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The Economic Times Banking sector witnessing a decade-high performance: RBI

As India aims to become the world's third largest economy soon, the banking sector is undergoing a decade-high performance in financial metrics, according to Swaminathan J, Deputy Governor of the Reserve Bank of India (RBI).

The Economic Times Sebi set to auction HBN Dairies' properties in August 2024

This came after the Supreme Court in its order dated May 14, 2024, authorised Sebi to sell the assets of HBN Dairies & Allied Ltd (HBN) with the active involvement of the liquidator.

The Economic Times SMEs may get to turn the page in book of accounts; new norms likely to ease compliance burden

In its report submitted with the Ministry of Corporate Affairs (MCA), the committee has suggested raising the turnover limit to Rs 75 crore in any of the past three years to maintain and audit cost records.

The Economic Times Audit panels of companies should step up engagement with auditors: NFRA chief Ajay Bhushan Prasad Pandey

The primary responsibility of corporate boards is to protect shareholders’ interests and ensure good governance, the chief of the audit regulator said.

The Economic Times Paint companies sparkle on price rise, but ‘gains could be short-lived’

Paint shares surged due to price hikes, led by Indigo Paints at 10.7 per cent. Analysts foresee short-lived gains and pressure from Birla Opus. Nomura views price hikes favorably. Despite underperformance in 2024, Q1 earnings may be muted, keeping stocks range-bound. Anand Rathi sees opportunities. Elara Capital cites margin pressure and muted FY25 earnings, advising strategic investment.

The Economic Times Policy stability, tax cuts needed for Oil & Gas exploration: Vedanta

Top executives from Vedanta, BP India, and ONGC are urging India to ensure stable policies and lower taxes to boost oil and gas exploration. Steve Moore of Vedanta stressed the need for contract extensions and adjusted tax terms to support significant investments in enhanced oil recovery. BP India's Kartikeya Dube emphasized policy stability and suggested including natural gas in the GST. ONGC's Arun Kumar Singh highlighted their focus on exploration to ramp up domestic production amidst global shifts in oil company strategies.

The Economic Times TCS hires 5,452 employees in Q1, reverses drop in headcounts

IT services major Tata Consultancy Services (TCS) hired 5,452 employees in the first quarter of the ongoing fiscal (FY25), reversing three-quarters of the drop in headcount.

The Economic Times Digitalisation will drive the next growth wave for MSMEs: MeitY Secretary

S Krishnan, Secretary of MeitY, says digitalisation is essential for MSMEs’ growth. Therefore, collaboration between MeitY and MSMEs is the need of the hour to spur the segment’s growth using digitalisation.

The Economic Times FinMin notifies GSTR-1A to amend outward supply form

The finance ministry on July 10 notified the GSTR-1A form.

The Economic Times Centre notifies GST council decision on corporate guarantee, GSTR1 reconciliation

The Central Government of India (CGS) has announced that goods and services tax will be applied to the 1% per annum corporate guarantee fee, effective from October 23, 2023. The move is expected to provide relief to businesses facing cash flow concerns and restrict the deemed valuation to domestic transactions. The GST Council also capped the maximum fee for filing appeals in the GST Appellate tribunal at Rs 25,000 and the minimum fee at Rs 5,000.

The Economic Times Union Budget 2024: Finance minister may focus on job creation and fiscal prudence, says Morgan Stanley

With Union Budget 2024 looming, Morgan Stanley forecasts a spotlight on job creation and fiscal prudence. Anticipation builds as stakeholders await key economic policy revelations on July 23.

The Economic Times ESG integration: 50% of large Indian companies succeed, but only 29% of SMEs, reveals survey

Indian companies are increasingly prioritizing sustainability, as revealed by a recent survey report on ESG maturity. While large firms lead with 75% setting clear goals, according to a survey report by Uniqus Consultech and IMA India.

The Economic Times Construction companies likely to report subdued growth in Q1 amid lower awarding of projects, slow execution

The financial performance of roads and construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarte

The Economic Times Budget 2024: Remedial steps to fire up local manufacturing

Union Budget: The government has drawn up a list of finished products that are subject to lower import duty than the materials needed to make them, or an inverted duty structure.

The Economic Times In equity's Indian summer, IPOs and investors make hay in 2024

The IPO market in 2024 has seen strong investor interest with 38 companies listing at an average gain of 25%. While some stocks like Jyoti CNC Automation and Exicom Tele-Systems have surged 100-300%, others are trading below offer price. Major IPOs from Bharti Hexacom and Aadhar Housing Finance have performed well.