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The Economic Times From creativity to financial decisions, here are some powerful uses of AI to unlock its full potential
In today's business world, harnessing AI's potential is vital for staying competitive. Despite misconceptions, AI isn't just a buzzword—it's driving innovation. Businesses use AI for creative tasks like art and music generation, and for optimizing operations and financial decision-making. As AI evolves, its responsible integration promises a future where technology enhances human potential rather than replacing it.
The Economic Times LinkedIn Top Companies 2024 List: Here are the top companies in India according to LinkedIn
LinkedIn has released its annual ranking of the top 25 workplaces in India, showcasing the most sought-after companies for career progression and job opportunities. Tata Consultancy Services (TCS) retains the top spot, followed by Accenture and Cognizant. The financial services sector dominates the list, with nine companies featured. In the midsize category, Lentra and MakeMyTrip lead the rankings. The report highlights hiring trends, with Bengaluru as the top hiring location, and emphasizes the importance of investing in employee experience to attract and retain talent in the evolving job market.
The Economic Times NIIF eyes $1 billion for second Private Markets Fund
NIIF is gearing up to secure approximately $1 billion for its second Private Markets Fund (PMF), according to people familiar with the matter. PMF-II will support private equity and venture capital funds focused on India.
The Economic Times Indus expects Vi to clear full dues worth Rs 5,700 cr soon, open to payment in tranches
Indus Towers anticipates Vodafone Idea clearing its Rs 5,700 crore dues soon, potentially in one payment or in installments, following VIL's fundraising. Indus Towers' CEO expresses optimism, highlighting their support for VIL's growth plans, including 5G rollout. VIL aims to raise Rs 45,000 crore, partly through equity and debt.
The Economic Times DS Group’s Catch Spices crosses Rs 1,000 crore in sales
The company said Catch has grown 24% year-on-year over the last two years, and has a reach in over seven lakh retail touch points and 1,500 distributors. “We were in metros and mini metros earlier. Now our focus is on second and third tier cities,” Kumar said, adding that the company is looking to push distribution to towns even with a population of a lakh.
The Economic Times Maruti Suzuki India gets revised ₹2.5 crore tax demand
"Even on revised total demand of Rs. 25 million, the company will be filing appeal against the order before the Supreme Court. As per the company's view, the order will have no major impact on the financial, operation or other activities of the Company," Maruti Suzuki said in an exchange filing.
The Economic Times Spinning industry expects operating margins to improve by 150-200 basis points this fiscal after hitting decadal low
CRISIL Ratings foresees improved operating margins for the cotton yarn spinning industry, driven by factors like revenue growth, stable cotton prices, and enhanced credit profiles. The industry's financial health is expected to strengthen further.
The Economic Times Hinduja arm asks NCLT to junk BHEL insolvency plea
Hinduja National Power Corporation Ltd (HNPCL) has requested the dismissal of an insolvency petition filed by public sector undertaking Bharat Heavy Electricals Ltd (BHEL) due to the PSU's failure to complete the project as per the contract. The case has been dragging on for over four years, with BHEL claiming HNPCL failed to make a payment of ₹281 crore.
The Economic Times NTPC green to file DRHP by July, aims for listing by November
NTPC's green energy arm plans a ₹10,000-crore IPO by November, focusing on clean energy, e-mobility, and renewable capacity addition. The company aims for 60 GW renewable energy capacity by 2032.
The Economic Times Zee-Sony merger: Zee Ent announces withdrawal of merger implementation application from NCLT against Sony
Zee Entertainment Limited has withdrawn its merger implementation application filed against Sony, citing legal advice. The decision allows the company to continue aggressively pursuing its claims against Sony in ongoing arbitration proceedings at the Singapore International Arbitration Centre and other forums. The company aims to evaluate strategic opportunities and generate higher value for shareholders.
The Economic Times RBI moves to regulate PoS payment players like Pine Labs, Innoviti, MSwipe
Companies like Innoviti Payments, Pine Labs and MSwipe will be brought under regulatory cover now. The regulator said companies providing the service will need to apply for authorisation from the RBI by May 31, 2025.
The Economic Times Vodafone Idea raises Rs 5,400 crore from nearly 60 anchor investors
Vaishnav told ET that the government will support every effort made by the telco while Somanathan, also speaking to ET, added that the government's aim is to support competition in the sector.
The Economic Times Report all high-value transactions of FY23 by June 30: CBDT
CBDT mandated SROs to report high-value transactions by June 30. 6,000 entities failed to comply, lacking data. Form 61A enforcement in progress for Income Tax Act adherence.
The Economic Times IMF raises India’s FY25 growth forecast to 6.8%; FY26 outlook unchanged
The International Monetary Fund (IMF) has revised its forecast for India's economy, predicting a 6.8% growth in FY25 and 6.5% in 2025. This follows upward revisions by other international lenders, which predict strong domestic demand and a revival in the rural economy. The IMF also revised its FY24 growth forecast to 7.8%, higher than the government's estimate of 7.6% for the year.
The Economic Times India's unemployment rate to decline 97 basis points by 2028: ORF Report
"India's job market is experiencing a transformation as the country has become the world's fastest growing large economy in the aftermath of the Covid-19 pandemic," the report said.
