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The Economic Times
The Economic Times India Inc extends gender diversity push to temporary hiring for festive season
India Inc is pushing for gender diversity in temporary hiring during peak periods like the festive season. Sectors such as ecommerce, logistics, retail, and BFSI are actively onboarding more women workers. Companies are offering flexible hours, transportation, and skill development programs to attract female talent, with safety measures being significantly enhanced.
The Economic Times Deals & disputes drive India Inc legal spends up by 17% in FY24; RIL & Sun Pharma top spenders
Legal expenses for India's top 500 companies rose by 17% in the last fiscal year, driven by international deal activities, dispute resolution costs, and increased compliance. The Nifty 500 companies spent ₹52,568 crore on legal fees. The top spenders included Reliance Industries and Sun Pharmaceutical Industries.
The Economic Times Etail, logistics companies prepare package for non-metro boom
"Ekart is building the supply chain for India and carries the mission of democratising ecommerce for all brands," said Mani Bhushan, chief business officer at Ekart. "Ekart is well-established and will continue to deepen presence in tier II-III supply chains and beyond." These include last-mile delivery and bulk cargo pickups from brands and manufacturers.
The Economic Times Bajaj Electricals targets Rs 300 crore export revenue and doubling of in-house manufacturing by FY27, says CFO EC Prasad
Bajaj Electricals has leveraged efficiencies from Artificial Intelligence and Machine Learning in its finance department, reducing staff from 300 to over 90, said CFO EC Prasad.
The Economic Times Will NFRA’s ISA 600 plan strengthen grip of Big 5 in Indian auditing?
The shift could expand the influence of large audit firms, such as the Big Five, over a broader range of Indian companies, including numerous unlisted entities, experts say.
The Economic Times STEER World appoints Dhiraj Tiwari as CFO
In this role, Dhiraj will be responsible for overseeing the company's financial operations, including budgeting, forecasting, reporting, and auditing. He will also be an integral part of the executive team, contributing to strategic decision-making.
The Economic Times India’s Services PMI rises to 60.9 in August; Finance & Insurance lead performance
Among the four sub-sectors tracked, Consumer Services saw the steepest rise in input costs in August. Meanwhile, charge inflation was most pronounced in Transport, Information, and Communication sectors. Finance & Insurance as the best performing area of India's service economy regarding both output and new business.
The Economic Times Ministry of Corporate Affairs approves Zee Ent's extension request for AGM
The Ministry of Corporate Affairs has approved Zee Entertainment's request to extend the date for its Annual General Meeting for the accounting year ending March 31, 2024. The company reported a net profit of Rs 13.35 crore for the quarter, compared to a loss of Rs 196 crore last year.
The Economic Times India Inc extends gender diversity push to temporary hiring for festive season
India Inc is pushing for gender diversity in temporary hiring during peak periods like the festive season. Sectors such as ecommerce, logistics, retail, and BFSI are actively onboarding more women workers. Companies are offering flexible hours, transportation, and skill development programs to attract female talent, with safety measures being significantly enhanced.
The Economic Times 48% GST on hybrid cars, 5% on EVs to stay: Amitabh Kant
Speaking at an event organised by Mercedes-Benz Research and Development India (MBRDI) here, Kant said govt will relentlessly push for adoption of clean mobility in the country through various policy measures.
The Economic Times Relief for policyholders: Will 18% GST on term life insurance premium be removed in the GST meeting on September 9, 2024?
The upcoming GST Council meeting is expected to take a decision on removing the 18% GST levied on term life insurance premiums. This decision, if implemented, would provide much-needed relief to insurance customers who have been burdened by the additional tax. The 18% GST levied on life and health insurance premiums has been a contentious issue for several years, with various stakeholders calling for its removal.
The Economic Times Margin focus pushes Indian IT firms away from subcontractors
In FY24, subcontracting costs hit their lowest levels in years: TCS at 6.20% of its revenue (the lowest since FY16), Infosys at 7.70% (lowest since FY21), Wipro at 11.50% (lowest since FY16), and Tech Mahindra at 12.60% (lowest since FY19), according to company data.
The Economic Times Mounting worries for Madhabi Buch: Sebi officials flag ‘toxic’ work culture to government
Sebi officials have complained to the finance ministry about a toxic work culture under chairperson Madhabi Puri Buch. The letter accuses the leadership of using harsh language, setting unrealistic targets, and monitoring employees excessively. Sebi claims issues have been addressed, but concerns about mental health and work-life balance persist.
The Economic Times ICAI's AI tools gain popularity among chartered accountants
Plans are underway to integrate case laws from key departments such as the Central Board of Direct Taxes (CBDT) and the National Company Law Appellate Tribunal (NCLAT) in its AI offering.
The Economic Times Full responsibility for principal auditor in NFRA's new auditing standards irks ICAI
The ICAI has confirmed concerns about NFRA's proposed revisions to SA 600, highlighting potential risks of audit centralisation and negative impacts on small and medium practices in India.
