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The Economic Times
The Economic Times Reliance in pact with Israeli apparel company Delta Galil
Reliance has partnered with Israeli firm Delta Galil to form a joint venture for designing and selling lingerie in India. This collaboration will compete with Page Industries, known for brands like Jockey. The venture will also introduce Delta's global brands to the Indian market, expanding Reliance's already significant presence in the innerwear segment.
The Economic Times Gautam Adani's plan to invest $1.85 billion in Kenya’s largest airport blocked by court
Kenya’s High Court has temporarily paused a government plan to transfer the management of Nairobi's Jomo Kenyatta International Airport to Adani Group. The 30-year lease proposal has sparked controversy, with Kenya’s aviation union raising concerns about potential job losses and foreign workers replacing locals. The Adani Group has yet to comment on the situation. This legal development follows last month's call for a strike by the Kenya Aviation Workers Union in opposition to the deal.
The Economic Times Dixon to make laptops, computers for HP in India at a factory in Tamil Nadu
HP Inc. and Dixon Technologies' Padget Electronics have signed an MoU to manufacture HP laptops, personal computers, and all-in-one systems in Tamil Nadu. The announcement, made by Union Minister Ashwini Vaishnaw, highlights the success of the Production Linked Incentive scheme under the Make in India initiative. The new facility is expected to create approximately 1,500 jobs initially.
The Economic Times India Inc sees 63 pc surge in deal value at $8.7 billion in August: Report
India Inc saw a huge 63 per cent increase in deal value for the month of August at $8.7 billion amid geopolitical challenges, as telecom, energy and EV sectors shined, a report showed on Monday.
The Economic Times GST Council Meet: New GoMs on insurance & compensation cess to B2C e-invoicing pilot, here are key highlights
The 54th GST Council meeting concluded on Monday unveiled major reforms, including new Groups of Ministers, tax rate adjustments, and a voluntary B2C e-invoicing pilot, shaping India's tax landscape. ETCFO brings to you key highlights
The Economic Times GST Council Meeting Key Takeaways: Check all key decisions by Nirmala Sitharaman & Co
54th Gst Council Meeting Key Takeaways: The 54th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is taking place in New Delhi. Key agenda items include reducing GST on health insurance premiums, taxing online payments above Rs 2,000, and addressing Infosys' tax notice of Rs 32,400 crore. State finance ministers and senior officials are also in attendance.
The Economic Times GST on online gaming resulted in 412% more revenue in six months, netted ₹6,909 crore, says Finance Minister Sitharaman
Finance Minister Nirmala Sitharaman announced a significant increase in revenue from online gaming, with a 412 percent jump to ₹6,909 crore in six months. This follows the implementation of a 28 percent GST on both skill-based and chance-based online games starting October 1, 2023. Casinos also saw a 30 percent revenue increase. India has 442 million gamers, making it the second largest market globally, with the industry expected to grow significantly.
The Economic Times Namkeens to get cheaper as Centre announces GST cuts
At the 54th GST Council meeting on Monday, the Centre decided to cut down on the cost of namkeen and savoury products, announced Finance Minister Nirmala Sitharaman at the press meet after the meet. The GST rate on such products have been reduced prospectively to 12 percent from 18 percent, she said.
The Economic Times GST Council defers announcement on insurance premiums, matter to be taken up in next meeting
GST on Health Insurance: The GST Council has postponed a decision on reducing the GST rate for health and life insurance premiums, currently at 18 per cent. The matter will be discussed in the next meeting. This delay affects potential financial relief for policyholders, including senior citizens.
The Economic Times Saurashtra Cement appoints Pradeep Mehta as CFO
Saurashtra Cements has announced the appointment of Pradeep Mehta as its new Chief Financial Officer, following the retirement of Virendra Raj Mohnot on September 8, 2024.
The Economic Times Tac Infosec CFO Vishal Jain resigns
Vishal Jain stepped down from his role citing personal reasons.
The Economic Times GST on online transactions up to Rs 2,000 to be referred to fitment committee: Uttarakhand FM Premchand Aggarwal
Uttarakhand Finance Minister Premchand Aggarwal stated that the GST Council did not reach a decision on imposing 18% GST on payment aggregators for transactions under Rs 2000. The matter will be reviewed by the fitment committee. Additionally, the issue of GST on Research and Development will also be referred to the committee. Aggarwal announced a reduction in GST on religious helicopter travel from 18% to 5%.
The Economic Times Repco Home Finance’s CFO K Lakshmi resigns
K Lakshmi, joined Repco Home Finance in 2022, and tendered her resignation citing personal reasons.
The Economic Times CreditAccess Grameen elevates Nilesh Dalvi to CFO
Nilesh Dalvi, who joined CreditAccess Grameen in 2019, previously held the role of Senior Vice President, leading Investor Relations and ESG initiatives, before being elevated to Chief Financial Officer.
The Economic Times Adani warns Bangladesh of $500 mn 'unsustainable' payment delays as energy crisis looms
The Adani Group has warned Bangladesh's interim government, led by Muhammad Yunus, about a $500 million backlog in unpaid dues from a major power project. Despite financial strain, Adani remains committed to supplying power. The new administration plans to re-evaluate previous energy deals for better financial efficiency.
