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The Economic Times
The Economic Times CPI surges to 10-month-high at 6.21% in Oct; IIP improves to 3.1% for Sept
India’s retail inflation climbed to 6.21% in September, breaching the RBI's 2-6% target in October. Food prices surged 10.87%, with rural and urban inflation at 6.68% and 5.62%, respectively. Industrial production improved, rising 3.1% in September, driven by manufacturing growth, according to MoSPI data.
The Economic Times NSE inks pact with Zomato to empower delivery partners with financial literacy
The National Stock Exchange of India (NSE) has partnered with Zomato to launch a financial literacy program for Zomato's delivery partners. The program aims to educate over 50,000 gig workers on personal finance management, including budgeting, saving, investing, and debt management. The initiative will be delivered in multiple regional languages to ensure accessibility and inclusivity.
The Economic Times India at take-off stage of development with young population, robust infra growth: Mark Mobius
India is now at the take-off stage of development where the young demographic with higher productivity, digitisation of the economy, and a robust infrastructure growth will help the country become a major global economy in the years to come, Mark Mobius, of Mobius EM Opportunities Fund, said on Tuesday.
The Economic Times Colgate will be a preferred choice in the market amid rising snacking culture, says CFO Jacob
Colgate-Palmolive (India) says that it aims to deliver exceptional value to its consumers while improving oral health for everyone in India.
The Economic Times Sebi gives nod to Inventurus and Manjushree Technopack to float IPOs
After refiling their IPO documents in August, the companies gained regulatory approval between November 4 and 8. Their shares will be listed on the BSE and NSE
The Economic Times Quess Corp's open job mandates decline; CFO says firm on track for steady growth in H2 amid challenges
Quess Corp is poised for steady growth in FY25, driven by its diversified business model, margin expansion, and strategic initiatives, despite regulatory challenges and a softening job market, says CFO Kamal Pal Hoda.
The Economic Times US-based funds pulling out money from India at fastest pace since Jan 2022: Report
Over the last five weeks, a total of $575 million have been pulled out of India-dedicated funds, Elara Capital said. Out of the $575 million, a total of $360 million was redeemed from largecap funds, while $215 million was withdrawn from mid-cap funds.
The Economic Times Godrej Industries to buy Savannah Surfactants' food additives, emulsifier biz for Rs 76 cr
Godrej Industries is set to acquire the food additives and emulsifier business of Savannah Surfactants Limited for Rs 76 crore. The deal will see Godrej Industries expand its product offerings to the Food & Beverages segment. Savannah Surfactants Ltd has a manufacturing capacity of 5,200 tonnes per annum of finished products.
The Economic Times Physis Capital gets Rs 150 cr commitment for Rs 400 cr fund
Venture capital firm Physis Capital has secured Rs 150 crore in commitments for its Rs 400 crore fund. The firm plans to invest in 12-15 Indian startups and expects to reach final close by early 2026. Physis Capital has already made two investments, including Rs 5 crore in CTPL, a university admissions support provider.
The Economic Times Budget 2025: Nirmala Sitharaman to meet state FMs for pre-Budget, GST Council meet on Dec 21-22
Finance Minister Nirmala Sitharaman is set to meet with state counterparts on December 21-22 for pre-budget discussions and a GST Council meeting. Key agenda items include potential GST exemptions for certain insurance policies and rate reductions on various goods. The Council may also consider raising GST on luxury items like high-value shoes and watches.
The Economic Times India’s net direct tax collection grows by 15.4% to Rs 12.1 trillion
Net direct tax collection surged 15.4% to Rs 12.1 lakh crore as of November 10, 2024, after refunds of Rs 2.91 lakh crore. The net direct tax collection was Rs 10.48 lakh previous year. Gross collections reached Rs 15.02 lakh crore, up 21.2% year-on-year.
The Economic Times Air India Express to bid adieu to business class seats next year, will turn into economy only airlines
Air India Express is transitioning to an all-economy class configuration for its narrow-body aircraft. Starting in April 2025, the airline will begin reconfiguring planes to remove business class seats. This move aligns with the airline's focus on connecting smaller cities and towns with major hubs, as well as expanding its international network.
The Economic Times B2C commerce startup Wheelocity raises $15 million from Lightspeed, others
The new funding will support Wheelocity’s plans to expand operations across 20,000 towns and villages in southern India over the next year, aiming to reach a user base of 10 million.
The Economic Times IndiGo working with civil aviation ministry to extend wet lease of Boeing 777 planes
IndiGo is seeking to extend its wet lease of two Boeing 777 aircraft from Turkish Airlines beyond the current November 14th deadline. The airline, facing capacity constraints due to grounded aircraft, utilized the wide-body planes to meet surging international travel demand on its Delhi and Mumbai to Istanbul routes.
The Economic Times As IPO nears, Swiggy hires two more Flipkart executives
Swiggy has recruited two senior executives, Hari Kumar G and Shalabh Shrivastava, from Flipkart to bolster its leadership team ahead of its IPO. Kumar will oversee Instamart as Senior Vice President and Chief Business Officer, while Shrivastava will optimize product and operations for Swiggy's delivery service as Senior Vice President.
