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The Economic Times Phoenix ARC buys two stressed loans from IIFL

It has offered 15% cash and 85% security receipts for the loans that include one project in Noida and another in Jogeshwari, Mumbai. Phoenix ARC was the only participant in the open auction, the source said.

The Economic Times India is probably the third largest market for Citigroup's corporate banking business

In the Indian corporate banking scene, Citigroup's global head of corporate banking Jason Rekate highlighted the prominence of companies in infrastructure, pharmaceuticals, and automobiles. Rekate mentioned that these companies are set to make intriguing investments as they focus on shedding non-core but high-quality assets, as reported in an interview with Bhaskar Dutta.

The Economic Times Mukesh Ambani's RIL in spotlight as world's biggest fund managers hunt for AI winners beyond the US

Major investment firms worldwide are seeking the next generation of artificial intelligence (AI) leaders beyond the borders of the United States. Despite the significant rise in the valuation of Nvidia Corp. and a notable increase in a key American semiconductor index, propelled by global enthusiasm for AI, investors are now turning their attention to emerging markets for greater value and a wider array of investment opportunities. Reliance Industries Ltd., led by billionaire Mukesh Ambani, stands out among these emerging players

The Economic Times Restless investors, turnaround hopes await Wipro’s new CEO Srinivas Pallia

Pallia is one of the rare candidates to rise up the ranks to the top within Wipro, which has seen several CEO changes in the last 15 years. Some quick to-dos as he takes charge, experts said, are to boost the morale of the employees of the country’s fourth largest IT services and consultancy firm and reverse senior level attrition.

The Economic Times Big Four set for another wave of partner poachings

Recruitments come at a time when the Big Four firms are strengthening service lines, scaling up advisory practices and filling replacement hiring. Deloitte's actions exemplify this trend, hiring over 50 lateral partners in the past year, with nearly half from rival firms, particularly bolstering cyber, risk, financial services, and tech divisions

The Economic Times Green office spaces demand in India outpaces supply

​The rise of environmentally conscious tenants in commercial real estate, focusing on decarbonizing their portfolios, has led to a significant surge in demand for sustainable buildings across key Indian property markets, surpassing available supply. As corporations aim for fully green-certified office portfolios, competition among tenants is expected to intensify, resulting in higher rents for property owners. ​

The Economic Times Sebi proposes direct reporting of AIFs' PPM changes to streamline compliance cost

At present, AIFs have to intimate any change in the terms of PPM through a merchant banker to Sebi, along with a due diligence certificate from them. It has to be done on a consolidated basis within one month of the end of each financial year.

The Economic Times India Inc heavyweights look to AI to drive innovation and efficiency

CEOs, CXOs in India prioritize upskilling in GenAI for business transformation. Insead and upGrad witness surge in professionals seeking AI expertise. Companies like Tata Consumer and Raymond integrate AI for business innovation and customer interactions.

The Economic Times Wipro CEO Thierry Delaporte quits, to be replaced by Americas chief Srini Pallia

Srinivas Pallia, who was the CEO for the company's Americas 1 area, will take over as the new CEO and Managing Director from April 7, the company added.

The Economic Times India targets $600 billion textile exports by 2047, aims to create $1.8 trillion domestic market

India plans to boost textile exports to $600 billion and grow the domestic market to $1.8 trillion by 2047, focusing on quality, sustainability, and global leadership in the textile industry. Industry has raised challenges of raw material for achieving the $350 billion export aim for apparels besides the need for an investment policy for textiles and a mission mode plan for supply augmentation.

The Economic Times Adani Green may invest nearly ₹2 lakh cr in renewable energy

Adani Green Energy plans significant investments to expand renewable energy capacities, targeting 45 GW by 2030, with a major focus on the Khavda project in Gujarat. Adani New Industries also aims for substantial growth in manufacturing capacities.

The Economic Times Record GST collection reflects India's economic strength and mature GST ecosystem: ICAI President

ICAI President, Ranjeet Kumar Agarwal, praises record GST collection surpassing Rs 20 lakh crore for FY 2023-24, highlighting better compliance and economic growth.

The Economic Times NCLAT reserves order on plea challenging Dream 11 insolvency

NCLAT reserved judgment on Bhavit Sheth's plea against Sporta Technologies. RP argued 10A applies to default, not debt claim ability. Default for Section 9 application is 10 days post demand notice.

The Economic Times India Inc bats for IPL to boost team bonding; cos hold match screenings, quiz games to create inclusive work culture

India's IPL fervour has led to organizations like Milagrow, Manipal Hospitals, Olyv, Lendbox, and Revfin bringing the tournament's excitement to the workplace. These initiatives aim to boost team morale, nurture employees' interests beyond work, and create an inclusive work culture. HR heads at Per Annum and Lendbox, Noise, Urban Company, Dream11, Olyv, and Lendbox are organizing match screenings in offices.

The Economic Times India seeks to attract $100 billion a year in FDI as it woos investors looking beyond China

India sets ambitious goal to attract $100 billion annually in foreign direct investment, aiming to diversify away from China. Rajesh Kumar Singh, secretary in the Department for Promotion of Industry and Internal Trade, expressed confidence in achieving the target over the next five years, citing a positive trend and potential for growth.