The Economic Times
The Economic Times CCI's probe into Google's RMG policies: Unlocking the next frontier of digital economy growth
"There is no contention that Google holds a dominant position across key segments of the digital economy and in exercising discretion on what applications become part of the Pilot and which don’t, it became a gatekeeper for a large segment of the RMG sector. Activities that flowed out of this Pilot have denied market entry to RMG companies, increased their cost against the backdrop of manifold increase in GST, imposed survival risk to other RMG players, and stifled innovation."
The Economic Times Puravankara Limited appoints Deepak Rastogi as Group CFO
The company has also promoted Neeraj Gautam, formerly President – Finance, to the position of Deputy CFO.
The Economic Times Samsung forecasts Q4 earnings to fall well short of expectations
South Korea's Samsung Electronics said on Wednesday it expected fourth-quarter profits to be sharply down compared with the previous quarter, falling short of expectations as the company struggled to meet robust demand for chips used in artificial intelligence servers. Sales were seen increasing 10.7 percent on-year to approximately 75 trillion won, also down 5.2 percent compared with the previous quarter.
The Economic Times Per capita nominal GDP in FY25 to grow by Rs 35,000 more than FY23: Economists
Despite a slowdown in real GDP growth, per capita nominal GDP in India is expected to increase significantly in FY25, by at least Rs 35,000 more than FY23, economists have said.
The Economic Times India IPO volumes likely to double from 2024 levels: Goldman Sachs' Iain Drayton
Pace at which PEs are leaning into India, Japan and ANZ is striking, said top Asian dealmaker. Global capital according to him is truly diversifying in the region as new opportunities spring up across the region. Beijing’s recent fiscal stimulus to spur domestic growth and demand may have opened up a window of opportunity not seen in the last few years.
The Economic Times India's fiscal deficit seen rising to 4.98% if economic growth slips
India’s fiscal deficit calculations for FY25 might be impacted by a lower-than-expected economic growth forecast of 9.6%. Lower nominal GDP could result in a slight increase in the fiscal deficit ratio to 4.98%. However, higher-than-budgeted tax collections and reduced capital expenditures might help achieve a lower fiscal deficit of 4.65%.
The Economic Times Temasek noses ahead in Haldiram race, Alpha Wave still in fray
Temasek is negotiating to acquire a minority stake in Haldiram Snacks Food for over $1 billion after Bain Capital opted out. Alpha Wave Global is also competing. Blackstone's offer includes conditions resisted by Haldiram's promoters. A decision is expected by the end of the month. Haldiram's family may choose one or two investors.
The Economic Times New RBI chief faces calls to unshackle rupee amid surging dollar
India's new central bank governor, Sanjay Malhotra, faces the challenge of managing the rupee's exchange rate amid pressure for more flexibility. Former Governor Shaktikanta Das's tenure focused on reducing volatility, but critics argue this hurt export competitiveness. The rupee is nearing record lows as the dollar strengthens and the trade deficit widens.
The Economic Times Personal Data Privacy Ltd: DPDP Act institutionalises data breach as much as it protects data in some cases
India's Digital Personal Data Protection (DPDP) Act provides necessary data protections but fails to prevent state privacy breaches. The Act allows broad exceptions for state and employer data processing, raising concerns of accountability and potential misuse while attempting to balance privacy with security needs.
The Economic Times India Inc wakes up to stern default rule
A new rule by SEBI mandates that any delay in a single rupee's payment categorizes a company as a defaulter, impacting their credit rating temporarily. Even operational technicalities unrelated to financial instability can lead to volatile market reactions and necessitate rigorous compliance measures to avoid such downgrades.
The Economic Times Bulls back in China cos’ India shop: Firms from neighbouring country see robust sales growth despite tighter scrutiny
Chinese companies like Midea, Haier, Xiaomi, Lenovo, and BYD are seeing strong revenue growth in India. Consumers prefer their products because they are priced competitively and offer more features. The perception of Chinese product quality has improved over the past decade. Brands like Haier, Midea, and Lenovo report increased sales in recent periods.
The Economic Times IT and Pharma sector poised for growth, cement faces downgrades: Ajay Bagga
In a strong market, it would not have made that big an impact as we saw. And finally, when the secondary market numbers came out, domestics were buying nearly 2x the selling by the FIIs. So, clearly, it was a question of domestic investors also selling out while institutions were buying, so that is showing the skittish nature of the market.
The Economic Times Hospitality industry revenues to grow by 6-8% in FY26: ICRA
ICRA projects a 7-9% revenue growth for the Indian hospitality industry in FY2025 and 6-8% in FY2026, driven by rising ARR and sustained demand from domestic tourism, business travel, and MICE events. Premium hotel ARRs are expected to reach Rs 8,400 by FY2026. Supply growth will lag demand, supporting an industry upcycle.
The Economic Times Small packs amid big bills: Indians reshape shopping habits as inflation hits budget
Due to rising prices of groceries and household essentials, Indian consumers are opting for smaller packs of products, impacting volume growth in the FMCG sector. Companies like HUL and Nestle have raised prices, leading to 'shrinkflation' and challenges in maintaining affordability and consumer loyalty.
The Economic Times Finmin to hold meeting with MFI players on Wed
The Finance Ministry will meet with MFIs to address rising stress and delinquencies in the microfinance sector. Credit deceleration, increasing stressed assets, and borrower indebtedness have been highlighted in the RBI's latest report, with notable increases in loans from multiple lenders and average ticket sizes.