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The Economic Times
The Economic Times India’s GDP growth expected to slow to 6.4% in FY25, down from 8.2% last year: Government estimates
India’s GDP growth is forecasted to slow to 6.4% in FY 2024-25, down from 8.2% in the previous year, with the Reserve Bank of India predicting a 6.6% growth. Key sectors like agriculture, construction, and real estate are expected to expand, highlighting a tough economic landscape as the government prepares its fiscal strategy.
The Economic Times India to clock faster GDP growth for Oct-Dec, inflation easing: HSBC Research
India's GDP growth momentum has improved in the October-December quarter of the current financial year (FY25) and inflation has eased, according to an HSBC Research report released on Tuesday.
The Economic Times Signature Global appoints Sanjeev Kumar Sharma as CFO
A finance professional, Sanjeev Kumar Sharma has held key roles across various sectors, including manufacturing and banking, at leading organizations such as ICICI Bank, Apollo Tyres, BPTP Ltd., and JK Paper.
The Economic Times Alkem Laboratories faces ₹10.4 cr GST demand
Alkem Laboratories Ltd received an order from statutory authorities under the GST Act, 2017, demanding ₹5,21,52,038 in taxes, and ₹5,22,02,038 in penalties plus interest, for alleged excess availing of GST Input Tax Credit from 2017 to 2021. Alkem intends to contest the order.
The Economic Times Vodafone Idea faces ₹2.94 cr penalty under GST Act
Vodafone Idea Limited has received a penalty order under the Central Goods and Services Tax Act, 2017, confirming ₹2,94,07,225 due to alleged excess ITC availment for FY 2017-18. The company intends to challenge the order and pursue appropriate rectification actions while disclosing under SEBI regulations.
The Economic Times Microsoft announces $3 billion investment in India, to train 10 million in AI skills
This comes a day after Nadella met Prime Minister Narendra Modi in New Delhi to discuss tech innovation and AI, pledging support to position India as an AI-first nation. The tech major already has three data centre regions in the market and the fourth will be introduced in 2026. With this investment, the company aims to develop a scalable AI computing ecosystem.
The Economic Times Robust earnings growth to continue in healthcare sector in Q3FY25: Report
Pharma companies in India are expected to report healthy earnings growth in the just-concluded October-December quarter, averaging 19.4 per cent, as per a report by brokerage firm Motilal Oswal.
The Economic Times Indian rupee to get support at 85.5, in case of breach it may test 86.5 against US dollar: UBI
The Indian rupee opened strong on Tuesday morning as compared to the all-time low it tasted during the previous session. At the time of filing this report, the rupee traded at 85.75 against the US dollar, vis-a-vis an all-time low of 85.84.
The Economic Times L&T bags large orders in India, overseas
Larsen & Toubro's power transmission and distribution vertical has secured significant orders ranging between Rs 2,500 crore to Rs 5,000 crore both domestically and internationally. Notable projects include an advanced distribution management system in West Bengal, key substations in Saudi Arabia and Kuwait, and Extra-High Voltage substations in Dubai.
The Economic Times Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI
GTRI warns that reducing customs duty on smartphone parts in the forthcoming budget could harm India's growing component ecosystem, discourage investment, and increase imports. This could make local firms uncompetitive, potentially leading to job losses and undermining India's self-reliance goals in electronics production.
The Economic Times Retail inflation likely to moderate to 5% in Dec from 5.5% in Nov: Bank of Baroda
India's CPI inflation may moderate to 5% in December 2024 from 5.5% in November due to sharp declines in vegetable prices, particularly tomatoes, onions, and potatoes, driven by improved mandi arrivals. Favorable global factors and stable edible oil prices further support this trend. However, potential inflationary pressures from domestic currency depreciation need monitoring.
The Economic Times CarDekho eyes $1 billion revenue in next 3 years; to over-invest in AI, says CFO Neelesh Talathi
What's CarDekho Group's revenue growth projection in the years to come? How will it leverage AI? Will it pursue more acquisitions? What's the IPO timeline? CFO Neelesh Talathi answers these questions, sharing insights on the company's plans, investments, and governance strategy.
The Economic Times RBI consolidates instructions on credit information of customers
The RBI has issued a master direction consolidating instructions for banks and financial institutions on credit information reporting. Credit Information Companies must alert customers when their Credit Information Report is accessed. Credit Institutions must inform customers of reasons for data correction requests rejection. Complainants are entitled to compensation if complaints are unresolved within thirty days.
The Economic Times India's metal & mining industry is a bright spot when global market is struggling with stagnant commodity volumes
Indian metal and mining companies are emerging as a bright spot in a global market that is struggling with stagnant commodity volumes, according to a report by Jefferies.
The Economic Times Mercedes-Benz India appoints Emrah Ozer as CFO
Ozer will replace Evren Cakabey, who has taken on the role of Executive Director and CFO at Mercedes-Benz G GmbH in Austria, also effective January 1, 2025, the company stated.
