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The Economic Times
The Economic Times Dr Lal PathLabs redesignates Group CFO Ved Prakash Goel as Group CFO & CEO
Goel brings his experiences from sectors including Manufacturing, Mines, Engineering, Infrastructure and Healthcare Services.
The Economic Times US unemployment claims fall 7,000 to 227,000 in sign of resiliency in job market
The number of Americans applying for unemployment benefits fell by 7,000 to 227,000 last week, according to the Labor Department. The four-week average also dropped to 236,500. Despite rising interest rates and some signs of economic slowdown, the job market remains relatively strong. The Federal Reserve's previous rate hikes have started to impact job growth, with hiring slowing and unemployment ticking up. However, inflation has decreased significantly, leading to expectations of potential rate cuts in September.
The Economic Times Recovery via IBC up in June quarter at 31.12%
In absolute terms, the realisation for creditors from the resolution of 58 stressed firms during the June quarter touched Rs 3,935 crore, according to the Insolvency and Bankruptcy Board of India (IBBI) data. The cumulative recovery from the 1,005 resolved cases until June 2024 stood at Rs 3.40 lakh crore.
The Economic Times New product-market mix may deliver the goods for India's exports
Finding new items to sell overseas is crucial as muted global demand, geopolitical challenges and a drop in crude, commodities and metal prices dragged India’s goods export growth to an eight-month low in July, with outbound shipments contracting 1.47% to $33.98 billion.
The Economic Times US court fines Sterlite Tech $96 million in trade secrets case
A US court has awarded $96 million in damages to Prysmian Group after finding Sterlite Technologies (STL) guilty of illegally possessing Prysmian’s trade secrets. The verdict, delivered by a South Carolina jury, follows a three-year legal battle and includes a $200,000 award against former Prysmian executive Stephen Szymanski, now with STL. STL, backed by Vedanta Group, plans to challenge the ruling vigorously. The company recently reported a loss of ₹82 crore in Q1 FY2025.
The Economic Times Gautam Singhania sees great opportunity for Raymond and textiles industry in Bangladesh crisis
Gautam Singhania, Chairman & MD of Raymond, focused on the company's strategic developments, including capacity expansion and debt eradication through selling the FMCG business. He shared insights on the post-COVID recovery, business demergers, and growth in real estate and textile sectors, noting timely project completions and the potential benefits from Make in India and shifting global manufacturing preferences.
The Economic Times Solar panel makers seek retroactive duties, citing import surge
Solar manufacturers have sought retroactive tariffs on imports from Vietnam and Thailand, claiming these are being dumped below market prices.
The Economic Times India imports USD 2.8 billion worth of crude oil from Russia in July
India purchased $2.8 billion worth of crude oil from Russia in July, making it the second-largest buyer after China. Russia became India's top oil supplier owing to discounted prices following the Ukraine invasion. These imports now constitute nearly 40% of India's total oil purchases, significantly shifting global trade patterns.
The Economic Times Demand in slow lane, Auto Inc deploys discounts to clear inventory gridlock
From market leader Maruti Suzuki to Hyundai, Tata Motors, Skoda and Honda – they are all offering cash discounts, exchange bonus and additional benefits even on popular models, trade insiders told ET.
The Economic Times Green jobs and green economy
​Green jobs broadly encompass roles within the ESG framework. Solar energy, renewable resources, recycling industries, and non-profits are all part of this ecosystem. Additionally, sectors such as organic food, green lifestyle, energy, and transportation are crucial to the green economy.
The Economic Times Modi's Independence Day speech: 'Viksit Bharat 2047' vision highlights reforms, skill development, manufacturing hub, and investment
On India’s 78th Independence Day, Prime Minister Narendra Modi unveiled a visionary roadmap for 2047, focusing on economic modernization, infrastructure, and strategic reforms to propel India towards global prominence.
The Economic Times Cognizant offers annual salary hikes as low as 1%
The development of meagre salary hikes comes at a time when Cognizant is widely criticised for offering decadal-low starting salaries of Rs 2.52 lakh per annum, or around Rs 21,000 a month, to freshers through its off-campus recruitment drive starting Wednesday. The measly salary offer has created a stir across social media platforms.
The Economic Times Disney, RIL may shut some channels to win CCI nod for merger
Walt Disney and Reliance Industries proposed shutting some Star India and Viacom18 channels to secure Competition Commission of India's approval for their merger. The plan includes keeping flagship channels Star Plus and Colors, while closing weaker regional ones. RIL will hold a 56% stake, Disney 37%, and they aim to complete the merger by October 2026.
The Economic Times India set to be among top 3 world economies soon: Droupadi Murmu
President Droupadi Murmu on Wednesday said that India is among the fastest-growing major economies, adding it was a matter of pride for everyone that the country has become the fifth-largest economy in the world, and is set to be among the top 3 global economic powers soon.
The Economic Times PM Modi speech highlights: If 40 crore Indians could fight for independence, 140 crore can achieve Viksit Bharat
PM Narendra Modi Independence Day Speech: Prime Minister Narendra Modi delivered his 11th Independence Day speech at the Red Fort, emphasizing the sacrifices of freedom fighters and the need for unity. He highlighted climate concerns and the growth of India from 40 crore to 140 crore citizens, setting a target for a developed India by 2047. Modi discussed reforms, infrastructure development, skill enhancement, and gender equality, urging a focus on quality products and green energy.
