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The Economic Times
The Economic Times RIL Q2 results: Mukesh Ambani-led Reliance Industries reports 5% fall in net profit to Rs 16,563 crore
Reliance Industries Ltd, led by Mukesh Ambani, reported a 5% decrease in consolidated net profit for Q2 FY25, standing at Rs 16,563 crore. Revenue from operations slightly increased by 0.2% YoY to Rs 2.35 lakh crore, while EBITDA fell by 2% and finance costs rose by 5%.
The Economic Times India's retail Inflation surges to 9 month high at 5.49% in September
A major driver of the inflation surge was food prices, which rose to 9.24%, compared to 5.66% in August, with rural and urban food inflation at 9.08% and 9.56% respectively.
The Economic Times India retail Inflation surges to 9 month high at 5.49% in September
A major driver of the inflation surge was food prices, which rose to 9.24%, compared to 5.66% in August. This spike in food inflation is particularly concerning, given that food constitutes a significant portion of household expenditure, especially in lower-income groups.
The Economic Times ‘Retail sector must adapt to new normal of the industry’
Goa’s retail sector, predominantly unorganised with 85% affected, faces challenges from e-commerce and increasing regulatory compliances. GCCI and RAI aim to empower small retailers with tools for competition. A simplified single-window compliance system and a retail policy are urged to protect local interests.
The Economic Times India's online gaming sector projected to reach $60 billion by 2034
India's online gaming sector, currently valued at $3.1 billion, has the potential to expand to a staggering $60 billion by 2034 amid challenges surrounding regulation and taxation, a report showed on Monday.
The Economic Times Govt issues notices to auto majors seeking old GST dues
The central government has issued notices to major automakers for unpaid Goods and Services Tax (GST) dues related to compensation cess on sold vehicles. Automakers are asking the government to reconsider these notices.
The Economic Times Indian markets gave better returns than China in last 5 yrs, says Sebi member
Speaking at an event marking the start of the Investor Awareness Week at NSE, Narayan said FY24 was a "remarkable" year for India, with the benchmark indices returning 28 per cent and the volatility just 10 per cent.
The Economic Times Dentalkart names Gaurav Agarwal as CFO
Prior to joining Dentalkart, Gaurav held leadership positions at ReNew Power as the Finance Controller- Open Access (B2B) Business. He has also led Pioneer Urban Land & Infrastructure Limited as DGM - Finance, navigating diverse financial environments and fostering sustainable growth.
The Economic Times India Inc should take up large scale production of biofuels: Nitin Gadkari
“Industry must make investments in large scale production of green fuel from biomass,” Gadkari said while addressing the Confederation of Indian Industry’s (CII) Bio Energy Summit 2024 on Monday.
The Economic Times Wholesale Inflation soars to 1.84% in September on surging food prices
The Food Index rose from 3.26% in August to 9.47% in September.
The Economic Times Saatvik Solar aims $1 billion in sales by FY27; IPO expected in early FY26, says CFO Abani Kant Jha
Gurugram-based Saatvik Solar is preparing for an Initial Public Offering (IPO), confirmed its CFO Abani Kant Jha. The company aims to double its production capacity to 8 gigawatts (GW) by FY26 and achieve long-term sales of over $1 billion by FY27.
The Economic Times DMI Finance announces Niraj Khandelwal as Group CFO
In his role, Khandelwal will be responsible for driving the integration of strategy, policies, and technology across finance, accounting, and taxation functions. His mandate includes enhancing DMI's financial processes and controls in areas such as management reporting, financial accounting, and taxation.
The Economic Times PM Narendra Modi hails GatiShakti plan, says it has accelerated our vision of Viksit Bharat
Prime Minister Narendra Modi praised the GatiShakti Plan, emphasizing its transformative impact on India's infrastructure and development, as well as its crucial role in accelerating the vision of a Viksit Bharat. Here is what PM said:
The Economic Times 193 companies list over 90,800 opportunities on PM internship portal
Under the scheme's pilot project, which is estimated to cost around Rs 800 crore, internships will start on December 2. It is expected to cover 1.25 lakh candidates in the current financial year ending March 2025.
The Economic Times Ambani crosses swords with Musk as war over satellite spectrum rages; Reliance questions Trai's decision
Reliance is challenging the telecom regulator's decision to allocate, rather than auction, home satellite broadband spectrum in India, intensifying its competition with Elon Musk's Starlink. Reliance has argued that an auction process is necessary for a level-playing field, critiquing TRAI's interpretation of Indian law.
