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The Economic Times
The Economic Times GDP likely to grow 6.2 pc in Q2: Barclays
India's economic growth is projected to slow to 6.2% in the second quarter of 2024-25, due to a high base effect and heavy rainfall, as per Barclays' estimates. While government spending and rural consumption are picking up, urban demand and private investment remain weak. Barclays has revised its GDP forecast for 2024-25 to 6.8% from 7% earlier, expecting a recovery in the second half of the year.
The Economic Times Amnesty Scheme for Customs, easier tax compliance on India Inc's Budget wishlist
Indian industry bodies have submitted their wishlist for the upcoming budget, calling for an amnesty scheme for customs, tax cuts for individuals and LLPs, and streamlined tax compliance processes. They also urged the government to expedite faceless appeals, establish a dedicated dispute resolution system, and boost infrastructure spending.
The Economic Times Q2 results: About 44% of companies miss PAT expectations; Urban demand slows across sectors
The Q2FY25 earnings season has raised investor concerns, with 44% of companies missing Profit After Tax (PAT) expectations, reflecting slowing urban demand and rising costs across key sectors like FMCG, retail, and banking.
The Economic Times Metropolis Healthcare appoints Aditya Shinde as Interim CFO
This move follows the resignation of Rakesh Agarwal, the former CFO, who stepped down in October after a five-year tenure. Shinde will serve in the role until a permanent CFO is appointed.
The Economic Times Jeevan Scientific Technology CFO Jeevan Krishna Kuchipudi resigns, G Siva Nageswara Rao takes over
In light of Jeevan Krishna Kuchipudi's resignation, G Siva Nageswara Rao has been appointed as the new Chief Financial Officer, also effective November 8, 2024.
The Economic Times Alfred Herbert India CFO Sobhana Sethi resigns
Sethi joined the company in 2016 and relinquished the position after serving for more than 8 years. Given the resignation of Sobhana Sethi, Ananda Bhattacharyya has been appointed as the Company Secretary and Chief Financial Officer of the company.
The Economic Times Keerthi Industries CFO Y Sadasiva Rao resigns
Rao stepped down from his position in order to pursue other career opportunities, as stated by the company in a regulatory filing to BSE. He relinquished his position after serving the company for 22 years.
The Economic Times 3C IT appoints Dnyaneshwar Gajmal as CFO
Gajmal, a Chartered Accountant, brings extensive experience in finance, accounting, and regulatory compliance. Previously serving as a Financial Controller, he has been instrumental in defining financial goals, streamlining operations, and enforcing compliance policies.
The Economic Times Shipping Corporation of India appoints Charusheela L Golapalli as CFO
Golapalli holds a Commerce degree from Mumbai University and is an Associate Member of the Institute of Chartered Accountants of India. Joining SCI in 1995 as a Junior Officer, she now brings nearly three decades of experience to the CFO role.
The Economic Times PHDCCI submits pre-Budget suggestions to Finance Ministry
The PHD Chamber of Commerce and Industry (PHDCCI) has proposed several recommendations to the Finance Ministry, including tax cuts for individuals and businesses, streamlining appeal processes, and expanding the Production Linked Incentive (PLI) scheme. The industry body emphasized the need for a larger Union Budget to boost capital expenditure and suggested measures to enhance India's manufacturing sector.
The Economic Times E-way bills for goods soar to record high as trade surges in Oct
The e-way bill generation for the transportation of goods from production centres to markets across the country soared to a record high of 11.7 crore during October, representing a 17 per cent jump over the same month of the previous year, data from the Goods and Services Tax Network (GSTN) showed.
The Economic Times CCI probe finds Zomato, Swiggy breached antitrust laws
Zomato entered into "exclusivity contracts" with partners in return for lower commissions, while Swiggy guaranteed business growth to certain players if they listed exclusively on its platform, according to non-public documents prepared by the Competition Commission of India (CCI).
The Economic Times Futuristic sectors like AI, Pharma, Electronics and food processing holds tremendous potential for Goa: Piyush Goyal
The modern high-tech and futuristic sectors such as data centres, artificial intelligence, pharmaceuticals, electronics, and food processing are the areas where Goa holds tremendous potential, says Union Minister of Commerce and Industry Piyush Goyal in Amazing Goa Business summit.
The Economic Times What is fuelling M&M’s growth even as the auto sector is slowing down? Anish Shah explains
Mahindra & Mahindra is thriving. The company is witnessing remarkable growth across its businesses. New product launches, especially in the SUV segment, are driving this success. Mahindra is also making strategic investments in growth areas. These areas include electric vehicles and renewable energy. The company remains optimistic about future prospects.
The Economic Times Rural markets stay ahead of urban centres in growth for FMCG goods: NielsenIQ
India's fast-moving consumer goods (FMCG) sector grew 5.7 per cent by value and 4.1 per cent by volume in the July-September quarter driven by rural demand which grew faster than urban markets for the third consecutive quarter, according to the latest report by consumer intelligence firm NielsenIQ.
