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The Economic Times
The Economic Times Angel tax removal helped reverse flipping, startup funding $155 bln in 2024: DPIIT
Start-ups are returning to India after the abolition of angel tax, signifying positive changes in the business environment. The Department for Promotion of Industry and Internal Trade (DPIIT) is also working to increase capital mobilization through various initiatives, including collaborations with foreign entities and funding schemes to support the startup ecosystem.
The Economic Times Relief for GST taxpayers: Deadline for GSTR-1 and GSTR-3B extended after GSTN reported technical issues with the portal
GST return deadline: The deadline for GSTR-1 and GSTR-3B both, has been extended by 2 days each. GSTR-1 deadline is now January 13, 2025 while GSTR-3B deadline is now January 22, 2025. However for quarterly GSTR-3B filers the deadline has been extended to January 24 and 26, 2025 depending on the state.
The Economic Times Aim to be data hub of the world: Piyush Goyal
"I see huge demand for data centres because of our interconnected grid, our sustainability thrust, trust on India's systems and processes and the business policies," he said.
The Economic Times Infosys charges Cognizant & its CEO of misusing trade secrets
Infosys filed a counter lawsuit against Cognizant accusing it of using unfair tactics and trade secret misuse to hinder its healthcare platform, Infosys Helix. Ravi Kumar S, a former Infosys executive and current Cognizant CEO, allegedly delayed the launch of Infosys Helix. This legal action follows a lawsuit by Cognizant's subsidiary against Infosys for stealing trade secrets.
The Economic Times Small small but premium: FMCG bets on ‘access packs’ to boost demand
Companies like Hindustan Unilever, Britannia, ITC, and Colgate Palmolive are introducing smaller, lower-priced packs of premium products to boost demand in urban markets. This strategy aims to attract price-sensitive consumers and increase accessibility amid weak urban demand. Smaller packs are helping drive trial, push impulse purchases, and prevent customers from switching to lower-priced local brands.
The Economic Times Work-life balance essential, not optional: Industry leaders on L&T chief's remarks
As the 90-hour work week debate rages, industry leaders Harsh Mariwala, Harsh Goenka and Rajiv Bajaj have weighed in, saying work-life balance is not optional but is essential, and working hard to succeed is not about the hours clocked in. The suggested practise of working for long hours, if at all required to be followed, must start from the top.
The Economic Times Low data rates: India's new ringtone to attract foreign companies
India is promoting its low data tariffs and rapid adoption of 5G services to attract foreign investments from companies in sectors such as ride hailing, telemedicine, and digital payments. The government aims to highlight affordable internet access and the growing availability of 5G devices to potential global investors.
The Economic Times With lower hikes, MNCs in India to start 2025 on cautious note
Multinational companies in India are planning flat to slightly lower salary hikes for 2025 due to global economic uncertainties. GCCs are offering the highest, though marginally lower increments than last year. Most salary projections across sectors, including technology, financial services, and manufacturing, show slight declines or remain steady compared to FY24.
The Economic Times NFRA asks auditors to closely scrutinise ECL estimates, calls for stronger communication with audit committees
NFRA has called for stronger collaboration between auditors and audit committees in its latest report, highlighting the need for thorough scrutiny of Expected Credit Loss (ECL) estimates under Ind AS 109, especially in financial institutions and related party transactions.
The Economic Times Airtel Africa promotes Kamal Dua as CFO
Airtel Africa appoints Kamal Dua as new CFO, effective July 2025, following Jaideep Paul's retirement. Dua, currently Deputy CFO, brings more than 15 years of experience, including stints at Bacardi and Tata Teleservices.
The Economic Times India's industrial growth accelerates to 6-month high in November
India's industrial growth, reflected in the Index of Industrial Production (IIP), accelerated to a 6-month high of 5.2 per cent in November, up from 3.5 per cent in October of the current financial year (2024-25), according to data released by the Ministry of Statistics on Friday.
The Economic Times DPIIT holding meeting with AIFs to promote capital mobilisation for startups: Official
The Department for Promotion of Industry and Internal Trade (DPIIT) conducts a meeting with 75 alternate investment funds (AIFs) to explore ways of enhancing funding for startups. Key discussions include capital mobilisation and support for startups in smaller cities under the Centre's Fund of Funds Scheme (FFS).
The Economic Times Startup funding in India rises to USD 115 bn from USD 8 bn in 2016: DPIIT
The Department for Promotion of Industry and Internal Trade (DPIIT) released figures of Startup performance in India as a curtain raiser to celebrate National Startup Day on January 16.
The Economic Times India's industrial production growth quickens to a 6-month high of 5.2% in Nov
India's industrial output, as measured by the Index of Industrial Production (IIP), grew by 5.2% in November 2024, reaching a six-month high, up from 3.5% in October. Manufacturing output rose by 5.8%, while mining production increased by 1.9%, and power output grew by 4.4%. For the April-November period, industrial output increased by 4.1%, compared to 6.5% in the same period last year.
The Economic Times Inflation will be major concern in FY26 due to higher raw material costs: Report
Inflation remains the major risk going forward for the financial year 2026 due to the higher cost of raw materials, according to a DAM Capital report.
