The Economic Times The Economic Times

The Economic Times India's weight in key MSCI equity index hits another high, to boost inflows

India's weight in MSCI's Global Standard index hits a record high, narrowing the gap with China. The rise boosts prospects for more inflows into equity markets. Consistent flows from domestic institutional investors could see India surpass 20% weightage by 2024. May review to bring about $2 billion inflows; Analyst Abhilash Pagaria comments on the potential growth.

The Economic Times Ransomware attacks at India Inc down to 64%, yet costs soar: Report

A recent report by Sophos unveils a decline in ransomware attacks on Indian companies, down to 64%. However, higher ransom demands and a shift in recovery tactics pose intensified challenges.

The Economic Times Wholesale inflation in April quickens to 13-month high of 1.26% on spikes in power, food prices

India's wholesale price index-based inflation accelerated to 1.26 per cent in April on an annual basis as against 0.53 per cent in March, data from the Commerce Ministry on Tuesday showed.

The Economic Times India Inc hunts for new cyber warriors

Corporate India is actively seeking cybersecurity professionals amidst rising concerns over data breaches, evolving regulatory requirements, and the emergence of advanced artificial intelligence platforms. To address vulnerabilities in security controls and processes, companies are bolstering their cybersecurity teams across various domains.

The Economic Times Tighter regulations on personal loans and project finance may hurt banks in FY25

Indian banks had a strong fiscal 2024 but face challenges in the current year due to regulatory changes impacting credit growth and net interest margins. Return ratios and riskier lending are also areas of concern as the market adapts.

The Economic Times Zomato sees Esop costs rising on grant of stock options to Blinkit leadership

Costs incurred under the Esops head are non-cash expenses, and will rise in the ongoing fiscal “on account of grant of Esops to the Blinkit leadership team and senior employees,” the management said in a post-earnings call.

The Economic Times GoFirst engine lessors to wait further; NCLT says it will study Delhi HC order

National Company Law Tribunal to decide on engine lessors for Go First after studying Delhi High Court order allowing lessors to repossess aircraft. Ministry of Corporate Affairs claims aircraft not under Insolvency and Bankruptcy Code. Tribunal grants 10 days for written arguments in land lease dispute with Mack Star Marketing Pvt Ltd.

The Economic Times Supreme Court admits petition on imposition of GST on joint development pacts

The Supreme Court admits a petition challenging GST imposition on transfer of development rights in joint development agreements, impacting real estate projects nationwide.

The Economic Times IndiGo in talks for 100 smaller planes as part of plan to widen regional network

The airline, which already operates 45, 78-seater ATR-72 planes and will take delivery of five more this year, is expected to stick with Franco-Italian manufacturer ATR to benefit from economies of scale, people aware of the development told ET. However, the Airbus A220 and Embraer’s E-175 planes also remain in fray, they added.

The Economic Times IT sweats to eke out margins on pricing squeeze, staff costs

Indian outsourcing companies face a margin squeeze in FY24 due to a triple threat: aggressive deal pricing, rising employee costs, and the pressure to boost revenue despite tight global budgets. Notably, Tata Consultancy Services (TCS), the industry leader, seems to be the only exception.

The Economic Times Warburg Pincus brings home Shriram Housing Finance co with Rs 4,630 cr buyout

Largest Housing Finance M&A, the large buyout for the PE fund in India. Current management to stay at the helm. New brand name to be announced shortly.

The Economic Times It's crunch time: Blackstone teams up with ADIA, GIC for Haldiram Snacks bid

A non-binding offer has been submitted to buy up to 76% of co at $8.5 bn valuation; 87-year old Haldiram with roots in Bikaner, Rajasthan is India’s largest snack and convenience foods company. Delhi and Nagpur factions of the Agarwal family are merging their snacks and packaged foods business, demerging the restaurant operations.

The Economic Times Will EU's stringent ESG regulations impact Indian companies?

Indian firms that proactively embrace ESG principles and align with EU standards can gain a competitive edge in accessing EU markets and attracting investment that prioritizes sustainability.

The Economic Times US corporate finance leaders tighten belts amid geopolitical uncertainty: Survey

The survey of more than 2,000 senior finance leaders nationwide revealed the top two priorities are cutting costs within the finance function and across the entire business.

The Economic Times India's retail inflation eases to 4.83% in April

India's retail inflation for April 2024 witnessed a marginal decline, staying within the Reserve Bank of India's (RBI) target range for the eighth consecutive month. However, rising food prices continue to pose a challenge, particularly for rural households.