The Economic Times
The Economic Times Business Travel sees incremental growth amid strong passenger demand & industry momentum
In terms of accommodation, the average room rate across the top 100 corporate cities stood at USD182, showing a slight decline of USD 5 compared to H1-2023. The global hotel occupancy rate, as per STR’s July 2024 report, is forecast to hit 70 per cent. The car hire sector has also seen changes, with the global average daily rate for H1-2024 at USD54, marking a notable 26 per cent decrease compared to 2023.
The Economic Times Renewable firms hiring talent across levels amid expansion
India's renewable energy companies, including Adani Green Energy and Tata Power Renewable Energy, are ramping up hiring to support the nation's goal of net zero emissions by 2070. They seek talent in areas like project management, data science, and solar manufacturing. Companies are also collaborating with government bodies and engineering colleges for recruitment and upskilling initiatives.
The Economic Times Private credit deals to touch USD 10 bln in 2024: Report
Private credit deployments in India are expected to exceed USD 10 billion in 2024, according to a report by EY. The first half of 2023 saw over USD 6 billion in private credit transactions across sectors like real estate, infrastructure, and healthcare. Domestic funds are gaining market share, driven by local expertise and lower-cost domestic money.
The Economic Times China asks its carmakers to keep key EV technology at home
China has urged its carmakers to keep advanced EV technology within the country, even as they build factories abroad to avoid tariffs. The Ministry of Commerce advised exporting knock-down kits for final assembly overseas and warned against investments in India. This move aims to protect China's EV industry know-how.
The Economic Times Protesting Sebi employees yet to reach accord with management
Sebi employees and its chief Madhabi Puri Buch remain at odds over HR issues, despite recent negotiations. Around three-fourths of Sebi's officers oppose a September 4 statement blaming external elements for staff complaints. Employees have staged silent protests, while Buch has not directly engaged in the talks.
The Economic Times Consumer staples suppliers see stable prices this festive season
Dealers and distributors are not stocking these commodities, which they generally do during the festive season, as the supply side is strong and they are lifting stock according to the requirement.
The Economic Times Consumption loan portfolio expands 15pc to Rs 90 lakh cr in FY'24: Report
India's consumption loan portfolio grew by 15.2% YoY to Rs 90.3 lakh crore as of March 2024, according to a CRIF High Mark report. The growth slowed from 17.4% in March 2023 due to deceleration in home loans. Personal loans and two-wheeler loans showed strong growth, while MSME lending displayed mixed results.
The Economic Times Women CFOs bat for workplace safety, inclusion in corporate budgets
Women finance heads have discussed with ETCFO the critical importance of mental security, robust safety infrastructure, and a transparent reporting culture.
The Economic Times CFO movements in August 2024: HCL Tech, Apple, Mphasis, and more leadership transitions
August 2024 saw notable CFO transitions across major firms including HCL Technologies, Apple, Dr Lal PathLabs, Mphasis, Bata India, Lockton, Perfios, Shriram Properties, and Aditya Birla Sun Life AMC.
The Economic Times SM Auto Stamping CFO Suresh Jagdale resigns
In a statement to the BSE, SM Auto Stamping confirmed Jagdale’s decision to leave, citing other assignments as the reason for his departure.
The Economic Times Strengthening group audits - Who’s responsibility it is?
In light of ongoing debates surrounding group audits, Ashok Haldia, a seasoned finance expert and Chartered Accountant, examines the complexities of SA 600 versus ISA 600 in group audits, exploring contentious issues related to responsibility, access to working papers, and the appointment of component auditors.
The Economic Times Analjit Singh’s family office clears Rs 5,500-6,000 cr KKR debt by selling 3.2% stake in Max Financial
Analjit Singh's family office has repaid debts worth ₹5,500-6,000 crore taken from KKR & Co a decade ago for investments in property and hospitality ventures. The final tranche of ₹1,200 crore was cleared last week using funds from a 3.2% stake sale in Max Financial, reducing the family's holding to 3.2%.
The Economic Times Digital cos with 10% India users need CCI nod for mergers & acquisitions
Mergers and acquisitions involving digital firms with significant operations in India will need clearance from the Competition Commission of India (CCI) if they meet specific criteria. The new regulations, effective from September 10, aim to capture important transactions, especially in the digital sector, ensuring regulatory scrutiny for deals above ₹2,000 crore or with substantial business operations in India.
The Economic Times Festive spending to spur ad sales in 2nd half of 2024
Media agencies predict mid-to-high single digit ad revenue growth for the second half of 2024, driven by festive season spending. Brands are expected to spend nearly 50% to 55% of the annual ad expenditure during this period. The absence of major cricket events will benefit non-cricket entertainment properties.
The Economic Times Mixed growth signals, India’s FY25 GDP may slow to 6.7%: Nomura
Nomura is forecasting India's GDP growth to slow to 6.7% in FY25, below the RBI's 7.2% prediction. The report cited mixed growth signals, with positives in government spending and rural demand but negatives in consumer discretionary, industrial, and external demand. India's economy grew 8.2% in FY24 but slowed to 6.7% in April-June FY25.