The Economic Times The Economic Times

The Economic Times India's forex kitty at $684.8 bn, gold reserves go up

Amid persistent selling of shares in the stock market by foreign institutional investors (FII) and growing geopolitical tensions, India's foreign exchange reserves posted a $3.46 billion drop to stand at $684.8 billion in the week ended October 25, data released by the Reserve Bank of India (RBI) showed on Friday.

The Economic Times Sebi mulls measures to facilitate ease of doing biz for ESG Rating Providers

Markets regulator Sebi suggests changes to the framework for ESG Rating Providers, especially those using a subscriber-pays model. Sebi recommends exemption from disclosing ESG ratings to stock exchanges and sharing reports with subscribers and rated issuers simultaneously. The proposals aim to improve clarity and transparency in ESG ratings. Public comments on the proposals are invited until November 15.

The Economic Times ONGC ups capex at Rs 15,550 crore in Q2

Oil and Natural Gas Corporation has doubled its capital expenditure to ₹15,550 crore in the second quarter. ONGC has spent ₹23,550 crore in the first six months, moving closer to its annual capex target of ₹30,800 crore. State-run oil companies together spent around ₹67,000 crore in the first half of the fiscal year.

The Economic Times Maruti, Hyundai report muted domestic wholesales in October

Auto majors Maruti Suzuki India and Hyundai witnessed muted sales in October, with inventory adjustments affecting dispatches. Despite a drop in some segments, both companies reported record-breaking monthly figures. Mahindra, Toyota, and JSW MG saw notable growth, while Tata Motors experienced a slight dip. Two-wheeler brands Royal Enfield and TVS Motor recorded significant increases in sales.

The Economic Times Work demand under NREGS drops for 12th straight month in October

Work demand under the MGNREGS fell for the 12th consecutive month in October, reflecting strong economic activity and more remunerative job opportunities. Despite a slight uptick from September, overall requests for work are down year-on-year, indicating an upswing in the rural economy.

The Economic Times Record retail sales during festivals bring down inventory in car market

The festive season significantly boosted retail sales for automakers, with high demand for premium vehicles like Maruti Suzuki Baleno and Hyundai Creta. Maruti Suzuki and other major manufacturers posted record sales, reducing high inventories. The wedding season in November is expected to sustain this momentum.

The Economic Times The census job: Time to roll up your sleeves

Detailed caste enumeration, if undertaken in 2025, will provide data on group size, geographical distribution, gender composition, socio-economic status.

The Economic Times Tech giants are set to spend $200 billion this year chasing AI

Wall Street recently criticised major tech firms for their AI spending, but Amazon, Microsoft, Meta, and Alphabet plan to invest even more, exceeding $200 billion this year. These companies are securing chips and building data centers to support AI, aiming for future profitability despite current high expenses.

The Economic Times Is there a 'China angle' behind Microsoft CEO Satya Nadella’s $5.5 million salary cut?

Satya Nadella’s compensation jumped by 63% in 2024 to $79.1 million, driven by an increase in stock awards. He requested a reduction in cash incentive due to cybersecurity concerns. Under his leadership, Microsoft has seen significant financial growth since '14.

The Economic Times Festive Vibes: Economists see food inflation and geopolitical conflicts as possible headwinds

The Unified Payments Interface (UPI) settled 16.58 billion transactions in October 2024, up 45% yearon-year. The demand for work under the government’s flagship rural employment scheme fell for the 12th straight month in October from a year before, dropping 9.2% from a year earlier, indicating availability of job opportunities elsewhere in the economy.

The Economic Times GST collection grows 8.9% Y-o-Y in October at Rs 1.87 Lakh Cr

GST Collections for the month of October grew 8.9% year-on-year at Rs 1.87 Lakh Crore witnessing an uptick compared to Rs 1.73 Lakh Crore in September 2024. Maharashtra recorded the highest GST collections among all states, registering Rs 31,030 crore, a 14% year-on-year increase compared to October 2023.

The Economic Times Ola Electric reclaims 31% market share as festive sales rise

Despite the recent rise in sales, Ola Electric has faced an increase in customer complaints about after-sales service, software issues, and hardware malfunctions, which contributed to a decrease in sales and market share over the past few months.

The Economic Times Quick commerce can be bigger than food delivery, won't be a duopoly: Swiggy founder Sriharsha Majety

On Wednesday, online food delivery company Swiggy announced the price band for its upcoming Rs 11,300 crore IPO as Rs 371-390 apiece. The IPO will open for bidding on November 6 and will be available till November 8.

The Economic Times Four important pension, GPF payment updates that government employees, pensioners should know

The DoPPW has announced several updates related to timelines for the completion of various activities and the timely distribution of pension benefits and General Provident Fund (GPF) payments. Here is a look at those important updates.

The Economic Times Marutis and Tatas had a big headache in run up to Diwali parties. Brighter days now?

Indian car sales have seen a decline for three consecutive months, with September recording a 1-2.5% drop despite significant discounts during the festive season. Major automakers like Maruti Suzuki, Hyundai, and Tata Motors reported lower sales, leading to high inventory levels at dealerships. Nonetheless, festive season demand is expected to improve sales.

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