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The Economic Times
The Economic Times New audit regime in sync with Viksit Bharat vision: NFRA chief
The National Financial Reporting Authority (NFRA) proposes aligning Indian audit standards with global norms by April 2026. The chairman emphasized this as a major reform for corporate governance and attracting investors, ensuring a transparent financial system in India's journey to becoming a developed nation.
The Economic Times Hybrid work model is here to stay in New Year, too
Many Indian companies, including Infosys, ITC, and KPMG, are shifting towards hybrid work models in 2025. This move prioritizes employee well-being and flexible work arrangements, with most employees attending offices up to three days a week.
The Economic Times India Inc fares well in Sept quarter, minus oil & gas
Indian companies, excluding oil and gas, reported solid double-digit profit growth for the seventh consecutive quarter, although the pace of expansion slowed. While banks and finance companies performed well, overall earnings were subdued due to a higher base effect and rising interest costs.
The Economic Times Dollar sits atop one-year peak as Powell sends yields up, China data mixed
The U.S. dollar surged to near one-year highs as Federal Reserve Chair Jerome Powell signaled a cautious approach to interest rate cuts, boosting Treasury yields. Asian shares stabilized after a volatile week, while the euro weakened against the dollar. Chinese retail sales exceeded expectations, offering a glimmer of hope for the global economy.
The Economic Times India records trade deficit at $27.1 Billion in Oct; exports highest in over 2 years
India's trade data shows a deficit, with merchandise exports dropping and imports remaining high, leading to a USD 27.14 billion merchandise gap. The services sector witnessed a USD 17.02 billion surplus, but the overall trade balance stood at a negative USD 10.12 billion.
The Economic Times Lufthansa Airlines To Cut 20% of Jobs Amid Profit Decline
Lufthansa is projected to cut down on 20% of jobs following a 9% decline in operating profit in the third quarter. AMD is also set to cut its global workforce by 4%.
The Economic Times Boeing begins process to cut 17,000 jobs, reduce global workforce by 10%
Boeing is issuing layoff notices this week as part of its plan to cut 17,000 jobs, or 10% of its workforce. The layoffs come as the company works to restart production of its 737 MAX aircraft following a recent strike and ongoing safety concerns. Boeing secured $24 billion in financing to stabilize its finances amid the turmoil.
The Economic Times India's sports market to reach $130 billion by 2030, create 10.5 million jobs
India's sports market is poised to reach $130 billion by 2030 at a compound annual growth rate (CAGR) of 14 per cent, a Google and Deloitte report said on Thursday.
The Economic Times Risk of inflation coming back and growth slowing down globally, says RBI Governor
Das said, "Soft landing has been ensured, but risks of inflation coming back and growth slowing down do remain. The headwinds from geopolitical conflicts, geoeconomic fragmentation, commodity price volatility and climate change continue to blow."
The Economic Times JPMorgan gives green energy finance ratio for the first time
JPMorgan, facing pressure from investors, disclosed that it provided $1.29 in green energy financing for every dollar backing high-carbon energy in 2023. This ratio, a first for the bank, reflects its growing green energy lending and reduced demand for capital from oil companies.
The Economic Times Sebi set to ease angel fund norms, boost startup funding
Sebi in a move to help upcoming startups have proposed several measures to ease up investor channels. These proposals are in hopes of limiting the investors to the right risk appetite.
The Economic Times PhysicsWallah appoints Amit Sachdeva, ex-BlinkIt exec as CFO
Amit Sachdeva has previously served as the CFO of Blinkit, a quick commerce platform earlier known as Grofers. In his most recent role, Sachdeva was serving as the CFO of IGT Solution and departed from the organisation after serving for about 2 years.
The Economic Times India's top clean energy agency weighs criminal proceedings against Reliance Power
India's top renewable energy agency, SECI, has threatened legal action against Reliance Power, alleging the company submitted forged bank guarantees for a clean energy project bid. SECI stated that Reliance NU BESS, a subsidiary of Reliance Power, engaged in fraudulent activities to secure the project.
The Economic Times IndiGo's aim is to give wings to India, which has great opportunity to produce
IndiGo's CEO, Pieter Elbers, at the CNBC TV18 Global Leadership Summit, shared the airline's ambitious plans to expand its international footprint, aiming to solidify its position in the global market.
The Economic Times X appoints Mahmoud Reza Banki as CFO, two years after Musk's Twitter acquisition
X has appointed Mahmoud Reza Banki as its new CFO, marking the company’s first permanent financial leadership in two years, following Elon Musk’s acquisition and the departure of former CFO Ned Segel.
