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The Economic Times MSMEs are on sustainability path but profitability focus can make the move faster

MSMEs contribute a big part to India’s manufacturing output and hence, it becomes critical they adopt energy-efficient technologies to reduce operational costs.

The Economic Times RBI's bumper payout to limit big ticket divestment; govt to maintain Rs 50k cr target: Report

A record Rs 2.1 lakh crore dividend payout by the RBI is expected to reduce the urgency for major divestments, according to Care Ratings, maintaining the government's Rs 50,000 crore target from divestments. Asset monetisation may be preferred if there is a resource shortfall, with SCI sales aiding in achieving the FY25 target. Potential divestments in SCI, CONCOR, and Pawan Hans are on the horizon, with projected total divestment proceeds reaching Rs 12,500-22,500 crore.

The Economic Times Greaves Finance appoints P. B. Sunil Kumar as CEO to accelerate EV financing

Greaves Finance, a Greaves Cotton subsidiary, appointed PB Sunil Kumar as Executive Director and CEO effective July 3, 2024. He will advance financing for electric two-wheelers via the evfin platform. With 25 years' experience, including positions at Taiki Consulting, Tata Finance Ltd, ICICI Bank, and GE Capital Services India, Kumar is also a chartered accountant.

The Economic Times Former RBI Guv Urjit Patel set to join Britannia Industries board again

Urjit Patel, former RBI governor, joins Britannia Industries board as an independent director. He recommenced after a two-year hiatus following his resignation in 2018. Patel’s diverse experience includes stints in both the private sector and central bank, distinguishing him from his predecessors. As a seasoned professional, he brings a unique perspective to the boardroom, ensuring a blend of regulatory expertise and corporate governance.

The Economic Times CJI Chandrachud advises SEBI, SAT to be cautious, pitches for more tribunal benches

Calling the crossing of the 80,000 points milestone by the BSE as an ecstatic moment, where India is entering a "stratospheric domain", Chandrachud said such events emphasise the importance of regulatory authorities.

The Economic Times Prove lack of funds or face audit: NCLT to Byju's

​Several of Byju's employees have still not been paid their full salaries for the months of Feb and March. In an earlier letter to employees, founder and CEO Byju Raveendran had said that the move by a few investors to disable the company from using the funds raised through the rights issue had delayed disbursement of salaries.

The Economic Times DPIIT seeks Angel tax, inverted duty removal in Budget

The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed eliminating the Angel Tax for startups ahead of Budget 2024, said Secretary Rajesh Kumar Singh. Introduced in 2012 under Section 56(2)(viib) as an anti-abuse measure to prevent tax evasion, the tax is levied above 30%. DPIIT asserts this removal could enhance capital formation in India.

The Economic Times Centre sacrificed large amount of GST revenue to compensate states: Former CEA Subramanian

Former Chief Economic Advisor Arvind Subramanian revealed that the Centre has been sacrificing a substantial portion of GST revenue, amounting to 1 per cent of GDP annually, to uphold a 14 per cent compensation guarantee for states since the introduction of the tax regime. Subramanian emphasised the importance of maintaining the current structure of GST, stating that bringing petrol and alcohol under GST would not be advisable.

The Economic Times 2% sustainability fee defeats purpose of GST: Tourism sector

“The tourism industry is highly taxed. If a levy of 2% on every invoice is imposed, our competitiveness will be adversely affected, and the complia nce burden will increase. No other tourism destination in India, including Kerala and Rajasthan, which are our main competitors in the inbound market, levy such a fee,” TTAG said in a letter to the tourism department.

The Economic Times India's employment paradox

​​India Inc is facing an unprecedented demand for blue-collar workers, far exceeding the available workforce and leading to significant challenges in project execution. The food and e-commerce delivery industries, which are expanding at nearly 20 per cent per year, exemplify this crisis.

The Economic Times What made Nomura turn bullish on Indian IT sector? Abhishek Bhandari answers

Nomura's bullish stance on Indian IT credits G2000 data stabilization, benefiting midcaps like Persistent, Coforge, and Birlasoft. Wipro's new CEO Srini stabilizes leadership and growth. Discretionary cuts stabilize; US rate cuts expected. Coforge-Cigniti deal boosts testing. Annuity-driven businesses grow. Banking portfolios, large deals vital. FY24 saw midcaps grow 10%+. QoQ growth set to improve.

The Economic Times India Inc now picks its C-level champions from indoor pool

Indian companies like Mahindra and Aditya Birla Group are increasingly focusing on internal talent pipelines for leadership roles, showcasing a shift towards nurturing seasoned professionals for longer tenures within the organization.

The Economic Times Budget 2024: Will govt retain focus on LPG subsidy to keep the cooker burning in rural India?

Union Budget 2024: The Modi-led government is likely to allocate Rs 9,000 crore for the LPG subsidy to beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) in the upcoming Budget, according to a report by ET Now citing sources. This move continues the government's focus on providing subsidies under the Ujjwala Yojana scheme, primarily benefiting women.

The Economic Times Revenue growth to be quite significant for next 2 financial years: Saurabh Gupta, Dixon Technologies

I do not want to give you guidance on any number, but clearly the order book looks extremely healthy, not only across mobile vertical which is the largest trigger for our growth, I think so even IT hardware opportunities looking very promising.

The Economic Times Acme Solar Refiles IPO Papers with Sebi to Raise Up to ₹3,000 crore

Acme Solar Holdings files IPO prospectus to raise funds, targeting revenue from operations and profit after tax. The company plans to utilize proceeds for outstanding borrowings and general corporate purposes, with Nuvama Wealth Management involved. Acme Solar's portfolio includes firm and dispatchable renewable energy projects, serving off-takers like central government-backed entities, along with wind energy projects.