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The Economic Times
The Economic Times 90% of manufacturers face production challenges amid labour shortage, study finds
A Quickbase report reveals that 90% of manufacturers face production challenges due to labour shortages, with 41% struggling to transfer knowledge from experienced workers. While 49% plan to adopt automation, only 39% currently use it. With 1.9 million manufacturing jobs projected to go unfilled by 2034, investing in technology like predictive analytics and IoT is crucial to boost efficiency and address workforce gaps.
The Economic Times Real GDP growth seen lower than RBI estimates in Oct-Mar
Economists predict slower real GDP growth in the second half of FY25, ranging from 6.4% to 6.6%, compared to RBI's 7% projection. High-frequency data reveals mixed indicators for consumption and investment sectors. Weaker exports, consumption spending, and construction activity contribute to the lowered growth forecast, despite increased government and agricultural spending.
The Economic Times Google to slash 10% of managerial roles
Google is reducing 10% of its managerial roles, including directors and vice presidents. The move aligns with CEO Sundar Pichai's vision of streamlining operations and staying competitive. Recent cost-cutting efforts have also included layoffs in core technical teams and overseas role relocations, reflecting Google's focus on maintaining its market edge in the rapidly evolving AI landscape.
The Economic Times Railways' switch to accrual-based accounting to boost multilateral, green financing: ICAI
Indian Railways has fully transitioned to accrual-based accounting for the 2023-24 fiscal year. This shift, supported by the ICAI, enhances transparency, facilitates access to green financing and aligns with international accounting standards. The move also marks a significant step towards achieving ESG goals, with environmental initiatives reflected in the 2022-23 financial statements.
The Economic Times SEBI takes strict action in front running case, bars 9 entities, seizes over Rs 21 crore
Market regulator, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, banning PNB Met Life Insurance Company's equity dealer Sachin Bakul Dagli and eight other entities from the stock market.
The Economic Times Commanding high valuations due to trust world has in India: Sebi chief
Indian capital markets are commanding high valuations as foreign investors are bullish about the country's economic growth on the back of strong domestic macroeconomic data, according to Sebi Chairperson Madhabi Puri Buch. Speaking at a CII event on corporate governance here on Tuesday, Buch said she meets foreign investors regularly as part of her mandate and has seen an increased interest among them for India, because of the velocity the country's economy has got after years of high-speed growth.
The Economic Times Burmans' Religare open offer to acquire additional stake gets Sebi nod
The Burman family, promoters of Dabur, has received regulatory approvals for an open offer to acquire an additional 26% stake in Religare Enterprises. This follows approvals from Sebi, RBI, and other regulators. The offer, expected to launch in mid-January, could give the Burmans majority control of the NBFC, despite opposition from current management.
The Economic Times RBI rate cuts may be delayed on US Fed action, rupee pressure
The widening gap in interest rates with global markets, combined with growing FX pressures, makes a rate cut less attractive for the RBI, analysts say.
The Economic Times Vote against fresh term for Rashmi Saluja as Religare Director: Proxy advisors
Shareholder votes will decide Rashmi Saluja's fate as chairperson of Religare Enterprises. Advisory firms oppose her reappointment. They cite legal issues and governance concerns. Religare's board supports Saluja. The company says her compensation practices followed regulations. The vote will take place at the annual general meeting on December 31.
The Economic Times Tata Trusts tightens monitoring, shifts from quarterly to monthly reviews
Tata Trusts has implemented stricter monthly reviews of projects to control operational costs and improve the impact of its philanthropic efforts. An internal audit revealed discrepancies, prompting enhanced monitoring and reporting. The Trusts may prioritize grants over direct implementation projects to minimize expenses and maximize funds for charitable causes.
The Economic Times Income tax cuts and new tax slabs — here’s how Indian Finance Minister Nirmala Sitharaman wants to make people shop more
India is bracing for its third budget in 12 months. Meanwhile, economic growth has been on a downward spiral as tepid income growth led to penny-wise people further cutting back on consumption— from cars and bikes to even items of daily use.
The Economic Times GST recommendations to create business-friendly environment, ensure fairness: Experts
The 55th GST Council meeting has unveiled a series of pivotal recommendations designed to deliver targeted relief, streamline compliance processes, resolve industry ambiguities and promote trade facilitation, experts said on Sunday.
The Economic Times Unique ID to be deployed to check GST evasion in select commodities
India is introducing Unique Identification Marking (UIM) for specific goods like tobacco to combat tax evasion. Non-compliance will result in penalties. The GST Council approved this 'track & trace' mechanism, defining UIM as a secure, non-removable digital mark. This system, inspired by the WHO protocol, will track products throughout the supply chain, detailing manufacturing information and pricing.
The Economic Times Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24
A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.
The Economic Times Good opportunity in chip fabrication in India; in talks with manufacturers for lithography machines: Canon
Canon India, experiencing double-digit growth, is eyeing the semiconductor lithography equipment market. The company is in talks with chip manufacturers setting up facilities in India. Canon is also expanding into healthcare, flat panel displays, and studio solutions, leveraging India's economic growth and expanding into tier II and III cities.
