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The Economic Times India Inc upgrades may trump downgrades in FY25 too: Ind-Ra

With private capex spends likely to increase, leverage may start showing signs of marginal deterioration. The proportion of ratings affirmation is likely to increase marginally.

The Economic Times At 59.1 in March, India's manufacturing PMI hits 16-year-high

India's Purchasing Managers' Index (PMI) skyrockets to a 16-year-high, reflecting surging production, sales, and stockpiling, a recent report said. The job markets see a welcome return of hiring, but there was a looming shadow of inflation. The HSBC India Manufacturing PMI Report suggest optimistic signs and potential roadblocks for India's manufacturing boom.

The Economic Times MAN Group Appoints Sanjay Kumar Agrawal as CFO

MAN Group appoints Sanjay Kumar Agrawal as CFO effective April 1, 2024, succeeding Ashok Gupta, signaling commitment to leadership strength.

The Economic Times RBI's now become an enabler of the market economy: Governor Shaktikanta Das

"Given the rapid changes taking place in today's world, especially in the areas of technology, innovation, business practices and growing complexities in the financial sector, the Reserve Bank is constantly evaluating the emerging trends and taking necessary policy measures to remain in sync with the evolving situation," Shaktikanta Das said at the RBI's 90th commemoration function on Monday.

The Economic Times Sebi launches SCORES 2.0 to strengthen investors' complaint redressal system

Markets regulator Sebi on Monday launched the new version of SCORES in a bid to strengthen the investor complaint redressal mechanism by introducing auto-routing of complaints and monitoring such grievances by designated bodies.

The Economic Times Manufacturing and urban demand may fire up FY25 GDP

Economists are optimistic about India's economy, forecasting a 7% growth in FY25 driven by improved manufacturing, farm activity, and robust urban demand. Some expect growth to reach 7.8%, emphasizing the need for meaningful job creation. Factors contributing to this outlook include government focus on capital expenditure, strong service sector momentum, and expectations of a broad-based recovery in rural demand due to a normal monsoon. Challenges such as inflation, restrictive interest rates, and the need for sustainable job creation remain key considerations for the economy's trajectory.

The Economic Times India inc’s fundraising via bonds touches record Rs 9.77 l cr in FY24

Indian companies in FY24 showed a preference for the bond market over equities for fundraising. Privately placed corporate bonds reached Rs 9.77 lakh crore, while equity fundraising totaled Rs 1.26 lakh crore, with Rs 66,806 crore from QIPs.

The Economic Times India Inc's improving credit profile sees more upgrades in H2 of FY24

Domestic consumption, demand across several sectors, government spending on public infrastructure, and healthy balance sheets helped in improving credit profiles, rating agencies said. Major rating companies have recorded more upgrades than downgrades, although the pace moderated sequentially.

The Economic Times Ramani Dathi on what is needed for creating more jobs and higher incomes

Ramani Dathi, CFO of Teamlease Services, calls for skill bridging solutions in manufacturing. She emphasizes formalization to boost productivity and address wage gaps between formal and informal sectors. Dathi further says that the main thing which we have seen is that wage inflation and formalisation are in direct proportion to each other.

The Economic Times Mission 2047: India charts road to a developed economy

India is setting near, medium, and long-term goals to become a developed economy by 2047, focusing on electric mobility, digitisation of payments infrastructure, and high-speed expressways. Central ministries will soon finalize five-year budgetary requirements for better financial management. Key areas include extended producer responsibilities, electronic waste recycling, soil surveys, farm output increase, youth skilling, speedier production from auctioned mines, and increased manufacturing output with lower emission intensity.

The Economic Times Zepto in talks for $300 million raise at $2.5-3 billion valuation

Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkit's GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.

The Economic Times ET Explainer: What RBI's norms on penal charges mean for borrowers

The Reserve Bank of India (RBI) has implemented new guidelines on penal charges for loan accounts starting from April 1. These regulations prohibit commercial banks and finance companies from imposing penal rates on loan defaults or any non-compliance event. The guidelines aim to promote credit discipline and prevent banks from using penal charges as a revenue enhancement tool.

The Economic Times Mubadala plans big deals in India's healthcare space

Abu Dhabi's Mubadala Investment Company plans to expand in India's healthcare sector, seeking deals in the $200-500 million range. With a focus on pharmaceuticals, outsourced pharma services, and medtech, Mubadala aims to deploy capital meaningfully in India. This move aligns with Mubadala's strategy to generate sustainable financial returns. They have made significant investments globally and are now looking to expand their presence in India's healthcare landscape.

The Economic Times Taxman puts some FPI assessments on hold for more information

The Income Tax (I-T) department has deferred issuing final assessment orders on several foreign portfolio investors (FPIs) for the financial year 2021-22, seeking additional information from jurisdictions like Mauritius. While the assessment period ended on March 31, 2024, the tax office has invoked provisions to extend the deadline, indicating efforts to gather more facts.

The Economic Times Reliance's Tamil Nadu campus may host Meta’s first India data centre

Meta to establish its first data center in India at Reliance Industries campus in Chennai, enabling local content processing for Facebook, Instagram, and WhatsApp. The move aligns with the growing user base and ad revenue in India.