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The Economic Times
The Economic Times Rs 1,000 cr earmarked for venture fund to Indian space startups: Minister
The government on Sunday said it has earmarked Rs 1,000 crore for venture fund to space startups, an indication of high priority that the government gives to the space sector.
The Economic Times Charting the global economy: US labor market powers forward
US job growth in September was robust, lowering chances of another big interest rate cut by the Federal Reserve.
The Economic Times With IPO market on fire, I-bankers set to celebrate a cracker of a year
With large IPOs from Hyundai, Swiggy, Afcons, Waaree and NTPC Green expected in the second half, the primary market is projected to raise over ₹1.5 lakh crore through IPOs alone this financial year, positioning investment bankers for a boom year.
The Economic Times RBI expected to hold rates in October MPC meet, brokerages predict future rate cuts
This would mark the tenth consecutive meeting where the RBI has kept rates steady, despite some variations in expert predictions for future rate cuts later in the fiscal year.
The Economic Times As competition heats up, OTTs eye profitability
With competition intensifying and subscriber growth plateauing, these platforms are now prioritising sustainability. Traditional business profits are under pressure, and external funding is becoming scarce, leading to a decline in aggressive OTT investments. Previously, large media companies funnelled profits into OTT, viewing it as a future-oriented business.
The Economic Times AI and globalisation to be weaponised in the next decade? EAM Jaishankar decodes
External Affairs Minister Dr S Jaishankar warns that AI will be as significant as nuclear weapons were in the past. Speaking at the Kautilya Economic Conclave in New Delhi, he emphasizes the long-term impacts of AI on the global ecosystem. He criticizes the United Nations for not adapting to current times, comparing it to an outdated business.
The Economic Times Hotels as plants? SC verdict on input tax credit sparks hopes for hospitality, realty CFOs
The Supreme Court's ruling on input tax credit for immovable property establishes that buildings intended for rental services may be classified as "plant," crucially hinging on a functionality test. CFOs express optimism, highlighting potential cost reductions.
The Economic Times Rs 1,000 cr earmarked for venture fund to Indian space startups: Minister
The government on Sunday said it has earmarked Rs 1,000 crore for venture fund to space startups, an indication of high priority that the government gives to the space sector.
The Economic Times Amid monetisation issues, Reliance Jio puts 5G expansion in slow lane; to focus on upgrading 4G users
Reliance Jio and Bharti Airtel are delaying further expansion of their 5G networks due to low capacity utilization and pending monetization. Both companies are focusing on upgrading their 4G users to 5G, with Jio already covering over 90% of India's population and leading in 5G user base.
The Economic Times Adani Group lays bricks to buy Heidelberg’s India cement unit
The Adani Group, India's second-biggest cement maker, had entered the sector by acquiring Holcim's India operations in 2022. As with Holcim, Adani intends to move fast to close the deal, said the people cited. Ambuja Cements had cash and cash equivalents of Rs 18,299 crore on June 30, 2024. However, the Indian conglomerate may opt out of a deal if it becomes a full sale process involving other contenders, one of the persons said.
The Economic Times IT companies appraisal, hike cycles shift from June to September quarter
Salary increases in IT companies have shifted from the traditional April-June period to later in the year, influenced by fluctuating demand. This shift has led to unpredictable hikes and varied timing, with factors like high attrition and sluggish demand influencing decisions.
The Economic Times Reliance, Tata & Adani can’t seem to fill positions in this booming sector
Several Indian conglomerates, including Tata and Reliance, are recruiting expatriates and returning Indians for new ventures in renewable energy, semiconductors, and electric vehicles. They are addressing local talent shortages by hiring professionals from the US, Europe, and Asia-Pacific at senior levels. This move is aimed at supporting their expansive growth and innovation plans.
The Economic Times Manufacturing’s ‘Be Your Boss’ moment: About 48% of workers in the sector are self-employed
Nearly half of India's manufacturing sector workers are self-employed. This trend is linked to the rise of startups and entrepreneurship. In other sectors like agri and transport, self-employment is also high. Data shows more women in manufacturing prefer self-employment over regular jobs. Many women run businesses from home, focusing on consultancy and design.
The Economic Times Stable policies, ease of doing biz in states to significantly boost manufacturing: Experts
The government has already taken a series of steps like rolling out the production-linked incentive scheme (PLI) for 14 sectors, tweaking tariffs and issuance of mandatory quality control orders for different products to support domestic players and increase manufacturing activities, they added.
The Economic Times India to become next chip manufacturing hub: Ashwini Vaishnaw
The Union Minister further said Micron Technology will roll out the first made-in-India chips by early 2025. The construction work of the CG power semiconductor facility is going on. And in Tata's ATMP facility in Assam, construction work is going on very well, he said.
