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The Economic Times
The Economic Times Lok Sabha Election Winner List 2024: NDA inching towards majority mark, But interesting battles going in Maha, Bengal. Check all the live updates
Lok Sabha Election Winner List 2024: The 2024 Lok Sabha election vote counting starts at 8 am today, deciding the fate of over 8,000 candidates. Results for Assembly elections in Sikkim, Arunachal Pradesh, Odisha, and Andhra Pradesh will also be announced. Exit polls predict a BJP victory, potentially securing a third term for PM Modi. Security measures are in place for smooth counting.
The Economic Times ZEE to consider fundraising proposal via equity or other modes on June 6
​"A meeting of the Board of Directors is scheduled to be held on June 6 to consider raising of funds by way of issuance of equity shares and/or any other eligible securities through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods," the company said in a filing.
The Economic Times Infosys CEO Salil Parekh's annual compensation grew to Rs 66 crore in FY24
Infosys CEO Salil Parekh's annual compensation grew 17.3% in FY24 and reached nearly Rs 66 crore, as per the annual report of the company. In FY23, Parekh's salary was Rs 56.4 crore.
The Economic Times Risk weighting slows unsecured loan growth
The growth of unsecured credit in India, including personal loans and credit card outstanding, slowed to 18% in April from 23% in November 2023. The Reserve Bank of India's risk weighting on such exposures aims to reduce delinquencies in the banking system.
The Economic Times Gen Z to help India's travel spending expand 9% a year: McKinsey Report
A new McKinsey report predicts India's travel spending to grow at 9% annually driven by strong GDP growth. Domestic air passenger traffic is set to double by 2030, boosting the domestic travel market to potentially become the world's fourth largest.
The Economic Times More women made the list of top-paid CEOs in 2023, but their numbers are still small compared to men
Of the 341 CEOs in the AP's 2024 compensation survey, 25 are women, the highest number since the survey began in 2011. Lisa Su of AMD is the highest-paid female CEO, earning $30.3 million. The median pay for female CEOs increased by 21% to $17.6 million, outpacing male CEOs whose median pay rose by 12% to $16.3 million. Despite these gains, the highest-paid male CEOs still earn significantly more, and women often face the "glass cliff," being appointed to leadership roles during company crises.
The Economic Times RBI may keep interest rate unchanged
A possible victory for the ruling NDA as indicated in exit polls is expected to result in lower bond yields and a stronger rupee.
The Economic Times Sebi launches saathi 2.0 personal finance app for investors
Sebi introduces 'Saathi 2.0': A mobile app revolutionizing personal finance by simplifying intricate concepts and offering essential tools like financial calculators, KYC procedures, mutual fund insights, stock exchange navigation, and a seamless investor grievance redressal mechanism.
The Economic Times Rising heat cools mfg PMI to 3-mth low as input costs bite
Manufacturing activity decreased to 57.5 in May from 58.8 in the previous month due to heatwaves and rising costs, as per a private survey by HSBC. The sector saw a softer rise in new orders and output, impacting work hours and production volumes for manufacturing firms.
The Economic Times Brett Lee granted tax relief by ITAT due to invalid notice service
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) provided relief to former Australian cricketer Brett Lee in a tax case, ruling that the notice served to him under the Income Tax Act was beyond the limitation period. The case involved a ₹3 crore endorsement fee received by Lee for the assessment year 2013-14 from three Indian entities. The tribunal found that the notice, sent a day before the deadline and to the wrong email address, was invalid. As a result, the assessment order was quashed.
The Economic Times Maruti calls for GST boost to hybrids
​The company, which plans to launch EVs in first quarter of next year, said hybrids should also be supported by govt as they end up making petrol engines cleaner, leading to reduced CO2 emissions.
The Economic Times Likely NDA's return: What will Modi 3.0 do for India Inc and the economy?
As India looks ahead to another term under Modi's leadership, a promising future awaits. With a clear vision and strategic planning, Modi 3.0 pledges to guide the nation towards global economic prominence. By prioritizing manufacturing, infrastructure, employment, and energy security, Modi has committed to fostering a thriving India Inc.
The Economic Times Modi wave on D-Street! Sensex skyrockets 2,600 pts to lifetime high; Nifty soars past 23,300
Indian benchmark equity indices Nifty 50 and BSE Sensex hit record highs as exit polls predict a third term for PM Modi, boosting investor optimism for infrastructure and manufacturing investments.
The Economic Times Forex remittances worth Rs 50,000 crore under ED scanner
Delhi-based entity made illegal sale of cryptocurrencies, sent proceeds to Hong Kong and Canada. Bank officials too being probed for leaking info, helping accused. The agency has carried out searches on residences of one of the suspects, Manideep Mago, and his company, Birfa IT Services.
The Economic Times A likely Modi 3.0 might just give Indian economy what it wanted for so long
India's chances of soverign rating upgrade is likely high. Exit polls predict Narendra Modi's BJP-led NDA will secure a third term with a significant majority. The NDA is expected to surpass its 2019 tally, easing concerns about replicating previous success. This likely continuity boosts economic confidence, with S&P upgrading India's outlook to "positive" and fiscal indicators showing robust growth and reduced deficit.
