The Economic Times
The Economic Times India’s Supreme Court may have paved the way to erase half of the country’s budget deficit
On October 24, India's top court ordered that companies will be liable to pay statutory dues even on non-telecom revenue earned using spectrum. The amount of money that the government can make, thanks to this verdict, may be good enough to erase nearly half the country’s budget deficit of ₹7.2 lakh crore.
The Economic Times Tata Trusts tightens monitoring, shifts focus to grant-making
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 Tata Consumer Products denies reports on exit of Starbucks from India
Tata Group refuted rumors of Starbucks leaving India. Starbucks operates 457 stores in India through a joint venture with Tata. The company aims to reach 1,000 stores by FY28. Starbucks India revenue grew but losses widened due to expansion. Tata stated it prioritises scaling over store profitability. Starbucks entered India in October 2012 through a joint venture with the Tata Group.
The Economic Times Charting India’s Deal Landscape: What’s in for 2025?
Large private equity (PE) deals, high-profile corporate mergers such as Reliance–Disney, Adani–ACC and Ambuja, and Mankind’s acquisition of Bharat Serums, along with a surge in IPO activity, have fuelled the M&A boom. As a result, India’s annual M&A market has doubled the previous decade’s average of USD 70bn to USD 140bn in the current decade. After a slowdown in deal-making from mid-2022 to 2023, the country has seen a strong recovery in its M&A performance.
The Economic Times Role and responsibilities of a CFO in ensuring compliance
Today, a CFO and CEO may hold different primary responsibilities yet both are comparable in terms of the leadership role they play and the impact they can have in the success of the organisation. A synergy between the two is an essential cornerstone driving growth and innovation within an organisation.
The Economic Times Adani Group to invest ₹29,750 crore in Bihar, create over 77,000 jobs
The announcement was made during the 2024 Bihar Business Connect investor summit in Patna, where the group emphasized its commitment to creating over 77,000 direct and indirect jobs in the state.
The Economic Times India's PLI schemes drive Atmanirbhar Bharat vision with Rs 1.97 lakh crore boost
India's Product-Linked Incentive (PLI) schemes, launched in 2020, are boosting domestic manufacturing and exports. With over US$26 billion invested across 14 sectors, the program has driven significant job creation and investment, exceeding targets in some areas like white goods. The initiative is strengthening the MSME ecosystem and significantly increasing domestic value addition.
The Economic Times Paper manufacturers' revenue may dip 2-3 pc in FY25: Crisil report
Indian paper manufacturers face a 2-3per cent revenue dip this fiscal year. Operating margins will likely shrink to 15-16per cent. High wood costs and lower paper prices are to blame. Volume growth is expected to be a modest 2-4per cent. However, the industry's financial health remains stable. A margin recovery is anticipated next fiscal year as wood supply improves.
The Economic Times Developers urge government to reconsider proposal to bring FSI, additional FSI under GST
Realty developers’ body CREDAI has written to the finance minister Nirmala Sitharaman urging a review of the proposal as the move would result in a substantial incremental impact on project costs, pushing housing prices up by around 10% across various property markets of the country.
The Economic Times Cipla faces over Rs 1 crore penalty by GST authority
Cipla Ltd. was fined over ₹1 crore by the GST authority for allegedly claiming inadmissible credit. The company disputes the penalty, calling it arbitrary and unjustified, and plans to appeal. Cipla stated the order won't significantly impact its financials or operations.
The Economic Times Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?
The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on sin goods like tobacco and aerated drinks is under consideration. This could hike prices. India's tobacco taxes are below the WHO's recommended 75% of retail price.
The Economic Times RBI board meeting discusses economic situation and outlook, appreciates outgoing Governor's service
As per a statement from the central bank, the Board placed on record its appreciation of the valuable services rendered by Shaktikanta Das during his tenure as Governor. Former RBI Governor Shaktikanta Das has served as the head of the central bank for six years which has ended on December 10.
The Economic Times India must leverage technology to decouple carbon emissions amid economic growth: EDF
India's rapid economic growth needs a green makeover. Technology is key to cutting emissions. India can lead in green tech. We must build our own solutions. Global climate finance must support developing nations. Concessional funding is crucial for a fair and sustainable future.
The Economic Times Stock market today: BSE Sensex ends over 1170 points down; Nifty50 below 23,600
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, tanked in trade on Friday. While BSE Sensex went below 78,500, Nifty50 was just above 23,700.
The Economic Times Bitcoin taxation: Only Rs 33 lakh income tax liability on Rs 6.64 crore gain by selling Bitcoin for an Infosys employee, rules Jodhpur ITAT
Bitcoin is capital asset: Jodhpur ITAT recently ruled that an Infosys employee who purchased Bitcoin using his salary should pay capital gains tax at 20% rate and also claim section 54F tax exemption after he sold the Bitcoin for Rs 6.69 crore. The Income Tax Department wanted this person to pay 30% tax on that more than Rs 6 crore gains but lost the case. Curious to know why and which legal aspect this person used? Read below.