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The Economic Times
The Economic Times RIL's Mukesh Ambani set for African safari with 5G tech solutions
Radisys, a company owned by RIL's subsidiary Jio Platforms Ltd (JPL), is collaborating with Tech Mahindra and Finland's Nokia, to team up with Next-Gen Infrastructure Co. (NGIC). NGIC, in which the Ghanaian government, Ascend Digital, and K-Net have equity stakes, is positioned as the first neutral 5G shared infrastructure provider in Africa. The company's initial focus will be on offering 4G and 5G network support in Ghana before expanding its services across the continent.
The Economic Times Infrastructural & Economic Growth Paving India’s highway to the Amrit Kal
India’s rapid economic growth and robust infrastructural developments are propelling it towards a promising future. Discover how progressive reforms and strategic investments are positioning India as a global powerhouse.
The Economic Times Sebi cracks the whip on finfluencers trying to manipulate IPOs
The move is meant to restrict the impact of finfluencers in the IPO market and help investors have an easier understanding of key features of an offer. All IPO-bound companies are mandated to make videos informing investors not to rely on finfluencers or financial influencers circulating misinformation on social media platforms.
The Economic Times Confident of delivering 20% plus value growth for coming year: Ramanpreet Sohi, Honasa Consumer
​"I think from the way our business is shaping up, the way we are looking at going deeper from a distribution perspective, building a younger brand, we are very confident of delivering plus 20% kind of value growth for the coming year," says Ramanpreet Sohi, CFO, Honasa Consumer.
The Economic Times NCLT admits Srei's insolvency plea against Supreme Infrastructure BOT
The National Company Law Tribunal (NCLT) has accepted Srei Infrastructure Finance's request to commence a corporate insolvency resolution process (CIRP) against Supreme Infrastructure BOT due to its failure to repay a loan. Srei Infrastructure Finance had provided a term loan of Rs 150 crore to Supreme Infrastructure BOT for a duration of five years, earmarked for infrastructure projects.
The Economic Times More PEs head to India armed with big money to bag deals
Growtheum Capital Partners, a private equity firm headquartered in Singapore, is scheduled to inaugurate its Mumbai office this July, joining the growing list of PE investors in India. At the same time, US-based private equity firm Platinum Equity is evaluating investment opportunities across various sectors such as healthcare, technology, and infrastructure as it prepares to enter the Indian market.
The Economic Times Aditya Birla Group crosses $100 billion market capitalization milestone
The group has seen a surge of 11.42% this year. Vodafone Idea's successful Rs 18,000-crore FPO single-handedly effected a re-rating of the group stocks. The conglomerate’s market capitalisation rise has outrun Sensex, Nifty on a year-to-date basis.
The Economic Times Study suggests India should impose wealth tax on the ultra-rich to tackle wealth inequality
A World Inequality Lab study recommends India implement a wealth tax on the ultra-rich to combat wealth inequality and boost social sector investments. Proposed measures include a 2% annual tax on wealth over Rs 10 crore and a 33% inheritance tax on estates exceeding the same value. Authors emphasize the need for progressive taxation to address extreme wealth disparity.
The Economic Times Yellen says India and China hindering 'Pillar 1' tax deal
U.S. Treasury Secretary Janet Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been "all but absent" in the negotiations to finalize "Pillar 1" of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries.
The Economic Times Post-pandemic, Indians shopped...till they dropped (in FY24)
Pent-up demand post-Covid led to booming sales in athleisure wear and lifestyle products. Kumar Rajagopalan notes the unsustainable high growth post-pandemic and the impact on consumer spending.
The Economic Times RBI approves appointment of Pradeep Kumar Sinha as Part-time Chairman of ICICI Bank
The RBI has approved Pradeep Kumar Sinha's appointment as Part-time Chairman of ICICI Bank, effective July 1, 2024, for a three-year term.
The Economic Times SBI jumps the gun, sets out to make infra loans costlier
SBI introduces new loan clause transferring increased costs due to tighter provisioning regulations, amid industry resistance. RBI issues draft guidelines on project loan financing and provisioning. Banks, including SBI, seek relaxation from proposed norms impacting infrastructure project bids.
The Economic Times Air India appoints Tata Projects' Sanjay Sharma as new CFO
Tata-owned Air India appoints Sanjay Sharma as the new CFO succeeding Vinod Hejmadi who retires after a long tenure with the India's flag carrier airline.
The Economic Times JSW Paints aims at matching industry-level profitability in 3-4 years
JSW Paints aims to match industry profitability levels in the next three to four years, targeting a 15-18% operating margin range. The paint-maker turned profitable at an operating level in 2023-24 with margins over 3% and crossed ₹2,000 crore in revenue. Now, it aims for ₹5,000 crore revenue by FY26. Despite pricing pressure from competitors like Birla Opus, JSW Paints is confident in its ability to compete and maintain its market share against established players.
The Economic Times India data center boom to drive 10 million sq ft realty demand by 2026
Cloud Service Providers (CSPs), which furnish information technology infrastructure primarily for data storage and computing power via the Internet, have adjusted their strategies to accommodate AI-driven demand. These providers have also disclosed plans for increased investments to support AI-driven growth.
