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The Economic Times Government gets Rs 2.11 lakh crore from RBI by way of dividend

The Reserve Bank of India (RBI) has transferred a record surplus of Rs 2.1 lakh crore to the central government for FY’2023-24, exceeding expectations. This windfall, largely from interest income on overseas securities and income from LAF operations, strengthens the government's fiscal position and may lead to a reduction in borrowing. The surplus, determined by the Economic Capital Framework (ECF), represents 25.5% of RBI's total assets.

The Economic Times Dabur's Burmans fire fresh salvo at Religare's Saluja

This is the second time the Burman family, the largest shareholders of Religare, has accused Saluja of insider trading violations. In September, the Burmans accused Saluja of insider trading ahead of the open offer announcement.

The Economic Times India on cusp of long-awaited economic take-off, says RBI article

While revising India’s GDP growth upwards by close to 2 percentage points for 2023-24, the IMF’s April 2024 World Economic Outlook (WEO) alludes to the robustness of growth expected in 2024 and 2025 as “reflecting continuing strength in domestic demand and a rising working-age population”, it said.

The Economic Times IRDAI introduces new corporate governance regulations for insurers

The Insurance Regulatory and Development Authority of India (IRDAI) has mandated that insurance companies must now seek prior approval for appointing their Board Chairperson. Current Chairpersons must comply with this regulation by March 31, 2026, or by the end of their terms, whichever comes first. IRDAI has introduced new corporate governance rules to prevent conflicts of interest in key management roles and to ensure that no individual holds multiple significant positions.

The Economic Times State of the Economy: How did the macroeconomic indicators perform in April 2024?

The inaugural month of FY25 saw GST collections soaring to Rs. 2.10 lakh crore, accompanied by a slight easing in inflation to 4.83%. However, the unsettling rise in unemployment to 8.1% raises concerns. Meanwhile, foreign exchange reserves stood at Rs.53,17,256 crore. Read here for a comprehensive analysis of these economic indicators.

The Economic Times Oyo withdraws IPO application, opts for private funding at 70% valuation cut

Hospitality company Oyo has withdrawn its draft IPO papers for the second time, which it had filed in March 2023.

The Economic Times Liquidity deficit surges to four-month high

The shortfall of funds has pushed up the weighted average call rate (WACR), which represents banks' overnight cost of borrowing and functions as a determinant of other borrowing costs in the economy too. On Wednesday, the WACR closed at 6.75%, the same rate as the RBI's Marginal Standing Facility (MSF).

The Economic Times Angel tax destroyed startup ecosystem, GST killed gaming industry, says Priyank Kharge

His comments come as political parties are in the middle of the Lok Sabha election, with two more phases scheduled over the next ten days.

The Economic Times If Modi is re-elected, these sectors will get his most attention

Prime Minister Narendra Modi has pledged to propel India to become the world's third-largest economy if re-elected for a third term. His ambitious 100-day agenda post-election includes prioritizing manufacturing, new-age technology, infrastructure development, and clean energy sectors. The government aims to implement reforms to boost economic growth and attract foreign investment.

The Economic Times Running toward success: How Zetwerk's CFO Pulkit Bhandari uses fitness to solve complex problems

Pulkit Bhandari, CFO of Zetwerk, believes that play and work complement each other, enhancing resilience and problem-solving skills. A chartered accountant with a background in corporate finance at RPG Enterprises and investment banking at Deutsche Bank and ICICI Securities, Bhandari is also a dedicated athlete. He has completed 10 full marathons, numerous half marathons, open water swims, and a half Ironman. His fitness journey began in childhood and was reignited by a gifted Garmin watch.

The Economic Times Adani group m-cap regains $200 bn-mark as company rebuts coal invoicing allegations

While Adani group denied all allegations, the news report was cited by opposition leaders including former Congress president Rahul Gandhi to demand a probe by a joint parliamentary committee into the alleged wrongdoing.

The Economic Times Nuvama Group appoints Bharat Kalsi as the new Group CFO

Nuvama Group strengthens its leadership with appointment of the new group CFO to oversee all aspects of the group’s finance function and corporate strategy.

The Economic Times Value creation, talent, tech, and sustainability are CFOs' new priorities

CFOs are undergoing a profound transformation, evolving from financial reporters to strategic partners. Nandita Pai, Partner and CFO Program Leader at Deloitte India, highlights their shifting priorities, from value creation to technological adoption, in navigating today's business landscape.

The Economic Times Captain Fresh appoints Mathew George as Group Chief Financial Officer

Corporate finance veteran Matthew George, with close to 30 years of global experience, takes the helm as Group CFO.

The Economic Times Cash flow struggles, access to finance continue to be major barriers for India’s small businesses: CPA Australia survey

On access to finance, the survey revealed that 42% of respondents said it was easy to seek funds in 2023, a sharp decline from 69% in 2022.