The Economic Times
The Economic Times Why is SEBI chairperson reluctant to face questions of parliamentary panel, asks Rahul
SEBI Chairperson Madhabi Puri Buch did not attend the Public Accounts Committee of Parliament. Congress leaders, including Rahul Gandhi, question her absence. Congress president Mallikarjun Kharge accuses the BJP-led Centre of using Buch to shield its misdeeds. Buch's absence led to the postponement of the PAC meeting, causing a deadlock in proceedings.
The Economic Times Job creation, redefining skills most pressing issue globally amid rapid tech changes: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman stresses the global urgency of job creation amidst economic challenges and technological advancements, advocating for a comprehensive approach by the World Bank to address sectoral shifts, skill development, and sustainable growth during her visit to the US.
The Economic Times Sanjiv Khanna appointed new Chief Justice of India, to succeed DY Chandrachud
Justice Sanjiv Khanna has been appointed as the 51st Chief Justice of India and will take oath on November 11, 2024, succeeding Justice D Y Chandrachud. He will serve until May 13, 2025. The appointment was made by the President after consultation with the current Chief Justice.
The Economic Times Blow for cash-strapped telco: PFC-REC cuts Vodafone Idea’s borrowing call, wants extra cover
Both infra-focused government lenders, which specialise in power-related projects, have told the company that for any loan proposal to be considered, Vodafone Idea (Vi) will have to furnish an extra cover through corporate guarantees to shield these proposed commitments from any future default, top financial industry sources involved in the discussions told ET.
The Economic Times NBFC growth to be hit due to rising unsecured loan stress
Non-bank financial companies (NBFCs) will face stress from unsecured loans due to higher interest rates impacting borrowers' repayment capacities this fiscal year, says rating agency ICRA. Growth in microfinance and other unsecured loans will slow significantly. As a result, NBFC profitability will be affected. Regulatory guidelines will also play a role in moderating credit growth.
The Economic Times India will be fastest emerging global innovation hub: Mukesh Ambani
Speaking at the Nvidia AI Summit in Mumbai on Thursday, Mukesh Ambani said India is now one of the top countries in digital infrastructure, alongside the US and China,
The Economic Times Export Push: Govt working on easier loans for SMEs, ecommerce exporters
India is developing a new collateral-free, pre-shipment loan scheme for SME and ecommerce exporters to help achieve $2 trillion in exports by 2030. This initiative aims to expand export credit and lower interest rates, focusing on firms' track records to ease financial difficulties and procedural trade finance issues.
The Economic Times RBI MPC minutes indicate dichotomy: SBI Ecowrap report
The SBI Ecowrap report on MPC meetings highlights divergent views among committee members on policy rates, with debate on inflation control versus economic flexibility. A proposed amendment seeks to shorten the release timeline for meeting minutes from 14 to 7 days for timely communication.
The Economic Times Sebi clarifies on advertisement code for research analysts
This came after the Securities and Exchange Board of India (Sebi) received certain queries concerning the applicability of provisions of advertisement code on a research report issued by an RA.
The Economic Times G20 countries reaffirm pledge to cooperate on taxing super-rich
G20 finance ministers meeting in Washington on Thursday reaffirmed their desire to cooperate on taxing the super-rich, before a summit next month where taxes are expected to be a top priority. But at a previous meeting of finance ministers in July, the G20 pledged to cooperate to ensure that the very wealthiest are taxed more heavily, in the name of fighting inequality.
The Economic Times India Inc's revenue growth in Q2 to slow to 16 quarter low: Crisil
India Inc is expected to report a 16-quarter low revenue growth of 5-7% for the September quarter. The stagnation in construction, a decline in industrial commodities, and sluggish investment-linked sectors contributed to the slowdown. Additionally, the agriculture sector experienced a significant 20-22% revenue drop.
The Economic Times Centre, states, bake a bigger revenue pie after SC's order on alcohol
The Supreme Court's affirmation of states' authority to tax all types of alcohol and mining helps enhance their fiscal capabilities. This gains significance post-GST, as states seek more autonomy in local revenue generation while balancing collaborative efforts with the Centre for equitable development.
The Economic Times Ladki Bahin Yojana: Freebie economics weakens state finances
On one hand, I feel happy for the women and households who really need it. But on the other hand, the question that comes to my mind is whether it is a good idea. Freebies and ‘revadi’ culture are not new for India, but in the last few years this phenomenon has grown significantly. On one hand, when we are talking about building a country and doubling the GDP we should have better ideas to deal with finances.
The Economic Times Beekay Niryat CFO resigns, Gaurav Somani takes over
Given the resignation of Suman Agrawal, the company has announced the appointment of Gaurav Somani as its Chief Financial Officer, effecive October 24, 2024.
The Economic Times Adani Group's ACC Ltd clocks highest quarterly revenue at Rs 4,614 crore in Q2
Cement and building materials leader ACC Ltd, part of the diversified Adani Group, on Thursday reported the highest quarterly revenue at Rs 4,614 crore, up 4 per cent (year-on-year).