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The Economic Times White-collar hiring falls 3% in April, shows Naukri JobSpeak Index

Despite a 3% year-on-year and 1% month-on-month decline in white-collar hiring, various sectors experienced job growth. Notably, demand surged for specific roles like drilling engineers, brand managers, and IT professionals in different cities.

The Economic Times PFC seeks legal view on Shapoorji Pallonji promoters' Rs 15,000 crore loan ask

State-owned Power Finance Corp (PFC) is seeking legal counsel regarding the approval of a ₹15,000 crore loan to the promoters of the Shapoorji Pallonji (SP) Group, leveraging their 18.37% shareholding in Tata Sons as collateral. Earlier this year, the Mistry family, who are the promoters, proposed obtaining funds from the lender based on cash flows from their real estate business and their Tata Sons shares.

The Economic Times Fear gauge surges to 14-month high as poll heat grips D-Street

With forecasts about the performance of the BJP-led NDA, the Dalal Street favourite, fluctuating wildly recently, analysts said the undertone has turned nervous, reflecting in the surge in VIX.

The Economic Times Govt evaluating RBI proposal for higher infrastructure provisioning; bankers, NBFCs voice concern

Lenders may oppose the draft rules, which proposes provisioning of up to 5% from current 0.4%, due to concerns over rising interest rates and potential disruption to capital expenditure. Banks plan to lobby against the steep increase, arguing it could affect project viability and economic momentum. State-owned NBFCs and infrastructure firms are also raising concerns, emphasizing the need to balance risk and support for infrastructure financing.

The Economic Times Aditya Birla Finance, others may have invoked Paytm’s loan guarantees

Aditya Birla Finance invoked loan guarantees from Paytm due to defaults. Partnership stress with other lenders. Paytm's lending business faces challenges post central bank's ban. Changes in top management. Reduced consumer loan portfolio to less than 1%.

The Economic Times MCA mulls faster transfer of old unclaimed shares to beneficiaries

​The ministry is planning to enable the companies concerned to settle such claims after following the due processes and obtaining the IEPFA approval, said the person, who did not wish to be identified.

The Economic Times FMCG, auto companies break the jinx as rural growth rises above urban

Rural FMCG demand outpaced urban markets in Jan-Mar 2024. Car companies reported higher rural sales. NielsenIQ noted 7.6% rural growth. Factors include robust rabi crop and government measures. Maruti Suzuki saw record rural sales.

The Economic Times Sanjaya Kumar Mishra takes oath as President of GST Appellate Tribunal

Finance Minister Nirmala Sitharaman on Monday administered the oath of integrity and secrecy to Justice Sanjaya Kumar Mishra (Retd) as the President of the GST Appellate Tribunal (GSTAT).

The Economic Times New MSME payment clause in I-T Act: Supreme Court tells traders to move HC

On Monday, the Supreme Court declined to address a plea filed by various traders' associations contesting the legality of Section 43B(H) within the Income Tax Act. This section mandates that businesses settle their outstanding payments with micro, small, and medium enterprises (MSMEs) within 45 days to avail tax benefits.

The Economic Times HC relief for holding companies facing GST notices over corporate guarantees

​In an interim order, the HC has stayed the circular issued last Oct by the Central Board of Indirect Taxes and Customs (CBIC). This circular had held that a corporate guarantee given by a holding company to a bank or financial institution for sanction of credit facilities to its subsidiary would be a 'supply of service' subject to GST.

The Economic Times BAT unlikely to bat on the board of ITC's hotels biz

ITC's hotel business will not have any board representation from its largest shareholder, BAT, according to a demerger document. BAT will own 15.32% in ITC Hotels as foreign direct investment, making it the largest public shareholder after ITC's promoter holding of 39.93%. BAT's chief executive Tadeu Marroco stated last December that ITC's hotel business was not an area of interest for the British tobacco maker.

The Economic Times RBI working on off-line mode to boost retail CBDC volumes: Guv Shaktikanta Das

The Reserve Bank of India (RBI) is working to increase the acceptance of the Central Bank Digital Currency (CBDC) for retail transactions, despite the high number of transactions reaching 1 million per day. The RBI is focusing on making the digital currency transferable offline, introducing programmability features, and promoting financial inclusion. The central bank is also addressing concerns about the CBDC's potential to pose a risk to banks' business models.

The Economic Times India on track to become third largest consumer market by 2026: UBS

India is set to become the third largest consumer market in 2026, surpassing Germany and Japan, according to a UBS report. The report predicts that the affluent category will double in the next five years, with 88 million people with over $10,000 annual income by 2028. Consumption growth is expected to remain muted at 4-5% in the current and next fiscal, below the 6.5-7% average annual growth seen during FY11 and FY20.

The Economic Times How quick commerce is rewriting the rules of retail in India

Quick commerce, or super-fast deliveries, is becoming increasingly popular among millennials and Gen Z, with companies delivering various items to doorsteps in no time. Quick commerce makes up about 5-6 per cent of a household's grocery spending, with platforms like Blinkit valued at around $13 billion. It is mostly popular in big cities but is also gaining traction in places like Vizag, Nagpur, Kochi, Jaipur, and Lucknow.

The Economic Times IndusInd sets itself a new Rs 4.2 lakh crore target, eyes 2030 timeline

Under the new plan, IIHL is looking to set up a banking, financial services, and insurance portfolio worth $50 billion (Rs 4.2 lakh crore) by 2030. This is including its investment in IndusInd Bank, apart from the new businesses under Reliance Capital, which IIHL won in insolvency proceedings.