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The Economic Times
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.
The Economic Times India Inc wants staff to be ‘fit’ enough for hikes
Corporate India is prioritising employee health and wellness with companies like Deutsche Bank, Aditya Birla Health Insurance, and Philips integrating health goals into performance reviews. Initiatives include onsite diet consultants, wellness sessions, heart health assessments, and tracking health metrics. Aditya Birla Health Insurance now requires employees to incorporate health goals into their key result areas.
The Economic Times As M&A scene hots up, India Inc strengthens in-house legal teams
Large Indian conglomerates are strengthening their in-house legal teams with M&A specialists due to a surge in local and cross-border deals. Companies like Reliance Industries, Cipla, and Aditya Birla Group are hiring experienced lawyers to reduce reliance on external counsel and enhance transaction efficiency.
The Economic Times Byju’s obligated to repay $1.2 billion with interest, says US lenders
The lenders say the troubled edtech company has not made any contractually due payments in over 17 months and neither founder Byju Raveendran nor the Insolvency Resolution Professional has the authority to disqualify any term loan lender.
The Economic Times Real money gaming sector tops GST evasion list
The Directorate General of GST Intelligence has identified the real money online gaming sector as a major tax evasion area, detecting Rs 1.10 lakh crore in evasion. Offshore entities based in tax havens pose significant challenges. The agency recommends a multi-agency approach and public awareness to tackle this issue effectively.
The Economic Times Tracking Inflation: A look at DGGI's latest report and it's connection with online gaming
The real money online gaming industry has topped the list of tax evaders, as reported by the Directorate General of Goods and Services Tax Intelligence (DGGI). The agency detected tax evasion totaling around Rs 1.10 lakh crore, issuing show-cause notices to 34 taxpayers. Actions have also been taken against 118 domestic entities and 658 offshore entities.
The Economic Times Adani Green Energy elevates Saurabh Shah as CFO
Shah, who currently holds the position of Deputy CFO at Adani Enterprises Limited, succeeds Phuntsok Wangyal, who resigned on September 14, 2024, to pursue other career opportunities.
The Economic Times Piyush Goyal unveils two portals to resolve exporters' issues, bring transparency
Commerce Minister Piyush Goyal launched two digital initiatives to assist exporters. The Jansunwai Portal provides necessary information and direct communication with officials, while the ERP portal of ECGC offers online services like claims and credit support. These measures aim to streamline export processes and enhance MSME exports.
The Economic Times 100 days of Modi 3.0: Infrastructure projects worth Rs 3 lakh crore approved
The Modi-led government sanctioned ₹3 lakh crore for infrastructure projects within its first 100 days to enhance connectivity and economic growth. Notable projects include a major port in Maharashtra, extensive road construction under PMGSY-IV, high-speed road corridors, new railway lines for better travel experience, and airport upgrades in Varanasi, Bagdogra, and Bihta.
The Economic Times Reliance Capital Insolvency: NCLAT notice to IIHL on CoC plea for interest for extended time & forfeiture
The NCLAT has issued a notice to IndusInd International Holdings Ltd over a plea by Reliance Capital's lenders seeking interest on delayed payments and forfeiture of Rs 2,750 crore in case of default. The lenders want modifications to an NCLT order extending the payment deadline for IIHL's Rs 9,861-crore resolution plan.
The Economic Times TIME's World's Best Companies 2024 List: HCLTech, Adani Group, Reliance make the cut; see full list of Indian firms
Several Indian companies have been featured on TIME's World's Best Companies of 2024 list. Notable names include HCLTech, Infosys, Wipro, Adani Group, and Reliance Industries. HCLTech ranked highest among Indian firms at 112. The list evaluates companies based on employee satisfaction, revenue growth, and sustainability.
