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The Economic Times
The Economic Times Nvidia's AI chip demand still booming but slowing sales growth worries investors
Still a stunning rate of growth thanks to huge demand for the company's chips that make up the brains of complex generative AI systems, it marks a clear slowdown from previous quarters when Nvidia mostly posted sales that at least doubled.
The Economic Times Indian exports not adversely impacted by rupee exchange rate policy, cenbank says
INDIA-CENBANK/RUPEE (PIX)Indian exports not adversely impacted by rupee exchange rate policy, cenbank says
The Economic Times India focussed on developing content creators' economy: Ashwini Vaishnaw
India is focusing on its content creators to showcase its rich heritage and culture. The country's creative economy is now a USD 30 billion industry. It contributes nearly 2.5 percent of GDP and provides livelihood to eight percent of the workforce. More cities like Guwahati, Kochi and Indore are becoming creative epicenters.
The Economic Times NTPC bets on large projects for 60 gigawatt solar dream
He said NTPC has developed capabilities in all areas of the renewables and enjoys certain advantages. "It's not that we started yesterday. We have been in solar for a decade. We have the experience in commissioning, operating, commercial... You name it, we have it," he said.
The Economic Times India’s services exports to outpace goods by FY30, cut US tech giants’ dominance for growth: GTRI
India's services exports are predicted to surpass merchandise exports, reaching $618.21 billion by FY30, according to a report by GTRI. This growth will be driven by IT and other business services (OBS). However, the report emphasizes the need for diversifying IT exports beyond the US and regulating the dominance of American tech giants to ensure sustained growth.
The Economic Times IBBI proposes amendments to liquidation regulations
The Insolvency Bankruptcy Board of India has released a discussion paper proposing changes to the liquidation process regulations. The proposed amendments aim to enhance transparency, streamline the auction framework, and clarify procedures for closing liquidation processes. The board is seeking public comment on the proposed changes until December 9, 2024.
The Economic Times Wockhardt chairman seeks GST exemption for antibiotics discovered in India
Wockhardt founder sought GST exemption for antibiotics discovered in India. He said this will make the drugs more affordable. The statement was made at an event to celebrate the scientific completion of the first indigenously developed antibiotic Nafithromycin. Nafithromycin is the first macrolide antibiotic in 30 years for community-acquired bacterial pneumonia.
The Economic Times Biometric authentication to begin at 46 GST service centres to check registration fraud
Experts said unscrupulous taxpayers exploit the online system to generate GST registrations and engage in fraudulent transactions, but biometric-based Aadhaar authentication is perceived as maintaining vigilance on such spurious registrations. In MP, of the total five GST service centres will be operated by the CGST at Indore, Ujjain, Bhopal, Jabalpur, and Gwalior, whilst other centres will be managed by SGST.
The Economic Times Emaar India to invest Rs 1,000 cr on new housing project in Gurugram; eyes Rs 2,500 cr revenue
He said the company will develop 522 apartments in this 6.2-acre project, with a development potential of 15 lakh square feet.
The Economic Times NCLT grants approval to Mahindra Homes’ share capital reduction plan
Mahindra Homes, a joint venture between Mahindra Lifespace Developers and Actis, has received approval from the National Company Law Tribunal (NCLT) for its capital reduction proposal. The move, which involves canceling certain equity shares, will optimize capital allocation without impacting ongoing projects or homebuyer interests.
The Economic Times Gautam Adani indicted in US over role in alleged bribery, fraud
Primarily, the charges are: "Conspiracy to commit securities and wire fraud, as well as substantive securities fraud, for their roles in a multi-billion-dollar scheme to obtain funds from US investors and global financial institutions through false and misleading statements".
The Economic Times Growth Projections: How ICRA, Morgan Stanley, and Moody’s see the road ahead?
ICRA projects a dip to 6.5% in Q2 FY25 due to weak margins and heavy rains but expects 7% growth for the year. Morgan Stanley recently revised its FY25 forecast to 6.7%, citing slow Q2 data. Moody’s pegs CY2024 growth at 7.2%.
The Economic Times RBI can't budge on rates due to inflation target: Economists
Economists anticipate interest rates to remain high due to inflation surpassing the Reserve Bank of India's target. Government officials advocate for rate cuts to boost the economy. Banks observe a rise in deposit rates, with some projecting rate cuts by February.
The Economic Times Skills shortage hobbles India's clean energy aspirations
India's ambitious plan to expand domestic manufacturing is coming up short in the solar industry which is grappling with inadequate government funding and a skills shortage, potentially jeopardising its clean energy targets, industry leaders said.
The Economic Times CIEL HR Services files draft IPO papers with Sebi; eyes Rs 335-cr via fresh issue
CIEL HR Services Ltd, a technology-driven HR solutions provider, has filed for an IPO with SEBI. The IPO comprises a fresh issue of ₹335 crore and an OFS of 47.4 lakh shares by promoters. Proceeds will fund acquisitions, working capital, and the expansion of learning platforms in subsidiaries.
