The Economic Times The Economic Times

The Economic Times Mid-sized global restaurant chains find Indian market palatable

Recent months have seen several mid-sized global cafes and restaurant brands enter the Indian market or negotiate with local partners, despite declining sales for larger chains. Brands such as Le Pain Quotidien and Laduree are strategically investing in select cities to remain profitable, focusing on niche markets and introducing diverse cuisines.

The Economic Times Revival in overseas fundraising by Indian companies reflects shifting domestic credit market dynamics: RBI Bulletin

Indian firms are turning to international markets to raise funds as global investor interest grows, and borrowing costs improve, reported the RBI. This external borrowing trend coincides with a decline in FDI inflows to $28.1 billion in 2023 from $49.3 billion in 2022, and banks are gearing up to strengthen their capital.

The Economic Times NCLT approves merger of Slice and North East Small Finance Bank

Post-merger, Slice which provides prepaid wallets and UPI-based products will look to offer technology-backed financial services to the last mile consumers of North East Small Finance Bank. Slice said in a statement that it has received a no-objection certificate from the Income Tax department as well.

The Economic Times Company registrations dip 11% in July, LLPs' rise 21%

With this, company registrations saw year-on-year decline in three out of the first four months of this financial year, after a surge to record levels in 2023-14. Nevertheless, the monthly numbers of above 14,000 beat the long-average trend, experts said.

The Economic Times Operation buyout: KKR, TPG, and other PE firms eye purchase of India's largest cardiac stent maker SMT

​Mumbai-based pharmaceuticals firm Alkem Laboratories and one other global private equity firm are also in the fray, said the people cited earlier. About five bidders have been shortlisted and due diligence will start shortly, said the people cited.

The Economic Times India Inc feels the pinch! Earnings downgrades in Q1 highest since June ’20

Corporate India's June quarter earnings expectations hit a low not seen since the immediate aftermath of the Covid shutdowns. The upgrade-to-downgrade ratio fell to 40%, reflecting a slowdown in demand, with 393 companies facing downgrades and 247 companies seeing upgrades. Analysts expect the earnings situation to improve from September 2024 onward.

The Economic Times FM asks PSBs to launch special drives to push deposits growth

Finance Minister Nirmala Sitharaman asked public sector banks to expedite recent budget implementations and enhance deposit mobilization to sustain credit growth. Despite robust credit growth, deposit collection, especially small-scale deposits, was flagged as needing improvement. PSBs showed solid financial performance in FY24 with notable improvements in asset quality, capital adequacy, and profitability.

The Economic Times Shapoorji Pallonji Group builds a house for $6 bn realty assets; plans to take new holding co public in two years

Shapoorji Pallonji Group has formed a new holding company, Shapoorji Pallonji Real Estate (SPRE), to consolidate its real estate holdings across key cities. The company aims to unlock value, streamline operations, and monetize its portfolio of land parcels spread over 2,000 acres across key property markets. The assets are estimated to be worth around $6 billion. The holding company covers 45 land parcels and projects, with a total development potential of around 140 million sq ft.

The Economic Times HCL Technologies appoints Shiv Walia as CFO, Prateek Aggarwal to step down

HCL Technologies announces Shiv Walia as the new CFO starting September 6, succeeding Prateek Aggarwal, who is resigning to seek new opportunities after a notable tenure since 2018.

The Economic Times Responsive names Shankha Sen as first CFO

Shankha Sen will lead the development and execution of financial strategies at Responsive, helping the company scale and compete in the emerging SaaS category of Strategic Response Management (SRM).

The Economic Times Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG

The Comptroller and Auditor General (CAG) has recommended that the Finance Ministry periodically identify high-risk taxpayers within the GST composition scheme and verify their sales data from various sources to prevent tax evasion. An audit of 8.66 lakh taxpayers from 2019-20 to 2021-22 revealed that many had a high risk of exceeding the scheme's turnover threshold.

The Economic Times Kolte Patil Developers’ CFO Khiroda Jena resigns

The Pune-based real estate firm, has announced that its Chief Financial Officer, Khiroda Jena, has resigned to pursue opportunities outside the organisation.

The Economic Times Mphasis appoints Aravind Viswanathan as Chief Financial Officer

The Bangalore-based IT and consulting company, has announced the appointment of Aravind Viswanathan as its new Chief Financial Officer, following the resignation of Manish Dugar.

The Economic Times Bata India CFO Anil Ramesh Somani resigns

Somani decided to relinquish his position at Bata India Limited in order to pursue opportunities outside.

The Economic Times BIG BUSINESS BATTLE: IS IT FIT AND PROPER?

By Robin Banerjee, Seasoned Finance Expert: The Burman family's strategic pursuit of Religare ignites a dramatic M&A conflict, spotlighting the critical 'fit and proper' debate that could reshape India’s corporate control dynamics.