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The Economic Times
The Economic Times Top government jobs that will soon be vacated: CAG, RBI Governor, CEA, and SEBI Chairperson
The Union Government is set to make critical decisions on four major appointments, starting with a new Comptroller and Auditor General in November. Reappointments for the RBI Governor, Chief Economic Adviser, and SEBI Chairperson are also under consideration, with potential leadership changes anticipated.
The Economic Times Centre joins HCLSoftware to boost startup manufacturing ecosystem
Under the 'Manufacturing Incubation Initiative,' startups will have access to the 'HCL SYNC programme for global market exposure, allowing them to showcase their products and services worldwide, thus taking Indian innovation to an international audience.
The Economic Times The Swiss are coming as $100 bn deal shifts focus from China to India
Swiss companies are investing more in India, encouraged by a new trade deal with the European Free Trade Association. This agreement will reduce tariffs on exports and open up the Indian market. Swiss firms like ABB and Kuehne+Nagel are expanding their operations, while the deal will also boost Indian exports of pharmaceuticals, clothing, and machinery.
The Economic Times ICAI Vs. NFRA: WHAT'S THE FUSS ALL ABOUT?
In this insightful piece, finance expert Robin Banerjee discusses tensions between the NFRA (National Financial Regulatory Authority) and ICAI (Institute of Chartered Accountants of India), highlighting their impact on financial transparency and corporate governance in India's growing economy.
The Economic Times Launch of ₹1000 cr VC fund for space startups is Modi 3.0's bigger plans for India: Jitendra Singh
"From launching a ₹1,000 crore venture capital fund to support space startups to introducing the Bio E3 policy aimed at creating a bioeconomy, the Modi government’s major initiatives in the first 100 days of its third term signify its commitment to advancing India’s role on the global innovation stage."
The Economic Times Rs 8,000 cr GST scam shocker: 246 fake companies, 13 states and a mastermind— How did they pull it off?
Police in Pune have registered a case against eight individuals, including mastermind Asraf Ibrahim Kalawadiya, for setting up 246 fake companies to evade GST worth Rs 5,000 crore to Rs 8,000 crore. The group used forged documents and fake firms to commit fraudulent transactions.
The Economic Times Bankruptcy court rejects plea to implement Zee-Sony merger
The Mumbai bankruptcy court dismissed Phantom Studios India's application to enforce a merger between Zee Entertainment and Sony entities, as the companies' boards had already withdrawn the scheme. The tribunal emphasized that the minor shareholder's enforcement rights lapsed after board approval. The parties had previously agreed to a non-cash settlement, ending their disputes.
The Economic Times Our cost supremacy will keep us ahead, any airline which sells tickets below their cost level will be out of business: IndiGo CEO Elbers
IndiGo CEO Pieter Elbers addresses concerns over the airline's recent losses, emphasizing improved performance with reduced aircraft grounding and cost pressures, and expects traffic increase during the festive season. He highlights IndiGo's competitive edge and positive reactions to its new premium cabin.
The Economic Times Germany and Spain eye P75(I) submarine project
India's engagements with Germany and Spain center on niche defense collaborations, FDI, technology transfer, and manufacturing sector boosts. Both countries push for India's P75(I) submarine project. Germany ties with Mazagon Docks, Spain with L&T to impress India in enhancing its submarine fleet.
The Economic Times Nvidia CEO Jensen Huang: AI can help elevate India from ...
Jensen Huang, CEO of Nvidia, asserts that India has the essential resources—tech talent, a thriving digital economy, and extensive data—to become an AI leader. Emphasizing the need to transition from an IT outsourcing hub to an AI innovation center, he highlights India's critical role in Nvidia's operations and its potential to spearhead global AI advancements.
The Economic Times Tatas to enter red-hot quick commerce space with ‘Neu Flash’
Joining Flipkart and Reliance Industries, salt-to-software conglomerate Tata Group is set to enter the ever-growing quick commerce sector as customer demand rages in metros. People in the know said Tata’s ecommerce venture Neu will enter the fast delivery segment branded as Neu Flash. It will be rolled out to select users offering grocery, electronics and fashion.
The Economic Times How a Mumbai drugmaker is helping Putin get Nvidia AI chips
Shreya Life Sciences in Mumbai exported Dell's advanced PowerEdge XE9680 servers containing Nvidia AI chips to Russia, bypassing Western sanctions. Malaysia emerged as the origin for these high-tech shipments. India's intermediary role in such exports has drawn concerns from the US and EU about Russia's military capabilities.
The Economic Times Gold helps hold up forex reserves
Since the beginning of the fiscal year, the Reserve Bank has increased its gold stock by 31.6 tonnes, raising its total to 853.6 metric tonnes by September 2024. This addition, along with a 25 percent rise in gold prices, has significantly bolstered reserves despite portfolio outflows post the Ukraine-Russia conflict.
The Economic Times What Q2 numbers say about FMCG health? Costs, quick commerce surge and climate hit
Consumer companies saw mixed performances in the September quarter, with subdued urban demand affecting some, while others like Varun Beverages and Zomato thrived. Input cost inflation and climate change impacted profitability, but quick commerce growth and resilience in markets like Bangladesh provided some relief.
The Economic Times Tweak rule to facilitate same-day settlement of FPI trades: Bankers
Large multinational banks have requested that the RBI amend rules to enable same-day settlement of stock trades (T+0) for foreign portfolio investors in India. This change, aimed for late December or early January, necessitates a directive to allow banks to issue irrevocable payment commitments.
