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The Economic Times
The Economic Times Tax all new technology batteries uniformly at 5% GST: IESA
India Energy Storage Alliance wants all battery technologies to have a uniform GST of 5% like electric vehicles to support the sector. President Debi Prasad Dash suggests government aid to domestic battery component manufacturers. Imports of lithium-ion cells have increased, and the PLI scheme was introduced to support Indian manufacturers. Further steps for industry protection are advised.
The Economic Times Big relief for GST taxpayers with multiple GST show cause notices running in multiple districts in Kerala
Goods and services tax notice: Now taxpayers get relief from multiple GST notices pertaining to similar issue as these multiple notices will now be heard by a common adjudicating authority. Experts say, "This would lead to a consistency in the adjudication process, with a possibility of different adjudicating authorities taking different views is eliminated." Read below to find out the details.
The Economic Times India Inc to hike salaries by 8-9% in FY26, predicts TeamLease CFO; sees attrition rising after recovery
Ramani Dathi, CFO of TeamLease, expects the Indian job market to recover in the next couple of quarters. She urges India Inc to reassess compensation policies to address rising attrition and employee dissatisfaction.
The Economic Times Man Industries CFO Sanjay Agarwal resigns
Man Industries' CFO Sanjay Kumar Agrawal has resigned, effective January 8, 2025, citing personal reasons.
The Economic Times 170 million new jobs will be created, 92 million will be displaced by 2030: Report
The report, released days before the WEF Annual Meeting in Davos from January 20-25, said that job disruption will equate to 22 per cent of jobs by 2030.
The Economic Times Consumer goods space to see muted growth in 3QFY25: Report
Growth in the consumer goods space for October-December 2024 is expected to be muted due to sluggish urban demand, gradual rural recovery, and price hikes across product categories. Urban consumption slowed owing to elevated inflation and lower job opportunities, whereas rural growth outpaced urban growth. High commodity prices affected gross margins, with operating profit margins anticipated to be lower year-on-year.
The Economic Times Adani Group to develop logistics park in Ernakulam; Flipkart facility to be up by December
Adani Group is investing Rs 500 crore in a logistics park in Ernakulam, Kerala. This will create hundreds of new jobs. Flipkart will set up its facility by December. The Group is also investing in Vizhinjam port and Thiruvananthapuram airport, boosting investment in Kerala and generating employment opportunities.
The Economic Times FPI cautious on Indian market until further clarity on Q3 results
Foreign portfolio investors remain cautious on Indian equities in light of uncertainty around Q3 FY25 earnings recovery and fair market valuations, despite strong domestic institutional investor support. The Indian rupee's depreciation and global factors are contributing to market volatility.
The Economic Times Apple Inc. supplier Foxconn & Dixon urge India to pay pending production subsidies
Foxconn and Dixon Technologies are requesting subsidies from India’s production-linked incentive program, claiming they are eligible for unallocated funds. The government pledged 410 billion rupees in subsidies, but some companies didn’t meet production targets, leaving funds unclaimed. Foxconn and Dixon, exceeding their production caps, argue they should receive a share.
The Economic Times Kerala startup to launch India's first eco-friendly compostable water bottles
A Kerala startup, under Kerala Irrigation Infrastructure Development Corporation Ltd, will soon launch eco-friendly organic water bottles branded 'Hilly Aqua.' Kerala CM Pinarayi Vijayan will unveil the product in mid-January. The project, backed by Minister Roshy Augustine and developed by Green Bio Products, aims to replace plastic bottles.
The Economic Times India's steel demand poised to grow 9 per cent in 2025 amid global slump: Report
Steel demand in India will continue to outpace other major steel-consuming economies in calendar year 2025 with a growth of 8-9 per cent, driven by a shift towards steel-intensive construction in the housing and infrastructure sectors along with better demand from engineering, packaging and other segments, according to rating agency CRISIL's report on Wednesday.
The Economic Times Narmada Gelatines CFO Mahesh Verma resigns citing dissatisfaction with compensation
Narmada Gelatines CFO Mahesh Verma resigned, citing dissatisfaction with his compensation. The company has not yet announced plans for appointing a new CFO.
The Economic Times Tata Elxsi, CSIR-NAL partner for advanced air mobility solutions
This partnership will accelerate product development cycles for these sectors by providing access to advanced testing infrastructure, methodologies, and expertise, Tata Elxsi said.
The Economic Times Finmin appoints SBI Chairman C S Setty, Uday Kotak as governing council members of NIIF Trustee
Two new members have joined the Governing Council of NIIF Trustee Ltd. SBI Chairman C S Setty replaces Dinesh Khara, and Uday Kotak takes over from T V Mohandas Pai. They join under the approval of Finance Minister Nirmala Sitharaman. Established in 2015, NIIF aims to boost infrastructure financing with a Rs 40,000-crore fund for various projects.
The Economic Times MeitY ties up with IITs for skill development to boost semiconductor sector
The Ministry of Electronics & Information Technology is focusing on training and skill development for India's growing semiconductor sector. MeitY is partnering with institutions like IITs to enhance skills in semiconductor manufacturing. The government has approved five projects under the India Semiconductor Mission to promote domestic production and develop a strong semiconductor ecosystem.
