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The Economic Times Adani Group can double local debt exposure: CFO

If longer-duration debt is included, the group will also be open to having as much as 15% of its debt from the local capital markets, Singh told ET, after launching Adani Enterprises' maiden non-convertible debentures' issue of ₹800 crore.

The Economic Times Finance Ministry adds four new navratnas

Finance minister Nirmala Sitharaman has given the navratna status to four more state-owned public enterprises - Satluj Jal Vidyut Nigam Ltd, Solar Energy Corporation of India Ltd, Railtel Corporation of India Ltd and National Hydroelectric Power Corporation Ltd.

The Economic Times Listed Indian firms post resilient sales growth in Q1, shows RBI data

While manufacturing, IT, and non-IT services showed positive growth, certain sub-sectors like cement and steel faced challenges, impacting their overall performance.

The Economic Times Big companies see shortage in skilled talent a risk to growth plans

Indian conglomerates face a significant talent shortage which could impact expansion plans and growth. Key sectors like automobile, health, real estate, and construction are the worst hit. Companies like Tata Motors and L&T are investing in training programs to bridge the skill gap and equip their workforce with new-age skills.

The Economic Times BPCL to invest Rs 75,000 crore in expanding refining capacity

India’s booming economy is driving a significant increase in energy demand. Petroleum product consumption is expected to rise steadily by 4-5 per cent annually for the foreseeable future. Similarly, the demand for major petrochemical products is also expected to rise by 7-8 per cent annually.

The Economic Times UK based Aviva conspired to dodge India compensation and tax rules

An Indian tax investigation has revealed that British insurer Aviva breached commission regulations by using fake invoices and untracked cash payments. Between 2017 and 2023, Aviva's India business paid $26 million to entities claiming to provide services but were actually fronts for funneling money to sales agents, evading $5.2 million in taxes.

The Economic Times RBI imposes Rs 2.68 cr penalty on UCO Bank

The Reserve Bank of India has levied penalties on two banks: Rs 2.68 crore on UCO Bank for violating rules on current accounts, interest on deposits, and fraud classification, and Rs 2.1 lakh on Cent Bank Home Finance Ltd for not complying with KYC regulations. These penalties underline regulatory compliance without affecting the validity of customer transactions.

The Economic Times After CCI, NCLT Mumbai clears merger deal between Viacom18 and Star India

The Mumbai bench of NCLT has approved the merger of RIL's Viacom 18 and The Walt Disney's Star India, creating the largest media house in India. This follows the Competition Commission of India's approval. Reliance will hold a 63.16% stake, while Walt Disney will hold 36.84%. The venture will include two leading OTT platforms and 120 TV channels.

The Economic Times Growth momentum strong; slowdown in first quarter anticipated due to elections: CEA Nageswaran

Due to the seven-phase Lok Sabha elections, Chief Economic Advisor V. Anantha Nageswaran noted that GDP growth momentum stayed robust, explaining that the slowdown observed in the first quarter was expected because of the electoral process.

The Economic Times Sebi revises criteria for stocks' entry and exit in derivatives segment

Under the new rules, the regulator has raised the median quarter sigma order size (MQSOS) over the previous six months on a rolling basis by three times to Rs 75 lakh from the existing Rs 25 lakh, citing that the average market turnover is now over 3.5 times the figure during the last review.

The Economic Times CFOs empowering their teams in the Finance 4.0 era

In a transformative era for finance, Deena Jacob, Cofounder & CFO of OPEN Financial Technologies, explores how Finance 4.0 technologies are reshaping the industry and redefining leadership for modern CFOs.

The Economic Times India's core sector grows at 6.1 per cent in July

India's core sector output grew by 6.1 per cent in July, down from 8.5 per cent a year ago. Growth was seen in steel, electricity, coal, refinery products, cement, and fertilizers. However, crude oil and natural gas production declined. The cumulative growth from April to July 2024 stood at 6.1 per cent compared to last year.

The Economic Times India's fiscal deficit at 17.2% of FY25 target as of July

India's fiscal deficit in the first four months of FY25 reached 17.2% of the annual target, a decrease from 33.9% a year earlier. The government recorded net tax receipts of 7.15 trillion rupees and expenditure of 13 trillion rupees, while capital expenditure stood at 2.61 trillion rupees.

The Economic Times India's GDP growth drops to 15-month low of 6.7% in Q1FY25 amid sectoral shifts and strong secondary sector performance

India's GDP growth slipped to a 15-month low of 6.7 per cent in the April-June quarter, with sector-specific slowdowns and robust secondary sector performance highlighting key economic shifts.

The Economic Times The essential role of Audit Committees in promoting governance in startups

As the Indian startup ecosystem expands, strong corporate governance becomes crucial. Sandip Khetan and Sagar Lakhani of Uniqus Consultech explore how audit committees can enhance governance and drive sustainable growth.