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The Economic Times
The Economic Times Incentive package in works to push green steel manufacturing
The steel ministry has begun discussions with the finance ministry on the proposed package, which will be rolled out in different phases, according to the officials. "Talks are on the contours of the incentives... A call will be taken soon," said one of the officials, who did not wish to be identified.
The Economic Times RBI's rosy growth forecast baffles economists
The Reserve Bank of India (RBI) maintains a positive growth forecast for India's economy, predicting a 7.2% expansion for the year ending March 2025. This is significantly higher than the government's projection of 6.5%-7% and investment banks like Goldman Sachs, which have lowered their estimates to 6.5%. The RBI attributes its optimistic outlook to improving rural spending and private investment, despite concerns over sluggish urban consumption and declining exports.
The Economic Times PM to inaugurate Tata-Airbus C295 aircraft plant on Monday; facility set to bag orders for 12 more planes soon
India had signed a contract with Airbus in 2021 to buy 56 C-295 transport aircraft of which 16 were to be directly sent from Spain while 40 had to be manufactured in India at Tata facility in Vadodara.
The Economic Times EAM Jaishankar highlights India's foreign policy transformations
External Affairs Minister S Jaishankar highlighted major changes in India's foreign policy over the past ten years. He emphasized the government's focus on the Indian diaspora's welfare and expanding global job opportunities for Indians. Jaishankar also mentioned efforts to attract foreign investments, citing Prime Minister Narendra Modi's meetings with CEOs in the US.
The Economic Times JSW Energy emerges top bidder for KSK Mahanadi Power
JSW Energy emerged as the top bidder for KSK Mahanadi Power, offering Rs 15,985 crore and surpassing Adani Power’s Rs 15,885 crore bid. The auction saw six companies participate with JSW Energy securing the deal. The resolution requires further approval from lenders.
The Economic Times Tata Trusts plans to trim cost flab with fitter management; several roles to be done away with
Tata Trusts is undergoing restructuring to streamline expenses by eliminating CFO and COO roles, reducing external consultants, and focusing on core philanthropic missions. The move aims to cut administrative costs following an internal audit and financial review, emphasising efficient governance and resource allocation.
The Economic Times Construction and agriculture drag India Inc's Q2 revenue growth to 5-7%: Crisil report
Indian Inc's revenue growth slowed to 5-7% in Q2 of FY25, driven by poor performance in construction, industrial commodities, and agriculture. However, sectors like IT services, pharmaceuticals, and consumer discretionary saw strong growth, resulting in an overall EBITDA margin expansion of 21-21.5%.
The Economic Times Earnings from GST and VAT see marginal rise in Delhi
Delhi's tax revenue from motor vehicle taxes and GST in the first half of 2024-25 is concerning. Motor vehicle tax revenue decreased slightly, while GST and VAT saw a marginal 6.4% increase. The Delhi government is making efforts to improve collection in the remaining fiscal year.
The Economic Times CBDT extends deadline to file income tax returns by corporates to Nov 15
The Central Board of Direct Taxes (CBDT) on Saturday extended the deadline for filing income tax (I-T) returns by corporates by 15 days till November 15 for the assessment year 2024-25. The earlier deadline was October 31.
The Economic Times Cryptocurrencies huge risks to financial stability: RBI Governor Das
Cryptocurrencies pose significant risks to financial and monetary stability, said RBI Governor Shantikanta Das. He emphasized that they could undermine central banks' control over money supply. Das called for international cooperation to address these threats. India has been vocal about these concerns and has urged careful handling of the crypto ecosystem.
The Economic Times Formal jobs slip in August; EPF additions down 15%
New subscriptions to the Employees Provident Fund (EPF) scheme and the National Pension Scheme (NPS) hit their lowest since the start of the fiscal year, according to MoSPI report, 'Payroll Reporting in India: An Employment Perspective - August 2024'.
The Economic Times Ratan Tata's ₹10,000 crore will explained: Between siblings, Shantanu Naidu and dog Tito, who gets what?
Ratan Tata's ₹10,000 crore will, made public two weeks after his death, distributes his wealth among family, friends, staff, and his pet dog. Significant assets include high-value properties, a large fixed deposit, and Tata Group shares. A major portion is directed to philanthropy through the Ratan Tata Endowment Foundation. Noel Tata becomes chairman of Tata Trusts.
The Economic Times IMF, World Bank need to give emerging economies prominent role in decision-making processes: Shaktikanta Das
Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the need for reforms in the international financial system to address challenges faced by emerging economies and to adapt to the evolving global economic landscape.
The Economic Times IPO Boom and the Digital Economy: A New Growth Path for Indian Startups
Mandeep Mehta, CFO of PB Fintech, highlights India's thriving IPO market in 2024, surpassing Rs 1 lakh crore in fundraising, driven by robust domestic demand and a booming digital economy that fuels startup growth.
The Economic Times Nvidia Corp to supply AI chips to Reliance, partner with Infosys, TCS
Nvidia will supply its Blackwell AI processor for the Reliance data centre while its Hopper AI chips will be supplied to large-scale data centres of firms like Yotta Data Services and Tata Communications. Also, Infosys, TCS, and Wipro will help clients deploy AI with custom-built solutions that use the US giant's enterprise software platform. Tech Mahindra will use its new Hindi-language AI model to develop a custom AI model called Indus 2.0.
