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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.

The Economic Times RBI fines HDFC, Axis Bank for non-compliance with regulations

The Reserve Bank of India has fined Axis Bank ₹1.91 crore and HDFC Bank ₹1 crore for regulatory non-compliance. Axis Bank's violations include multiple customer identification codes and collateral security for agricultural loans. HDFC Bank's issues involve giving gifts to depositors and contacting customers outside permitted hours.

The Economic Times ICRA expects Indian IT services industry to deliver muted 4-6 pc revenue growth in FY25

​Despite expectations of continued subdued growth, ICRA has maintained its "stable outlook" on the Indian IT services industry, led by a well-established business position, expectation of healthy earnings and cash flow generation, and strong balance sheets of sector players.

The Economic Times To call Sebi chief before PAC or not: Centre, Opposition trade barbs

A dispute arose in parliament's Public Accounts Committee over calling SEBI Chairperson Madhabi Puri Buch to discuss SEBI's functioning. TMC's Sougata Roy demanded her presence, while BJP's Nishikant Dubey opposed, citing procedural rules. The issue stems from Hindenburg Research's allegations against Buch, which she has denied.