The Economic Times
The Economic Times GIFT Nifty down 105 points; here's the trading setup for today's session
Immediate support is seen at 25,000, followed by 24,750, while 25,500 is expected to act as the immediate resistance. Traders should closely monitor these key levels, as a break below support could trigger further downside, while resistance at 25,500 may cap any short-term recovery attempts, said Hardik Matalia of Choice Broking.
The Economic Times We must make the law on fiscal targets more biting, says ex-RBI governor C Rangarajan
C Rangarajan emphasizes the need for stricter fiscal laws to manage deficits and debt, and highlights the importance of boosting investments and improving capital efficiency. He advocates for higher infrastructure investments and better banking practices to support India's economic growth beyond the middle-income threshold.
The Economic Times View: India won’t grow without taking on the world
Indian manufacturing has seen slow growth under Modi's 'Make in India' policy. The focus on reducing imports rather than boosting exports has led to stagnation. Export-driven sectors like mobile phones thrive, but others lag due to protectionist measures. The government needs to shift priorities to enhance productivity and global competitiveness through better logistics and public-private cooperation.
The Economic Times GST Rate Cut: Tax on several mass-use products may be reduced
A ministerial panel on GST is considering reducing rates on essential items like medicines and tractors to 5%. Health and term insurance may also see lower rates. The panel, led by Bihar deputy CM Samrat Chaudhary, will finalize these decisions soon. Revenue implications and the number of slabs are key considerations.
The Economic Times India Inc’s IPO fundraising almost doubles, QIPs triple in H1 of FY25, says Prime Database
According to Prime Database, in total, Indian companies raised Rs 1,56,947 crore through equity markets in H1 FY25, more than double the amount raised in the same period last year. Despite a decline in public bonds and InvITs/REITs.
The Economic Times Historic funding round values OpenAI at $157 billion
Thrive Capital led the funding round, with participation from SoftBank, Microsoft, Nvidia, Tiger Global, and MGX, an investment firm controlled by the United Arab Emirates.
The Economic Times India to become USD 1 trn digital economy by 2028, enabled by internet, 4G, 5G, and digitalisation
A recent report by Ask Capital says with enablers like deep internet penetration efficient and cheap 4G and 5G services along with government digital initiatives India is set to become a USD 1 trillion digital economy by 2028.
The Economic Times Monetary policy more effective in a larger formal labour markets: Study
Research by the RBI reveals that monetary policy transmission is more effective with increased formality in the labour market. A higher share of formal sector employment enhances the impact of policy measures on inflation and output, suggesting better outcomes under inflation targeting.
The Economic Times Panel on cards to resolve internship scheme disputes
The Ministry of Corporate Affairs is establishing a panel to resolve disputes related to the 'PM Internship Scheme', which aims to provide internships to youths across 500 top companies. A portal for applications will open by October 15, offering allowances and training cost-sharing between the government and companies.
The Economic Times CEOs' confidence in growth of own companies declines: Report
CEOs in India are optimistic about global economic recovery within three years, but are less confident about their own companies’ growth. Key threats identified include reputation risk, technological obsolescence, and cybersecurity. CEOs emphasize the need for agility, talent investment, and technology adoption to navigate challenges and achieve sustainable growth.
The Economic Times Company registrations decline 21% in Sept, LLPs rise 8%
New company incorporations in India fell by almost 21% in September compared to last year, marking the third consecutive month of decline. The registration of limited liability partnerships (LLPs), however, rose by nearly 8% year-on-year. Experts attribute the decline to an unfavorable base, while services trade prospects kept LLP registrations high.
The Economic Times CCI approves acquisition of Bharat Serums and Vaccines by Mankind Pharma
Competition Commission of India has approved the acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd.
The Economic Times Cos pushing workers very hard can't sustain pace; different mindset needed: Zoho CEO Vembu
Vembu also spoke at length on why he believes big-tech companies must be regulated, and emphasised the importance of 'standards' in preventing the creation and rise of digital monopolies.
The Economic Times India Inc credit quality strengthening, most sectors to sustain robust balance sheets in FY25, says Crisil
First-half credit ratio at 2.75 times on resilient domestic growth; infrastructure and allied sectors drive upgrades
The Economic Times Rating companies post more upgrades for India Inc as credit quality improves
For Crisil, overall, there were 506 upgrades and 184 downgrades. The credit ratio increased to 2.75 times in the first half of this fiscal from 1.79 times in the second half of last fiscal. This highlights the sustained strengthening of India Inc's credit quality.