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The Economic Times
The Economic Times CBI files chargesheet against Fedders Electric over Rs 1,028 cr loss to banks
The CBI has filed a chargesheet against former executives of Fedders Electric and Engineering and others for allegedly defrauding a consortium of banks led by SBI of over ₹1,028 crore. The charges include cheating, criminal conspiracy, and forgery.
The Economic Times Indian households accumulated USD 9.7 trillion in wealth over last ten years: Morgan Stanley
Indian households have accumulated a remarkable USD 9.7 trillion in wealth over the past decade, according to a recent report by Morgan Stanley.
The Economic Times SC junks Sebi plea against SAT Relief to RIL, Ambani brothers
The Supreme Court dismissed SEBI’s appeals against penalties on Reliance Industries and its promoters, which were quashed by the Securities Appellate Tribunal (SAT). However, the court agreed to hear Reliance’s cross-appeal regarding the price manipulation case involving RPL shares
The Economic Times Why Ambani the hydrocarbon king is betting on a humble business
Reliance Industries, led by Mukesh Ambani, is pivoting towards clean energy by investing heavily in compressed biogas (CBG) plants. This move aligns with India's push for a gas-based economy and aims to utilize agricultural waste to produce cleaner fuel, potentially reducing reliance on LNG imports and addressing the issue of stubble burning.
The Economic Times CPI surges to 10-month-high at 6.21% in Oct; IIP improves to 3.1% for Sept
India’s retail inflation climbed to 6.21% in September, breaching the RBI's 2-6% target in October. Food prices surged 10.87%, with rural and urban inflation at 6.68% and 5.62%, respectively. Industrial production improved, rising 3.1% in September, driven by manufacturing growth, according to MoSPI data.
The Economic Times NSE inks pact with Zomato to empower delivery partners with financial literacy
The National Stock Exchange of India (NSE) has partnered with Zomato to launch a financial literacy program for Zomato's delivery partners. The program aims to educate over 50,000 gig workers on personal finance management, including budgeting, saving, investing, and debt management. The initiative will be delivered in multiple regional languages to ensure accessibility and inclusivity.
The Economic Times India at take-off stage of development with young population, robust infra growth: Mark Mobius
India is now at the take-off stage of development where the young demographic with higher productivity, digitisation of the economy, and a robust infrastructure growth will help the country become a major global economy in the years to come, Mark Mobius, of Mobius EM Opportunities Fund, said on Tuesday.
The Economic Times Colgate will be a preferred choice in the market amid rising snacking culture, says CFO Jacob
Colgate-Palmolive (India) says that it aims to deliver exceptional value to its consumers while improving oral health for everyone in India.
The Economic Times Sebi gives nod to Inventurus and Manjushree Technopack to float IPOs
After refiling their IPO documents in August, the companies gained regulatory approval between November 4 and 8. Their shares will be listed on the BSE and NSE
The Economic Times Quess Corp's open job mandates decline; CFO says firm on track for steady growth in H2 amid challenges
Quess Corp is poised for steady growth in FY25, driven by its diversified business model, margin expansion, and strategic initiatives, despite regulatory challenges and a softening job market, says CFO Kamal Pal Hoda.
The Economic Times US-based funds pulling out money from India at fastest pace since Jan 2022: Report
Over the last five weeks, a total of $575 million have been pulled out of India-dedicated funds, Elara Capital said. Out of the $575 million, a total of $360 million was redeemed from largecap funds, while $215 million was withdrawn from mid-cap funds.
The Economic Times Godrej Industries to buy Savannah Surfactants' food additives, emulsifier biz for Rs 76 cr
Godrej Industries is set to acquire the food additives and emulsifier business of Savannah Surfactants Limited for Rs 76 crore. The deal will see Godrej Industries expand its product offerings to the Food & Beverages segment. Savannah Surfactants Ltd has a manufacturing capacity of 5,200 tonnes per annum of finished products.
The Economic Times Physis Capital gets Rs 150 cr commitment for Rs 400 cr fund
Venture capital firm Physis Capital has secured Rs 150 crore in commitments for its Rs 400 crore fund. The firm plans to invest in 12-15 Indian startups and expects to reach final close by early 2026. Physis Capital has already made two investments, including Rs 5 crore in CTPL, a university admissions support provider.
The Economic Times Budget 2025: Nirmala Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
Finance Minister Nirmala Sitharaman is set to meet with state counterparts on December 21-22 for pre-budget discussions and a GST Council meeting. Key agenda items include potential GST exemptions for certain insurance policies and rate reductions on various goods. The Council may also consider raising GST on luxury items like high-value shoes and watches.
The Economic Times India’s net direct tax collection grows by 15.4% to Rs 12.1 trillion
Net direct tax collection surged 15.4% to Rs 12.1 lakh crore as of November 10, 2024, after refunds of Rs 2.91 lakh crore. The net direct tax collection was Rs 10.48 lakh previous year. Gross collections reached Rs 15.02 lakh crore, up 21.2% year-on-year.
