The Economic Times
The Economic Times CEAT eyes larger premium play in OHT, tracks business after deal with Michelin
CEAT finalized a deal to acquire Michelin's Camso off-highway tyre and track business for $225 million. This acquisition allows CEAT to enter the faster-growing, high-margin track segment, expanding its global presence with access to over 40 international OEMs and two Sri Lankan manufacturing facilities.
The Economic Times Higher share of off-highway tires business to boost overall business margins: Anant Goenka
Ceat's acquisition of Michelin's off-highway tyre (OHT) brand Camso for USD 225 million is projected to boost Ceat's margins. The deal will increase the share of OHTs, which have higher profit margins, from 15% to 25-30% of Ceat's overall mix. The acquisition adds a billion-dollar brand to Ceat's portfolio and expands its presence in the agricultural tyre segment.
The Economic Times Auto retail sales up 11.21 pc in Nov riding on two-wheeler demand: FADA
India's November vehicle sales showed mixed results. Two-wheeler sales surged by 15.8 percent due to festive demand. However, passenger vehicle sales dropped by 13.72 percent. Commercial vehicle sales also dipped. Three-wheeler sales saw a modest rise. The industry remains cautiously optimistic about December, expecting some growth.
The Economic Times India's industrial output likely rose by 3.7% in October on festive demand: Report
India's industrial production likely rose 3.7% in October 2024, fueled by festive demand, according to a Union Bank of India report. This growth, though lower than October 2023's 11.9%, was supported by improved rural and urban consumption and a recovering core sector. Increased auto production and consumer non-durables signaled positive demand shifts.
The Economic Times Key investment destination: FDI inflows in India cross $1 trillion
India attracted over a trillion dollars in foreign direct investment between April 2000 and September 2024. Mauritius, Singapore, and the US were the top investors. Key sectors included services, software, and telecommunications. Inflows surged after 2014, exceeding the previous decade's figures. Experts predict continued growth, driven by strong economic performance and government initiatives.
The Economic Times India's Luxury Property Market Is a Boon to Trump's Business
With Donald Trump's return to the White House, his business interests in India, including multiple Trump-branded towers, raise concerns about potential conflicts of interest. Indian developers pay licensing fees to use the Trump name, and the Trump Organization plans to expand its presence in the growing Indian luxury market, despite past ethical scrutiny.
The Economic Times Supporting entrepreneurship and ease of doing business critical for India's growth: Nilesh Shah
The Managing Director of Kotak AMC attributed India’s growing global appeal to improvements in infrastructure, financing, and manufacturing capabilities.
The Economic Times Adani Group most attractive among India corporates: Nomura report
The Adani Portfolio of companies appear "most attractive" among Indian corporates, according to Japanese brokerage Nomura, as other Indian corporates stay at "expensive levels" compared to the Group companies.
The Economic Times Mapping new heights: India's geospatial market to reach Rs 25,000 crore by 2025
India’s geospatial market is set for explosive growth, fuelled by technological innovations and increasing demand across key sectors. India Geospatial Market Outlook 2024, a knowledge paper published by Geospatial World, recently forecast increased adoption of geospatial technologies across industries here.
The Economic Times Race for GCCs now in heightened state(s)
Several Indian states are vying to attract global capability centres (GCCs) by offering incentives and developing infrastructure. Uttar Pradesh, Madhya Pradesh, Telangana, and Andhra Pradesh are drafting policies to compete with established hubs like Bengaluru and NCR. These states aim to leverage their strategic locations, young workforce, and emerging sectors like AI and cybersecurity to draw multinational investment.
The Economic Times India to become USD 30 trillion-economy by 2047: Union Minister Pradhan
Union Education Minister Dharmendra Pradhan projected India's economic growth to USD 30 trillion by 2047. He stated India's current position as the fifth-largest and fastest-growing economy, anticipating its rise to third place within three years, reaching USD 5 trillion.
The Economic Times IBC under scrutiny: RBI's Rao urges better oversight for creditors’ committees
RBI Deputy Governor M Rajeshwar Rao advocated for a mandatory code of conduct for the Committee of Creditors (CoC) in insolvency resolutions. He highlighted issues like prioritizing individual interests over collective ones and disagreements over valuation and distribution. Rao suggested empowering the IBBI to enforce these norms and emphasized the deterrent role of insolvency processes.
The Economic Times NCLT asks two Tata NBFCs to seek merger nod from stakeholders
The National Company Law Tribunal (NCLT) has directed Tata Capital and Tata Motors Finance to hold shareholder and creditor meetings. The meetings aim to secure approval for the proposed merger of the two Tata Group non-banking finance companies. The companies believe the merger will create growth opportunities and combine expertise.
The Economic Times Rate cut in Feb '25; muted growth expected on the back of low investments: Economists
The Reserve Bank of India in its lastest MPC meeting kept the repo rate unchanged at 6.5 per cent for the 11th consecutive time with a neutral policy stance. The RBI has further projected FY25 growth at 6.6 percent, down from 7.2 percent. Will growth rebound amid inflationary pressures? What risks and drivers will define the road ahead? Inflation stickiness and potential rate cuts, how will they shape strategies? Top Economists answer these and more, here's what they said:
The Economic Times Sebi warns investors against unregistered online platforms offering unlisted debt securities
Sebi cautioned investors against using unregistered online platforms offering unlisted debt securities. These platforms operate outside Sebi's regulatory purview, lacking investor protections. Investors are urged to use platforms operated by registered stockbrokers and report suspicious activities to Sebi. BSE also warned against schemes offering guaranteed stock market returns.