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The Economic Times
The Economic Times More & more corporates skip courts to bury the hatchet...
Parties in India Inc are increasingly choosing to settle disputes swiftly and discreetly, avoiding long, expensive courtroom battles. The trend is driven by the need to save time and resources, as seen in high-profile cases like BharatPe, Zee Entertainment, and Murugappa family disputes.
The Economic Times Noel Tata and N Chandrasekaran establish ‘healthy working relationship’ in first meeting, talk routine biz
Noel Tata, the new Tata Trusts chairman, meets Tata Sons chairman N Chandrasekaran and Prime Minister Narendra Modi, signaling efforts to build relationships. Meanwhile, Tata Trusts appoint Noel as permanent trustee, maintaining continuity with key trustees managing the philanthropic entities controlling the Tata Group.
The Economic Times 'By 2030, we'd probably be the third largest economy': EAM S Jaishankar
External Affairs Minister S Jaishankar highlighted Goldman Sachs's prediction that India will become the third-largest economy by 2030 and a USD 52.5 trillion economy by 2075. He emphasized the growing importance of Indian talent in technology, AI, and semiconductors, and discussed geopolitical leadership and international cooperation with Australian and German MPs.
The Economic Times BMW Industries redesignates Vikram Kapur as CFO
This development follows the resignation of Abhishek Agarwal, whose reasons for leaving the company have not been disclosed.
The Economic Times India at the forefront of leading the 'double AI' revolution: Suneeta Reddy
With Prime Minister Narendra Modi asserting India has a 'double AI' advantage with the power of 'Aspirational India' and 'Artificial Intelligence' combining, Apollo Hospitals Managing Director, Suneeta Reddy on Monday said that India is at the forefront of being able to lead this revolution.
The Economic Times CAG, Office of the Auditor General (OAG) of Seychelles sign MoU
He expressed confidence that the agreement will open up greater opportunities for knowledge sharing and capacity building initiatives between the two SAIs. Gamini Herath, Auditor General of the Republic of Seychelles recounted the contributions made by CAG of India officials in professional strengthening of the OAG.
The Economic Times Tata Sons IPO coming next year? Tata Chemicals shares rally 14% in anticipation
RBI has rejected Tata Group's request to exempt Tata Sons from mandatory stock listing. Tata Sons must list by September 2025. Tata Group attempted to reduce its debt to avoid classification as an upper-layer NBFC. Tata Chemicals' shares rose 14%, benefiting from the potential value unlocking if Tata Sons proceeds with an IPO.
The Economic Times Zepto CEO Aadit Palicha says his startup expanding aggressively across India
Aadit Palicha, co-founder and CEO of quick commerce company Zepto on Monday said his company is expanding its business geographically across India. He also added that the unicorn startup has been able to raise the necessary capital for the expansion.
The Economic Times Niva Bupa Health Insurance, Paras Healthcare get Sebi's nod to float IPOs
The two companies, which filed their draft IPO papers with the Securities and Exchange Board of India (Sebi) during July-August, obtained its observations on October 18, the update showed.
The Economic Times Expect Indian apparel exporters to post 9-11 pc revenue growth in FY25: ICRA
Indian apparel exporters are expected to see a 9-11 per cent revenue increase in FY25. This growth is due to improved inventory liquidation and a shift in global sourcing to India. Government support, including production-linked incentives and proposed free trade agreements, will aid this growth. Capex spending is also expected to rise, helping exporters in the coming years.
The Economic Times Softy ice-cream mix attracts higher GST: It’s mainly sugar not milk holds GST-AAR
The GST Authority for Advance Rulings - Rajasthan determined that a softy ice-cream mix primarily comprising sugar, not milk, attracts 18% GST. VRB Consumer Products argued for a lower 5% GST classification under dairy products, but the AAR rejected this, emphasizing the product's major sugar content and additives.
The Economic Times Finmin considers proposal to raise posts of Chief General Managers in state-owned banks
The finance ministry considers raising Chief General Manager posts in public sector banks due to rising business and profitability. Existing guidelines may be relaxed after review, with banks proposing board discretion on posts. PSBs' profits have surged, with cumulative profit crossing Rs 1.4 lakh crore in FY24.
The Economic Times India Inc's corporate revenue and earnings growth remain sluggish in Q2 FY25
India Inc faces economic uncertainty as the latest earnings report reveals troubling trends in revenue and profit growth. Read here to know the trends of Q2 results.
The Economic Times EPFO net new member additions rise 9.07% to 18.53 lakh in August
Retirement fund body EPFO's net new member additions increased 9.07 per cent to 18.53 lakh in August, compared to a year ago, according to payroll data released on Sunday. EPFO enrolled around 9.30 lakh new members in August 2024, representing an increase of 0.48 per cent from August 2023, a labour ministry statement said.
The Economic Times Crorepati income tax filers soar 5x to 2.3 lakh in 10 years
The number of individuals reporting taxable income over Rs 1 crore rose significantly from 44,078 in AY2013-14 to nearly 2.3 lakh in AY2023-24, indicating higher incomes and better compliance. Salaried individuals comprised a substantial portion, but higher income levels saw more businessmen and professionals.
