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The Economic Times
The Economic Times Vaishno Cement appoints Jatin Nanji Chheda as CFO
Additionally, the company recently appointed Nandini Miami as its Company Secretary and Compliance Officer.
The Economic Times Lahoti Overseas CFO Pradeep Bachhuka resigns
Bachhuka cited health issues as the reason for his departure.
The Economic Times Umiya Tubes CFO Yash Joshi resigns
Joshi cited his unwillingness to continue in his role, stating he wishes to pursue other opportunities, including potential higher studies abroad.
The Economic Times SEFL CFO Vishal Chavda resigns, Parthrajsinh Rana takes over as new CFO
In conjunction with his departure, the company appointed Parthrajsinh Harshadsinh Rana as the new CFO, also effective from October 03, 2024.
The Economic Times Vikas Ecotech CFO Amit Dhuria resigns
Dhuria cited ongoing organisational reshuffling as a reason for his decision, indicating it presents a timely opportunity for him to pursue avenues more aligned with his professional aspirations.
The Economic Times Banking sector reforms are paying its dividend to Indian Economy: Nirmala Sitharaman
Sitharaman said, "The soundness and resilience of India's banking sector have been underpinned by a sustained policy focus on asset quality improvements, enhanced provisioning for bad loans, sustained capital adequacy, and a rise in profitability."
The Economic Times India Inc pros seeks more guidance, upskilling opportunities
A LinkedIn report highlights that 90% of Indian professionals are seeking more support in evolving workplaces. The biggest opportunity lies in integrating AI, with 62% believing it's crucial for career growth. Video formats, particularly short-form and long-form video courses, are favored for continuous learning.
The Economic Times GST Rate Cut: Tax on several mass-use products may be reduced
A ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance may also see lower rates. The panel, led by Bihar deputy CM Samrat Chaudhary, will finalize these decisions soon. Revenue implications and the number of slabs are key considerations.
The Economic Times SC nod to real estate sector to claim input tax credits on construction costs
The Supreme Court has allowed real estate companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes, ruling them as 'plant and machinery' under GST law. This decision helps reduce the financial burden and investment costs in commercial real estate.
The Economic Times NFRA warns auditors on negligence in audit of group financial statements, says must comply with SA 600 and Companies Act
The NFRA's findings are linked to investigations of large corporations, including Reliance Capital, Reliance Home Finance, Dewan Housing Finance, Coffee Day Enterprises, and IL&FS.
The Economic Times CK Birla Healthcare eyes $150 million fundraise via stake sale
CK Birla Healthcare, part of the CK Birla Group, aims to raise around $150 million by selling a minority stake. Funds will be used for expansion and debt reduction. The healthcare arm, featuring multiple hospitals and IVF centers, recorded a 34% revenue growth in FY24.
The Economic Times India to take five years to almost achieve an income feat that earlier took 75 years: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman stated that India's per capita income is projected to increase by $2000 in the next five years. She highlighted the young demographic, which drives consumption growth, and noted the maturity in India's innovation and financial sectors as catalysts for future economic growth.
The Economic Times FIIs withdraw Rs 32,000 crore but India has Rs 2 lakh crore war chest to save Nifty from Israel war
In just 4 trading sessions, Sensex dropped over 3,300 points as FIIs pulled out nearly Rs 32,000 crore from D-Street. China's market appeal and growing fears over the Iran-Israel conflict have spooked global investors. With concerns over high valuations as retail investors remain confident across price points, there is rising uncertainty about a potential market crash during the festive season.
The Economic Times India’s Services PMI falls to 57.7, slowest expansion since November 2023
In September, India's Services PMI fell to 57.7 from 60.9 in August, marking the slowest growth since November 2023 (56.9). Export demand weakened, with growth at its lowest pace in 2024. Input cost inflation rose, while the increase in selling prices slowed to a two-and-a-half-year low. Despite these pressures, domestic demand remained robust, and employment continued to rise.
The Economic Times Outdated SA 600 poses risk of future corporate scandals; urgent reform must says NFRA's R. Narayanaswamy
In an exclusive interview with ETCFO, R. Narayanaswamy, part-time member of NFRA, discusses the legal framework for auditing standards, challenges to NFRA’s authority, the power dynamics between NFRA and ICAI, and the need for accountability in financial reporting.
