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The Economic Times Airtel and Jio expected to log steady growth, Vi may falter

Reliance Jio and Bharti Airtel are expected to show steady growth in the June quarter, driven by strong broadband user additions, while Vodafone Idea (Vi) is likely to experience a dip in revenue due to ongoing customer losses. Airtel is anticipated to outperform Jio in terms of average revenue per user (ARPU) due to 2G-to-4G conversions and rising postpaid adoption. Vi's ARPU is expected to remain stagnant amidst limited 4G user gains.

The Economic Times Thomas Cook Group CFO sees 15-20% growth in current fiscal, plans expansion in tier 2 and 3 cities

In an exclusive interaction with ETCFO, Debasis Nandy reveals ambitious growth plans, digital transformation, and an asset-light strategy.

The Economic Times PE, VC investments reached $6.9 billion in May: Report

Investors are bullish on India as the economic growth rate is the fastest in the world. Private equity (PE) and venture capital (VC) funds invested $6.9 billion in May 2024 which is 54 per cent more on a year-on-year (YoY) basis, according to the EY-IVCA report.

The Economic Times Revenues of top 18 states to grow 8 to 10 per cent this fiscal: CRISIL

Revenues of India's top 18 states, accounting for 90% of the gross state domestic product, are projected to grow by 8-10% to ₹38 lakh crore this fiscal year, driven by robust GST collections and central fund devolution, according to a CRISIL Ratings report. This follows a 7% growth in revenues last year.

The Economic Times Poverty in India declines to 8.5% from 21.2% in 2011-12: NCAER paper

Poverty in India declined from 21.2% in 2011-12 to 8.5% in 2022-24, despite pandemic challenges, according to NCAER's report "Rethinking Social Safety Nets in a Changing Society." Using data from the India Human Development Survey, the study highlights the need for adaptable social protection systems to match rapid economic and social transformations.

The Economic Times Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

The minutes of the Fed’s June 11-12 meeting, released Wednesday, showed that the policymakers saw several factors that could further ease inflation in the coming months. These factors included the slower growth of wages, which reduces pressure on companies to raise prices to cover their labor costs.

The Economic Times Kumar Birla re-enters race to buy Orient Cement to consolidate Ultratech's Southern push

Talks between CK Birla and Adani said to be at standstill over valuation, mining clearances. Orient stock up 45% in last 1 month.

The Economic Times Indian startups raised nearly $7 billion in first half of 2024

Indian startups have raised nearly $7 billion in funding during the first half (H1) of 2024, more than the $5.92 billion raised in H1 2023.

The Economic Times IPs spend significant time on issues related to statutory authorities during IBC process: Survey

Insolvency professionals face challenges with statutory authorities and enforcement agencies during the resolution process, as per a survey by IIIPI. Issues include initiation of proceedings against Corporate Debtors during moratorium, and notices for matters pre-CIRP. IPs spend up to 25 per cent of the IBC process timeline on these matters. IIIPI Chairman Ashok Haldia noted difficulties in responding to authorities when records are missing or only past management is accountable.

The Economic Times Law amendments approved by GST Council to be incorporated in the Finance Bill: CBIC Chief

The full Budget for 2024-25 fiscal is scheduled to be presented in the Lok Sabha later this month.

The Economic Times Zerodha’s Nithin Kamath sees end of road for zero brokerage model after new Sebi rules

Exchanges often charge a lower fee to brokers if they generate high volumes. Brokers, in turn, charge traders little to no fees, which has contributed to a surge in trading across segments like derivatives that the Securities and Exchange Board of India wants to curb.

The Economic Times Hedge fund’s secret Adani short revealed in blow-by-blow account

A short-seller's report targeting Adani Group led to a $153 bn market value drop. The investigation involved a hedge fund, regulator, and a big Indian bank. US regulators scrutinized hedge fund collaborations and short-selling's impact on market efficiency.

The Economic Times Modi's message from Parliament on business and economy

Though PM Modi stressed his government's social agenda, he also confidently underlined the policy continuity. Speaking in the Rajya Sabha today, he said not only the markets are upbeat but the global community too is glad at the return of his government and is willing to raise its bet on India.

The Economic Times Clix Capital eyes IPO within two years, aims for Rs 100 crore profit in FY25, says CFO

Clix Capital aims to reach Rs 10,000 crore AUM in the next two years, focusing on sustainable growth and strategic partnerships, says CFO Gagan Aggarwal.

The Economic Times M3M India names Sanjeev Kumar Sharma as CFO

Sanjeev Kumar Sharma has nearly three decades of experience in Finance and Accounting (F&A), spanning diverse sectors including Real Estate, Equipment Rentals, Manufacturing, and Banking.