The Economic Times The Economic Times

The Economic Times Foreign banks urge RBI to relax norms until standoff with ESMA gets resolved

Foreign banks, including Deutsche Bank and BNP Paribas, seek clarity from the Reserve Bank of India on norms that hinder an alternative trading model for bonds and swaps. This comes amid a regulatory dispute between European authorities and the RBI, with an October deadline looming for resolution.

The Economic Times With Swiggy, LG India & Hyundai, IPO market prepares for bigger debuts

Indian companies are exploring larger IPOs, with Swiggy, LG Electronics, and Hyundai Motor's Indian units planning significant offerings. This trend follows India's economic growth and increased investor interest. Notable IPOs this year include Bajaj Housing Finance and Ola Electric Mobility, with most of the 240 offerings raising under $100 million.

The Economic Times Sebi chief Madhabi Buch is addressing conflict of interest claims, says Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman addressed allegations against Sebi chief Madhabi Puri Buch and her husband, stating that they are defending themselves with facts. Sitharaman emphasized the need to consider facts without prejudgment.

The Economic Times GHCL Limited receives notice from GST Department for excess ITC Claim

GHCL Limited has received a scrutiny notice on September 16, 2024 from GST department, Maharashtra for the financial year 2020-21, according to the exchange filling.

The Economic Times Gaming, BFSI top GST evading sectors as DGGI detects Rs 2 lakh crore evasion

Online gaming has emerged as the biggest contributor to tax evasion, with Rs 81,875 crore uncovered in 78 cases followed by BFSI with Rs 18,961 crore detected across 171 cases.

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.