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The Economic Times
The Economic Times Byju’s faces new probe over financial, accounting practices
Indian authorities have launched an investigation into Byju's financial practices, including potential misreporting and fund diversion. This follows a previous probe that revealed corporate governance issues at the struggling edtech giant, currently battling insolvency proceedings and facing significant investor losses.
The Economic Times Salaries for quick commerce delivery executives higher than food delivery: report
According to a report by Morgan Stanley, the average delivery time for a quick commerce order is 10-15 minutes. This is against 30-40 minutes for food delivery, since the average distance per order is half of food delivery. This faster turnaround helps quick commerce delivery partners to do more deliveries per hour.
The Economic Times Formal employment growth down in Sept: MoSPI report
The number of new subscribers added to the Employees Provident Fund (EPF) scheme dropped to 9,47,068 from 9,78,275 in August, marking the lowest level so far in the current financial year. The highest number of EPF subscribers 1,117,481 were added during July, 2024.
The Economic Times TPG in advanced talks to buy Siemens Gamesa India assets
TPG Inc. is in advanced discussions to acquire the Indian wind energy assets of Siemens Gamesa, potentially valuing them at over $300 million. TPG has reportedly outbid competitors, including other private equity firms and industry players. While negotiations continue and no final decision has been made, Siemens Energy confirms it's exploring all options for its Indian market presence.
The Economic Times Companies that might be affected by Trump's promised tariffs
President-elect Donald Trump threatened tariffs on Canada, Mexico, and China, impacting automakers like Honda, Nissan, and Toyota with Mexican manufacturing. Several Asian and Chinese automakers, along with Tesla suppliers and tech companies like Foxconn and Lenovo, have operations in Mexico, raising concerns about potential trade wars.
The Economic Times Excitel partners GX Group to deploy made in India 'Wi-Fi 6' modems
Excitel and GX Group partnered to deploy India-made Wi-Fi 6 broadband modems. This aims to provide affordable, high-speed internet access, especially in rural areas, supporting the 'Made in India' initiative. GX Group manufactures the modems in Manesar and plans a second plant in Chennai. The Wi-Fi 6 GPON ONT modems will enhance connectivity across India.
The Economic Times IT hardware firms find scaling up in India tough
Companies are still going ahead with making some models in India, as the government is expected to tighten imports from China in 2025 under the import management system to spur local manufacturing. "There are challenges in terms of cost structures because there has been a lot of consolidation of the supply chain in China," said Sudhir Goel, chief business officer, Acer India.
The Economic Times Youth unemployment rates in India lower than global levels: Govt
As per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. The latest annual Periodic Labour Force Survey (PLFS)shows that unemployment rate for youth of age 15-29 years in India in the year 2023-24 was 10.2 per cent which is lower than global levels.
The Economic Times Impact of SEBI’s order on FPIs: Navigating NSE's weekly expiry and larger lot sizes
FPIs were net sellers of Indian equities and sold shares worth ₹1.13 lakh crores in October 2024. Still, expectations of the company’s Q3 earnings recovery and Trump’s positive effect are expected to reignite the muted Indian market. With a stable government, increased capital expenditure, and a prudent check on fiscal deficit, India is on its long-term growth trajectory.
The Economic Times Global airfares set to rise yet again in 2025
North America and Europe will experience modest increases of around 2%, while Asia and Australasia, still recovering from pandemic restrictions, may see fare hikes of up to 14%. Factors driving these increases include higher wages, fuel costs, geopolitical tensions, and additional surcharges.
The Economic Times IT hardware firms find scaling up in India tough
Companies are still going ahead with making some models in India, as the government is expected to tighten imports from China in 2025 under the import management system to spur local manufacturing. "There are challenges in terms of cost structures because there has been a lot of consolidation of the supply chain in China," said Sudhir Goel, chief business officer, Acer India.
The Economic Times Govt may not sharply hike FY26 capex outlay to keep fiscal deficit in check
Given the limited space for further compression in revenue expenditure, the government would refrain from sharply raising its FY26 capex outlay from the budgeted level for this financial year, another person indicated. The Centre also expects private investments to strengthen further next fiscal, leaving it with leeway to cut the pace of capex hike without jeopardising growth. For a second straight year through FY25, actual capex could fall short of the target by more than Rs 50,000 crore.
The Economic Times No fresh funds into Adani firms till clarity on accusations: TotalEnergies
The French energy company added that it was through public announcements made by US authorities that it learnt of the indictment of certain individual Adani Group executives in relation to an alleged corruption scheme linked to the business of Adani Green Energy Ltd (AGEL). "This indictment does not target AGEL itself, nor any AGEL-related companies," it said.
The Economic Times RBI Governor Shaktikanta Das admitted to hospital in Chennai
Reserve Bank of India Governor Shaktikanta Das has been admitted to a corporate hospital here, a source told news agency PTI on Tuesday. As per the report, he was being monitored. There was no immediate official information from the hospital.
The Economic Times Need to link co-op movement with circular economy: PM Modi
Prime Minister Modi emphasized the importance of linking cooperatives to the circular economy and promoting global collaboration at the ICA Global Cooperative Conference 2024. He highlighted India's focus on strengthening the cooperative sector, its role in various sectors, and the government's efforts to make cooperatives multipurpose and climate-resilient.
