The Economic Times The Economic Times

The Economic Times Sebi has reacted, government has nothing further to add

Hindenburg Research alleged that Madhabi Puri Buch and her husband had stakes in an obscure offshore fund, IPE Plus, that had been part of a complex, nested structure used by Vinod Adani, brother of billionaire Gautam Adani.

The Economic Times Indian API companies to grow by 7-8 per cent, operating profit margin to improve to 12-14 per cent in FY2025: ICRA

Indian API industry players faced considerable volatility in earnings over FY2021-FY2023 on account of multiple headwinds such as rising raw material costs due to elevated crude oil prices and pandemic-induced lockdowns in China, resulting in a shortage of key starting materials (KSMs) and APIs globally, inflationary pressures and increased energy costs in Europe, as well as heightened volatility in foreign exchange rates.

The Economic Times Headhunters may get to access independent directors' databank

At present, only companies are allowed to access this data bank for a nominal fee. But since large listed companies and conglomerates often outsource to search firms the job of due diligence of potential candidates, IICA is seeking to make the data bank available to these entities as well.

The Economic Times SC rejects lawyer's challenge to tax assessment of funds from US

​Appearing for Dutta, advocates C U Singh and Sachit Jolly, endeavoured to show the SC bench that these were declared as income and made subject to I-T assessment and hence there was no suppression of information. They said that it was an attempt to harass an environmentalist.

The Economic Times Companies race against taxing times to give buyback call

Within just the three weeks since the budget announcement on July 23, 15 companies have already announced buybacks, compared with 18 that did so between January 1 and July 23.

The Economic Times Special drive to weed out fake GST registration begins on Aug 16: CBIC

​In the first drive between May 16, 2023 to July 15, 2023, against fake registration, a total of 21,791 entities (11,392 entities pertaining to state tax jurisdiction and 10,399 entities pertaining to CBIC jurisdiction) having GST registration were discovered to be non-existent.

The Economic Times India's net direct tax collection grows 22% to Rs 6.93 lakh crore

As of August 11, net direct tax collections have surged by 22.48% to approximately Rs 6.93 lakh crore this fiscal year. This includes Rs 4.47 lakh crore from personal income tax and Rs 2.22 lakh crore from corporate tax. Additionally, Securities Transaction Tax (STT) brought in Rs 21,599 crore, and other taxes contributed Rs 1,617 crore.

The Economic Times Retail Inflation for July at 3.54%, lowest in nearly 5 years

Such decline is seen due to the base effect in inflation, July 2023 recorded the retail inflation at 7.4% that brought down this year's number to 3.54%. Food Inflation which was a major concern past month has eased to 5.42% in July from 9.36% in June. Consumer Food Price Index is at 5.89% and 4.63% for rural and urban respectively. The Ministry of Statistics and Programme Implementation also released the data for IIP which stands at 4.2% for June 2024.

The Economic Times Industry experts criticise Hindenburg report, call for investigation into US-based short seller's action

They are seeking accountability and transparency to protect India's financial markets and regulatory bodies from unfounded allegations.

The Economic Times Hindenburg Research on SEBI Chairman is not credible but self-serving speculation, says Supreme Court Advocate

The most important point in the whole fiasco is that nowhere in Hindenburg's report is there any concrete evidence actually connecting Adani to the SEBI Chairman. The only evident link is SEBI sending a show cause notice to Hindenburg seeking details behind their allegations.

The Economic Times World youth unemployment rate lowest for 15 years: UN

Global youth unemployment has reached its lowest level in 15 years, according to the United Nations, although recovery from the Covid-19 slump has been uneven across regions. The number of 15- to 24-year-olds not in employment, education, or training (NEET) remains a concern. The UN's labour agency highlighted that the economic benefits post-Covid-19 pandemic are not universally felt.

The Economic Times Hindenburg hits out at Madhabi Buch, again: Short-seller says Sebi chief's response raises 'new critical questions'

Hindenburg Research addressed Sebi chief Madhabi Puri Buch's claims of character assassination. They highlighted Buch's admission of investments in Bermuda/Mauritius funds with ties to the Adani Group and raised concerns about conflicts of interest. Hindenburg sought a transparent public investigation into these funds and related issues.

The Economic Times Over 1.4 lakh startups recognized in India; 67,499 have women directors

The government's efforts, spearheaded by the Startup India initiative launched in 2016, have been instrumental in fostering innovation and creating a robust startup ecosystem across the country. The initiative has led to the creation of more than 15.53 lakh direct jobs as of June 30.

The Economic Times GAIL chairman Sandeep Gupta wildcard for Indian Oil Corporation

On Sunday, a search-cum-selection panel interviewed nearly a dozen candidates to appoint a new chairman for Indian Oil Corporation (IOC). One unexpected candidate, Sandeep Gupta, joined the list of contenders. The current chairman, Shrikant Madhav Vaidya, is set to retire after his extension ends on August 31, 2024.

The Economic Times CVC Capital Partners pips EQT, set to buy Aavas Financiers for Rs 7,000 crore

Current promoters of the affordable housing finance company, private equity firms Kedaara Capital and Partners Group, are looking to exit their eight-year-old joint investment making a 6x return.