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The Economic Times Six Adani group companies receive show-cause notices from Sebi

These notices were issued following Sebi's investigation into the allegations made against the Adani Group by US-based Hindenburg Research.

The Economic Times The Evolving Role of Board of Directors in Ensuring Effective Corporate Governance

In an era of PermaCrisis, Santosh Kumar, Partner at Deloitte India, illuminates the evolving landscape of corporate governance, urging boards to embrace agility, diversity, and foresight to navigate unprecedented challenges and ensure sustainable success.

The Economic Times India Inc revenue growth likely moderated in Q4

Among the 47 sectors monitored by Crisil, only 12 are expected to have clocked an improvement in revenue growth both sequentially and on-year for the quarter.

The Economic Times India's manufacturing sector stays strong despite slight dip in April PMI to 58.8

Despite a slight dip in April, India's manufacturing sector, as per HSBC's PMI report, maintains robust growth. Buoyed by sustained demand, manufacturers exhibit resilience amidst escalating costs and optimistic outlook.

The Economic Times India to become world's third-largest ecommerce market by 2030

Invest India forecasts India's e-commerce to soar to $325 billion by 2030, fueled by 500 million shoppers and robust internet penetration. The country's digital transformation is driven by affordable data, smartphone usage, and a focus on rural e-commerce growth.

The Economic Times Indus Towers confident of cash flow boost in FY25

Indus Towers expects cash flows to improve in FY25 as it’s confident of quickly recovering its backlog of past dues from key customer, Vodafone Idea (Vi), especially as the latter has recently raised Rs 18,000 crore via the follow-on public offer (FPO) route.

The Economic Times Jindal Stainless announces expansion plans worth Rs 5,400 cr, including a Indonesian JV and an acquisition

Jindal Stainless unveiled a Rs 5,400 crore investment plan focusing on expanding its melting and downstream capacities. This includes a joint venture in Indonesia for a stainless steel melt shop, expected to increase melting capacity by 40%. Additionally, investments in Odisha and a stake acquisition in Chromeni Steels aim to enhance operations.

The Economic Times IndiGo gets tax demand related to input tax credit

​The demand has been issued by the Deputy Commissioner of the tax department in Hyderabad. "The tax officer has denied input tax credit of Rs 21,240 availed by the company and raised the... demand," the filing said.

The Economic Times Vedanta plans to invest $20 bn in India in 4 years; will sell steel biz only at right price: Anil Agarwal

The Vedanta Group, led by Chairman Anil Agarwal, revealed plans to invest USD 20 billion in its Indian businesses over the next four years. Agarwal highlighted a focus on technology, electronics, and glass sectors alongside other group activities. He expressed a desire to support Bihar's growth and emphasized the necessity of robust policy support.

The Economic Times Lenders seek RBI clearance to sell Jaiprakash Associates loan to NARCL

SBI-led lenders seek RBI approval to transfer JAL's ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JAL's units amid ongoing litigations.

The Economic Times IRDAI nod likely soon for IIHL's buyout of Reliance Capital's three insurance arms

IRDAI expected to approve IndusInd International Holdings' acquisition of Reliance Capital's 3 insurance companies. NCLT endorsed IIHL's ₹9,650 crore resolution plan for Reliance Capital. Hinduja Group's Aasia Enterprises aids in equity infusion.

The Economic Times Pay Rs 50 cr to engine lessors or face grounding: Delhi High Court's 'one last opportunity' to SpiceJet

The Delhi High Court granted SpiceJet "one last opportunity" to pay Rs 50 crore to its engine lessors, Team France and Sunbird France, or face grounding of two engines. Justice Pratibha Singh instructed SpiceJet's counsel to confirm by Friday a reasonable timeframe for payment and whether one grounded engine can be returned. SpiceJet owes $10.84 million, having paid over $5 million since December.

The Economic Times Girish Mathrubootham steps down as Freshworks CEO; Dennis Woodside takes charge

Freshworks president Dennis Woodside appointed as new CEO. Mathrubootham to be redesignated as executive chairman. Recently his performance-based stock incentives were cancelled recently citing macroeconomic concerns. The Freshworks stock fell on the back of the news development.

The Economic Times India could allow a tiny window in the Chinese wall

In the wake of border tensions, the Indian government has been looking askance at investments by Chinese companies in India. Press Note 3 norms issued in 2020 stipulated that a company based in a country that shares a land border with India (such as China) can invest only after government clearance.

The Economic Times Fed holds rates steady, flags 'lack of further progress' on inflation

The Fed's latest policy statement, issued at the end of a two-day meeting, kept key elements of its economic assessment and policy guidance intact, noting that "inflation has eased" over the past year, and framing its discussion of interest rates around the conditions under which borrowing costs can be lowered.