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The Economic Times
The Economic Times PM Modi, Ambani, Adani reshaping India to become economic superpower: CNN report
India is poised to become a 21st-playing a fundamental role in shaping the economic superpower the country will become in the coming decades, according to a CNN report
The Economic Times Tata Power plans 66 pc higher capex at Rs 20,000 cr in FY25; to spend 50 pc on renewable energy projects
Tata Power plans a 66% higher capital expenditure of Rs 20,000 crore to focus on energy transition and net-zero emissions. The company aims for 70% capacity from non-fossil-based fuels by 2030.
The Economic Times SC asks Centre to not use "threat and coercion" in GST recovery operations
The Supreme Court directed the Centre to persuade traders to clear GST dues voluntarily without using force during search and seizure operations. The bench emphasized the need for payment to be voluntary and without coercion, allowing individuals time to seek advice and settle liabilities.
The Economic Times Facing delays, exporters seek priority shipment for MSMEs
Indian exporters seek priority shipment for MSMEs at Delhi Airport due to delays caused by Bangladesh transhipment, leading to quadrupled air freight costs. Requests made to suspend transshipment facility for Bangladesh cargo.
The Economic Times HNI investors in offshore ‘blank cheque’ companies receive income tax notices
Many resident Indians who bought SPAC shares haven’t disclosed such investments in ITRs. SPACs are established solely to raise capital through a pre-listing offering, aiming to acquire a stake in an existing, primarily unlisted, operating company. Subsequently, the target company can merge with the publicly traded SPAC, thereby becoming a listed entity on major stock exchange
The Economic Times SC holds bank employees' interest-free loans taxable as fringe benefits
The Supreme Court has ruled that interest-free or concessional loans given by banks to their employees will be considered "fringe benefits" or "amenities" and therefore taxable. The court argued that these benefits are unique to bank employees and are in the nature of a "perquisite," thus liable to taxation. The court upheld the income tax rule, but deemed the fixation of SBI's interest rate as the benchmark to be neither arbitrary nor unequal exercise of power.
The Economic Times RBI lifts restrictions on Bank of Baroda's 'BoB World' mobile app, allows onboarding customers
The Reserve Bank of India (RBI) has lifted restrictions on Bank of Baroda's BoB World app, allowing the bank to onboard customers through the application immediately.
The Economic Times What's the new RBI proposal giving cold sweats to lenders?
The Reserve Bank of India (RBI) has proposed stringent new rules for project finance, aiming to minimize risks associated with long-gestation infrastructure projects. These regulations include higher provisioning during construction phases and classification of delayed projects as non-performing assets. However, banks and NBFCs fear these rules may hinder project viability and impede India's capital expenditure momentum.
The Economic Times Outcome of tax disputes holds key to Xiaomi’s ops
In the past few years, Xiaomi has had to face multiple investigations and legal proceedings launched by the income tax authorities, the Directorate of Enforcement and the customs department on matters such as the alleged evasion of custom duty and irregularities in royalty payments. This has come amid heightened scrutiny of Chinese companies and their investments in the country after a rise in border tensions.
The Economic Times High possibility of India’s 8% growth rate in FY24: CEA V Anantha Nageswaran
Highlights: IMF projected a growth rate of 7.8% for FY24. CEA says growth trajectory in first three quarters shows possibility of 8 %. He says would be happy if GDP were to have a 9.5-10% rate like that of China
The Economic Times Digital transformation and talent upskilling top priorities for FY25, says KRBL CFO
Amidst shifting consumer behaviors and evolving market landscapes, Ashish Jain, CFO of KRBL, unveils a strategic roadmap for FY25, prioritizing digital transformation, talent development, and robust growth projections.
The Economic Times Government exploring options to roll out labour codes
The ministry of labour and employment is considering several options including a gradual repeal of the old labour laws to ensure there is no legal void in states that are yet to draft rules. Besides, the ministry is holding talks with states that are behind in publishing rules, urging them to expedite their compliance.
The Economic Times Adani Enterprises to invest Rs 80,000 crore in capex this fiscal
Adani Enterprises plans ₹80,000 crore capex, focusing on ANIL and airports. Ganga Expressway gets ₹12,000 crore. Shah mentions coal-to-PVC and data center. Debt rises 31%. ANIL includes green hydrogen, wind turbines, and large monocrystalline unit.
The Economic Times Post Ukraine, India has been best in managing inflation: Marico MD Saugata Gupta
Marico saw its domestic volume rise 3% during the March quarter with flat revenue while gross margins expanded 417 basis points. The company said the market will be slightly inflationary, which could warrant a slight price increase. Last month, it hiked 6% in Parachute and said it will not dampen demand for the hair oil brand.
The Economic Times Indian households' financial savings drop to a five-year low of Rs 14.1 lakh crore in FY23
Households' liabilities increase 73% to Rs 15.5 lakh crore during the period.
