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The Economic Times India fully committed to increase cooperation under BRICS: PM Modi at Leaders' Summit

Lauding the role of BRICS, he further highlighted that the grouping after the inclusion of five new members has become an economy larger than 30 trillion dollars, representing 40 per cent of the world's humanity and 30 per cent of the world's economy.

The Economic Times Hindustan Unilever board decides to separate ice cream business

Hindustan Unilever Limited (HUL) plans to separate its ice cream business after a detailed evaluation by Independent Directors. The ice cream segment, contributing 3% to HUL's turnover, needs significant investment and operates under a unique model, prompting this strategic move to enhance core business focus and shareholder value.

The Economic Times Rural Spending Rises by 35 per cent, Outperforming Urban and Metro Areas in 2024 Festival Expenditure

Hyderabad (Telangana) [India], Rural consumers are significantly shaping the festive spending landscape this year, with a remarkable 35 per cent increase in their spending. This surge underscores the growing purchasing power of rural India, highlighting its vital role in driving overall consumption growth.

The Economic Times Cash transactions decline rapidly in India as digital payments surge: RBI economist

In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 per cent of consumer expenditure (as of March 2024) is rapidly declining, according to a paper by the Reserve Bank of India (RBI) economist.

The Economic Times Indian ceramic tiles industry thrives domestically but struggles in export markets: ICRA report

This decline comes in the wake of investigations launched by the US Department of Commerce in May 2024 into ceramic tile imports from India, raising concerns about the future of exports in an increasingly competitive global market.

The Economic Times PUTIN CALLS FOR BRICS ARTIFICIAL INTELLIGENCE ALLIANCE TO REGULATE AND SET ETHICAL NORMS IN AI INDUSTRY

PUTIN CALLS FOR BRICS ARTIFICIAL INTELLIGENCE ALLIANCE TO REGULATE AND SET ETHICAL NORMS IN AI INDUSTRY

The Economic Times JSW Energy subsidiary signs agreement of 700 MW solar project with Solar Energy Corporation of India

This agreement is for a 700 MW solar power project, which is connected to the Inter-State Transmission System (ISTS). The project was awarded under SECI Tranche XIII.

The Economic Times IMF sees major manufacturing shift towards India & China

The IMF's latest World Economic Outlook report highlights significant shifts in global manufacturing towards emerging markets like India and China. It projects India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025 as pandemic-induced demand wanes.

The Economic Times China's exporters run for cover as US election nears

If Donald Trump wins the upcoming U.S. presidential election, significant disruptions are expected in China's manufacturing sector due to potential tariffs. Companies like KidKraft and m.a.d Furniture Design are considering relocating production to countries like Vietnam and India, while Chinese businesses brace for economic impacts and possible strategic shifts.

The Economic Times In majority verdict, SC holds states have power to regulate on industrial alcohol

In an 8:1 majority ruling, the Supreme Court on Wednesday overturned a seven-judge bench verdict and held that states have regulatory power over production, manufacture and supply of industrial alcohol.

The Economic Times Paytm gets NPCI nod to onboard new UPI users

Paytm has received NPCI approval to onboard new UPI users, following regulatory guidelines, after RBI restrictions halted the process earlier. One97 Communications also reported a Rs 928.3 crore net profit.

The Economic Times Sluggish capex, war on pricing dragged loan growth in Sep quarter: Union Bank CEO

Union Bank of India's credit growth has been impacted by sluggish capex demand and intense pricing competition for large borrowers, resulting in a dip in corporate loan growth to 6.3%. The bank's overall loan growth fell to 9.6%. Efforts are now directed towards retail, agriculture, and MSME advances.

The Economic Times India to retain investment curbs on border nations despite China deal

India will maintain investment restrictions on bordering countries despite a recent deal with China to improve ties. Finance Minister Nirmala Sitharaman highlighted the need for safeguards due to India's sensitive location, dampening hopes for quick ease on trade curbs. The measures, initiated in 2020, have particularly slowed Chinese investments.

The Economic Times India to consider ending windfall tax on crude, says govt official

India to consider ending windfall tax on crude, says govt official

The Economic Times DGTR recommends anti-dumping duty on Chinese drawer sliders to protect MSMEs

"The authority recommends imposition of anti-dumping duty on the imports," it said.

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