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The Economic Times Dixon Tech, Vivo to set up electronics manufacturing JV

"Dixon Technologies (India) Limited (Dixon) and Vivo Mobile India Private Limited (Vivo India) sign a binding term sheet for a proposed joint venture to undertake OEM business of electronic devices including smartphones."

The Economic Times India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

India's private sector growth surged to a four-month high in December, fueled by robust demand in services and manufacturing, and record job creation. The composite PMI hit 60.7, signaling strong expansion. Easing inflation and a positive business outlook suggest continued growth in 2025.

The Economic Times Indian companies' revenue surge in FY24 however wage growth of employees moderate: SBI Report

Indian listed companies saw a 6% revenue growth in FY24, but profits (EBIDTA and PAT) surged by 28% and 32%, respectively. Employee expenses moderated to 13% growth, down from 17% in FY23, indicating cost optimization efforts. Companies maintained a steady 22% EBIDTA margin over the past four years, demonstrating effective cost management strategies.

The Economic Times Reliance Brands to exit Replay, G-Star RAW partnerships

The Netherlands-based G-Star partnered Genesis Luxury to enter India a decade ago and came into Reliance's fold after it bought Genesis in 2017. Reliance Brands also bagged exclusive distribution rights for Replay, owned by Fashion Box, in 2018, adding to its extensive denim portfolio, which includes brands such as Gas, Diesel, Armani and Superdry.

The Economic Times Home loans drive Indian banks’ retail books

​​The share of states in the bottom half of the market has gone up from 44% of the total borrowings in 2013-14 to 49% in 2023-24. Three states together account for more than half of all retail loans disbursed by banks, show the data.

The Economic Times Jeh Wadia returns as director of group companies

Jehangir Wadia, the younger son of Nusli Wadia, has rejoined the Wadia Group after a three-year absence. He returns to support operations and share his father's responsibilities, bringing much-needed younger leadership to the 288-year-old conglomerate. Jehangir is expected to take charge of Bombay Dyeing and contribute his strategic thinking to the family business.

The Economic Times DBT through Public Financial Management System supports Digital India: Finance Ministry

As part of its FinMin Year Review 2024 initiative, the Finance Ministry in a social media post on X, stated that DBT through Public Financial Management System (PFMS) supports Digital India by enabling electronic payment and receipt for Ministries and Departments in both Centre and States.

The Economic Times IPO markets emerging as exit routes for startup investors amid evolving ecosystem

India's startup ecosystem is witnessing a shift in exit strategies. Public market sales, including block trades and IPOs, are gaining prominence, offering liquidity to startups and early investors. This trend is driven by increased retail investor participation, a mature market, and the rise of new exit models like direct listings and SPACs.

The Economic Times Startups that took the IPO route in 2024

Twelve Indian startups, including Go Digit General Insurance, Awfis, Ixigo, Ola Electric, FirstCry, TBO Tek and Swiggy, went public in 2024, demonstrating resilience amid funding challenges. Mobikwik and Bluestone are also preparing for IPOs, further highlighting the growth of India's startup ecosystem and investor confidence in new-age tech enterprises.

The Economic Times Will RBI cut rates in February after inflation eases in November?

The RBI’s rate action is likely to be guided by the inflation trajectory and economic growth trends in the coming months, say experts.

The Economic Times Computer refurbisher GNG Electronics files draft papers with Sebi; aims to raise Rs 825 cr via fresh issue

The company operates under the brand "Electronics Bazaar", with presence across the full refurbishment value chain from sourcing to refurbishment to sales, to after-sale services and providing warranty.

The Economic Times Banks struggle to meet SEBI's cybersecurity deadline amid new regulations

Banks are struggling to meet SEBI's January 1st deadline for implementing a new cybersecurity framework. The extensive regulations require frequent audits, robust disaster recovery plans, and data storage within India. Banks have requested more time, citing the complexity of the rules and the need for system upgrades. Non-compliance could lead to penalties.

The Economic Times Oyo's valuation at $4.6 billion after Nuvama Wealth acquires Rs 100 crore stake

Oyo's valuation reached $4.6 billion after Nuvama Wealth's recent share acquisition. Founder Ritesh Agarwal also bought back shares. The company's profitability continues to improve, projecting a threefold increase in net profit for FY2025 after acquiring G6 Hospitality. Oyo reported its first-ever profit in FY2024 and saw increased revenue in Q2 FY2025.

The Economic Times Spending data helps taxman recover Rs 37,000 crore from non-filers in 20 months

The Indian income tax department has recovered ₹37,000 crore over the last 20 months from individuals who failed to file returns despite having taxable income. Analysis of high-value transactions, like property and luxury purchases, revealed discrepancies. A stricter tax collection system aided in tracking these transactions, leading to recoveries, including ₹1,320 crore from those engaged in high-value deals.

The Economic Times DGGI arrests four for generating fake invoices worth Rs 293 crore

​In the 2024-25 financial year, so far, DGGI, Visakhapatnam Zonal unit has booked around 79 cases involving taxable value of approximately Rs 465 crore and fake ITC/GST of Rs 84 crore. Further investigation is in progress.

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