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The Economic Times
The Economic Times India's GCCs to exceed $100 bn by 2030; houses 20% of global workforce
Additionally, these centres are poised to create over 2.5 million jobs across the country. These centres are delivering substantial value, accounting for 23% of India's IT exports. The survey examines the latest trends of GCCs in India, gathering insights from 88 GCCs across various regions, industries, and functions.
The Economic Times Sebi proposes accountability for AI use by market infra institutions, intermediaries
This is proposed with the aim of ensuring data privacy, security, and integrity, especially with sensitive investor information. In its consultation paper, Sebi said that the market infra institutions should also be accountable for any actions taken based on AI outputs.
The Economic Times RBI should definitely cut interest rates, says Commerce Minister Piyush Goyal
Commerce Minister Piyush Goyal called for the Reserve Bank of India (RBI) to cut interest rates, arguing that food inflation should not be the sole factor in such decisions. He expressed his personal view, noting that inflation is expected to decline by December. Goyal also urged investors to take a long-term perspective, following recent Foreign Institutional Investor (FII) selling trends.
The Economic Times Indian economy 'sailing smoothly' amid global challenges, says RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das expressed confidence in India's economic stability amidst global uncertainties. He highlighted the country's strong external sector, robust buffers, and the RBI's proactive measures in navigating challenges like inflation and geopolitical tensions. Das emphasized the central bank's commitment to balancing growth and stability while addressing emerging risks.
The Economic Times India's smartphone market to exit 2024 with single-digit annual growth
India's smartphone market is expected to exit 2024 with a low single-digit annual growth, as Apple posted its largest-ever quarterly shipment in India with 4 million units in the third quarter (Q3), according to a new report.
The Economic Times GSTN rolls out Invoice Management System to address excess ITC claims issue; experts seek clarity on legal validity, integration
The GSTN advisory on the Invoice Management System (IMS) outlines how recipients can manage invoices in real-time, enhancing ITC accuracy and fostering transparency between suppliers and recipients.
The Economic Times Wholesale Inflation rises to 2.36% in October on soaring food prices
Following the Retail Inflation, India’s Wholesale Price Inflation increased to 2.36% in October from 1.84% in September. The Food Price Index saw no easing and rose to 201.2, showing an increase of 11.59%.
The Economic Times USD 1 trillion a year needed for developing nations by 2030: High-Level Group on Climate Finance
As countries negotiate at COP29 a new climate finance package to support developing countries beyond 2025, the report cautions against the risks of delayed action.
The Economic Times Apple overtakes Samsung in Q3, clocks record shipments in India: IDC
The iPhone 15 and iPhone 13 models were the most popular, according to IDC. Record shipments led to Apple cornering majority share in the smartphone market in value terms, widening the gap with Samsung. Apple's revenue share in the market stood at 27.2% while Samsung's share stood at 15.2%.
The Economic Times Small companies play a big role in facilitating GPU access in India
Neysa Velocis offers GPU-based AI services including training, fine-tuning and inferencing, with a focus on cost efficiency and ease of use. It has raised $50 million in funding and collaborates with NTT Data Corporation’s data centres in India. It has onboarded 12 clients in about 10 weeks since the formal launch of its platform in October, with a mix of Indian and global multinationals.
The Economic Times Swiggy delivers best major listing in 10 years
“We are very excited for the next phase of our journey as a company,” said Sriharsha Majety, cofounder and CEO, Swiggy, in a press conference following the listing ceremony at NSE. “As for the profitability, even in the build-up to the IPO, we have talked about how the food delivery business has already gotten profitable and we expect that to continue at a steady clip.”
The Economic Times 'Wait & watch': India gearing up for any change in US policy, says CEA V Anantha Nageswaran
India's Chief Economic Adviser, V Anantha Nageswaran, said that the country is better equipped to handle Donald Trump's return to the White House. While acknowledging market volatility, he urged against overreacting and emphasised India's preparedness for potential policy shifts, particularly in trade.
The Economic Times Volkswagen, Hyundai, and Toyota await India's new EV policy guidelines, likely to apply
Volkswagen, Hyundai, and Toyota may soon apply for India's new electric vehicle policy. The policy allows for importing high-end EVs at lower tariffs. Companies must invest in domestic manufacturing to qualify. The government will announce final guidelines in the coming months. The policy aims to boost EV adoption and manufacturing in India.
The Economic Times Holdco to house Tata Motors' demerged CV, PV businesses
Tata Sons is restructuring Tata Motors by creating a holding company for its passenger and commercial vehicle businesses, which will be demerged into separate entities. This move aims to unlock value and enable independent capital raising for each business, with a potential listing of the electric passenger vehicle arm in the future.
The Economic Times Sebi proposes accountability for AI use by market infra institutions, intermediaries
This is proposed with the aim of ensuring data privacy, security, and integrity, especially with sensitive investor information. In its consultation paper, Sebi said that the market infra institutions should also be accountable for any actions taken based on AI outputs.
