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The Economic Times
The Economic Times Auto industry on track to achieve target of INR 25,000 crore import cut
India's auto industry plans to significantly reduce imports by making more parts locally. This includes key components like electric motors and transmissions. The industry has already made progress. It aims to achieve a total reduction of INR 25,000 crore. Component makers are investing in new facilities and technology. Exports are also growing. Car sales are expected to double by 2030.
The Economic Times Reliance is bringing back Shein products in India; but with a Big Desi twist
Chinese fast-fashion giant Shein will return to India through a partnership with Reliance Retail, following a 2020 ban. Shein will act as a technology provider, while Reliance Retail controls operations and data, ensuring all information remains within India under strict security measures. This collaboration aims to boost local manufacturing and create jobs.
The Economic Times Next step is establishing manufacturing zone for telecom sector: Jyotiraditya Scindia
He lauded the fact that India is now the fifth country globally to have its own 4G system. Stating that after one lakh BSNL towers are established, the government will slowly start working in the 5G system with an upgrade to software.
The Economic Times RBI lifts restrictions on two Edelweiss Group cos
The Reserve Bank of India (RBI) lifted business restrictions on Edelweiss Group's NBFCs, ECL Finance and Edelweiss ARC. The RBI had imposed these restrictions in May due to alleged "evergreening of stressed assets" involving structured transactions and connected AIFs. The RBI expressed satisfaction with the remedial measures taken by both companies to address the concerns.
The Economic Times DPIIT signs MoU with HDFC Bank to strengthen startup ecosystem and foster innovation
Startups will also have access to HDFC Bank's vast network and resources thus enabling them to scale up their operations, attract investments, and establish their market presence far more effectively.
The Economic Times Enforcement Directorate recovers Rs 22,280 crore in assets from major economic offenders, including Vijay Mallya and Nirav Modi: Finance Minister
Sitharaman assured the Lok Sabha that the government is relentlessly pursuing economic offenders, ensuring that all recovered funds, including from major frauds, are returned to banks and rightful owners.
The Economic Times 'They charge a lot': Donald Trump threatens reciprocal tariffs against India
President-elect Donald Trump reaffirmed his commitment to imposing reciprocal taxes on India, citing high tariffs on American goods. He emphasized that if India imposes tariffs, the US will respond in kind. While trade tensions are anticipated, India could potentially benefit from trade diversions caused by Trump's tariff policies targeting other nations.
The Economic Times HUL, don't get Unileverised: The ice cream business melted away, but what’s next?
HUL boss Rohit Jawa needs to think out of the box and make HUL what it was in pre-liberalisation India, independent and free thinking; hauling the company – that was once a CEO factory and a laboratory of strategic thinking -- out of the current funk. Even Unilever CEO Hein Shumacher is busy putting the consumer behemoth into shape, pruning portfolios, people and premiumising, while upping sales projections.
The Economic Times Indian Americans hopeful of more key appointments from community to team Trump
Joe Biden's administration appointed over 130 Indian Americans to key positions, while Donald Trump's team initially included only four, sparking discussion within the Indian American community. Despite historical Democratic leanings, some anticipate increased Indian American representation in the Trump administration, emphasizing quality over quantity. Controversies surround some appointees, and the absence of Nikki Haley is notable.
The Economic Times Indian shares set for tepid open as Fed policy decision looms
INDIA-Indian shares set for tepid open as Fed policy decision looms
The Economic Times Dollar steady against peers as Fed rate cut looms
The US dollar held steady as investors awaited the Federal Reserve's interest rate decision. Markets anticipated a 25-basis-point cut, with focus on future rate projections. Strong economic data suggested a potential slowdown in future cuts. Other central banks, including the Bank of Japan and Bank of England, also faced rate decisions this week.
The Economic Times US Fed begins final 2024 rate meeting with cut expected
The US Federal Reserve began its last interest rate meeting of the year on Tuesday, with expectations high for another rate cut and a signal from policymakers that the pace of cuts will slow next year. The Fed will also publish updated economic forecasts alongside its rate decision, and many analysts expect policymakers to slightly dial back the number of interest rate cuts they expect next year. da/des
The Economic Times Sebi tightens participatory notes rules for foreign funds
The regulator said that the rules were changed to eliminate arbitrage opportunities that some FPIs enjoyed. Earlier this year, SBI had also said that all FPIs investing in direct equity in India should also maintain a list of ultimate beneficial owners of the funds and assets.
The Economic Times Pepperfry promotes Madhusudan Bihani as CFO
Bihani previously held the position of VP-Finance, having joined Pepperfry in November of 2019 as AVP Finance.
The Economic Times Everest Industries CFO Pramod Nair steps down
Nair relinquished his position in order to embark on a new journey, as stated in his resignation letter attached by the company in an exchange filing. Nair joined Everest Industries as its CFO in May of 2021 and separating after a tenure of about four years.
