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The Economic Times
The Economic Times Apple India profit soars, so does dividend payout
Apple India's dividend payout to its Irish holding company more than doubled to ₹3,302 crore in FY24, exceeding its net profit for the first time. This comes as iPhone sales surged in the country, boosting Apple India's revenue by 36%. While analysts acknowledge the impressive revenue, they also point to stagnant operating margins and increased inventory as potential challenges.
The Economic Times India's Blue Energy Motors plans to raise $100 mln by January, CEO says
India's Blue Energy Motors plans to raise $100 mln by January, CEO says
The Economic Times TeamLease targets 10% hiring cost reduction with new tech platform; CFO optimistic on growth despite muted BFSI and IT hiring
TeamLease Services remains bullish on growth despite a slowdown in BFSI hiring and muted IT demand, focusing on cost efficiency through tech investments to drive future hiring and profitability, says CFO Ramani Dathi.
The Economic Times India and South Africa Join Forces to Establish Chamber of Commerce, Strengthening Bilateral Economic Ties
In 2024, India and South Africa celebrate the 30th anniversary of their diplomatic relations, marking three decades of deep-rooted historical ties and cooperation. In support of the strong bilateral relations between South Africa and India, the private sector of both countries has collaborated in launching the India-South Africa Chamber of Commerce (ISACC) as an important and strategic platform in deepening and diversifying economic relations between the two countries.
The Economic Times Digital transfers of funds for public services up 56 pc in 2024: RBI Deputy Guv
The average number of daily e-transactions to access public services in India has increased by 56 per cent in 2024 compared to the previous year while there has been a transfer pf Rs 6.9 lakh crore through the digitally-powered Direct Benefit Transfers (DBT) under 314 schemes, benefiting 176 crore beneficiaries in the financial year 2023-24, RBI deputy Governor Michael Patra said on Wednesday.
The Economic Times UK businesses drive growth and sustainability in India, generating over Rs 5,000 bn in revenue: Report
UK businesses are making a big impact in India, generating over Rs 5 trillion in revenue and employing over half a million people. The India-UK Free Trade Agreement is expected to further boost this growth, particularly in sectors like renewable energy and technology. British investments are supporting India's economic development and sustainability goals.
The Economic Times Mercedes-Benz India cruises to double-digit growth as demand for luxury cars rises
Mercedes-Benz India is on course to close the current year with a double-digit jump in sales, fuelled by the rising demand for luxury cars in a fast-growing economy, the company's managing director Santosh Iyer has said.
The Economic Times India set to become 'major producer' of electric vehicles like China: Mark Mobius
India, which began its electric vehicle (EV) journey with two-wheelers, is set to become a "major producer" of electric vehicles like China in years to come, ace global investor Mark Mobius has said.
The Economic Times Co-working and learning facility will boost employee productivity in TN: WorkEZ
The Tamil Nadu government's new co-working and learning facility in Chennai is being praised by industry leaders. The facility, called "Mudhalvar Padaipagam," aims to provide an affordable and modern workspace for startups and individuals. Experts believe this initiative will boost employee productivity and attract more companies to the state.
The Economic Times Pernod Ricard emerges as largest Indian spirit maker with Rs 26,773 cr revenue in FY24
Pernod Ricard India Pvt Ltd (PRI) has reported an overall 6.9 per cent increase in its revenue from operations for FY24, and its profit rose 20.9 per cent to Rs 1,620.58 crore, according to the Registrar of Companies data accessed by business intelligence platform Tofler.
The Economic Times India's infrastructure push to be among largest in 21st century: KPMG
India is likely to see implementation of one of the biggest infrastructure programmes in 21st century, amongst the largest economies and creating fiscal sources of capital would be key to this initiative, according to a KPMG report.
The Economic Times India cenbank retains SBI, HDFC Bank, ICICI Bank in too-big-to-fail list
INDIA-CENBANK-India cenbank retains SBI, HDFC Bank, ICICI Bank in too-big-to-fail list
The Economic Times Vedanta Resources plans to sharply reduce cost of funding by April
The $850 million private credit facility from Standard Chartered Bank, which carries a high interest rate of 18%, is secured against future brand fee receivables. These brand fees, projected at around $300 million annually, help VRL with a recurring revenue stream that partially services this private credit.
The Economic Times IDFC FIRST Bank Launches FIRST Wings Start-up Lounge to Empower Indian Start-ups
IDFC FIRST Bank launched its inaugural "Start-up Lounge" in Bangalore to bolster early-stage businesses. The lounge offers resources, mentorship, and networking opportunities, including a dedicated banking program with tailored financial solutions. The bank aims to foster innovation and growth within the startup ecosystem.
The Economic Times Nvidia and SoftBank pilot world's first AI and 5G telecom network
"Every other telco will have to follow this new wave," SoftBank Group CEO Masayoshi Son said at an AI event where he was speaking alongside Nvidia CEO Jensen Huang.
