CNN 
Google News 
ESPN 
The Times of India 
BBC News 
ESPN Cricinfo 
Dainik Bhaskar 
The Hindu 
NDTV 
Indian Express 
IBN - News 18
The Economic Times
The Economic Times Trade unions divided over the unified pension scheme
While central trade unions like the All India Trade Union Congress (AITUC) and Centre of Indian Trade Unions (CITU) have outrightly rejected the unified pension scheme (UPS) announced by the government on Saturday and urged government to restore the old pension scheme (OPS), RSS-affiliate Bhartiya Mazdoor Sangh (BMS) said though its is close to the OPS yet difference remain and the trade union will decide on its future course of action after the details of UPS are out.
The Economic Times Gig worker demand set to rise 40% during festive season peak
As the festive season kicks in, the demand for gig work riders employed by quick commerce platforms may grow by as much as 40% on peak demand days from the current level of about three to four lakh riders, industry executives told ET. Ecommerce and food delivery platforms may hire about 20% more gig riders.
The Economic Times Banks up tech hiring with RBI pushing for enhanced risk management
In response to the RBI's increasing focus on financial sector stability, banks are bulking up their technology capabilities by expanding their tech teams and increasing IT investments. This comes amid the growing importance of cybersecurity and the need to adopt AI-driven services, which are becoming essential components of the banking industry.
The Economic Times Domestic banks and NBFCs increase exposure to Adani Group to 36% of total debt
Domestic banks and non-banking financial companies raised their exposure to the Adani Group to 36% of its total debt by March 2024, lending ₹88,100 crore. The group’s debt increased due to capital expenditures in airports and green energy. However, a 45% rise in operating profit helped reduce its net debt-to-operating profit ratio to its lowest in six years at 2.19 times, down from 3.27 times a year earlier.
The Economic Times Tata Sons repays Rs 20,000-crore debt in bid to stay private
As a core investment company that borrows funds from banks and markets to invest in group companies, Tata Sons was classified by the RBI as an NBFC-Upper Layer (NBFC-UL) in September 2022. Under RBI regulations, an NBFC-UL must be listed within three years of such a categorisation. But with the promoter risk profile reducing drastically following the debt repayment, Tata Sons is no longer required to list its stock, having offered to surrender its certificate of registration to the central bank.
The Economic Times What are the contentious issues before the GST Council?
At the upcoming 54th meeting of the council, the primary focus will be on rate rationalisation and the taxation of health and life insurance products.
The Economic Times India’s Tax System Crisis: Addressing Accountability and Efficiency Failures
Sandeep Bhalla, Partner at Dhruva Advisors, highlights the challenges facing India's tax administration: declining accountability, rising disputes, and the need for reforms to restore fairness and efficiency.
The Economic Times Cognizant sues software rival Infosys over trade secrets
As per reports, Cognizant said in the lawsuit that Infosys illegally extracted data from its databases and used the same to build a competing software. Comments sought from Cognizant didn’t come till the press time, even as an Infosys spokesperson said, “Infosys is aware of the lawsuit. We deny all allegations and will defend our position in the court.”
The Economic Times Q1 growth seen in slow motion on manufacturing slump, lower government spending amid polls
India's growth in Q1 FY25 slowed to a median 6.85%, impacted by lower urban consumption, weakened manufacturing, and reduced government spending during elections. Economists anticipate recovery in subsequent quarters despite an uneven monsoon and tepid commodity gains. The government will release detailed growth data by August 30.
The Economic Times Nexus Select Malls cuts 60% of power costs with renewable sources; hypermarkets losing appeal, says CFO
Rajesh Deo says gourmet stores are thriving because of the unique experiences they offer.
The Economic Times Adani Power has $800 million in unpaid dues from Bangladesh
The South Asian country owes this sum to Adani Power Ltd., part of the Indian mining-to-media conglomerate, for electricity supplied by its coal-fired plant in the Godda district of the eastern state of Jharkhand, Bangladesh Bank’s newly-appointed Governor Ahsan H. Mansur told Bloomberg News in an interview.
The Economic Times US advisory co votes to oust Bina Modi from board of Godfrey Phillips, backs son Samir
Glass Lewis also advised shareholders to vote against Samir Modi's ouster from the company's board, according to a report by the firm, seen by ET. Bina Modi, 79, is the mother of Samir Modi. Her reappointment proposal will require the approval of 75% of shareholders because of her age. She is entitled to get 5% of the company's net profits for each financial year as commission.
The Economic Times No 'hard approach' with taxpayers in initial stage, Finance Minister advises officials
Finance Minister Nirmala Sitharaman advised tax officials to avoid taking a "hard approach" with taxpayers at the early stages and instead focus on resolving doubts to prevent grievances. At the launch of a new GST office in Udaipur, she emphasized better communication and sector-wise outreach to address tax issues effectively before they become major problems.
The Economic Times Anil Ambani's Reliance Home Finances' audit finds Rs 8,884 cr outstanding loans to indirect entities
As the Securities and Exchange Board of India (SEBI) barred Anil Ambani and 24 other entities from the capital markets for five years, the forensic audit of Reliance Home Finance Ltd found the company still had loans worth Rs 8,884.5 crore to "Potentially Indirectly Linked Entities" outstanding at the time of review.
The Economic Times CA's should be 'extra careful' while auditing listed SMEs : SEBI
Ashwani Bhatia, Sebi's whole-time member, urged chartered accountants to be extra diligent when auditing listed SMEs, emphasizing their growth potential. He highlighted that SME entities had raised Rs 14,000 crore, with Rs 6,000 crore in FY24 alone. Bhatia also noted concerns about 'price manipulation' and limited interest in delisting due to high valuations.
