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The Economic Times
The Economic Times India's Gen Z set to drive $1.8 trillion worth direct spend by 2035
India is a young nation with 377 million Gen Z population and they will be the biggest contributor to the country's consumption growth, driving $1.8 trillion worth of direct spend by 2035, a report showed on Wednesday.
The Economic Times "Our government has recognized importance of digital connectivity": Kumar Mangalam Birla
At the International Telecommunication Union World Telecommunication Standardization Assembly, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, praised the Indian government for its commitment to digital connectivity and highlighted the need for the nation's small businesses to be part of the digital transformation.
The Economic Times Mahindra Finance partners with Salesforce to enhance MSME lending
The Salesforce Platform will enable Mahindra Finance to build secure, future-ready solutions, integrating enterprise data, AI, security, analytics, automation, and low-code development.
The Economic Times How India may shape up as a global semiconductor manufacturing hub?
The government announced 50% financial support for companies setting up such facilities, leading to investment commitments worth Rs 1.5 trillion in a short span.
The Economic Times Govt, RBI firm ESMA has to change stance on CCIL oversight for any MoU
The parties most affected by the regulatory impasse are French and German banks with trading operations here. These are Credit Agricole, BNP Paribas, Societe Generale of France and Deutsche Bank of Germany. These banks carry out billions of dollars' worth of trade in Indian bonds and swaps while some also play a key custodian role. While the ESMA's decision came into effect at the end of April 2023, national regulators in France and Germany provided their banks with time until October 31, 2024, to continue transacting with the CCIL.
The Economic Times Accountants see leadership, sustainability, and AI as top ethical concerns: ACCA
A recent ACCA report highlights growing ethical challenges for accounting professionals, with leadership culture (40%), sustainability (30%), and AI ethics (32%) emerging as top concerns. How can accountants navigate these increasing dilemmas? What role does ethical leadership play, and how should the profession adapt to these evolving demands?
The Economic Times Audit quality: Regulatory bodies set for tussle
The Institute of Chartered Accountants of India (ICAI) released a new Standard of Quality Management (SQM), potentially clashing with the National Financial Reporting Authority (NFRA). NFRA, regulator for auditors of listed and large companies, insists on government notification and argues for alignment with global norms to prevent financial discrepancies.
The Economic Times Top industry leaders hail PM Modi's vision for digital governance
Top industry leaders on Tuesday lauded Prime Minister Narendra Modi for his visionary leadership, which has catalysed India's remarkable digital transformation, hailing the government's support towards reforms, innovation, and collaboration.
The Economic Times S&P Global appoints Eric Aboaf as CFO
Prior to his role at State Street as CFO and Vice Chairman, Aboaf was CFO of Citizens Financial Group and held finance roles at Citigroup, including Treasurer. Earlier in his career, Aboaf was a partner at Bain & Company, co-leading its US financial services consulting practice.
The Economic Times RIL's O2C biz faces geopolitics bump, for retail it's all in store
The retail segment was affected by a demand slack in the fashion and lifestyle (F&L) vertical and a sequential decline in total store area. The digital segment reported a sequential drop in subscriber numbers amid tariff hikes and higher average revenue per user (ARPU).
The Economic Times US says India should take Canada plot allegations 'seriously'
The United States on Tuesday called on India to take seriously allegations by Canada of an assassination plot, as tensions escalated between the two US partners. The United States has alleged a similar, albeit unsuccessful, assassination plot by India on US soil but has handled the matter more quietly.
The Economic Times Waaree Energies set to float IPO on October 21; eyes Rs 3,600-crore via fresh issue
Waaree Energies is set to launch its IPO on October 21, featuring a fresh issue of shares worth Rs 3,600 crore and an Offer For Sale of 48 lakh shares. The company plans to use the funds to establish a 6GW manufacturing facility in Odisha. The IPO will close on October 23, with anchor investor bidding starting October 18.
The Economic Times Gautam Solar plans to raise Rs 1,000 crore via IPO to expand capacity
Gautam Solar on Tuesday said it plans to raise Rs 1,000 crore through Initial Public Offerings (IPO) in next 12 to 18 months in order to fund its 2 GW solar cell manufacturing project.
The Economic Times India needs to step up manufacturing to meet Viksit Bharat goal: Volvo Grp India MD
Speaking at a symposium organised by the Indian Foundation for Quality Management, he said the country needs to cash in on the opportunity of $ 3 trillion worth of manufacturing shifting from "our neighbour to other geographies" by focusing on quality.
The Economic Times India Inc too riding GCC wave
Legacy companies are also recognising the need for a robust, centralised tech strategy and talent in a world where rapid evaluation of technology is disrupting and transforming businesses, say experts.
