The Economic Times
The Economic Times India rises above roti, kapda aur makaan. Where is it headed?
India's consumption patterns are shifting from basic necessities to services like healthcare and education. The middle class is expanding rapidly, projected to reach 60% of the population by 2047, driving economic growth and potentially transforming India into a consumption powerhouse. This growth is fueled by increasing disposable incomes and an aspirational drive.
The Economic Times Airlines chase corporates with business class seats
"Increase in seats on the front end on domestic and select international routes is likely to disrupt pricing of business class and even premium economy," said aviation consultancy firm CAPA.
The Economic Times Ultra high net-worth individuals in India growing at 12% CAGR: Motilal Oswal
India's HNWI and UHNWI population is booming, with a 12% annual growth rate fueled by a strong economy and equity markets. However, organized wealth management penetration remains low, creating opportunities for expansion. Younger generations are shifting towards modern investments, and growth is expected in lower-tier cities and among the mass affluent.
The Economic Times 'Will do what's best for economy,' says newly appointed RBI Governor Sanjay Malhotra
Sanjay Malhotra, the newly appointed 26th RBI governor, stated on Tuesday that his focus will be on the best interests of the economy. Taking charge on Wednesday, Malhotra acknowledged the newness of the role and his commitment to understanding all perspectives.
The Economic Times 73,151 startups in India now have at least one woman Director: Centre
Nearly 73,151 startups in India now have at least one woman Director -- nearly half of the 1,52,139 startups supported by the government, thus showcasing the crucial role women play in driving innovation and economic growth, a government statement said on Tuesday.
The Economic Times ICAI inaugurates research hub at CoE Hyderabad
The Centre will conduct in-depth studies on Union and state Budgets, financial literacy, the role of chartered accountants in policymaking and good governance with ease of doing business, among other subjects, the ICAI said in a statement.
The Economic Times Supreme Court ruling on CENVAT credit: Implications & unanswered questions in GST ecosystem
While the judgment resolves long-standing disputes under the CENVAT framework, its implications under the GST regime are far from straightforward.
The Economic Times JSW Steel faces ₹64 cr GST demand order
JSW Steel received a ₹64.47 crore demand notice for allegedly not paying GST on mining rights payments between July 2017 and July 2019. JSW stated it had paid the tax and interest, disclosing it in monthly returns. The company believes the penalty is unwarranted and plans to appeal the order.
The Economic Times Gateways seek GST waiver on low-value commissions
Payment gateway operators are urging the finance ministry to reconsider an 18% GST levy on commissions from small-value digital transactions (up to ₹2,000). They argue that passing this tax burden onto merchants will hinder the growth of digital payments, especially in smaller towns. Tax authorities are seeking backdated GST from fiscal 2017-18, impacting major players like BillDesk and CCAvenue.
The Economic Times Subdued market conditions lead to 25% drop in deal value for India Inc in November
India's deal activity slowed in November, with M&A dropping 22% in volume and 25% in value compared to October. PE activity saw the lowest volumes this year but a 30% value increase, driven by large deals in retail, agriculture, and energy, including Zepto's $350 million raise. Domestic deals dominated M&A, while US companies showed strong interest in cross-border transactions.
The Economic Times India Inc looking at year on-year growth of 9.75% in hiring for 2025-26
Indian companies project a 9.75% hiring increase in FY 2025-26, driven by global capability centers, core sectors, and BFSI. Replacement hiring will account for 76% of new positions. Tier 2 and 3 cities are emerging as talent hubs, with digital, sustainability, and cybersecurity skills in high demand.
The Economic Times Sexual harassment complaints at India Inc rise by 79% in last 5 years
The POSH policy requires companies to disclose the number of sexual harassment complaints filed and resolved during a given year.
The Economic Times India Inc is in the mood to hire more in Q4; IT companies buoyant
India's hiring outlook for January-March 2025 is at a robust 40%, exceeding the global average by 15 points. The IT sector leads with a 50% outlook, driven by AI investments and multinational interest. Western India shows the strongest regional outlook at 43%. Larger organizations and gender pay equity initiatives are also driving positive hiring trends.
The Economic Times CFOs cautiously optimistic after RBI cuts GDP growth forecast, bank on strong urban demand
Finance executives believe the RBI's decision to reduce the Cash Reserve Ratio (CRR) by 50 basis points, aimed at boosting liquidity, is a positive step for businesses.
The Economic Times Inflation, growth, and rupee stability will be focus areas for new RBI Governor: KV Kamath
Primarily, I would believe that that would continue going forward with whoever is the governor and with Governor Malhotra there, I think we are in very good hands because he brings several, I would say, set of experiences.