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The Economic Times
The Economic Times Delhi High Court seeks details from Tesla Power India in trademark case with Tesla Inc
The Delhi High Court has requested Gurugram-based Tesla Power India to submit an affidavit detailing the sales figures of electric vehicle scooters and the current inventory in a trademark dispute with US electric vehicle giant Tesla Inc. Justice Anish Dayal has instructed the company to provide information on dealers, launch dates, and stock availability. This directive follows Tesla Inc.'s claim that Tesla Power was selling electric scooters through dealers under different sub-brands despite an earlier agreement.
The Economic Times Indian IT sees deal tenures shrinking in rich neighbourhoods
At least two companies – HCLTech and Birlasoft – have gone on record to say that from the usual 10-12 year deals earlier, long-term arrangements are now ending in four years. Earlier, the tenures ranged between 10-12 years.
The Economic Times Tata Sons shares are not transferable, says Trusts
SP Group, promoted by the Mistry family, has pledged its entire 18.5% in Tata Sons held through two entities to secure monies from private credit funds such as Ares and Farallon. Additionally, it needs to raise funds for a separate repayment due in three months and refinance existing high-cost borrowings.
The Economic Times IMF raises China 2024 growth forecast to 5%
"China's economic growth is projected to remain resilient at five percent in 2024 and slow to 4.5 percent in 2025," the IMF said in a press release, adding the decision was "driven by strong first-quarter GDP data and recent policy measures".
The Economic Times FAME 3 likely to be rolled out soon with Rs 10,000 crore outlay
The third edition of the Modi government's FAME scheme, worth Rs 10,000 crore, will focus on electric two-wheelers, three-wheelers, and government buses. The inclusion of electric cars for institutional buyers like taxi aggregators is undecided.
The Economic Times Lava appoints Rajesh Sethi as Group CFO
In this new role, Sethi will be responsible for leading Lava's financial operations, enhancing financial systems and processes, and steering the company's fiscal strategies to support its growth plans.
The Economic Times P&G Hygiene appoints Mrinalini Srinivasan as CFO
​Srinivasan has an experience of 16 years in finance roles. She joined P&G in 2008 and has worked across Singapore, India, and Dubai. She has led projects and delivered outstanding results for several P&G businesses. She has also served as the Regional Business Planning Director for the Asia, Middle East and Africa business, and Finance Director for Feminine Care business in India, Middle East and Africa business based out of Dubai.
The Economic Times Bharti AXA-SBI Life sale talks collapse, PEs may throw in hat
The Indian government is monitoring imports of laptops, tablets, and servers, focusing on 27 companies under the Production linked incentive (PLI) scheme 2.0 for IT hardware. The government is preparing to replace the current import management system with an import authorisation mechanism to make the country a global manufacturing hub.
The Economic Times ITC hotel demerger plan gets competition watchdog's approval
The Competition Commission of India (CCI) has approved the demerger of ITC Ltd's hotel business into a separate entity, ITC Hotels Ltd. The new entity will be listed on stock exchanges after the demerger. ITC will continue to hold a 40% stake, while the remaining 60% will be held by the conglomerate's shareholders. The proposed internal restructuring exercise will not alter market dynamics.
The Economic Times Adani's fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm's parent co
Gautam Adani, chairman of the Adani Group, is reportedly looking into acquiring a stake in One97 Communications, the parent company of Paytm, according to sources cited by The Times of India. Paytm's founder and CEO, Vijay Shekhar Sharma, met with Adani in Ahmedabad to discuss the details of the potential deal.
The Economic Times Transition of Input tax Credit: Need for GST Council to take judicious view & enhance ease of doing business
The core of the dispute lies in the procedural aspects followed by taxpayers. It is evident that this situation could have been avoided if the CBIC had issued specific instructions and guidelines earlier, or if the GST portal had been designed to prevent such initial challenges.
The Economic Times Adani Energy Solutions to raise up to Rs 12,500 crore
​Adani Energy Solutions Ltd, formerly Adani Transmission Ltd, will raise up to Rs 12,500 crore through qualified institutional placement (QIP) or other permissible mode, the company said in a regulatory filing on Monday.
The Economic Times How Jocata is helping financial services industry move from legacy systems to AI-powered solutions
Jocata’s low-code platform is driving the future of enterprise lending and embedded finance, says Prashant Muddu, Managing Director & CEO.
The Economic Times Faced with RBI audit, IIFL Finance delays Board meet for earnings release
In early March this year, RBI directed IIFL Finance to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
The Economic Times GST to be paid by telcos along with instalments towards spectrum charges
The clarification will end confusion among field formations regarding the method for collection of GST in the auction process.
