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The Economic Times
The Economic Times Why is the Indian rupee falling and is 90 per dollar in sight?
Within a span of a month, the rupee has depreciated from ₹84 to ₹86, marking one of its steepest falls ever. What caused this sharp decline in the rupee? What are the major factors behind it? Are other currencies also experiencing a similar fall? ETBFSI explains why.
The Economic Times WeWork India raises Rs 500 crore via rights issue
The workspace provider WeWork India said that the funds will be used to pay off its debt and lower its cost of capital. WeWork had planned to sell its 27% stake in the Indian unit, which failed due to a valuation mismatch. WeWork entered the Indian market in 2017 through a partnership with Embassy Group, with Embassy holding a 73% stake in the Indian unit and WeWork Inc owning the remaining 27%.
The Economic Times Kumbh Mela: India Inc. turns holy dips into marketing goldmines
Companies are spending 70% of their marketing budgets on the Kumbh Mela, focusing on six holy dips. They are using digital innovation, social media, and influencer collaborations to engage with the mass gathering of pilgrims. Businesses aim to gain visibility and reach tier 2 and 3 city consumers, as well as international visitors.
The Economic Times Tata Electronics goes beyond Apple, looks to build for Xiaomi and Oppo
Tata Electronics has held talks with Xiaomi and Oppo to take up contract manufacturing of their smartphones, in a bid to diversify its client base beyond Apple. The company was also in talks with Vivo, but that partnership is unlikely to go through, sources told ET.
The Economic Times Money laundering case: ED quizzes Rashmi Saluja for second time
Religare Enterprises' executive chairperson Rashmi Saluja was questioned for the second time by the ED in a money laundering case. She and other executives are alleged to have made unlawful gains and motivated a shareholder to file an FIR. Saluja denies the charges.
The Economic Times L&T's HR head breaks silence on chairman's controversial 90-hour work week remarks
Sonica Muraleedharan, HR head of Larsen & Toubro domestic operations, clarified that the chairman's comments about longer working hours were misinterpreted. She says the remarks were casual and not a directive for 90-hour workweeks. Muraleedharan emphasized the supportive leadership style of the chairman, focusing on employee well-being and personal growth. The video had sparked debates about work-life balance.
The Economic Times Can India-US relations overcome the hurdles under Donald Trump?
Joe Biden leaves the India-US strategic relationship with significant advancements in tech and defense, capped by a successful G20 summit and the launch of major joint initiatives. Despite bumps over export control laws and the Adani indictments, the partnership remains robust.
The Economic Times China's export curbs: Hi-tech machinery supply faces major hit
The government has been made aware of the situation by industry and mitigating measures are being considered. But for the near term, this would mean a setback to the large manufacturing operations that have been set up by companies such as Foxconn in the electronics sector and joint ventures in the auto sector, the executives said.
The Economic Times AI will push accountants toward a more supervisory role, create new opportunities, say EY experts
How is AI revolutionizing the finance sector by automating routine tasks and reshaping accountants' roles? Experts Belén Villasante and Nikhil Sharma from EY say it’s not about replacing accountants, but redefining their roles and empowering CFOs to embrace new strategic opportunities.
The Economic Times Robust manufacturing, MSMEs among 5 key factors to create millions of jobs: PHDCCI
Prioritising the manufacturing sector and strengthening the micro, small and medium enterprises (MSMEs), among others, can not only ensure sustained economic development but also generate millions of employment opportunities, the PHD Chamber of Commerce and Industry (PHDCCI) said on Monday.
The Economic Times L&T managerial pay jump 20%, while employees get 1.74% raise in FY24
The average percentage increase in the salaries of employees other than the managerial personnel for the FY 2023-24 was 1.74 percent, whereas there is an increase in the managerial remuneration by 20.38 percent.
The Economic Times Yulu Bikes eyes growth in non-metro towns with franchise model
The startup, backed by 33 institutional investors including Bajaj Auto, Magna and Rocketship, aims to leverage different vehicle form factors to cater to a broader set of needs. So far, Yulu Bikes has raised over $123 million in equity capital and USD 12 million in debt financing from US International Development Finance Corporation (DFC) and Northern Arc.
The Economic Times JVC re-enters Indian TV market through licence pact with Super Plastronics
New Delhi-based Super Plastronics Pvt Ltd (SPPL) has entered a brand licence agreement with JVC, marking the Japanese electronics brand's return to the Indian TV market. JVC's premium smart QLED televisions will be available on Amazon starting January 14, 2025, with prices starting at Rs 11,999.
The Economic Times Phone makers seek PLI renewal, say there's more to be done
The PLI scheme, introduced in 2020, has attracted global players and made India a smartphone manufacturing hub. However, industry stakeholders argue its extension is crucial to achieve the government's ambitious target of producing $500 billion worth of electronics by 2030.
The Economic Times Retail Inflation eases to 5.22% in December; food inflation hits four-month low
Retail inflation in India eased to 5.22 per cent in December 2024, the lowest in three months, driven by a decline in food inflation to 8.39 per cent, its lowest in four months. The moderation offers relief after October’s breach of the Reserve Bank of India’s target range, signaling some easing of price pressures.
