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The Economic Times Financial Inclusion and Fintech: Bridging Gaps and Driving Economic Equality

Embark on a journey with Vivek Veda, Co-Founder & CFO of KreditBee, as he unveils India's Fintech Renaissance, showcasing its pivotal role in bridging gaps, fostering inclusion, and propelling economic equality.

The Economic Times GST collections hit all-time high of Rs 2.10 lakh crore in April 2024

GST collections breach landmark milestone of Rs 2 lakh crore

The Economic Times Sebi to revamp norms to ensure fairness for AMCs

The regulator said such FPIs with NRIs and OCIs as clients should be based out of International Financial Services Centres (IFSCs) in India and regulated by the International Financial Services Centres Authority (IFSCA).

The Economic Times Cleartrip CFO Aditya Agarwal steps down as top-level shakeup continues

Cleartrip's CFO Aditya Agarwal resigns amid Flipkart's senior management changes. Akshat Mishra to succeed him. Agarwal's key role in Cleartrip's integration into Flipkart highlighted. Former CEO Ayyappan R departing for consumer tech venture. Layoffs impacting 5-7% employees after Flipkart Group acquisition.

The Economic Times KVS Manian likely to join Federal Bank after stepping down from Kotak Mahindra

At the time of the announcement, Manian said that he was tendering his resignation from Kotak Mahindra Bank to pursue other opportunities in the financial services sector that he is currently exploring. Manian also stepped down from his position on the board of the bank.

The Economic Times RBI cautions banks on gold loan disbursals through fintech startups

RBI cautions banks on gold loan disbursement concerns through fintechs like Rupeek, IndiaGold, and Oro Money. Banks evaluating next steps post IIFL Finance issue. Asset quality improved at Rupeek, with partnerships with Federal Bank, Indian Bank, and South Indian Bank.

The Economic Times Tata Comm taking sustainable route for $1 billion fundraising goal

Bank of America advises Tata Communications on a $1 billion fund framework incorporating ESG standards. The funds will refinance existing loans, structure fresh loans, and offer pricing benefits tied to environmental, social, and governance targets.

The Economic Times GCCs emerge as a key cog in telcos’ enterprise play

India’s top telcos are investing significantly in offshore units, known as global captivity centers (GCCs), resulting in strategic partnerships and tailored solutions. With the number of GCCs growing, enterprise revenue is expected to reach Rs 30,000 crore in FY24, impacting connectivity and network densification in tier-2 and tier-3 cities.

The Economic Times Not too worried about rural demand dipping or any pressure in urban side: Amul India MD

Amul's Jayen Mehta notes 10%+ growth in dairy products, with fresh products up 14-15%. Daily Rs 200 crore milk purchase aids rural economy. 38% turnover from towns

The Economic Times Brookfield in talks with bankers to take Leela Hotels public

Brookfield Asset Management is reportedly planning to list its luxury hotel chain, The Leela Palaces, Hotels & Resorts. The Canada-based asset manager had earlier committed to investing over '1,500 crore in the hotel chain, which was the largest-ever foreign investment in the Indian hospitality sector. The move comes as India's hospitality sector has rebounded strongly post-Covid-19, with a surge in demand for premium experiences. Other luxury operators like Marriott International have also seen a rise in deals, indicating a positive trend in the sector.

The Economic Times PSBs told to speed up recovery at tribunals

As per latest data from the finance ministry, around 215,000 cases are pending before DRTs till January 2024, of which 162,000 are original applications (OAs) filed under Section 19 of Recovery of Debts and Bankruptcy Act (RDB Act), 1993. RBI data showed in FY23, around 58,000 cases with amounts totalling about ₹4.02 lakh crore were referred to DRTs.

The Economic Times Rising heatwave may hit farm output, push up inflation: Experts

Economists warn of heatwave's impact on farm output and inflation, raising prices. Perishable foods, like vegetables, key contributors to inflation. Concerns about logistical challenges, kharif season, and reservoir levels amid weather extremes.

The Economic Times Maruti bets on new-gen models to race past industry growth

Maruti Suzuki India is aiming to sell about 2 million vehicles in the current fiscal, an 8.1% increase, outpacing the domestic industry. The company is betting on the launch of new models to drive growth, targeting a 10% rise in production. Maruti also plans to step up exports significantly and invest INR 1.25 lakh crore by 2030 to double output. The company's aggressive strategy aims to regain market share lost to rivals in recent years.

The Economic Times Godrej family seals terms of division; Nyrika Holkar, Pirojsha Godrej emerge key next generation leaders

As per the arrangement that was uploaded on stock exchanges, Jamshyd Godrej, along with his niece Nyrika Holkar and their families, will now oversee the Godrej Enterprises Group (GEG), encompassing Godrej & Boyce and its affiliates spanning various industries. This development marks a significant change in control within the organisation.

The Economic Times India to grow 6.8% in FY25, public investment to be the driver, says IMF

The IMF recently revised India’s growth forecast upward to 6.8% from 6.5% projected in its January forecast. The fund also revised India’s FY24 growth outlook upward to 7.8%, higher than the government’s projection of 7.6%. “India and the Philippines have been the source of repeated positive growth surprises, supported by resilient domestic demand,” IMF said in its report.