The Economic Times
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.
The Economic Times Jyotiraditya Scindia meets telecom equipment manufacturers to discuss boosting production
The Department of Telecommunications (DoT) has formed six advisory committees consisting of industry stakeholders. The minister routinely meets stakeholders of the committees to take an update of the sector.
The Economic Times India to simplify decades-old income tax filing rules in Budget
India plans to simplify income tax filing rules to make it less tedious for taxpayers and reduce disputes. The changes being discussed include using formulas and tables, and reducing additional forms. The revised legislation is expected to be released for public consultation around mid-January, with the final version coming in the February budget.
The Economic Times Run-up to Budget 2025: Expand tax deferment on ESOPs to boost start-ups
The 2020 tax deferment policy for ESOPs aims to address immediate tax liabilities and financial strain on startups. Despite its potential, applicability is limited to only 3,605 IMB-certified startups. NASSCOM recommends expanding eligibility to all DPIIT-recognized startups to attract talent and reduce employee attrition.
The Economic Times AI agents will revolutionise SaaS and productivity: Microsoft CEO Satya Nadella
Microsoft's Satya Nadella predicts that AI agents will revolutionise SaaS by automating business processes, creating a tier of multi-agent orchestration. He sees 2025 as a pivotal year for large language models. Nandan Nilekani highlights India's strength in AI application development, emphasizing the need for cost-effective AI solutions for large-scale use.
The Economic Times Indian economy expected to grow at 6.8 % in the next fiscal, FY2025-26: Bank of Baroda Report
It may be a subdued growth in the current financial year but the Indian economy is projected to grow by 6.8 per cent in the financial year 2025-26, supported by strong high-frequency indicators, according to a report by Bank of Baroda.
The Economic Times Ola Electric gets Sebi warning over expansion announcement online
According to the Sebi LODR (Listing Obligations and Disclosure Requirements) regulations, the listed entity should “first disclose to the stock exchange(s) all events or information that are material in terms of the provisions of this regulation as soon as reasonably possible.”