The Economic Times The Economic Times

The Economic Times India set to become $8 trillion economy by 2034: Shaurya Doval

Doval said that "as we head into the next 25 years, we are going to see India is going to pivot much of the world in terms of its economics and its geopolitics, and that's great news for India and Indians".

The Economic Times India needs to focus on services, financialisation trend in coming decades: Subhash Chandra Garg

Delivering a special address at the ETCFO Turning Point conference, the former finance secretary says the next few decades could truly belong to India if the country successfully transitions to a service-oriented economy while capitalising on its financialisation trends.

The Economic Times India is transitioning to a services driven economy: SC Garg

"Services will make the difference to us, and that will power India's decade, " said Subhash Chandra Garg while delivering a keynote address at the annual CFO Conference - ETCFO Turning Point focussed on 'Powering India Inc's Decade'. Garg advocated for a strategic focus on services, particularly in terms of exports, where he sees significant growth.

The Economic Times India's private capex conundrum

The Reserve Bank of India's policy rates have been stable for the past 18 months. The government came into power and promised growth. The Union Budget focused on public spending and stability. But has private capex picked up?

The Economic Times Discussed F&O issue with Sebi, not all savings going into derivatives: RBI Governor

The RBI governor said all household savings weren’t going into the futures & options (F&O) segment. In June, the RBI Governor had expressed concerns over the volumes of trading in the derivatives market, highlighting that these perhaps have become larger than the nominal GDP of India.

The Economic Times Aiming to manage assets worth Rs 50,000 cr by 2028 with emphasis on MSME loans: Godrej Capital's CEO

Utilising digital platforms for streamlined loan applications, automated credit scoring and fast disbursement can help MSMEs bridge their credit gap, according to Manish Shah, MD & CEO of Godrej Capital.

The Economic Times To keep younger employees happy, India Inc companies are perfecting a new reward playbook

Companies such as Epsilon India, Roche Information Solutions India, Merck India, Thryve Digital, and Allstate India are leading this change, integrating innovative methods to engage and motivate younger employees.

The Economic Times Over 40% of women face bias at work, says Aon study

A survey of over 24,000 professional women showed that bias, mental exhaustion, and post-maternity setbacks are leading causes for women missing career opportunities. Despite high ambition and dedication, many face discrimination, especially in senior roles, highlighting the need for inclusive policies and supportive workplace cultures to retain talented women.

The Economic Times RBI reports record high forex reserve at USD 675 Billion

The governor added that Foreign direct investment (FDI) flows picked up in 2024-25 as gross FDI rose by more than 20 per cent during April-May 2024, while net FDI flows doubled during this period compared to the corresponding period of the previous year.

The Economic Times RBI sees FY25 GDP growth at 7.2% on resilient domestic economic activity

Real GDP growth for 2024-25 is projected at 7.2 per cent, with Q1 at 7.1 per cent; Q2 at 7.2 per cent; Q3 at 7.3 per cent; and Q4 at 7.2 per cent, RBI governor Shaktikanta Das said in his Monetary Policy Statement.

The Economic Times RBI Monetary Policy Committee keeps repo rate unchanged at 6.5%

RBI June MPC Repo Rate: This marks the ninth consecutive time that the MPC has maintained the policy repo rate at 6.50 per cent. The last adjustment to this rate, when it was increased from 6.25 per cent to 6.50 per cent, occurred on February 8, 2023.

The Economic Times Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties

On Wednesday, the Lok Sabha passed the Finance Bill 2024, which includes a major amendment to the long-term capital gains (LTCG) tax on real estate. Originally proposed to be reduced to 12.5% without indexation (which adjusts for inflation), Finance Minister Nirmala Sitharaman introduced an amendment allowing taxpayers to choose between the new 12.5% rate without indexation or the old 20% rate with indexation for properties bought before July 23, 2024.

The Economic Times India mulls major cut to food weighting in new CPI basket

An Indian government panel may reduce the food weighting in the consumer price index (CPI) by up to 8 percentage points, aiming to curb inflation spikes. This potential revision, based on outdated 2011-2012 data, is set for implementation by January 2026, aligning the CPI more accurately with current consumer spending patterns.

The Economic Times To hike or not to hike? RBI watchers on guard for shift

India's central bank, led by Governor Shaktikanta Das, is expected to keep interest rates unchanged on Thursday despite global market volatility. However, a potential policy shift may be signaled as the Monetary Policy Committee's term ends in October. Inflation remains above target, but upcoming CPI revisions could impact future rate decisions.

The Economic Times Investors make Rs 9 lakh crore as bulls return to D-St. 5 factors behind 875 pt Sensex rally

Benchmark equity indices Sensex and Nifty closed over 1% higher on Wednesday, driven by gains in banking, metal, and IT stocks, as global markets calmed fears of a US recession. The BSE Sensex rose by 875 points or 1.11%, closing at 79,468. Meanwhile, the broader NSE Nifty increased by 305 points or 1.27%, finishing at 24,297.