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The Economic Times
The Economic Times Premier Explosives CFO Srihari Pakalapati resigns
Srihari Pakalapati stepped down from his position, citing personal reasons and the company has not yet disclosed its plans for appointing a new CFO.
The Economic Times Finolex appoints Chandan Verma as Interim CFO
Verma, a Chartered Accountant, brings 18 years of diverse experience, having worked with firms such as Deloitte, KPMG, and PCBL Limited.
The Economic Times IRCTC appoints Gaisingam Kabui as CFO
Gaisingam Kabui is an Indian Railway Accounts Service (IRAS) officer from the 2001 batch, an has served as the Finance Head in two key divisions—Lumding and Katihar—and has also worked in the Railway Board as Director of Finance and CCA (Chief Controller of Accounts), bringing in experiences in Railway Finance.
The Economic Times SIS CFO Devesh Desai steps down, takes year long sabbatical
Desai has cited personal reasons for his decision to step down. SIS has not yet provided any updates on whether a successor will be appointed to fill the CFO role during his absence.
The Economic Times CA death at EY: ICAI forms group for work-life balance; President Agarwal urges organizations to prioritize employee well-being
In the wake of CA Anna Sebastian Perayil's tragic death at EY, ICAI President Ranjeet Kumar Agarwal urges organizations to prioritize employee well-being and implement balanced work policies to combat stress.
The Economic Times Bharat Road Network CFO Arindam Bhowmick resigns
Bhowmick, who joined the company in 2018, steps down after more than six years of service. He resigned to pursue career opportunities that better align with his long-term professional goals.
The Economic Times Rejigged monetary policy committee may not alter status quo
Global easing has lowered 10-year govt bond yi elds to a two-and-a-half-year low, but RBI is focusing on food prices.
The Economic Times Government banks on homegrown cos to push EVs
The stiff resistance from local incumbents and their aggressive positioning across ministries dealing with automobiles-related issues - from heavy industries to road transport and commerce and industry - is also expected to result in a dilution of benefits for electric vehicles that were proposed under the free trade agreement with the UK, sources privy to the discussions told TOI.
The Economic Times Pay a penalty of Rs 1.5 lakh or 0.5% of total sales if you fail to submit tax audit report by September 30, 2024
Income Tax Audit: The tax audit report submission deadline for specified taxpayers is September 30, 2024 for FY 2023-24 (AY 2024-25). If you miss this deadline you need to pay Rs 1.5 lakh penalty or 0.5% of total sales, whichever is lower. This can cause a significant loss, hence upload the tax audit report by September 30, 2024.
The Economic Times GSTN restores July, August 2017 GST returns data; experts suggest ERP upgrade for better data management
GSTN has restored July and August 2017 GST returns data on the Common Portal, addressing taxpayer concerns. Experts advocate for collaboration among GSTN, the GST Council, and CBIC to ensure that advisories align with evolving GST regulations.
The Economic Times Tier-2, 3 cities make a small dent in Bengaluru's GCC growth story
Bengaluru saw slower growth than the rest of the country, with the total number of GCC units across the country increasing 62.5% to 2,975 from 1,830 during the five-year period. According to Sangeeta Gupta, chief strategy officer, Nasscom, Bengaluru already houses the largest number of GCCs, which have also matured, and many of these companies could have opened their second or third centers in smaller cities.
The Economic Times D2C startup Wakefit records 24% jump in its FY24 revenue
Wakefit cofounder Chaitanya Ramalingegowda attributed the increase in revenue to the company’s focus on strengthening its omnichannel presence, with some stores reaching maturity and a new wave of outlets opening, along with the benefits of an automated mattress factory.
The Economic Times Govt needs to promote labour-intensive industries to generate jobs: Raghuram Rajan
According to him, the industries that are more capital-intensive are growing faster, but labour-intensive industries are not growing.
The Economic Times Income tax simplification hopes rise as feedback process nears rollout; Budget 2025 may bring big news on direct tax laws
The govt will invite suggestions from the private sector and tax experts on the Income Tax Act, 1961, starting October. This initiative aims to simplify the direct tax law by reducing outdated clauses and mitigating litigation. The amended Act is expected to be presented in the Budget session of Parliament in early 2025.
The Economic Times Lavasa creditors set eligibility floor to begin resolution 2.0
Creditors of Lavasa Corp, India's first private hill town project, have set new eligibility criteria for prospective bidders after a failed attempt earlier this year. They require a ₹100 crore net worth and a ₹25 lakh refundable deposit. Lenders are also considering appointing a new resolution professional and process advisor.
