal. GST SPL-02 form can be used to apply for GST Amnesty Scheme waiver of interest and penalty. Read below to find out how to apply for GST Amnesty Scheme.
The Economic Times Godavari Biorefineries faces ₹93 cr GST demand
Godavari Biorefineries Limited has received a notice for non-payment of GST on Extra Neutral Alcohol for the period from July 2017 to March 2021. The authority has demanded ₹ 46.84 crore as GST and an equal amount as a penalty. The company is evaluating the demand and may challenge it before an appropriate authority.
The Economic Times Women-led startup funding in India increases to $930 million in 2024
The Indian startup ecosystem has seen major changes in the last few years and there has been an unprecedented rise in the participation of women entrepreneurs as the funding of female-led startups increased by over 90 per cent in 2024.
The Economic Times India readies Rs 25,000 cr boost for its electronics components industry
The finance ministry has approved an incentive scheme worth nearly $3 billion aimed at boosting domestic manufacturing of electronics components. The scheme is expected to increase local production of components and subassemblies, with a goal of significantly reducing import dependency and enhancing local value addition to 35-40% within its tenure.
The Economic Times Indians' consumption of pulses, cereals declines by 5 pc as spending pattern shifts: SBI Report
Indian households have significantly altered their spending patterns over the past 12 years, shifting focus from food to non-food items, according to an analysis by the State Bank of India (SBI).
