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The Economic Times
The Economic Times India Inc sees 63 pc surge in deal value at $8.7 billion in August: Report
India Inc saw a huge 63 per cent increase in deal value for the month of August at $8.7 billion amid geopolitical challenges, as telecom, energy and EV sectors shined, a report showed on Monday.
The Economic Times GST Council Meet: New GoMs on insurance & compensation cess to B2C e-invoicing pilot, here are key highlights
The 54th GST Council meeting concluded on Monday unveiled major reforms, including new Groups of Ministers, tax rate adjustments, and a voluntary B2C e-invoicing pilot, shaping India's tax landscape. ETCFO brings to you key highlights
The Economic Times GST Council Meeting Key Takeaways: Check all key decisions by Nirmala Sitharaman & Co
54th Gst Council Meeting Key Takeaways: The 54th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is taking place in New Delhi. Key agenda items include reducing GST on health insurance premiums, taxing online payments above Rs 2,000, and addressing Infosys' tax notice of Rs 32,400 crore. State finance ministers and senior officials are also in attendance.
The Economic Times GST on online gaming resulted in 412% more revenue in six months, netted ₹6,909 crore, says Finance Minister Sitharaman
Finance Minister Nirmala Sitharaman announced a significant increase in revenue from online gaming, with a 412 percent jump to ₹6,909 crore in six months. This follows the implementation of a 28 percent GST on both skill-based and chance-based online games starting October 1, 2023. Casinos also saw a 30 percent revenue increase. India has 442 million gamers, making it the second largest market globally, with the industry expected to grow significantly.
The Economic Times Namkeens to get cheaper as Centre announces GST cuts
At the 54th GST Council meeting on Monday, the Centre decided to cut down on the cost of namkeen and savoury products, announced Finance Minister Nirmala Sitharaman at the press meet after the meet. The GST rate on such products have been reduced prospectively to 12 percent from 18 percent, she said.
The Economic Times GST Council defers announcement on insurance premiums, matter to be taken up in next meeting
GST on Health Insurance: The GST Council has postponed a decision on reducing the GST rate for health and life insurance premiums, currently at 18 per cent. The matter will be discussed in the next meeting. This delay affects potential financial relief for policyholders, including senior citizens.
The Economic Times Saurashtra Cement appoints Pradeep Mehta as CFO
Saurashtra Cements has announced the appointment of Pradeep Mehta as its new Chief Financial Officer, following the retirement of Virendra Raj Mohnot on September 8, 2024.
The Economic Times Tac Infosec CFO Vishal Jain resigns
Vishal Jain stepped down from his role citing personal reasons.
The Economic Times GST on online transactions up to Rs 2,000 to be referred to fitment committee: Uttarakhand FM Premchand Aggarwal
Uttarakhand Finance Minister Premchand Aggarwal stated that the GST Council did not reach a decision on imposing 18% GST on payment aggregators for transactions under Rs 2000. The matter will be reviewed by the fitment committee. Additionally, the issue of GST on Research and Development will also be referred to the committee. Aggarwal announced a reduction in GST on religious helicopter travel from 18% to 5%.
The Economic Times Repco Home Finance’s CFO K Lakshmi resigns
K Lakshmi, joined Repco Home Finance in 2022, and tendered her resignation citing personal reasons.
The Economic Times CreditAccess Grameen elevates Nilesh Dalvi to CFO
Nilesh Dalvi, who joined CreditAccess Grameen in 2019, previously held the role of Senior Vice President, leading Investor Relations and ESG initiatives, before being elevated to Chief Financial Officer.
The Economic Times Adani warns Bangladesh of $500 mn 'unsustainable' payment delays as energy crisis looms
The Adani Group has warned Bangladesh's interim government, led by Muhammad Yunus, about a $500 million backlog in unpaid dues from a major power project. Despite financial strain, Adani remains committed to supplying power. The new administration plans to re-evaluate previous energy deals for better financial efficiency.
The Economic Times Robin Banerjee calls for phased rollout of SA 600 to balance audit quality and practicality in India
In a revealing conversation with Robin Banerjee, Chairman of Nucleon Pvt Ltd, ETCFO explores the heated debate over SA 600, examining its implications for audit accountability and financial reporting standards in India.
The Economic Times SpiceJet's Ajay Singh may sell over 10 pc stake in airline to raise funds
Ajay Singh, SpiceJet's chairman, may offload over 10% of his stake in the airline as part of a funding round closing by September's end. The budget carrier aims to raise Rs 3,200 crore through various means to meet obligations and revive its grounded fleet. Discussions with potential investors are ongoing.
The Economic Times ED restores assets worth over ₹16,000 crore
The Enforcement Directorate (ED) aims to expedite the restoration of assets to victims defrauded under the Prevention of Money Laundering Act. The agency has already restored ₹16,400 crore in high-profile cases involving Vijay Mallya, Nirav Modi, and National Spot Exchange Ltd. Efforts are ongoing to return assets in other significant fraud cases.
