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The Economic Times
The Economic Times L&T bags large orders in India, overseas
Larsen & Toubro's power transmission and distribution vertical has secured significant orders ranging between Rs 2,500 crore to Rs 5,000 crore both domestically and internationally. Notable projects include an advanced distribution management system in West Bengal, key substations in Saudi Arabia and Kuwait, and Extra-High Voltage substations in Dubai.
The Economic Times Duty cut on smartphone parts to hit electronics ecosystem, trigger job loss: GTRI
GTRI warns that reducing customs duty on smartphone parts in the forthcoming budget could harm India's growing component ecosystem, discourage investment, and increase imports. This could make local firms uncompetitive, potentially leading to job losses and undermining India's self-reliance goals in electronics production.
The Economic Times Retail inflation likely to moderate to 5% in Dec from 5.5% in Nov: Bank of Baroda
India's CPI inflation may moderate to 5% in December 2024 from 5.5% in November due to sharp declines in vegetable prices, particularly tomatoes, onions, and potatoes, driven by improved mandi arrivals. Favorable global factors and stable edible oil prices further support this trend. However, potential inflationary pressures from domestic currency depreciation need monitoring.
The Economic Times CarDekho eyes $1 billion revenue in next 3 years; to over-invest in AI, says CFO Neelesh Talathi
What's CarDekho Group's revenue growth projection in the years to come? How will it leverage AI? Will it pursue more acquisitions? What's the IPO timeline? CFO Neelesh Talathi answers these questions, sharing insights on the company's plans, investments, and governance strategy.
The Economic Times RBI consolidates instructions on credit information of customers
The RBI has issued a master direction consolidating instructions for banks and financial institutions on credit information reporting. Credit Information Companies must alert customers when their Credit Information Report is accessed. Credit Institutions must inform customers of reasons for data correction requests rejection. Complainants are entitled to compensation if complaints are unresolved within thirty days.
The Economic Times India's metal & mining industry is a bright spot when global market is struggling with stagnant commodity volumes
Indian metal and mining companies are emerging as a bright spot in a global market that is struggling with stagnant commodity volumes, according to a report by Jefferies.
The Economic Times Mercedes-Benz India appoints Emrah Ozer as CFO
Ozer will replace Evren Cakabey, who has taken on the role of Executive Director and CFO at Mercedes-Benz G GmbH in Austria, also effective January 1, 2025, the company stated.
The Economic Times Google to bring Gemini AI to TV sets running its software
The firm’s Google TV platform competes with other major television operating systems, including those from Samsung Electronics Co., Amazon.com Inc. and Roku Inc.
The Economic Times Specialty steel gets new PLI
The Indian government has launched the PLI 1.1 scheme for specialty steel, making it more investor-friendly by lowering investment thresholds and easing compliance requirements. This aims to reduce dependence on imports. The scheme focuses on critical sectors such as infrastructure, renewable energy, and automobiles. Applications opened on Monday and will close at the end of January.
The Economic Times Adani Group partners with Indorama for petchem foray
Adani Enterprises Ltd, "has completed the incorporation process of a joint venture company namely Valor Petrochemicals Ltd (VPL)... with Indorama Resources Ltd, Thailand," AEL said in the filing. The company further added, "VPL is incorporated with the object to set Refinery, Petrochemical and Chemical business."
The Economic Times Industrial & warehousing dominate with $ 2.5 billion in realty investments for 2024
In 2024, institutional investments in Indian real estate reached $6.5 billion, marking a 22% increase from 2023. The industrial and warehousing segment led with $2.5 billion, followed by the office segment at $2.3 billion. Domestic investments notably rose, accounting for 43% of Q4 inflows, reflecting growing investor confidence.
The Economic Times Sachin Bansal in talks to sell $100 million investment in Ola at a premium
Sachin Bansal is negotiating with investors to sell his $100 million stake in Ola, valuing the company at around $4 billion. Bansal aims to liquidate his holdings in Ola to focus on his fintech venture, Navi. Navi has faced some regulatory hurdles while seeking external capital.
The Economic Times Budget 2025: States may get special aid despite capex slip
India Budget: The Centre is set to disburse the next installment of special assistance to states despite unmet capital expenditure targets. The allocation has increased to ₹1.5 lakh crore, with ₹95,000 crore tied to conditions. Due to election-related impacts, states have sought relaxation in conditions to boost spending. Approved projects now total ₹88,000 crore.
The Economic Times Big 4 in India outshine MNC parents; combined revenue seen at over Rs 45,000 crore in FY25
The Indian arms of Deloitte, PwC, EY, and KPMG showed strong revenue growth in FY24, driven by consulting and tech services, with combined revenue reaching nearly Rs 38,800 crore, and are expected to surpass Rs 45,000 crore by FY25. This growth has been fueled by high demand from mid-market clients and government services, despite slower growth due to economic uncertainties.
The Economic Times Trade Unions demand super-rich tax, hike in corporate tax and raising income tax exemption limit to Rs 10 lakh
In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman, trade union leaders suggested a super-rich tax and an increase in corporate tax to fund social security for informal workers.
