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The Economic Times
The Economic Times Food processing ministry to take up food industry's concern on GST with GST Council: Chirag Paswan
The Centre held a consultation with over 100 senior executives of food companies to address issues related to ease of doing business, imports, GST rates, and misconceptions about processed foods. The meeting aimed to promote investment and enhance the food processing sector as part of World Food India 2024.
The Economic Times ED grills ex-CFO of Religare Enterprises in money laundering probe
The ED had last week lodged an enforcement complaint information report to investigate an alleged money-laundering offence. The ED's case is based on an FIR registered with the Mumbai Police, where the central agency is the complainant.
The Economic Times Justice beyond courts: India Inc chooses arbitration over legal proceedings
According to various surveys by legal firms and consultancy firms, broadly, 70-80 percent of businesses prefer the arbitration process for dispute resolutions. CFOs, in-house councils and the management also vote for arbitration for resolution.
The Economic Times A&M India names Bharat Garg, Sameer Amte as Managing Directors
Bharat Garg to lead Consumer and Retail Growth, Sameer Amte to strengthen Industrial Sector at A&M India.
The Economic Times India's economy will double by 2030, projects NITI Aayog CEO, aiming for global power status
BVR Subrahmanyam, CEO of NITI Aayog, envisions a transformative economic future for India, projecting a doubling of the economy by 2030 and highlighting its potential as a global powerhouse.
The Economic Times Star claims $940 million damages from ZEE over failed deal
Star India, owned by Walt Disney, has sought $940 million in damages from Zee Entertainment for not honoring a $1.5 billion ICC TV rights deal. Zee refuted the claims and stated that arbitration is still in its initial stages. The matter will likely continue post Star's merger with Viacom18.
The Economic Times Banks step up vigil on fraudulent account opening via digital banking channels
“Some of the largest banks in the country could be processing around Rs 300-400 crore worth of fraudulent transactions through mule accounts on a monthly basis; for mid-tier banks, the amount could be around Rs 50-100 crore," a senior banker with a private sector bank said on the condition of anonymity.
The Economic Times GST haze holding up funding, innovation at ride-hailing companies
App-based ride-hailing firms have put innovation and fresh investments on the backburner due to uncertainty around the Goods and Services Tax (GST) rates applicable under different business models on taxi and auto-rickshaw rides. Aggregators have cited conflicting rulings by the Authority on Advance Ruling (AAR) for hitting the brakes on their future plans.
The Economic Times Online festive season sales set to touch $12 billion this year: report
Festive season sales, in terms of gross merchandise value (GMV), will likely reach $12 billion this year, rising 23% from the previous year’s $9.7 billion, according to data from market research company Datum Intelligence. Quick commerce may account for $1 billion of these ecommerce sales.
The Economic Times Tatas future bets woven along India's growth ambitions, says N Chandrasekaran
Tata Sons chairman N Chandrasekaran anticipates Tata Electronics, Air India, and Tata Digital to become top businesses within three years. The group's revenue grew by 13% in FY24, with profits surging over 50%. Investments are projected to exceed $120 billion in five years, focusing on electronics, digital services, and battery manufacturing.
The Economic Times Fed opens up policy space around the world without feeding panic
The Federal Reserve's recent half-point interest rate cut has influenced global central banks, including those in Europe and emerging markets. This move aims to ease pressure on exchange rates and provide space for recalibrating their own rate settings. The European Central Bank may consider further cuts, while emerging markets adjust their policies accordingly.
The Economic Times Bhartias lead race for Coke bottler Hindustan Coca-Cola Beverages, ink exclusivity pact to buy up to 40% stake for $1.4 billion
The Jubilant Bhartia Group promoters are leading the race to acquire a significant minority stake in Coca-Cola's India bottling arm, Hindustan Coca-Cola Beverages (HCCB). They have signed an exclusivity agreement with Coca-Cola to negotiate the purchase for Rs 10,800-12,000 crore. This move is part of Coca-Cola's strategy to adopt an asset-light model and precedes a planned listing of HCCB.
The Economic Times Nippon Life India names Parag Joglekar as CFO
Nippon Life Asset Management Company also redesignated Amol Bilagi as the Deputy Chief Financial Officer who was appointed as the Interim CFO in January.
The Economic Times US Fed slashes interest rates by 50 bps in first cut since 2020
The Federal Reserve has announced a half-point rate cut before the end of this year and an additional percentage point cut in 2025. This decision will lower borrowing costs for consumers and businesses. The Fed is confident that inflation is moving towards its 2 percent target, with balanced risks to employment and inflation goals.
The Economic Times CFOs move into the line of succession for the top job
CFOs are increasingly being seen as strategic partners, with their roles expanding into company strategy, governance, and digital transformation. This shift is positioning them for potential CEO roles, especially in sectors like private equity and startups. Their expertise in cost structure, fundraising, and digital initiatives is becoming crucial.
