The Economic Times
The Economic Times Madhabi Puri says mutual funds industry is SEBI's elder son
SEBI chief Madhabi Puri Buch underscored mutual funds' pivotal role in promoting financial inclusion and wealth creation. She encouraged the industry to leverage the stewardship code for representing retail investors at company meetings. Buch is confident that mutual funds will continue to improve this code, benefiting shareholders and contributing to a prosperous India.
The Economic Times Talent crunch hits Indian businesses as global economy recovers: Report
Businesses in India are facing challenges in hiring and retaining talent, according to a report by Michael Page. Companies struggle with matching salary expectations and finding the right skills. AI is reshaping workplaces, with 47% of employees using it. Employers need to align retention strategies with employee priorities like well-being and clear promotion paths.
The Economic Times After NCLT's nod, IDFC-IDFC First Bank merger to be effective October 1
The National Company Law Tribunal has approved the merger of IDFC FHCL with IDFC Limited, effective September 30, and the subsequent merger of IDFC Limited with IDFC FIRST Bank from October 1. The Reserve Bank of India had already given its nod for this reverse merger in December 2023.
The Economic Times India's textile roadmap: $350 billion industry and 4.5-6 crore jobs by 2030
India plans to expand its textile industry to $350 billion by 2030, creating up to 6 crore jobs. The government aims to achieve $600 billion in textile exports by 2047. The Production Linked Incentive scheme will support this growth, with investments in man-made and natural fibers.
The Economic Times Make in India, PLI projected to continue creating manufacturing jobs
Government initiatives like 'Make in India' and the PLI scheme are driving strong hiring in India's manufacturing sector. Industries such as automotive, electronics, chemicals, and pharmaceuticals are expanding, creating demand for both blue- and white-collar roles. Companies are focusing on technology and sustainability, leading to new job opportunities.
The Economic Times Sudden impact: Big 4 audit firms set new terms of engagement after EY worker's death
The tragic death of a young chartered accountant at SR Batliboi & Co has led the Big Four firms to implement employee-friendly measures focusing on mental health and work-life balance. These firms are promoting well-being programs, issuing advisories, and seeking feedback to address workplace stress and improve conditions for their staff.
The Economic Times Financial restructuring, govt initiatives to push mfg helping India Inc sail through rough seas
India, poised to become the world's third-largest economy by decade's end, is on a high-growth trajectory. Despite challenges like high funding costs and sluggish demand recovery, sectors such as consumer products, ecommerce, healthcare, and technology show immense growth potential. Government initiatives and improved corporate governance are boosting investor confidence.
The Economic Times Unilever ready to defend India top spot with millions
Unilever is committed to defending its market leadership in India, ready to invest heavily or make acquisitions as competition grows. Hindustan Unilever remains a dominant player in home and personal care categories, with plans to grow 4-5% by volume in an expanding economy.
The Economic Times Puma names Markus Neubrand as CFO
Neubrand will succeed Hubert Hinterseher, who will step down on September 30, 2024, and leave the company by mutual agreement on December 31, 2024.
The Economic Times GSTN says tax documents issued by it valid despite no visible signatures
This advisory comes in response to growing doubts regarding GSTN documents that lack visible digital signatures in their downloadable PDF formats, which have been legally challenged by some taxpayers.
The Economic Times Swiggy refiles IPO papers for Rs 3,750 crore fresh issue
The size of the IPO is estimated to be around $1.25 billion, but this could increase before the launch, according to bankers. Swiggy's revenue grew by 33% to Rs 11,634 crore in FY24, with net losses decreasing significantly from Rs 4,179 crore in FY23 to Rs 2,350 crore. The company's Q1 FY25 performance also showed promise with revenue at Rs 3,310 crore, despite a net loss of Rs 611 crore.
The Economic Times Sudden impact: Big 4 audit firms set new terms of engagement after EY worker's death
The tragic death of a young chartered accountant at SR Batliboi & Co has led the Big Four firms to implement employee-friendly measures focusing on mental health and work-life balance. These firms are promoting well-being programs, issuing advisories, and seeking feedback to address workplace stress and improve conditions for their staff.
The Economic Times Govt retains borrowing target, to raise Rs 6.61 lakh crore in H2 to fund revenue gap
Weekly borrowing through issuance of Treasury Bills in the third quarter of 2024-25 is expected to be Rs 19,000 crore for 13 weeks with issuance of Rs 7,000 crore under 91 dated treasury bills (DTBs), Rs 6,000 crore under 182 DTBs and Rs 6,000 crore under 364 DTBs.
The Economic Times IBBI tweaks norms to speed up insolvency resolution in housing
The IBBI has introduced amendments to the Insolvency Resolution Process for Corporate Persons, effective from September 24. These changes include appointing an interim representative for large creditor groups, like homebuyers, to ensure their effective representation during insolvency proceedings. This aims to enhance efficiency and fairness in the insolvency process.
The Economic Times Sebi likely to introduce MF-Lite regulations for passive funds: Madhabi Puri Buch
“We had a very detailed consultation on that and if as a part of that you feel that there needs to be relaxation in terms of how to do distribution of those kind of passive funds. We are open to any kind of suggestions so that we can facilitate growth of these funds across the country,” Buch said at an industry event.