The Economic Times The Economic Times

The Economic Times M&M Finance CFO Vivek Karve resigns

CFO Vivek Karve will continue serving beyond his notice period until October 31, 2024, covering the announcement of financial results for the second quarter of FY25.

The Economic Times Private consumption seen growing, concerns on capex growth: Morgan Stanley Research

India’s Consumption growth has remained weak since the pandemic, recovering at a slow pace. Private consumption is recovering, with growth is tracking at 4% in the quarter ended March 31, 2024 as against 1.5% a year ago but it is just catching up to the pre-pandemic trend and remains below the pre-pandemic average of 6.3% in 2019.

The Economic Times PLI scheme to be extended to garments sector: Textiles Minister

The PLI scheme has been a huge success in the electronics sector with India’s production of electronic goods such as smartphones shooting up and even emerging as a major item in the export basket.

The Economic Times President Murmu addresses joint session of Parliament: Key highlights

President Droupadi Murmu addressed the joint session of Parliament on Thursday, congratulating new MPs and emphasizing the mandate given to the Modi government for a third term. She also praised the high voter turnout in Jammu and Kashmir and lauded the Election Commission's efforts.

The Economic Times Big 4’s management consulting arms gain muscle

The management consulting business has been growing 25-30% for all firms in the last two years. At the Big Four, the total number of partners engaged in strategy, operations, and the top end of digital advisory — areas typically dominated by firms like McKinsey, BCG and Bain — stands close to 300, with consultant numbers at 5,500-6,000. However, the varying number of digital consultants each firm adds to management consulting complicates direct comparisons.

The Economic Times Funds circling India debt risk being tripped Up by red tape

China's tax exemptions on bond investments set a precedent for India's sovereign debt market, likely attracting more foreign investors. The hurdles faced by outsiders in accessing the market include lengthy documentation, tax treaty variances impacting returns, and the need for registration via custodian banks for trading in certain bonds.

The Economic Times Online gaming companies get summons for cashback to players since October

The agency detected reimbursements of taxed money back to players as cashback in a separate promo account by online gaming companies post implementation of the 28% GST (goods and services tax) on the full entry level betting amount. The DGGI Gurgaon has sent summons for a period between October 2023 and June 15, 2024, ET has learnt.

The Economic Times Sebi eases trading norms for company insiders

"Insider may make adjustments, with the approval of the compliance officer, in the number of securities and price limit in the event of corporate actions related to bonus issue and stock split occurring after the approval of trading plan and the same shall be notified on the stock exchanges on which securities are listed," Sebi said .

The Economic Times Govt report finds no financial fraud but corporate governance lapses at Byju's

Embattled edtech firm Byju's did not siphon off funds or manipulated accounts, a year-long investigation by the government has found.

The Economic Times Tata Motors has a Rs 18,000 crore EV plan, reveals MD Shailesh Chandra

Tata Motors is eyeing 30-40 per cent sales from EVs by FY30 and is planning to spend about Rs 18,000 crore to develope an ecosystem for the electric vehicle business. Over the next two years, the company has scheduled for launch Curvv EV, Curvv ICE ( internal combustion engine) and Sierra EV.

The Economic Times 5G spectrum auctions: Bharti Airtel likely largest bidder, govt mops up around Rs 11,300 crore

India's second 5G spectrum auction concluded around Wednesday noon after seven rounds, lasting just over a day, with the government collecting approximately Rs 11,300 crore. Bharti Airtel is likely the largest bidder, acquiring airwaves in the sub-GHz 900 MHz band as well as in the 1800 and 2100 MHz bands. Market leader Reliance Jio likely bought 5G bandwidth in the 1800 MHz band.

The Economic Times Indian job market likely to get busy and bustling

The Indian job market is expected to witness a notable increase in workforce expansion. The projected growth for H1 FY25 (April-September) indicates a significant rise to 6.33%, compared to around 4.2% in H2 FY24 (October-March). This expansion in the workforce serves as a crucial indicator reflecting economic growth, business confidence, and organizational strategic planning.

The Economic Times Coke is still a challenger brand in India and that mindset helps: John Murphy, Global President, Coca-Cola

"India is a good example. Today we talk about the opportunity in India, brand Coca-Cola is still a challenger brand in India. And it's - one of the hardest tasks we have is to take on." the beverages maker's global president and chief financial officer, John Murphy, said at a recent consumer conference in Paris.

The Economic Times Aris Infra plans to raise Rs 600-700 crore via IPO

Aris Infra, a Mumbai company using technology to streamline construction material procurement, is planning an IPO to raise Rs 600-700 crore. The company has attracted investment from prominent individuals and prestigious financial institutions including Think Investments, TPG Capital, Temasek, and BlackRock.

The Economic Times Ecom Express sets the ball rolling for Rs 3,000-crore IPO

Third-party logistics firm Ecom Express is looking to list on the public markets to raise Rs 3,000 crore, two people aware of the development told ET. The Warburg Pincus-backed company has appointed bankers Kotak Capital, IIFL, Axis Capital, and UBS to take forward the process.