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The Economic Times FPIs pump Rs 33,700 crore in equities in September amid US rate cut, domestic market resilience

Foreign investors have injected nearly Rs 33,700 crore into Indian equities this month, spurred by a US interest rate cut and India's market resilience. This represents the second highest monthly inflow in 2023. Factors such as balanced fiscal deficits and strong valuations are making India an attractive investment destination, with expectations that this trend will continue.

The Economic Times Will RBI follow the US Fed in cutting rates?

The RBI is anticipated to maintain its pause on rate cuts for the remainder of 2024, with an early reduction possibly in February 2025, experts say.

The Economic Times President Droupadi Murmu to inaugurate 16th ASOSAI on September 24

"The President of India, Droupadi Murmu will inaugurate the prestigious 16th Assembly of the Asian Organisation of Supreme Audit Institutions (ASOSAI) here on September 24th, 2024," Comptroller and Auditor General (CAG) said in a release.

The Economic Times Tata Sons gets big Rs 1,500 crore tax relief in years-old Docomo deal

Tata Sons has received relief as the GST department's Adjudicating Authority dismissed a ₹1,500 crore GST demand related to a settlement with Docomo. The decision could set a precedent for arbitration cases. The department may still contest the ruling in the High Court.

The Economic Times GoM on GST rate rationalisation to meet on September 25 to discuss slab, rate tweaks

The ministerial panel on GST rate rationalisation will meet on September 25 in Goa to discuss potential changes to tax slabs and rates. The six-member Group of Ministers, led by Bihar Deputy Chief Minister Samrat Chaudhary, is considering merging the 12 and 18 per cent tax slabs. Some states are cautious about making changes.

The Economic Times GST 2.0 will further ease tax compliances and boost economic growth

Goods and Services Tax (GST) is one of the major economic reforms in the last decade in India which replaced the Value Added Tax (VAT) system.

The Economic Times Anil Ambani's Reliance Group starts transformation journey

Anil Ambani's Reliance Group has announced significant debt reduction and new fund-raising plans, signaling a potential transformation. Reliance Infrastructure and Reliance Power have both seen their market capitalizations surge. The group aims to strengthen its financial position and invest in high-growth sectors, boosting investor confidence.

The Economic Times Adani Airport Holdings expands lounge access with major debit, credit cards amid Dreamfolks disruption

Adani Airport Holdings Ltd (AAHL) on Sunday said it was actively working with the banks to ensure a quick restoration of services at lounges at airports across the country and was accepting all major debit and credit cards from other access providers.

The Economic Times Vodafone Idea inks $3.6 billion gear deal with Nokia, Ericsson and Samsung

While experts have termed the deal, which is the largest by any telco this year, as a significant step in terms of network capex, they feel that additional investments would be needed for Vi to get at par with its stronger rivals, especially after the Supreme Court rejected a curative petition seeking to recompute dues linked to adjusted gross revenue (AGR). This ruling effectively confirmed its statutory dues of over ?70,000 crore, payable from FY26.

The Economic Times Index of labour demand, supply in book of job soon

India is developing an Occupational Shortage Index (OSI) to map the demand and supply gap of workers in various occupations across states. The Ministry of Labour and Employment, in consultation with the International Labour Organisation, aims to facilitate employment generation and long-term labour market planning through this initiative.

The Economic Times From US-India collaboration to a vision for Viksit Bharat: Key highlights from PM Modi’s speech in New York

Prime Minister Narendra Modi addressed the Indian diaspora in New York, praising them as India's strongest brand ambassadors. He emphasized their role in connecting India and America, highlighting the diversity and unity of the Indian community abroad. Modi also thanked President Joe Biden for his invitation and acknowledged the deep ties between the two nations.

The Economic Times Electronics manufacturers hope for stricter tariffs on China, return of Donald Trump

Experts believe if the US toughened its stance on China, India would become a favourable base alongside Mexico and Vietnam due to its large labour base and the government’s policies to boost domestic manufacturing. A support package to build an electronics component and sub-assembly ecosystem is expected to be passed by the Cabinet later this year, strengthening India’s case to attract production shifting away from China.

The Economic Times SpiceJet aims for fleet of 100 by the end of 2026

SpiceJet plans to expand its fleet to 100 aircraft by the end of 2026 after raising Rs 3,000 crore through new shares. The airline aims to capitalize on strong market demand and has resolved issues with lessors and manufacturers. It will focus on returning grounded planes to service and acquiring new ones.

The Economic Times India’s forex reserves hit a fresh high of $689.46 billion

India's forex reserves reached a new all-time high of $689.46 billion for the week ending September 13, as reported by the Reserve Bank of India. Foreign currency assets dipped to $603.63 billion, while gold reserves surged by $899 million to $62.8 billion. SDRs and the reserve position in the IMF saw slight declines.

The Economic Times Avalon Technologies CFO RM Subramaniam resigns

​​Subramaniam stepped down to pursue opportunities outside the company, as noted in his resignation letter to the stock exchange.

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