The Economic Times High taxes, selective bans drive 30% growth in illegal online gambling in India, says study

The illegal betting market, already thriving in India, is expected to grow by 30% in the coming years, as per a new study. Inadequate legal frameworks, selective banning, and high taxation on legitimate online gaming platforms seem to be key factors contributing to this trend.

The Economic Times Reliance Retail's FMCG plans stay in fast lane with funds on tap

RCPL has raised a total of ₹1,053 crore as debt capital from the parent company over 14 months, according to the filings. RCPL began operations in November 2022 and completed its first full year in FY24. In the filings, RCPL said the proceeds will be used for business operations. A senior industry executive, aware of the plans, said the funding from the parent into RCPL will continue in this fiscal as well, since Reliance has plans to rapidly grow the FMCG business.

The Economic Times Birla Group cements lead, Adani plans taking shape

According to industry observers, the competition for leadership in the cement sector is expected to escalate following the Adani group's announcement of ambitious expansion plans. Currently, however, the Kumar Mangalam Birla group appears to have strengthened its position by acquiring a 23% stake in India Cements, thereby increasing its presence in the largest regional market in India, which boasts one of the highest per capita income.

The Economic Times RBI's new valuation rule may hit banks' trading gains in Q1

Government bond yields have declined in the current quarter due to foreign inflows ahead of inclusion of domestic debt in JPMorgan's emerging market index. Yields on the 10-year benchmark government bond were at 6.99% on Thursday, down from 7.05% at the end of the March quarter.

The Economic Times India inclusion in JP Morgan Bond index from today, $25-30 bn flow expected. What it means

India, which has been on index watch since October 21, upon its inclusion will have the single highest duration across the index at 7.03 years, with an above average yield-to-maturity at 7.09%, a JP Morgan note said.

The Economic Times Not with the same company, employees switching jobs continues

It's an exceptionally unusual trend. On one side, the unemployment ratio is going up, but on the other hand employees are leaving their jobs significantly. This is an emerging trend across the world. . According to PwC’s Global Workforce Hopes & Fears Survey, about 28% of respondents are now considering resigning, compared to 19% during the height of the Great Resignation in 2022.

The Economic Times RBI announces SAARC Currency Swap Framework for period 2024 to 2027

In the 2024-27 Framework, a separate INR Swap Window has been introduced with various concessions for swap support in Indian Rupee, totaling Rs 250 billion. The RBI will also offer swap arrangements in USD and Euro under a separate US Dollar/Euro Swap Window, with an overall corpus of US$ 2 billion.

The Economic Times RBI Guv asks financial system stakeholders to assign highest priority to governance

The Economic Times Financial stability matrix at best, assign highest priority to governance: Das

"New technologies offer gains in efficiency and customer experience, but they can also bring with them sudden and widespread disruptions to the financial system. This requires that all stakeholders not only invest adequately to take full advantage of technological advancements but also take steps to safeguard the security and soundness of their systems," he said.

The Economic Times "India is at the threshold of a major structural shift in its growth trajectory:" RBI Governor Shaktikanta Das at 188th AGM of Bombay Chamber

India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 percent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das. He was speaking at the 188th AGM of Bombay Chamber of Commerce & Industry. Giving figures, Das said that the average growth India recorded over the last three years is 8.3 per cent, with the current year projected at 7.2 per cent growth. "The Indian economy in the last FY contributed to 18.5 percent of global growth - and this is no mean achievement," he added.

The Economic Times GST only on mark-up in case of issue of ESOPs to employees of Indian subsidiaries

CBIC circulars clarify GST implications for foreign holding companies charging additional fees for Employee Stock Options. MNCs need precise documentation with parent/affiliate companies to avoid GST obligations. Reimbursements on a cost-to-cost basis exempt from GST. Services imported trigger GST under reverse charge. Domestic companies must understand and fulfill their GST payment responsibilities.

The Economic Times India a very attractive destination for fixed income investors: Vikas Goel

So, obviously, we are still underrepresented. So, compared to, say, a similar economy like Indonesia, etc., we will go from 2.5% to about 4% I think after the inclusion which is fairly-fairly insignificant even if we compare it to our equity markets where foreign investment is much-much higher as a proportion of total investment.

The Economic Times India world's 3rd largest domestic aviation mkt; increase in flights benefitted small cities: Prez

The Economic Times Foreigners buy Indian debt on eve of JPMorgan index inclusion, indicators signal

Currency market reacts to India's JPMorgan index inclusion with increased foreign buying and dollar transactions by large banks. Traders anticipate passive inflows despite the rupee's limited appreciation. RBI expected to manage the market dynamics prudently.

The Economic Times Union Budget preview: How the govt may spend Rs 2.11 lakh crore RBI dividend windfall

A large part of these additional receipts would be spent under various heads, while a small portion could be used to reduce the fiscal deficit.