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The Economic Times
The Economic Times India's e-commerce export hubs expected to create 2.75 lakh jobs
TeamLease Degree Apprenticeship, the largest degree apprenticeship provider collaborating with 22 universities nationwide, reports that India’s plan to develop 50 e-commerce export hubs is projected to create up to 2.75 lakh jobs.
The Economic Times Aditya Birla Sun Life AMC appoints Pradeep Sharma as new CFO, effective October 31
Aditya Birla Sun Life AMC has appointed Pradeep Sharma as its new Chief Financial Officer, effective October 31, 2024. Sharma brings over 30 years of finance experience to the role.
The Economic Times We get leverage when China invests in India, says Finance Commission chairman Arvind Panagariya
Leading economist Arvind Panagariya advocates allowing Chinese investments in India, barring security risks. He highlights the potential leverage gained against China and argues that FTAs with large markets could boost foreign investments. His book criticizes import substitution, urging reforms and citing India's telecom success as an exception.
The Economic Times AI experts’ sky-high salary demand stumps Indian companies
According to Mark Samlal of San Francisco-based Deel, a payroll and compliance provider, at least 132 companies looking to hire AI talent in India are facing high salary expectations from candidates. Deel currently serves organisations like BCG, Nike, Forever21, Shopify, Klarna, Reddit and BBC Studios. Its 550 employees in India account for over 13% of its global workforce of 4,000.
The Economic Times Adani’s airport business to undergo de-merger by 2027-28: Group CFO
Adani Group aims to demerge its airport business by 2027-28, guided by financial independence and operational readiness. This comes as Adani Enterprises Limited launches its first public issue of NCDs, targeting up to Rs 800 crore. The raised funds are intended for prepaying or repaying existing borrowings, facilitating growth.
The Economic Times RBI likely to issue final project finance guidelines in 2-3 months
The Reserve Bank of India is expected to release final guidelines soon on provisioning and accounting norms for project finance. Discussions are also ongoing for Expected Credit Loss guidelines. The RBI aims to implement new provisions at 5% in phases, addressing concerns from stakeholders about the increased costs for banks and borrowers.
The Economic Times Responsible lending is as important as responsible borrowing: RBI official
A senior RBI official emphasised the need for responsible lending to build consumer trust and protection in digital lending using AI/ML models. With AI's growing role in credit assessment, banks need to focus on governance and financial literacy. Digital lending is expected to surpass $1 trillion by 2030.
The Economic Times SEBI issues notice to Religare Ent's Rashmi Saluja
The investigation centres on trades conducted by Saluja last year on September 21 and 22, days before the Burman family's open offer for Religare Enterprises was announced on September 25, 2023.
The Economic Times Sebi chief Madhabi Puri Buch says compliance must not burden companies
SEBI chairperson Madhabi Puri Buch emphasized the ease of regulatory compliance at the Global Fintech Fest. She discussed the positive reception of new REIT regulations and addressed conflict-of-interest allegations from Hindenburg Research regarding her ties to Blackstone, which both she and the Adani group have denied.
The Economic Times Corporate revenue growth slows to 5-7% in June quarter, lowest in 15 quarters: Crisil
The dip in growth was driven primarily by a downturn in agriculture-linked sectors such as fertilisers, seasonal factors, and the impact of general elections on construction-linked industries.
The Economic Times Tax authorities send Rs 606 crore GST demand notice to LIC
Life Insurance Corporation of India (LIC) has received a demand notice for Rs 605.58 crore from tax authorities for short payment of GST in the financial year 2019-20. The notice, which includes interest and penalties, is appealable. LIC reports no material impact on its financials or operations due to this notice.
The Economic Times GST: Simplification and Rationalisation
​The GST Council is holding its next meeting on September 9, which is crucial as the Centre and states' body has an opportunity to address some of the most pressing issues within the GST system. This meeting marks a pivotal moment for discussing necessary reforms aimed at enhancing the efficiency and fairness of the tax structure.
The Economic Times Reliance AGM 2024 Live Updates: Mukesh Ambani announces RIL Board of Directors to meet for 1:1 bonus shares; big focus on AI - check top highlights
RIL AGM 2024 Live: Mukesh Ambani, the Reliance Industries Chairman, said that his conglomerate, which spans from oil to telecom, is not focused on generating short-term profits or accumulating wealth for its own sake. Mukesh Ambani announced at Reliance Industries' AGM that the company will establish gigawatt-scale, AI-ready data centers in Jamnagar, Gujarat.
The Economic Times RIL's direct employment numbers dip but total headcount jumps. Mukesh Ambani explains why
Reliance Industries chairman Mukesh Ambani announced that while the company's direct employment has decreased, total employment has increased due to new engagement models. Reliance added over 1.7 lakh jobs last year and now has a headcount of nearly 6.5 lakh, continuing to be one of India's largest employers.
The Economic Times Reliance Retail now amongst top 5 global retailers, in terms of number of stores: Mukesh Ambani at AGM
Reliance Industries Chairman Mukesh Ambani stated that Reliance Retail ranks in the top five global retailers by store count and in the top 30 by revenue. The company invested Rs 4,330 crore in the last financial year, leveraging equity and debt, and transferred supply chain assets to Reliance Logistics and Warehouse Holdings.
