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The Economic Times Indian bonds remain attractive amid stable macro-economic variables: PGIM India

Bond yields generally move ahead of rate changes, making it a strategic time for investors to enhance their fixed-income allocations during yield upticks.

The Economic Times At USD 2 billion, travel adds most to foreign spends in August

Indians spent USD 3.2 billion overseas in August 2024, mainly on travel, education, and supporting relatives. Outbound travel totaled USD 2.01 billion, close to the record high in July 2023. Studies abroad saw the second-highest spending at USD 416 million. The data shows steady recovery in forex spending despite the 20% TCS rate on amounts over Rs 7 lakh.

The Economic Times SC admits appeal by Dept of State Tax in Siddheshwar Industries insolvency case

The Supreme Court admits an appeal by the state tax department to be treated as a secured creditor in Siddheshwar Industries' insolvency case. It challenges the NCLAT's decision, arguing tax laws override the Insolvency and Bankruptcy Code, citing legal precedents and statutory interpretations.

The Economic Times Sebi bars Varanium Cloud, MD from securities markets; probe continues

Markets regulator Sebi on Monday affirmed its directions to bar Varanium Cloud and its promoter and MD Harshawardhan Hanmant Sabale from securities markets till the outcome of a probe into alleged mis-utilisation of IPO proceeds and manipulation of the company's financials.

The Economic Times Hyundai Motor India’s shares decline in debut after record IPO

Hyundai Motor India Ltd shares dropped nearly 6% on their first trading day in Mumbai, despite being the largest IPO in the country's history. Retail investors bought only half of their reserved portion, while institutional demand was strong. Analysts see potential long-term value amid India's growing economy and car market.

The Economic Times Biggest challenge before Indian economy is employability, says FM Nirmala Sitharaman

The biggest challenge before India is employability says finance minister Nirmala Sitharaman during a fireside chat on India's decadal economic reforms and continued economic growth in New York on October 22.

The Economic Times NFRA set to release first annual inspection reports on major audit firms by mid-November

The National Financial Reporting Authority will release its first annual inspection reports on major audit firms by mid-November, highlighting improvements and ongoing challenges in the Indian audit landscape.

The Economic Times Festive demand will help shrug off temporary slowdown, says RBI report

Aggregate demand in India is expected to recover in Q2 2024-25 due to rising festival demand and improved consumer confidence, supported by an optimistic investment outlook and government capex. However, geopolitical tensions, commodity price hikes, and food inflation pose risks to this recovery.

The Economic Times India needs Rs 32 lakh cr investment in renewable by 2030: IREDA CMD

Das pointed out that India will require an estimated investment of approximately Rs 32 lakh crore in the renewable energy sector by 2030 to meet its targets.

The Economic Times Nvidia offers to jointly develop chip with India

Officials said Nvidia wants to use India's huge chip designing base and develop an India specific chip. “The government is currently thrashing out the details such as costing, benefits, use cases of such a co-developed chip,” one of them said.

The Economic Times China parries question on Modi-Xi meeting on margins of BRICS summit in Russia

China's Foreign Ministry commented on potential talks between Prime Minister Modi and President Xi during the BRICS summit in Russia. Both leaders will attend the event. Indian and Chinese negotiators reached an agreement on LAC patrols in Ladakh. Xi aims to promote Global South solidarity and world peace with other BRICS members.

The Economic Times India poised to sustain growth trajectory, likely to be world's 3rd-largest economy by 2027: FM Nirmala Sitharaman

Addressing the Roundtable on 'Investment Opportunities in India' at the New York Stock Exchange, the oldest and the largest stock exchange in the world, the Finance minister said India is poised to continue its sustained growth trajectory and enhance its contribution to global growth significantly.

The Economic Times Hyundai IPO success may spur other multinationals to list India units

Half a dozen MNCs are evaluating the potential of IPOs to take advantage of India’s strong equity market, which is known for its higher valuations compared to global peers, according to reports.

The Economic Times Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST Slab

The GST Council's GoM is considering moving 58 goods and 24 services, including luxury handbags, sunglasses, and cosmetic procedures, to a 28% GST slab from 18% or 12%. The initiative aims to redefine luxury items and is expected to significantly boost GST collections in phases.

The Economic Times Sustainability-linked bonds take root in Indian real estate sector

Sustainability-Linked Bonds (SLBs) in Indian real estate are gaining traction as developers and REITs use them to fund eco-friendly projects. SLBs offer cheaper capital and attract ESG-focused investors but require transparent, measurable sustainability targets, which can be challenging for smaller developers.

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