The Economic Times
The Economic Times ICAI disciplinary action: 205 CAs penalized, but questions on nature of indiscipline, transparency remain
Between April 2023 and June 2024, the ICAI held 188 meetings, addressing over 600 cases of professional misconduct and awarding 205 punishments. This highlights a significant increase in proactive disciplinary action. Experts note that while progress has been made, there is a need for clarity regarding the nature of indiscipline, the issues identified, and the quantum of penal or other actions taken.
The Economic Times Ambani’s Jio in Talks with Allianz for insurance JVs in India
Jio Financial Services, controlled by Mukesh Ambani, is in early discussions with Allianz SE to form new insurance partnerships in India, covering general and life insurance. Allianz is considering exiting its current ventures with Bajaj Finserv. This move aligns with Jio's ambitions to expand its financial services, leveraging India's growth potential in the insurance sector.
The Economic Times India likely to grow at 7.2 pc in FY25: RBI deputy governor
Patra said that since independence in 1947, India's growth path has undergone three structural shifts with trend growth, having risen to 7 per cent during 2002-2019.
The Economic Times India wouldn't be fastest-growing economy if people hadn't utilised digital infrastructure: Nirmala Sitharaman
India's Finance Minister Nirmala Sitharaman emphasized digital infrastructure's role in India's rapid economic growth. Addressing Wharton Business School, she noted that free digital access and local language campaigns enabled technological adaptability, driving growth. India's digital governance, especially through Digital Public Infrastructure, has transformed access to essential services, positioning the nation as a leader in digital transformation.
The Economic Times India's Reliance Infra to invest $1.2 billion for ammunition project
India's Reliance Infra to invest $1.2 billion for ammunition project.
The Economic Times HAL gets new Director Finance
According to HAL, Senapati played an active role in obtaining the Maharatna status for HAL, which is a historical milestone for the Company.
The Economic Times Bharti Airtel gets CCI nod to increase stake in Indus Tower to over 50 pc
The Competition Commission of India (CCI) approves Bharti Airtel's stake increase in Indus Towers to 50.005 percent following share buyback. Additionally, CCI approves CVC Capital Partners' acquisition of a 26.47 percent stake in Aavas Financiers, triggering a mandatory open offer under SEBI regulations.
The Economic Times RBI's platform bridges India’s $600 billion gap for smaller firms
Indian engineering firm BTL EPC Ltd has seen revenues double and reduced funding costs by 2.5 percentage points through the RBI-backed Trade Receivables Discounting System (TReDS). The platform aids MSMEs in accessing quicker and cheaper capital, reducing working capital credit gaps significantly.
The Economic Times RBI move to slow down gold loan growth, lead to uptick in delinquencies: Crisil
The RBI's recent notification urging lenders to revise their gold loan practices may temporarily slow loan growth and increase asset quality stress, Crisil reports. Issues highlighted include improper monitoring of loan-to-value ratios and asset classification. Compliance may affect loan disbursements and taper growth for banks and NBFCs in the near term.
The Economic Times Denied exemption, Sebi chief Madhabi Buch set to appear before PAC tomorrow
Sebi chairperson Madhabi Buch is to appear before the Public Accounts Committee (PAC) of Parliament on Thursday for a performance review. Despite BJP's protest, she will address questions linked to allegations of financial misconduct and conflict of interest amid political tensions. Buch had sought an exemption from the PAC but was denied.
The Economic Times SEBI notice to Adani firm over alleged wrongful categorisation of shareholding
Adani Energy Solutions Ltd has received a notice from SEBI over alleged wrongful categorisation of some investors as public shareholders. The company will respond with relevant information. This issue is part of ongoing investigations following allegations by Hindenburg Research. The Supreme Court had directed SEBI to complete the pending investigations.
The Economic Times Goldman Sachs cuts Indian stocks to neutral on slowing growth
Goldman Sachs has revised Indian equities from overweight to neutral due to slowing economic growth and weakening corporate earnings. High valuations and declining consumer spending contribute to a cautious outlook, with a projected 10% upside for the NSE Nifty 50 Index.
The Economic Times Gen AI funding set to break record in 2024, VC investments poised to surpass USD 22.7 bn: S&P Global
The surge in funding has been fueled by billion-dollar mega-rounds from major players such as OpenAI LLC and Anthropic PBC, underscoring the growing enthusiasm and confidence in GenAI's transformative potential.
The Economic Times Blinkit now the largest player in major metros except Chennai, Hyderabad: Zomato CFO
The food delivery major is focussing on the top eight cities in the country to build infrastructure and business, said Akshant Goyal.
The Economic Times Three in five Indians expect working along AI colleagues by 2050: Survey
By 2055, 52% believe AI will match or surpass human capabilities, and 48% foresee fully autonomous vehicles becoming a part of daily life, according to a study by BSI