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The Economic Times
The Economic Times Sebi defers ESG disclosure deadline under BRSR framework by one year till FY26
Markets regulator Sebi has decided to defer the ESG disclosure deadline for value chain partners of listed companies by one year until FY26, giving more time to them to comply with the Business Responsibility and Sustainability Reporting (BRSR) requirements.
The Economic Times Indian research and insights industry reaches USD 3.2 Bn in FY2024: MSRI
The report highlights the industry’s remarkable growth trajectory, with the sector reaching USD 3.2 Bn in FY2024, a robust 12.6 per cent increase from USD 2.9 Bn in FY2023. Projected to grow to USD 3.4 Bn in FY2025, the report highlights the sector’s ability to leverage India’s dynamic economy and its role as a pivotal player in delivering insights-driven transformation.
The Economic Times Indian states must set glide path for fiscal consolidation, says central bank report
The Reserve Bank of India (RBI) urged Indian states to implement fiscal consolidation plans with transparent reporting of liabilities, given high debt levels. The RBI highlighted concerns about rising subsidy spending and recommended expenditure efficiency. While states' liabilities decreased, they remain above pre-pandemic levels, necessitating a clear debt consolidation roadmap.
The Economic Times Welspun Specialty Solutions appoints Navin Agarwal as CFO
Welspun Specialty Solutions Limited has appointed Navin Agarwal as its new Chief Financial Officer, effective immediately, following the resignation of Brijveer Singh, whose tenure concludes on December 19, 2024.
The Economic Times India's job market projected to grow 9% in 2025
India's job market is expected to boom in 2025, with a projected 9% growth driven by IT, retail, telecom, and BFSI sectors. Emerging technologies and evolving business needs are shaping hiring trends, with Bengaluru and Coimbatore leading city-wise growth. November 2024 saw a 10% year-over-year hiring increase, indicating continued momentum.
The Economic Times SpiceJet, Genesis reach agreement in $16 million dispute, share prices shoot up
The agreement will result in a significant saving for the airline as it navigates a path toward long-term growth. Following the agreement, SpiceJet share prices rose 7.84% to intraday high of Rs 60.70 apiece.
The Economic Times Laxmi India Finance files draft papers with Sebi to raise funds via IPO
Laxmi India Finance Ltd, an NBFC, has filed for an IPO to raise capital. The offering includes fresh shares and an OFS by promoters. The funds will bolster the company's lending capacity. With 139 branches across four states, Laxmi India Finance boasts an AUM exceeding ₹1,000 crore, primarily focused on MSME and vehicle loans.
The Economic Times India's solar equipment manufacturing capacity set to surge in next 2-3 years: Report
India's solar equipment manufacturing capacity is poised for robust growth over the next 2-3 years, with module and cell manufacturing capacity of around 80 GW and 50 GW respectively in the pipeline, according to a report.
The Economic Times RBI ramps up forward dollar sales to defend stumbling rupee, traders say
INDIA-RUPEE/RBI ramps up forward dollar sales to defend stumbling rupee, traders say
The Economic Times Vijay Mallya claims ED and banks recovered twice the debt owed, to seek relief
Mallya plans to seek legal relief over what he claims is the excessive recovery of over Rs 14,130 crore by the Enforcement Directorate and banks, following Finance Minister Nirmala Sitharaman's Parliament announcement.
The Economic Times RTX aims to boost India headcount by 14% in 3 years, execs say
RTX Corp will expand its India team. The aerospace giant will add 1,000 employees by 2027. India acts as a talent hub for RTX. The company values Indian engineers and data scientists. Pratt & Whitney and Collins Aerospace, RTX units, will hire. Collins Aerospace will open a larger factory in Bengaluru in 2026. RTX aims to reduce reliance on outsourcing.
The Economic Times About 99 per cent of mobile handsets being used in India are domestically manufactured: MoS IT
"India has now reached a stage where 99.2 per cent of mobile handsets being used in India are domestically manufactured. Also, India has become a mobile exporting country as compared to a mobile importing country in FY 2014-15, when almost 74 per cent of all mobile phones sold in India were imported."
The Economic Times Micromax and Phison join hands to design, manufacture storage modules in India
Micromax Informatics and Phison have formed MiPhi, a joint venture to design and manufacture storage modules in India. This partnership combines Micromax's market knowledge with Phison's storage expertise, aiming to boost India's electronics ecosystem. MiPhi will initially launch aiDaptiv+, a cost-effective storage solution for AI workstations, targeting both Indian and international markets.
The Economic Times India extends halt on futures trading in key farm commodities until January
India extended its suspension of agricultural commodity futures trading until January 31, 2025, aiming to control food inflation. This impacts key commodities like soybean, crude palm oil, wheat, and rice. The suspension, initially for a year starting in 2021, has been repeatedly extended. Industry groups are advocating for the resumption of trading to manage risks and stabilize prices.
The Economic Times Cummins India appoints Prasad Kulkarni as interim CFO
Cummins India has appointed Prasad Kulkarni as Interim CFO, effective January 10, 2025, following the resignation of Ajay Patil. Kulkarni brings over 21 years of financial expertise to the role.
