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The Economic Times
The Economic Times Royal Bank of Canada fires CFO over undisclosed relationship
Katherine Gibson appointed interim Chief Financial Officer at Royal Bank of Canada following Nadine Ahn's departure due to code of conduct breach. No financial misconduct detected after investigation.
The Economic Times Zee Ent's Punit Goenka proposes lean organization structure; initiates rationalization of workforce by 15%
Punit Goenka proposed a lean management structure for Zee Entertainment Enterprises, focusing on speed and agility. He also initiated a 15% workforce rationalization process to prune staff strength and create a streamlined team focused on future goals.
The Economic Times Cognizant defers annual hikes to employees
IT major Cognizant said a majority of its associates have seen four merit increases within three years, with the last cycle being April 1, 2023.
The Economic Times 8% growth projection for India not ours: IMF
The IMF is set to update its World Economic Outlook soon. "But our growth projections as of January were for medium term growth of 6.5 per cent, and that was a slight upward revision relative to October," said Kozack.
The Economic Times SC to club 27 eGaming GST cases for hearing
Supreme Court takes over 27 petitions on 28% GST for online gaming. The case to be heard in May, impacting companies with retrospective taxes. The show-cause notices were sent out subsequent to the government's clarification that as of October 1, 2023, all online games incorporating betting and gambling, regardless of skill or chance, would incur a 28% GST charge based on the total face value of the bets.
The Economic Times RBI directs banks and finance companies to prioritise governance, adhere to rules
Speaking to the media after announcing the policy, the governor also said that financial stability is a joint responsibility of the regulator and the regulated entity. "We supervise all major entities. Wherever we see a problem, we first engage with the entity to see that corrective actions are taken. Where we see that the problems are huge or persistent only then we act," the Governor said.
The Economic Times India removes export restrictions on rice, onions, sugar, 6 others to Maldives
India has lifted export restrictions on nine products, including potatoes, onions, rice, wheat flour, and sugar, to the Maldives for the current fiscal year. This move, under a bilateral trade agreement, exempts these exports from any existing or future restrictions/prohibitions. The specified quantities allowed include items like potatoes, onions, rice, wheat flour, sugar, dal, stone aggregate, and river sand. This decision aims to strengthen trade ties between India and the Maldives.
The Economic Times Noventiq appoints Jerry Letter as chief financial officer and head of corporate development
Jerry Letter appointed Noventiq CFO, focuses on growth strategy, transformation program, financial strategy, U.S. public listing, global growth, and innovation. Burak Ozer leads regional finance. Noventiq aims for long-term profitable growth and value for shareholders.
The Economic Times Ricardo Constructions raises Rs 505 crore debt from Asia Pragati
Ricardo Constructions, a wholly-owned company of the SP Group engaged in the construction of residential apartments, raised the bonds from Asia Pragati Strategic Investment Fund, managed by PAG, a global alternative investment firm.
The Economic Times India a bright spot in the Asia-Pacific region in 2023: UN’s Economic and Social Survey of Asia and the Pacific 2024
According to the Survey, released on Thursday, India’s performance in 2023 has been helped by its lack of external exposure, both to the developed world and to China. Instead, the growth drivers for the country are primarily domestic, it said.
The Economic Times Monetary policy: RBI sees CPI inflation at 4.5% in FY25, warns of food price pressures
CPI inflation for Q1 is projected at 4.9 per cent; Q2 at 3.8 per cent; Q3 at 4.6 per cent; and Q4 at 4.5 per cent, said RBI governor Shaktikanta Das.
The Economic Times RBI holds repo rate steady at 6.5%
RBI kept the repo at 6.5 per cent. With a 5:1 majority, the MPC focused on accommodation withdrawal
The Economic Times Remembering RBI at 90
For the common people, the RBI is an institution which prints money and manages policy rates but there is a lot more that the central bank does. The RBI also knows how much onion farmers are producing in India. From cracking down on the top bankers in the country to setting up new subsidiaries, RBI has done a lot more. but going ahead, it will have to do a lot more as the world of finance is evolving rapidly. Here is my view on RBI and its operations, RBI's work culture and challenges ahead in the future.
The Economic Times India's services sector peaks at 13-year high in March driven by strong demand
In a recent report by S&P Global, findings revealed that the seasonally adjusted HSBC India Services Business Activity Index indicated a remarkable surge, marking one of the strongest growth rates witnessed in over 13-and-a-half years. This upturn has been predominantly attributed to robust demand conditions, enhanced efficiency gains, and positive sales developments.
The Economic Times Exclusive: Lenskart, Purplle, Healthkart may raise fresh funds as big-ticket startup deals gain momentum
Big-ticket investments on horizon for companies that have emerged stronger after Covid. Indian startup sector witnesses a resurgence in big-ticket deals of $100 million or more. Firms like Lenskart and Purplle are in talks for significant investments, while companies like HealthKart and Rapido negotiate fresh funding rounds.
