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The Economic Times
The Economic Times Digital transfers of funds for public services up 56 pc in 2024: RBI Deputy Guv
The average number of daily e-transactions to access public services in India has increased by 56 per cent in 2024 compared to the previous year while there has been a transfer pf Rs 6.9 lakh crore through the digitally-powered Direct Benefit Transfers (DBT) under 314 schemes, benefiting 176 crore beneficiaries in the financial year 2023-24, RBI deputy Governor Michael Patra said on Wednesday.
The Economic Times UK businesses drive growth and sustainability in India, generating over Rs 5,000 bn in revenue: Report
UK businesses are making a big impact in India, generating over Rs 5 trillion in revenue and employing over half a million people. The India-UK Free Trade Agreement is expected to further boost this growth, particularly in sectors like renewable energy and technology. British investments are supporting India's economic development and sustainability goals.
The Economic Times Mercedes-Benz India cruises to double-digit growth as demand for luxury cars rises
Mercedes-Benz India is on course to close the current year with a double-digit jump in sales, fuelled by the rising demand for luxury cars in a fast-growing economy, the company's managing director Santosh Iyer has said.
The Economic Times India set to become 'major producer' of electric vehicles like China: Mark Mobius
India, which began its electric vehicle (EV) journey with two-wheelers, is set to become a "major producer" of electric vehicles like China in years to come, ace global investor Mark Mobius has said.
The Economic Times Co-working and learning facility will boost employee productivity in TN: WorkEZ
The Tamil Nadu government's new co-working and learning facility in Chennai is being praised by industry leaders. The facility, called "Mudhalvar Padaipagam," aims to provide an affordable and modern workspace for startups and individuals. Experts believe this initiative will boost employee productivity and attract more companies to the state.
The Economic Times Pernod Ricard emerges as largest Indian spirit maker with Rs 26,773 cr revenue in FY24
Pernod Ricard India Pvt Ltd (PRI) has reported an overall 6.9 per cent increase in its revenue from operations for FY24, and its profit rose 20.9 per cent to Rs 1,620.58 crore, according to the Registrar of Companies data accessed by business intelligence platform Tofler.
The Economic Times India's infrastructure push to be among largest in 21st century: KPMG
India is likely to see implementation of one of the biggest infrastructure programmes in 21st century, amongst the largest economies and creating fiscal sources of capital would be key to this initiative, according to a KPMG report.
The Economic Times India cenbank retains SBI, HDFC Bank, ICICI Bank in too-big-to-fail list
INDIA-CENBANK-India cenbank retains SBI, HDFC Bank, ICICI Bank in too-big-to-fail list
The Economic Times Vedanta Resources plans to sharply reduce cost of funding by April
The $850 million private credit facility from Standard Chartered Bank, which carries a high interest rate of 18%, is secured against future brand fee receivables. These brand fees, projected at around $300 million annually, help VRL with a recurring revenue stream that partially services this private credit.
The Economic Times IDFC FIRST Bank Launches FIRST Wings Start-up Lounge to Empower Indian Start-ups
IDFC FIRST Bank launched its inaugural "Start-up Lounge" in Bangalore to bolster early-stage businesses. The lounge offers resources, mentorship, and networking opportunities, including a dedicated banking program with tailored financial solutions. The bank aims to foster innovation and growth within the startup ecosystem.
The Economic Times Nvidia and SoftBank pilot world's first AI and 5G telecom network
"Every other telco will have to follow this new wave," SoftBank Group CEO Masayoshi Son said at an AI event where he was speaking alongside Nvidia CEO Jensen Huang.
The Economic Times ECBs by Indian cos contract 1.1 billion in September: RBI data
External commercial borrowings in September dropped by $1.1 billion to $4.8 billion. Financial services led the borrowing activity, with Power Finance Corporation raising $1.06 billion. Other key borrowers included Shriram Finance and Cholamandalam Investment.
The Economic Times SoftBank swings to profit with help from hot Indian IPO market
A boom in India’s IPO market is buoying the Vision Fund, which for years struggled to win returns commensurate with its $100 billion-plus scale. It’s a rare moment of victory for the Vision Fund, which posted two straight years of hefty losses after startup valuations collapsed, erasing its previous gains.
The Economic Times NTPC Green seeks $12 billion valuation for its IPO
NTPC Green Energy Ltd. aims for a $12 billion valuation in what could be one of India's largest renewable energy IPOs. The share sale, potentially raising Rs 10,000 crore, is expected to open on Nov. 18 and close on Nov. 21.
The Economic Times SC ruling on liquidation delays: Implications for corporate insolvency resolution
The Supreme Court emphasized the importance of timely resolution under the IBC, stating that delays harm companies and liquidation should be a last resort. They criticized the NCLAT's decision to uphold a resolution plan despite significant delays and directed the liquidation of Jet Airways, setting a precedent for future insolvency cases.
