The Economic Times
The Economic Times HSBC reports $8.5 billion pre-tax profit in third quarter
Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent year-on-year, citing revenue growth in two of its divisions, days after the lender announced an organisational overhaul. The rise in pre-tax profit to $8.5 billion reflected a strong performance in its wealth management division as well as higher revenues in global banking and markets, HSBC said in an earnings release.
The Economic Times Delhi LG approves special audit of power companies over pension surcharge
Discoms levy a pension surcharge of seven per cent on the monthly electricity bills of consumers in Delhi.
The Economic Times Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back
INTEL-Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back
The Economic Times Centre making efforts to promote country as manufacturing hub: Kishan Reddy
Union Minister G Kishan Reddy stated that the Centre, under Prime Minister Narendra Modi's leadership, is promoting youth employment through large-scale government recruitment and initiatives to make India a manufacturing hub. Programs like Start Up India and Mudra loans also contribute to job creation. Over nine lakh youth have received appointment letters so far.
The Economic Times Jio Financial and BlackRock incorporate AMCs to undertake mutual funds biz
Jio Financial Services and BlackRock Inc. have launched two joint venture firms in India, named Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited, aiming to enter the mutual fund industry. Jio Financial has invested Rs 82.9 crore for a 50 per cent stake in both companies, pending regulatory approvals.
The Economic Times Apple ships $6 billion of iPhones from India in big China shift
Apple is expanding its manufacturing network in India at a rapid clip, taking advantage of local subsidies, a skilled workforce and advances in the country’s technological capabilities. India is a crucial part of the company’s effort to lessen its reliance on China.
The Economic Times SpiceJet pays INR 310 crore to clear TDS dues
From cross-continental epic voyages that traverse vast landscapes to leisurely journeys along scenic branch lines, rail-based adventures have surged in popularity among today’s travelers. Modern enthusiasts are increasingly drawn to the unique experiences that train travel offers, combining comfort and the chance to soak in breathtaking views from the window.
The Economic Times CBDT notifies tolerance range for transfer pricing for AY2024-25
The notification of tolerance range shall provide certainty to taxpayers and reduce the risk perception associated with pricing of a transaction in transfer pricing.
The Economic Times India remains a shining star with $3.6 bn inflows as global VC investment hits seven-year low: KPMG
With the US election approaching, VC investment is likely to remain cautious through Q4 2024, with AI and defence-tech expected to attract ongoing interest.
The Economic Times Dee Development Engineers bets big on oil & gas capex spend, utilises 50% of IPO proceeds for loan repayment, says CFO Sameer Agarwal
Agarwal highlights a promising outlook for capital expenditure in the oil and gas and power sectors over the next five to ten years, calling it a golden period and positioning Dee Development Engineers Limited for significant growth opportunities.
The Economic Times GST dept uncovers 3.28cr evasion
The investigation targeted businesses dealing in high-demand goods like fireworks, ice cream and textiles. All the traders involved were found to be holding substantial quantities of unaccounted stock and were conducting numerous unbilled transactions.
The Economic Times Bartronics CFO Venu Gopal Thota resigns
Thota stepped down from his role due to personal commitments, as disclosed by the company in a regulatory filing to the BSE.
The Economic Times JSW Group, South Korea's POSCO collaborate to set up 5 MTPA steel unit
Both parties will also explore collaborations in the areas of battery materials related to Electric Vehicles (EVs), and renewable energy for meeting the captive requirements of the proposed integrated steel plant, the statement said.
The Economic Times Global semiconductor market to grow strongly this year driven by AI demand and memory market recovery: Report
The global semiconductor market is on track to experience substantial growth in the coming years, with total revenue expected to reach USD 630 billion in 2024--a 19 per cent increase from the previous year.
The Economic Times Edu-wealth startup Zinc raises $25.5 million from Nexus Venture Partners, others
The Singapore-headquartered company founded by the former PayU Credit chief Prashanth Ranganathan plans to use the funds for product innovation, expand its offerings and obtain financial licences to help families save and invest for their children's global education.