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The Economic Times Emerging economies have to strengthen their risk buffers, says RBI's Shaktikanta Das

Reserve Bank of India's governor Shaktikanta Das on Monday while addressing high-level conference highlighted the need for emerging economies to strengthen their risk buffers.

The Economic Times SBI plans to enhance threshold limit under instant loan scheme for MSME sector

State Bank of India (SBI) is set to enhance the instant loan scheme threshold for MSMEs beyond the current Rs 5 crore, streamlining the process with tech for quick approvals. Plans include network expansion with 600 new branches, aiming to include more MSMEs in formal credit systems.

The Economic Times Imported inflation edges up after months in the negative zone

Imported inflation is gradually rising from a negative base, contributing 0.5 percentage points to the Consumer Price Index inflation since April 2024. Global price increases and customs duty changes are influencing this trend, but strong FPI inflows and RBI intervention are helping stabilize the rupee.

The Economic Times Consultant to be hired to study impact of rural jobs scheme

The Centre will evaluate the MGNREGS to enhance its effectiveness, with DMEO inviting bids for a six-month study. The consultancy involves extensive research and field surveys across 14 states, and selection will be based on technical and financial evaluations. A multidisciplinary team will conduct the study.

The Economic Times MS eyes ecosystem tie-ups to make India AI-first nation

Rajesh Jha, global EVP, experience and devices at Microsoft, calls India as an "AI-forward nation" and wants to strengthen its partner ecosystem through tech companies like HCL, Infosys, Cognizant, L&T, because "for every dollar we make out of Copilot, our partners can make $8 to $10 more".

The Economic Times TCS second quarter results signal deal growth impact only by FY26

The Tata subsidiary missed market estimates for the July to September quarter net profit after reporting a 1.08% quarter-on-quarter (QoQ) decline at Rs 11,909 crore.

The Economic Times EPAM India added 2,000 hands in 10 months: CFO Peterson

Jason Peterson, chief financial officer, senior vice president and treasurer, EPAM, told ET the company's employee strength in India will reach the 10,000 mark by early 2025, reflecting a tenfold surge in its India headcount in a decade.

The Economic Times Hyundai offer has some appeal, but may not give investors first-mover advantage

Hyundai Motor India plans to raise up to INR 27,870 crore through an OFS, reducing Hyundai Motor Company's stake from 100% to 82.5% to meet regulatory requirements. Facing market share erosion and heightened competition, the company aims to increase capacity and launch new models to boost growth.

The Economic Times Reliance Industries in talks to acquire stake in Karan Johar’s Dharma Productions

Reliance Industries is negotiating to acquire a stake in Karan Johar's Dharma Productions. This deal could enhance Reliance’s foothold in India’s content production industry. Dharma Productions is exploring strategic partnerships due to rising production costs and shifting consumer preferences towards OTT platforms. RIL’s acquisition would bolster its existing portfolio, including Jio Studios and Viacom18 Studios.

The Economic Times Jio seeks auction of Satcom spectrum

Reliance Jio has urged telecom minister Jyotiraditya Scindia to have regulator Trai revise a consultation paper on spectrum allocation rules, emphasizing fair competition between terrestrial and satellite networks. Jio warns of potential legal battles if level-playing field considerations are not incorporated.

The Economic Times Refund drive starts for 6cr investors in Rs 50,000 crore ponzi case

Enforcement Directorate has begun returning lost funds to nearly six crore investors targeted by the Rs 50,000 crore Pearl Group ponzi scam. It shared details of Rs 700 crore worth of attached assets with the Lodha Committee for victim restitution. Investigations revealed funds siphoned off internationally, leading to multiple property attachments, including assets in Australia and India.

The Economic Times Uber effect: CBIC to meet with ecommerce operators on Monday to resolve GST on rides

The meeting comes in the wake of a September 25 direction from the Karnataka High Court to the CBIC to decide on Uber India’s representations on the issue after hearing all stakeholders in six weeks.

The Economic Times Bank margins likely to remain under pressure in Q2 amid rising deposit costs, say analysts

Bank margins may remain under pressure due to higher deposit costs. Loan growth trends will be monitored, especially in the unsecured retail segment. Analysts expect slower growth and higher credit costs for banks with more exposure to microfinance and unsecured loans. Earnings growth for private and PSU banks may vary between 4.1% and 17.2% year-on-year.

The Economic Times VCs apply PMF filter on early-stage startups seeking follow-on funding

India's early-stage startups are facing funding scrutiny as risk-averse investors tighten their purse strings. As per a study, only 25% of seed-funded startups successfully secure Series A funding. This increased selectivity has led to a surge in startup shutdowns over the past year, with many failing to demonstrate product-market fit.

The Economic Times Anti-dumping step: India may raise the bar to block entry of cheap steel

Stringent quality checks can stem the tide of imports as producers scour for markets amid sluggish demand and steep duties imposed by the US and the EU, which has increased risk of dumping into India. At present, import of multiple grades of steel is permitted despite quality control orders on the basis of a no-objection certificate (NOC) from the steel ministry.

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