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The Economic Times
The Economic Times RBI grants white-label ATM licence to Mumbai-based EPS
Mumbai-based EPS is backed by investors like the UK's Apis Partners and Dutch Entrepreneurial Development Bank FMO. The licence has made it the country's fifth white-label ATM operator alongside Tata Communications Payment Solutions, India1 Payments, Hitachi Payment and Vakrangee. The RBI had last issued this licence in 2014 to India1 Payments. Earlier, three other companies had surrendered their licences.
The Economic Times China's BYD wants to build cars in India, but has no 'direct' signal of investment rules easing
China's BYD aims to build electric vehicles in India, but is facing delays due to stringent investment rules. The company has submitted a $1 billion investment proposal but is yet to receive approval. Meanwhile, BYD targets wealthy Indian buyers with imported premium EVs and launched a new seven-seater family car priced between $32,000-$35,500.
The Economic Times Kolte Patil Developers names Ravi Porwal as CFO
Ravi Porwal will be succeeding Khiroda Jena who resigned in August of 2024 to be able to explore opportunities outside of organisation.
The Economic Times CXO Playbook: Evolving Strategic Approaches to Late-Stage Funding and Exit Strategies
JSA Advocates & Solicitors (JSA), in association with ETCFO, hosted a roundtable titled "Strategic Approaches to Late-Stage Funding and Exit Strategies." By combining expert case studies and peer insights, this session provided participating leaders with a deeper and more nuanced understanding of how to navigate the complexities of governance and compliance.
The Economic Times India's G20 sherpa pitches for 750GW of clean energy by 2030, beyond current target of 500GW
India's G20 Sherpa Amitabh Kant highlights that while there is no lack of global funds, there is a need to increase India's clean energy capacity to 750GW by 2030. He advocates for leveraging international financial institutions to attract private finance and calls for strong agreements between the Centre, states, and RBI.
The Economic Times Baidu CFO Rong Luo steps down
Junjie He, the current head of the unit, will take over as interim CFO, effective immediately.
The Economic Times Global oil prices: India watching situation very carefully, says Hardeep Singh Puri
After the Iranian missile attack, it is being speculated that Israel may target oil or nuclear facilities in Iran. And Tehran can choose to respond with either direct attack on Israel or shutting the Strait of Hormuz - the world's most important oil transit point, further flaring oil prices.
The Economic Times Subsidiaries of India's Adani Green to issue dollar bonds, bankers say
ADANI GREEN-BONDS/Subsidiaries of India's Adani Green to issue dollar bonds, bankers say
The Economic Times Ashneer Grover, wife urge Delhi HC to quash FIR following settlement with BharatPe
The parties urged Justice Chandra Dhari Singh to quash the FIR lodged against Grover and his family in light of the September 30 settlement agreement.
The Economic Times Hero Motors withdraws documents for Rs 900cr IPO
Hero Motors has retracted its IPO plan worth Rs 900 crore, as indicated in an update with Sebi. The proposed IPO included a fresh issue to raise Rs 500 crore and an OFS worth Rs 400 crore by promoters. Proceeds were intended for debt payment and facility expansion.
The Economic Times Credit growth continues to outpace deposits for PSU banks
Public sector banks saw stronger credit growth compared to deposit growth for the September quarter. Bank of India, Union Bank of India, and Indian Bank reported credit growth between 10% to 14%, while deposit growth ranged from 8% to 10%, according to provisional numbers.
The Economic Times GIC is said to weigh selling $5 billion stake in India’s Greenko
Singaporean sovereign wealth fund GIC Pte is exploring options for its 50% stake in Greenko Energy Holdings. The stake could be valued at around $5 billion. Potential investors include infrastructure funds, sovereign wealth funds, and other energy entities. Greenko may also raise funds soon to support its growth initiatives.
The Economic Times World falling highly short on finances to achieve SDGs, pvt sector need to come forward
World Bank President Ajaypal Singh @ Ajay Banga said the world is far away in finances from achieving the Sustainable Development Goals (SDGs). The world needs 400 trillion dollars to achieve the SDGs but the world bank with multilateral development banks (MDBs) has access to nearly 300 trillion dollars and shortfall is big.
The Economic Times Sebi extends timeline for social enterprises to submit annual disclosures, impact report
Markets regulator Sebi on Monday extended the timeline to January 2025 for social enterprises, which have registered or mobilised funds through social stock exchange, to submit annual disclosures and 'annual impact report' for the financial year 2023-24.
The Economic Times Tinder-parent Match group promotes Steven Bailey as CFO
Steven Bailey will succeed Gary Swidler, the current President & CFO of Match Group. Swidler, who joined the company in 2015, will continue in his role as President.
