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The Economic Times
The Economic Times HEG CFO Gulshan Kumar Sakhuja resigns
Gulshan Kumar Sakhuja has resigned from his position to pursue opportunities outside of the organisation.
The Economic Times Former Finance Secretary SC Garg urges bold reforms and STEPS investment to hit $5 trillion economy by 2027
"My broad sense is that the government is still operating with a 20th-century mindset," said Subhash Chandra Garg.
The Economic Times Bizongo appoints Gaurav Singhania as Group CFO
Mumbai-based B2B e-commerce platform Bizongo has announced the appointment of Gaurav Singhania as Group Chief Financial Officer. In addition, Bizongo is expanding its offerings with BizongoBuy and BizongoFin to further its market presence.
The Economic Times Deloitte reports record revenue of $67.2 billion for FY24, a 3.1% jump
Deloitte reported a $67.2 billion global revenue for FY2024, marking a 3.1% increase. With notable growth in Tax & Legal and a strategic FY2025 restructure, the firm targets enhanced integrated solutions and tech-driven transformation.
The Economic Times India's decade will be SBI's decade, too...as the best, most valued bank: Challa Sreenivasulu Setty, Chairman
Challa Sreenivasulu Setty, the new chairman of State Bank of India, is aiming to leverage the bank's extensive network and brand to attract more deposits while managing risks in infrastructure financing. He emphasises technology, customer service, and cyber security as key priorities to enhance productivity and maintain consistent performance.
The Economic Times Reliance Retail to transfer most of its FMCG brands to RCPL to scale up the business
Reliance Retail is set to transfer its FMCG brands, including Campa and various private labels, to Reliance Consumer Products Ltd (RCPL) for rapid business expansion. RCPL plans exclusive bottling plants for Campa and is preparing for a capital infusion of up to Rs 3,900 crore through equity and debt. This strategic move aims at enhancing brand availability.
The Economic Times 90% of financial institutions focusing on AI, GenAI for innovation: PwC India report
​​ As per the PwC India report titled, 'Mapping the FinTech innovation landscape in India' data analytics also continues to emerge prominently across nearly 74 per cent responses, underscoring its integral role in driving insights and decision-making within the financial services (FS) sector.
The Economic Times ICICI Securities shareholder moves NCLAT against order on delisting
A shareholder has approached the NCLAT challenging the NCLT's approval of ICICI Securities' delisting application. The appeal cites misapplication of regulations, fraudulent voting, and non-transparency concerns. Quantum Mutual Fund and minority shareholders argue that the share swap negatively impacts them. An investor has also moved the Bombay High Court against SEBI's decision.
The Economic Times Sebi exempts Spice Healthcare from making open offer for SpiceJet shareholders
Markets regulator Sebi has exempted Spice Healthcare Pvt Ltd from making an open offer to SpiceJet shareholders in relation to acquisition of additional shares in the airline. On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline.
The Economic Times Sebi chair Buch traded in listed stocks, violating conflict-of-interest policy, alleges Congress
Congress has accused Sebi chairperson Madhabi Puri Buch of trading in listed securities worth about Rs 37 crore during her tenure, violating conflict-of-interest policies. They also allege she invested in foreign assets, including Chinese funds. Congress demands an investigation into these claims by Prime Minister Narendra Modi.
The Economic Times Banks need to adapt to changing customer preferences to remain competitive: CEA Nageswaran
Chief economic advisor V Anantha Nageswaran highlighted the necessity for banks to adapt to changing customer preferences and market dynamics. During an event by Indian Bank, he emphasized agriculture’s role in economic growth and commended the bank’s MSME Prerana programme. Indian Bank CEO S L Jain acknowledged Nageswaran’s valuable insights on the economy and banking sector.
The Economic Times Major shakeup at PwC: 1,800 Jobs on the chopping block amid restructuring plan!
The bulk of the layoffs is reportedly centred in the advisory and technology divisions, with a significant number of affected employees located offshore. Besides the layoffs, PwC’s products and technology teams are expected to be integrated into various business units.
The Economic Times MoS Finance likely to be convenor of GoM on GST compensation cess
Union Minister Pankaj Chaudhary will lead a Group of Ministers to revise the GST compensation cess nomenclature. The panel aims to decide on apportioning the cess collected from luxury and demerit goods between the Centre and states, while suggesting necessary legal changes for enforcement.
The Economic Times GST Council forms Group of Ministers (GoM) to review tax rate on health, life insurance
The GST Council has created a 13-member Group of Ministers, chaired by Bihar Deputy Chief Minister Samrat Choudhary, to suggest GST rates for health and life insurance products. The panel will submit its report by October 30. Currently, an 18 per cent GST is levied on insurance premiums.
The Economic Times Softbank-backed Swiggy said to eye India IPO filing this week
Swiggy Ltd., an Indian food-delivery platform, is planning to file for its domestic IPO soon, aiming to raise over $1 billion. The company is awaiting approval from India's Securities and Exchange Board. Swiggy competes with Zomato, Amazon India, and Tata Group's BigBasket in the food delivery market.
