The Economic Times
The Economic Times Rupee slips to record low but avoids sharp losses on cenbank intervention
Dollar demand from oil companies and foreign banks, likely on behalf of custodial clients, kept the rupee under pressure, a salesperson at a foreign bank said.
The Economic Times Godfrey Phillips India appoints Vishal Dhariwal as CFO
Vishal Dhariwal shall assume role from March 1, 2025. This transition follows the current CFO, Sunil Agrawal, moving to an advisory role focused on strategic and business matters. Agrawal will remain part of the senior management team.
The Economic Times Investors see safety in India as Trump win casts shadow on emerging markets
Global investors are finding refuge in India's financial markets amidst uncertainty surrounding Donald Trump's economic policies. India's strong economic growth, limited exposure to U.S. and Chinese consumer markets, and a stable currency make it an attractive investment destination.
The Economic Times RBI issues framework for reclassification of FPI to FDI
The Reserve Bank of India (RBI) has introduced a new framework that allows foreign portfolio investors (FPIs) to reclassify their investments as foreign direct investment (FDI) if their holdings exceed the prescribed limit. This move provides FPIs with an alternative to divesting their shares and requires them to obtain necessary approvals and comply with reporting guidelines.
The Economic Times Trump's return will boost IT hiring, GCC expansion and FDI in India, but tariffs a concern, say CFOs
Industry leaders highlight opportunities such as increased IT hiring, expansion of Global Capability Centers (GCCs), and a rise in FDI, while acknowledging challenges like trade protectionism and visa restrictions. Corporate tax cuts are also expected to drive job creation and economic growth.
The Economic Times Trump's return likely to bolster India's textile trade with US: Industry
The Confederation of Indian Textile Industry (CITI) on Monday said the return of Donald Trump as the next US President will bolster India's textile and apparel trade with its largest international market.
The Economic Times Vedanta Group plans to invest USD 500 mn in AvanStrate Inc
Vedanta Ltd., a metals and mining company, announced a planned investment of nearly USD 500 million in its display glass unit, AvanStrate Inc. The investment aims to bolster ASI's research, development, and manufacturing capabilities to meet the increasing global demand for advanced display glass solutions.
The Economic Times India to witness transformative changes by 2030 as it becomes world's 3rd largest economy
India's profound economic transformation in the last decade has been fuelled by a series of landmark reforms and innovative initiatives.
The Economic Times RPL case: SC dismisses SEBI’s appeal against Mukesh Ambani’s Reliance
The Supreme Court on Monday rejected SEBI's appeal against a Securities Appellate Tribunal ruling that had overturned SEBI's 2021 order against Reliance Industries, Mukesh Ambani, and the Navi Mumbai and Mumbai SEZs.
The Economic Times India moving towards gas-based economy from import dependent crude based economy: Hardeep Puri
Union Minister Hardeep Singh Puri on Monday highlighted that India is moving towards a gas based economy from the crude based economy for its energy requirements.
The Economic Times Singapore Airlines to invest additional Rs 3,195 cr in Air India post-Vistara merger
Singapore Airlines (SIA) will invest an additional Rs 3,194.5 crore in Tata Group-owned Air India following the merger of Vistara, which is set to be completed by November 11, 2024. SIA will hold a 25.1% stake in the enlarged Air India. The investment includes SIA’s 49% stake in Vistara and Rs 2,058.5 crore in cash.
The Economic Times Flender to invest in the Indian market to boost domestic manufacturing
The company operates three production sites in Kharagpur (Kolkata), Chennai and Walajabad in Kancheepuram district, Tamil Nadu, to meet both local and global demand for wind turbine drive gearboxes.
The Economic Times Premiumisation holds its ground amid inflation spike across Indian consumer market
Despite the persistent inflation and sluggish demand, several leading FMCG and retail brands are doubling down on their premiumization strategies, reshaping their approach to appeal to discerning customers.
The Economic Times Why India Isn't Nervous About Donald Trump's Return? EAM Jaishankar Explains
S Jaishankar said while a lot of countries are nervous about the US, following the return of Donald Trump as President, India is not one among them.
The Economic Times India Inc earnings downgrades worst since 2020. Are we staring at a bear market?
Indian companies are facing their most significant earnings downgrades since the start of the COVID-19 pandemic in 2020, causing concern among investors. Factors like heavy rains, reduced government spending, and slowing demand in sectors like FMCG and retail have contributed to this trend.