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The Economic Times
The Economic Times Company registrations drop in April, but LLPs continue to scale fresh peak
In April 2023-24, company registrations fell 3.7%, while LLPs surged 36%. The trend continued from the previous year, reflecting optimism and growth prospects despite technical challenges and a high base effect.
The Economic Times India's FY24 fiscal gap may be slightly better than revised estimates: Official
The central government's fiscal deficit for FY24 is expected to be slightly better than revised estimates, thanks to higher-than-anticipated revenue receipts. Despite slower nominal growth, deficit-to-GDP ratio is estimated to improve. Direct tax revenue exceeded expectations, and expenditure remains on track. The government is prepared to manage potential capital inflows from JPMorgan's inclusion of Indian government bonds in its index.
The Economic Times Tata Motors looks to spin off its NBFC arms, merge with IPO-bound Tata Capital
Group holding company Tata Sons will offer shares of Tata Capital to Tata Motors. This will give India's third-largest carmaker by volume a minority stake in Tata Capital.
The Economic Times OECD Pillar 2-GloBE rules can help India thwart tax avoidance by MNCs, say experts
By incorporating GloBE rules into its domestic tax legislation, India can bolster its efforts to curb tax avoidance practices and ensure that multinational enterprises contribute their fair share to the country's tax revenues.
The Economic Times ICAI seeks tax sops for entities engaged in green projects, skills development
It suggested that interest income earned by the subscribers of green bonds may be exempt or, in the alternative, be subject to a concessional rate of tax.
The Economic Times Heatwaves may change the climate of the economy
In Eastern India there are hailstorms in some places, but many cities in other parts of the country are reeling under heat. The climate is changing drastically and heatwaves are going to affect you, me and the economy at large. Here is my view.
The Economic Times Outcome of tax disputes holds key to Xiaomi’s ops
Xiaomi Technology India's ability to continue as a going concern depends on the outcome of multiple regulatory and tax disputes and additional funds from the Chinese parent. However, the company doesn't see a threat "for the foreseeable future" based on legal opinions obtained and cash flow projections. Xiaomi has faced multiple investigations and legal proceedings launched by income tax authorities, the Directorate of Enforcement, and the customs department on matters such as alleged evasion of custom duty and irregularities in royalty payments.
The Economic Times India extends free import of yellow peas till October
India extends duty-free yellow peas import until October 2024. In April-February FY24, the import of yellow peas was $235.92 million as against $0.14 million in FY23.
The Economic Times How AI and data can bring another green revolution in India
India faces environmental challenges in agriculture, but AI offers transformative solutions. Precision farming, empowered by AI and big data, optimizes resources and boosts yields sustainably. With satellite data and predictive analytics, farmers make informed decisions. AI aids resource management and environmental conservation, but widespread adoption requires collaboration.
The Economic Times DBS Bank India rolls out initiative to support women re-entering the workplace
The organisation has developed a six-month internship programme wherein shortlisted returnees will engage in projects and receive guidance from industry leaders within a supportive environment to enable a smoother transition back to work. The programme involves hands-on experience as well.
The Economic Times Peer community groups can help with financial success of women entrepreneurs in tier-II cities and beyond: Tide India’s Gurjodhpal Singh
Tide India has come up with a women aspiration index which shows the challenges and opportunities for women entrepreneurs in non-metro cities.
The Economic Times India's data center industry set to double capacity by 2026, attract investments
India's data center industry is poised for significant growth, with its capacity forecasted to double to 2,000 MW by 2026. This expansion is expected to attract investments totaling Rs 50,000 crore over the next three years. Despite India generating 20% of global data, its share of data center capacity is only 3%, indicating vast potential for growth. Adoption of technologies like 5G, IoT, and AI is expected to triple data consumption in India.
The Economic Times Indian exports up in 115 nations out of 238 destinations in 2023-24
Despite global economic uncertainties, India's exports increased to 115 countries out of 238 destinations in 2023-24. The merchandise exports slightly declined by 3% to USD 437.1 billion, while services exports rose to USD 341.1 billion. Overall exports (goods and services) reached USD 778.2 billion. India's rank in world merchandise exporters improved from 19th to 17th, with a marginal increase in share from 1.70% in 2014 to 1.82% in 2023.
The Economic Times Dr Reddy's CFO Parag Agarwal to Retire, M V Narasimham Takes Over
Dr. Reddy's Labs announces CFO Parag Agarwal's retirement in July. His deputy, M V Narasimham, with extensive experience, takes over in August, ensuring a seamless financial leadership transition.
The Economic Times Shiprocket planning for IPO, confirms CFO Tanmay Kumar
Shiprocket, a leading e-commerce facilitator, is poised for an IPO, confirms CFO Tanmay Kumar. With ambitions to empower small merchants and ensure lasting business, Shiprocket keeps IPO timing undisclosed.
