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The Economic Times
The Economic Times Rockwell Automation looks at India as important manufacturing hub
Rockwell Automation, expanding beyond software and IT, is establishing a Chennai manufacturing hub. The two-phase factory, starting production in May 2024, will initially focus on the semiconductor sector and later on data centers. This move aligns with India's goal of boosting manufacturing's GDP contribution and creating jobs.
The Economic Times LG plans to set up manufacturing unit at Andhra, fears competition from parent entity
However, it also added that despite localisation efforts, there is a persisting reliance on foreign components and finished products, especially in the premium segment.
The Economic Times Cadbury parent Mondelez exploring Hershey acquisition: Report
Mondelez International, the owner of Cadbury, is considering acquiring Hershey, potentially creating a confectionery giant. Hershey's shares surged 17% following the news of the preliminary approach, while Mondelez's dipped about 4%. This isn't Mondelez's first attempt; a $23 billion bid was rejected in 2016. There's no guarantee a deal will be reached.
The Economic Times Reliance Industries seeks up to $3 billion loan for refinancing
Reliance Industries is discussing a potential $3 billion loan with banks to refinance debt due in 2025. This move would mark the conglomerate's return to offshore borrowing since raising over $8 billion in 2023. The loan comes as the Indian rupee weakens and Reliance Industries maintains a credit rating higher than India's sovereign grade.
The Economic Times Outgoing RBI Governor Shaktikanta Das highlights inflation-growth balance, cybersecurity, and geopolitical risks as key challenges ahead
Outgoing RBI Governor Shaktikanta Das Highlights Restoring Inflation-Growth Balance, Cybersecurity, and Geopolitical Risks as Key Priorities for Central Bank in Future.
The Economic Times Lenskart to set up world’s largest eyewear manufacturing facility in Telangana with Rs 1500 crore investment
Lenskart is investing Rs 1500 crore to build the world's largest eyewear manufacturing facility in Telangana, India. The factory at Fab City will produce eyewear and accessories for domestic and international markets, creating about 2100 jobs. Telangana was chosen for its business-friendly environment, and an R&D facility may also be established later.
The Economic Times Digital India has laid foundation for ‘Viksit Bharat’ by 2047: Minister Kirti Vardhan Singh
Over the past 11 years, the government has brought a digital revolution, inspiring citizens to work digitally, which has had an unprecedented impact on 1.4 billion people, the minister said during a press conference on ‘Digital Infrastructure and Connectivity’.
The Economic Times Shaktikanta Das remembers Late Arun Jaitley; extends gratitude to PM, FM
Shaktikanta Das finished his term as RBI Governor. He thanked Prime Minister Modi, Finance Minister Sitharaman, and the late Arun Jaitley. Das acknowledged the support of the RBI team and stakeholders. He oversaw the bank during challenging times. Sanjay Malhotra, the current Revenue Secretary, has been named the new RBI Governor.
The Economic Times Indian ESDM industry projected to surpass Rs 9 lakh crore by FY28
The Indian electronics system design and manufacturing (ESDM) industry, valued at about Rs 2.09 lakh crore in FY23, is estimated to reach Rs 9.09 lakh crore by FY28E, at a compound annual growth rate (CAGR) of 34 per cent, a report said on Tuesday.
The Economic Times Balancing inflation and pushing growth will be key priorities for new RBI Governor: Dinesh Kumar Khara
"I think, yes, it is actually containing inflation and also pushing growth. Both are something which I am sure would be the focus for the new governor, that is my senses", says Dinesh Kumar Khara, Former Chairman, SBI.
The Economic Times Government partners with Flipkart to boost Indian startups
In a significant step to support India's startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Flipkart, e-commerce platform.
The Economic Times RBI OKs Burman family's open offer for Religare
The Reserve Bank of India (RBI) has approved the Burman family's plan to acquire an additional 26% stake in Religare Enterprises. This follows a tussle for control of the NBFC. The RBI's approval, valid for one year, comes with conditions, including maintaining the current management structure and requiring consolidation of NBFCs within the Burman group by March 31, 2026.
The Economic Times GST officers detect Rs 35,132 cr ITC evasion by over 17,000 fake firms
GST authorities uncovered INR 35,132 crore in input tax credit (ITC) fraud by 17,818 fictitious firms between April and October. Sixty-nine arrests were made, and INR 6,484 crore was recovered through ITC blocking and other measures during a special drive targeting these fraudulent entities. Data analytics and intelligence gathering played key roles in these detections.
The Economic Times 'Reform, Perform, Transform' powered India's growth: PM Modi
CM Bhajan Lal Sharma said investment worth Rs 35 lakh crore has been pledged by industrialists so far.
The Economic Times Shaktikanta Das shares final goodbye as he demits RBI office today, thanks PM Modi, Sitharaman and others
Shaktikanta Das on Tuesday shared his final goodbye as he is set to demit RBI Governor's office today, following announcement of Sanjay Malhotra as the 26th chief of the central bank.
