The Economic Times The Economic Times

The Economic Times GST status quo disappoints traders, insurance bulls run for cover

Traders reduced their bullish bets on insurers after the GST Council left rates on insurance products unchanged. HDFC Life, ICICI Prudential Life, and ICICI Lombard saw declines. The industry is lobbying for a rate cut from 18% to 12%. A group of ministers will review the proposal before the next meeting in November.

The Economic Times Hiring outlook in India up 7 pc for Oct-Dec quarter, strongest globally: Report

The employment outlook in India is the strongest worldwide for the October-December period (Q4 2024), showing significant improvement of 7 per cent compared to the ongoing July-September quarter (Q3), a report showed on Tuesday.

The Economic Times GST Council's B2C e-invoicing plan to reduce tax evasion, improve compliance, say experts

ETCFO explores the purpose and anticipated impact of the GST Council’ recent move for a pilot program, the path to mandatory adoption, and how businesses should prepare for the transition.

The Economic Times Allied Blenders & Distillers appoints Anil Somani as CFO

Somani succeeds Ramakrishnan Ramaswamy at Allied Blenders & Distillers. He was serving as the CFO of Bata India before joining Allied Blenders & Distillers.

The Economic Times Neogen Chemicals CFO Ketan Vyas resigns

Ketan Vyas, who served as the Chief Financial Officer (CFO) of Neogen Chemicals for nearly four years, has resigned to pursue new opportunities.

The Economic Times Delta Galil names Yaniv Benedek as CFO, enters partnership with Reliance Industries

Delta Galil, an Israel based textile manufacturer also recently entered into an equal joint venture with India's Reliance Industries.

The Economic Times India Inc CFOs see legal spending as a strategic investment, targeting below 4% of costs, with growth aligned to revenue

India’s CFOs are transforming the perception of legal expenses from mere operational costs to essential strategic investments crucial for regulatory compliance and sustainable growth. This shift comes as they tackle a 17 per cent rise in legal costs, spurred by complex regulations and increased international deal activities. ETCFO explores how India's finance leaders are strategically managing these rising legal expenses.

The Economic Times ET Exclusive: Hiring sentiment most upbeat at Indian companies for December quarter

India's hiring sentiment for the December quarter is the strongest among 42 countries, according to a ManpowerGroup survey. With 50% of employers planning to hire more people, India's net employment outlook stands at 37%. The financials and realty sectors have the highest hiring intentions, followed by IT and industrials.

The Economic Times Country roads take top tech companies to labyrinths of GST notices

Tax experts say unlike Income Tax, IT companies have to do their GST registration for every state where they have opened their offices and branches. These orders are all related to cases of FY20, whose due date was on August 31, 2024, and thus the reasons for a flurry of notices before the due date. In some cases, IT firms also delayed their filings with BSE because of the coincidence of weekend falling on last month’s end.

The Economic Times As HUL reviews ice-cream biz, cos line up for a scoop

Hindustan Unilever has set up a committee of independent directors to evaluate the future of its ice-cream business, sparking interest from companies like RJ Corp, MMG Group, and Nestle. Brands such as Kwality Wall's and Magnum contribute about 3% to HUL's annual sales of over ₹60,000 crore.

The Economic Times PwC to bring UK partner for help after Evergrande scandal hurts operations in China: Report

PwC is set to appoint UK partner Hemione Hudson to lead its China business following the Evergrande fallout. Chinese regulators are expected to impose a six-month suspension and a fine of at least 400 million yuan on PwC's auditing unit in mainland China due to its role in auditing Evergrande.

The Economic Times ED charges Rashmi Saluja, 2 other Religare executives with cheating

The Enforcement Directorate has filed a case against Religare Enterprise chairperson Rashmi Saluja and two other officials for cheating and criminal conspiracy. They are accused of derailing a takeover by the Burman family and making unlawful gains through Employee Stock Options. The company denies the allegations.

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.