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The Economic Times
The Economic Times Industry upbeat on policy continuity as biz confidence index rises to 2-qtr high: CII
India's economic growth has held up well despite global challenges, CII said, asserting that the upcoming festive season portends well for fortifying growth prospects further.
The Economic Times High tax hindering carbonated soft drinks segment in India reach potential: ICRIER report
High taxes under India's GST regime are hampering the growth of the carbonated soft drinks sector, despite initiatives like 'Make in India' and 'Aatmanirbhar Bharat'. With a total tax rate of 40%, India has one of the highest rates globally, hindering innovation and investment. The market remains underdeveloped compared to other developing nations.
The Economic Times Mega jobs push off to a solid start: India Inc takes up internship scheme, kick-starts hirings
500 companies like ITC, Reliance Retail, and TCS are partnering in the PM internship scheme launched on October 3. The internship targets candidates aged 21-24, offering a monthly stipend of ₹5,000. Roles span sales to farm-focused areas, with an emphasis on hiring women to increase diversity in the workforce.
The Economic Times Financial stability could weigh more than macro signals
The Reserve Bank of India faces a triple challenge: geopolitical uncertainty in the Middle East, inflation driven by fluctuating farm output, and softening economic growth. As the Monetary Policy Committee convenes, the focus is on liquidity and deposit crunches rather than merely interest rates.
The Economic Times AIFs, govt in talks over 'carry income' tax
The Indian government seeks insights from the private equity and venture capital sector on global tax practices for fund managers' carried interest as it examines the imposition of GST on such earnings. A recent Supreme Court decision helps facilitate ongoing discussions about aligning with international tax norms.
The Economic Times Former HCL CFO Prateek Aggarwal joins RP Sanjiv Goenka Group as President of Value Creation
Aggarwal has joined the RP Sanjiv Goenka Group as President of Value Creation, following his resignation in September as CFO of HCL Technologies to explore new career opportunities.
The Economic Times Amazon to increase the individual contributor to manager ratio by 15% through layoffs: How many reportees can a manager can effectively oversee?
Amazon plans to cut around 14,000 manager positions by early 2025, potentially saving up to $3 billion annually, as part of a strategy to enhance operational efficiency. So, what is the ideal reportee-to-manager ratio? And what are the factors that an organization should keep in mind while deciding on the right manager-to-individual contributor ratio? Here is all you need to know.
The Economic Times Shapoorji Pallonji Group to merge port holding cos
Shapoorji Pallonji Group is planning to merge SP Imperial Star and SP Port Maintenance, which hold Dharamtar and Gopalpur Ports. Dharamtar has been sold to JSW, while Gopalpur is being sold to Adani. The merger will follow Company Law Tribunal procedures, taking several months to finalize.
The Economic Times US-China trade war escalation may help Indian exports: GTRI
Escalating US-China trade tensions could boost India's exports and attract American investments, as new US Senate bills may shift production away from China. India can leverage this by enhancing its manufacturing sector in electronics, textiles, and other industries, reducing reliance on Chinese products.
The Economic Times Indian venture capital firms are increasingly hiring more women
Venture capital firms like Blume Ventures, Lightspeed India, and Bertelsmann India Investments are actively increasing female representation across their teams. They believe that diverse perspectives lead to better investment decisions and sustainable business growth, with specific recruitment strategies aimed at leveling the playing field for women in the VC ecosystem.
The Economic Times India, EU in negotiations as October deadline on oversight looms
Indian and European regulators are working to resolve clearing house oversight issues. If not resolved by October's end, European banks must set up provisions with Indian custodians. This dispute, triggered by ESMA’s withdrawal of recognition from Indian CCPs, might disrupt significant trading. Talks continue in a constructive manner with potential solutions being explored.
The Economic Times India's forex reserves top $700 billion for first time after seven-week surge
INDIA-CENBANK-India's forex reserves top $700 billion for first time after seven-week surge
The Economic Times RBI appoints Aviral Jain as new Executive Director
As Executive Director, Jain will look after the Legal Department, Premises Department and Right to Information Act (First Appellate Authority).
The Economic Times Unified data highway can unlock USD 3-4 trillion annually for emerging nations by 2030
The report notes that unified data highways (UDH), the next frontier of digital public infrastructure will unlock an economic value of USD 3-4 trillion per annum for emerging nations by 2030.
The Economic Times DPIIT ties up with Johnson Controls-Hitachi to launch startup incubator
The startup incubator is established to support manufacturing-focused startups of select sectors, fostering technological advancements, sustainability, and energy efficiency.
