The Economic Times The Economic Times

The Economic Times India's election manifesto should be big-ticket reforms: CII President

R Dinesh, President of CII emphasised big-ticket reforms and broad consensus amongst the centre and the states to make the sea-change. Speaking with CII President, he said, "From an industry perspective, let me make four broad points. First and foremost, we are saying that India should have growth and it should be inclusive growth, which is very important for us, both from an industry perspective and also from the country's economic growth perspective."

The Economic Times Govt allows tobacco cos to fill their monthly returns through special procedure till May 15

Government extends CBIC's new procedure deadline for pan masala and tobacco product manufacturers till May 15 to improve GST compliance, facing challenges due to lack of machinery details, GST Network advisory, and forms for filing.

The Economic Times As mercury begins to soar, India Inc steps up to keep workers sun-safe

Measures to safeguard workers during the brutal summer months include restricted work hours, flexibility, resting areas and water stations, access to energy drinks, oral rehydration solution (ORS), medicines, access to health professionals, and breathable clothing, among others. Some ecommerce companies are even enabling additional earnings.

The Economic Times More and more Indian companies focus on enhancing women's professional development

As companies try to deal with changing technology and talent scenarios, they are making it a point to prioritise investments in leadership development and foster diversity and inclusion to drive resilience and innovation.

The Economic Times At 4.85%, India's retail inflation eases to five-month low in March

In March, India's retail inflation reached a five-month low of 4.85 per cent, attributed to reduced food prices, according to the Ministry of Statistics & Programme Implementation (MOSPI). The CPI Food index fell to 8.52 per cent, while industrial production rose by 5.7 per cent in February 2024.

The Economic Times More and more Indian companies focus on enhancing women's professional development

As companies try to deal with changing technology and talent scenarios, they are making it a point to prioritise investments in leadership development and foster diversity and inclusion to drive resilience and innovation.

The Economic Times Piramal Enterprises invests over Rs 500 cr in Puravankara's projects

The investment encompasses a range of projects, spanning from commercial properties to residential ventures, reflecting a strategic collaboration aimed at bolstering real estate endeavours across multiple regions in India.

The Economic Times ET Exclusive: Japan’s MUFG set to pick 20% stake in HDFC Bank arm HDB Financial for $2 bn

Bank of Tokyo-Mitsubishi UFJ (MUFG) is set to buy a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank, at a valuation of $9-10 billion. The decision is expected to take place next week at the HDFC Bank board meeting. The deal is expected to be among the largest deals in the shadow banking space in India. HDFC Bank owns 95% of the shadow bank, while employees own 5% as ESOPs.

The Economic Times Get ready for global turbulence, China imploding: Uday Kotak warns

Uday Kotak has warned of global economic turbulence as US inflation may delay rate cuts, keeping interest rates elevated. Kotak predicts US rate cuts postponed until closer to US elections while the rates will remain elevated in global economies including in India. Fed officials see key interest rate peaking, aiming to ease policy gradually. US inflation surges, dampening rate cut expectations.

The Economic Times GSTR-1 filing due date to be extended till Apr 12: GSTN

​​ In a post on X (formerly Twitter), the GST Tech said the GSTN has noticed that taxpayers are facing difficulties in filing GSTR-1 intermittently since Wednesday due to technical issues leading to slow response on the portal.

The Economic Times Economy poised for 8-9% growth, says CII President

"We should consider establishing a fund to support new-age manufacturing, similar to the Innovation Fund that the government has already announced. This will play a crucial role in scaling up capacity and capability to create larger large-scale Indian manufacturing businesses," said Confederation of Indian Industry (CII) president R Dinesh.

The Economic Times Banks seek flexible reserve norms as RBI weighs risks

Lenders have asked the RBI to permit the compulsory portion of funds set aside for the maintenance of the Cash Reserve Ratio (CRR) to be made eligible as High Quality Liquid Assets (HQLA) for the purpose of computing Liquidity Coverage Ratio (LCR), sources aware of the developments told ET.

The Economic Times FMCG hopes hinge on rains, polls & inflation: Britannia MD

On Tuesday, private forecaster Skymet predicted a normal monsoon for the year, lifting optimism for farm output and rural demand, crucial for sustained revival of the FMCG sector. Last year saw irregular monsoons with either below normal or erratic rains. India's villages contribute nearly 40% of annual FMCG sales.

The Economic Times Oil’s rise complicates global war on inflation

Rising oil prices pose inflation risks for India, with a $10/barrel hike potentially increasing consumer prices by 0.2-1.4%. Asian economies, especially net importers of crude, are sensitive to CPI and could face challenges.

The Economic Times Fitch Co flags concerns over Vedanta demerger

While Vedanta has said that it aims to value the assets of its demerged entities by their book values, CreditSights believes that it is a relatively straightforward approach as book values are captured at a point in time, "carrying values could be outdated, and may not accurately reflect future profitability and cash flow generation of the business".