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The Economic Times
The Economic Times Inflation to weigh heavier on households; grocery, consumer goods will soon be 5-20% costlier
Brace yourselves for higher grocery bills. FMCG companies are hiking prices on everyday essentials. Tea, edible oil, soap, and more will cost 5-20% more. Companies blame rising commodity costs and import duties. This marks the biggest price jump in a year. Analysts worry about the impact on consumer demand.
The Economic Times Sebi board approves stricter rules for SME market, including financial stability before IPOs
Sebi has tightened SME IPO norms, mandating a minimum operating profit and restricting selling shareholders' offloading to 50%. These measures aim to enhance transparency and prevent fund misuse, boosting investor confidence in the booming SME segment amidst concerns over governance and manipulation.
The Economic Times Consumer and retail CEOs optimistic on growth amid economic uncertainty: KPMG
While 82% of C&R CEOs believe their businesses are on a growth trajectory, only 59% are optimistic about broader economic growth over the next three years— the lowest confidence level among all industries surveyed.
The Economic Times India plans up to 25% temporary tax to curb cheaper Chinese steel imports
The proposal gained broad support at a meeting chaired by commerce minister Piyush Goyal on Tuesday after small industries dropped initial opposition once they received assurances that they would not be hit by higher steel prices.
The Economic Times India needs economically viable technology for infra projects: Nitin Gadkari
“The issue of importing machinery from China is very difficult. Need different types of machinery. Reducing the cost is the need of the world," the minister stated.
The Economic Times 59% of Indian companies report financial fraud; procurement fraud tops concerns: PwC Survey
A staggering 59 per cent of Indian companies experienced financial or economic fraud in the past 24 months, according to PwC's 'Global Economic Crime Survey 2024 - India Outlook.
The Economic Times Formal job creation up 3% under ESIC at 1.78 million in October: Payroll data
India added 1.78 million formal jobs under ESIC in October 2024. This shows a 3 per cent rise from October 2023. However, it is a 13.2 per cent dip from September 2024. Nearly half of the new jobs went to people aged 25 or younger. Over 21,000 new establishments registered under the ESI scheme in October. The scheme offers medical, unemployment, and maternity benefits.
The Economic Times Net direct tax collection grows 16.45% to Rs 15.82 lk cr so far this fiscal: CBDT
CBDT has reported a remarkable 20.32% growth in gross direct tax collections for the current fiscal year, soaring from Rs 15.96 lakh crore to Rs 19.21 lakh crore. Additionally, refunds issued during this period saw a substantial increase of 42.49%, amounting to Rs 3.38 lakh crore.
The Economic Times Tourism & hospitality sector poised to add 61 lakh new jobs in India by 2034: Report
The Tourism and hospitality sector is expected to add 61 lakh new jobs in India by 2034, according to a report on Wednesday.
The Economic Times Government appoints Rama Mohan Rao Amara as SBI Managing Director: Report
The State Bank of India (SBI) announced on Wednesday that the Government of India has appointed Rama Mohan Rao Amara as the new Managing Director of the bank. This appointment was reported by Reuters, citing sources.
The Economic Times The year of the pause: How RBI maneuvered its policy in 2024
India's benchmark interest rate, held steady at 6.5% since late 2018, remains unchanged as inflation control remains a key focus. Despite a 5.4% GDP growth slump in Q2 2024, the RBI prioritizes disinflation efforts, citing persistent food price pressures and supply-side challenges.
The Economic Times Oil India names Abhijit Majumder as CFO
Majumder is also going to hold the position of Director (Finance), the appointment for which took place on 20th of November this year, as stated by Oil India in an exchange filing. He succeeds Rupam Barua, ED (F&A).
The Economic Times GenAI for productivity learning grows by 859%: Report
There is a a sharp rise in AI-related skills, with GenAI productivity learning surging by 859 percent and LangChain by a staggering 3,949 percent. Demand for AI certifications like Microsoft Azure AI Engineer Associate (311 percent) and AI Fundamentals (197 percent) is also on the rise.
The Economic Times Sebi sets minimum investment amount for SIFs at Rs 10 lakh
The new asset class was introduced for investors, who want to put between ₹10 lakh and ₹50 lakh in differentiated investment strategies such as long-short equity and inverse exchange traded funds, among others.
The Economic Times 59% of Indian companies suffered financial fraud in 24 months
A new survey reveals that 59% of Indian companies faced economic fraud in the last two years, a significant increase from previous years. Procurement fraud has overtaken customer fraud as the primary concern, while globally, cybercrime remains the top threat. Although companies are leveraging data analytics, more robust preventative measures are needed to combat these rising fraud risks.
