The Economic Times The Economic Times

The Economic Times Bankers, economists expect RBI to cut key interest rate in second half of FY25

RBI kept benchmark interest rate unchanged at 6.5%, instilling confidence in the market. Expectations of repo rate cut in FY25. Monetary Policy Committee meet post elections focused on inflation and economic growth. The central bank also retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while uncertainties related to food price outlook warrant a close monitoring.

The Economic Times New govt to continue to maintain focus on infra sector: Icra

The new Indian government will focus on infrastructure, with higher outlays towards railways, roads, and water, according to Icra. Narendra Modi will assume the role for the third time, but with a smaller-than-expected election victory, the BJP will share power in a coalition government. The capital outlay is expected to sustain growth momentum, as it contributes to GDP multiplier effects and job creation in unskilled and semi-skilled segments.

The Economic Times What happens to India's startups with a coalition government at the Centre? Here is what they want

As a new coalition government gears up, startups call for clearer regulations, simpler relocation processes to India, and a more straightforward legal framework. Tax department's approach, including issues like angel tax and GST notices, concerns the industry. Simplified registration, advocated by Perfios CEO, could boost startups. Fintech sector seeks tiered MDR for UPI.

The Economic Times Central Excise Bill may be introduced in budget session

The Centre is set to introduce the Central Excise Bill, 2024 to replace the outdated Central Excise Act, 1944 and align excise law with GST and customs. The bill aims to reduce compliance burden, enhance transparency, and address excise duty exemptions for SEZs. It also empowers authorities to demand duty and introduces the concept of 'related persons' from customs and GST laws.

The Economic Times Not just employers with benefits! India Inc looks to be more to woo talent

Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent

The Economic Times Google is getting a new CFO, Anat Ashkenazi; she comes from drug maker Eli Lilly

Anat Ashkenazi appointed as new CFO at Google parent Alphabet Inc, succeeding Ruth Porat, who transitions to investment chief. Ashkenazi brings over two-decades experience at Eli Lilly.

The Economic Times GENERAL ELECTION OUTCOME ON BUSINESS IN INDIA: Pros and Cons

In this insightful article, seasoned finance expert Robin Banerjee explores the potential economic implications and policy directions following India's recent general election, highlighting key pros and cons for the business community.

The Economic Times RBI sees moderation in unsecured retail loans, tells banks to maintain prudent asset-liability balance

The Reserve Bank of India (RBI) noted a moderation in unsecured retail loans and advances following concerns raised in November 2023. Governor Shaktikanta Das highlighted that growth in personal loans and NBFC funding reliance has slowed. The RBI continues to monitor these trends and has urged financial institutions to maintain risk within acceptable limits.

The Economic Times Bajaj Finance Housing Fin arm to raise Rs 4,000 crore

Bajaj Finance's housing finance arm is set to raise ₹4,000 crore via an initial public offering (IPO) to meet RBI mandates, as confirmed by the company in a stock exchange filing.

The Economic Times Narendra Modi to take oath as PM on June 9 at 6 pm

India's Prime Minister Narendra Modi is set to take office on June 9, marking his third term. The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) declared Modi as their leader of coalition after winning 293 seats in the Lok Sabha polls. The BJP's biggest success came from Odisha, where it won 19 out of 21 seats and formed its first government in the state.

The Economic Times From Sheikh Hasina to Wickremesingh: Check full list of global leaders that will attend Modi's oath ceremony

Narendra Modi Oath Ceremony: The people cited above said top leaders of Bangladesh, Sri Lanka, Bhutan, Nepal and Mauritius are likely to be among the foreign leaders to be invited for Modi's oath-taking ceremony. The media division of Sri Lankan President Ranil Wickremesinghe's office said Modi invited him to the swearing-in ceremony. It said Wickremesinghe accepted the invite.

The Economic Times Deal activity dips 3 pc to USD 5 bn in May

Deal activity in May dropped by 3% to $5.023 billion. Mergers and acquisitions fell by 58%, but private equity deals rose by 49%. Largest deals include Google's $350 million investment in Flipkart and Manipal Health's majority acquisition of Medica Synergie.

The Economic Times RBI maintains interest rates amid growing calls for easier money policy

The Reserve Bank of India (RBI) kept interest rates unchanged in its eighth consecutive meeting, with some members leaning towards easing monetary policy due to concerns about rising food prices. The central bank raised its FY25 growth forecast by 20 basis points to 7.2%, leading to a surge in equity indices. Inflation remains a concern due to global commodity price increases and potential food price spikes.

The Economic Times Pharma industry raises concerns over new Schedule M's impact on cosmetic manufacturing

The Federation of Pharma Enterprises (FoPE) that represents medium and small-scale enterprises has written to the health ministry citing that setting up a new plant exclusively for cosmetic manufacturing is financially not viable.

The Economic Times Weaker BJP in power won't increase borrowing in July budget, says Kotak Mahindra Bank

Budget 2024: A weaker majority for Prime Minister Narendra Modi's alliance may lead to increased welfare spending without the need for additional borrowing, potentially limiting a rise in bond yields, according to a senior executive at Kotak Mahindra Bank . The government is expected to utilize a large dividend from the Reserve Bank of India for welfare schemes, rather than increasing gross borrowing in the upcoming budget. Despite concerns of populist measures, the executive rules out a supply cut in bonds and forecasts the 10-year benchmark yield to remain below 7.10% over the next six months.