The Economic Times
The Economic Times GSTAT bench rollout will clear backlog and ease judicial pressure, say experts
Experts have applauded the government's move to operationalise GSTAT benches, highlighting improved accessibility and reduced backlog, but urge swift implementation to resolve ongoing disputes and avoid further judicial pressure.
The Economic Times Edelweiss Financial makes Rs 175-cr exit from Paradigm Realty Andheri project
Paradigm Realty repaid a Rs 175 crore debt to Edelweiss Financial Services two quarters early, facilitated by strong sales and refinancing at under 13% interest. The funds were used for the 102 Downtown project in Mumbai's Oshiwara locality, a joint venture with Prozone Realty. Edelweiss achieved an 18-19% IRR on the investment.
The Economic Times JSW One expands private brand portfolio with the launch of JSW One Concrete
JSW One Platforms has launched JSW One Concrete, a ready-mix concrete solution, in the Mumbai Metropolitan Region. Leveraging the JSW Group's resources, the product emphasizes quality and timely delivery. The company plans to expand to the top 20 RMC markets by FY 2027, aiming to capture a significant share of the Indian market and address the construction sector's growing needs.
The Economic Times Ecofy partners with SWELECT Energy for rooftop solar adoption
Ecofy and SWELECT join forces to boost rooftop solar in South India., which shall support the PM Surya Ghar initiative. The collaboration leverages Ecofy's lending platform and SWELECT's market presence.
The Economic Times With cost pressures mounting, 91% of Indian firms plan finance budget reductions: EY
The cost pressures have emerged as the top concern for Indian companies, as 91 per cent companies are planning to reduce their tax and finance budgets, reflecting the impact of financial strain on corporate operations, said EY report.
The Economic Times SoftBank moves to boost stake in OpenAI by $1.5 bn
ChatGPT creator OpenAI will allow its employees to sell shares worth roughly $1.5 billion to Japanese tech investor SoftBank, CNBC reported on Wednesday. The purchases in a tender offer will allow SoftBank to increase its stake in OpenAI and permit current and former OpenAI employees to cash out their shares, two anonymous sources told the US media outlet.
The Economic Times SoftBank's Masayoshi Son to meet PM Modi, portfolio executives on India visit
SoftBank CEO Masayoshi Son's India visit includes meetings with PM Modi and Mukesh Ambani, highlighting India's importance. Son's trip follows SoftBank's strong earnings, boosted by Indian IPOs like FirstCry and Ola Electric. SoftBank anticipates more Indian IPOs, with OfBusiness expected next year, solidifying India as a top-performing market.
The Economic Times Lumax Auto Technologies acquires 60% stake in Greenfuel Energy Solutions for alternate fuel business
Lumax Auto Technologies expands into green fuels with Greenfuel acquisition. The deal, worth INR 153.09 crores, gives Lumax a majority stake in Greenfuel's CNG and hydrogen fuel systems business. This move positions Lumax for growth in the expanding alternative fuels market. Greenfuel supplies major automakers like Maruti Suzuki and Tata Motors.
The Economic Times Emerging markets, caught between economic giants, face tough 2025, JPMorgan says
JPMorgan predicts a challenging 2025 for emerging markets due to U.S. policy shifts and uncertain China growth. Slower growth, significant bond fund outflows, and a stronger dollar are anticipated, impacting emerging market fixed income returns. Emerging markets face choppy waters but are battle-hardened.
The Economic Times India's commercial vehicle makers see sales back on road to recovery in 2nd half
India's truck and bus makers have projected a sales recovery. Freight movement is improving. Construction and mining are resuming. Government infrastructure projects are restarting. Kilometre usage by commercial vehicles is picking up. Sales rose in October. The festive season boosted consumer sentiment.
The Economic Times Stock market update: Stocks that hit 52-week lows on NSE
Cipla, ONGC, UltraTech Cem., Britannia and Bharti Airtel were among the top losers on NSE.
The Economic Times Adani Bribery Charges: Former AG Mukul Rohatgi speaks about Gautam Adani's US Indictment; refers to two Counts to clear air
Mukul Rohatgi clarified Adani and his nephew are not charged with bribery or obstruction of justice. The US indictment mentions them in five counts. However, the key counts do not include their names. The charges lack specifics about who was bribed. Adani Group refuted bribery charges against its executives. The executives face charges related to securities and wire fraud.
The Economic Times Renewable shift in north and south to alter power flow, ₹8.2 trillion needed
The report highlights that doubling the pace of annual transmission additions is essential to meet targets for renewable energy integration and rising power demand.
The Economic Times CCI clears Google’s $350 million funding in Flipkart, Temasek’s investment in Rebel Foods
Google's $350 million investment in Flipkart is part of a nearly $1 billion funding round that valued the Indian e-commerce giant at $35-36 billion. Temasek’s deal, a mix of primary and secondary share sales, comes at a nearly flat valuation compared to its previous round about three years ago.
The Economic Times Switch Mobility partners with Vertelo to accelerate EV adoption in India
The partnership addresses the financial barriers to EV adoption by offering leasing options. This allows businesses to transition to electric fleets without significant upfront investment. The goal is to make electric mobility a practical and affordable choice.