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The Economic Times
The Economic Times India moving towards gas-based economy from import dependent crude based economy: Hardeep Puri
Union Minister Hardeep Singh Puri on Monday highlighted that India is moving towards a gas based economy from the crude based economy for its energy requirements.
The Economic Times Singapore Airlines to invest additional Rs 3,195 cr in Air India post-Vistara merger
Singapore Airlines (SIA) will invest an additional Rs 3,194.5 crore in Tata Group-owned Air India following the merger of Vistara, which is set to be completed by November 11, 2024. SIA will hold a 25.1% stake in the enlarged Air India. The investment includes SIA’s 49% stake in Vistara and Rs 2,058.5 crore in cash.
The Economic Times Flender to invest in the Indian market to boost domestic manufacturing
The company operates three production sites in Kharagpur (Kolkata), Chennai and Walajabad in Kancheepuram district, Tamil Nadu, to meet both local and global demand for wind turbine drive gearboxes.
The Economic Times Premiumisation holds its ground amid inflation spike across Indian consumer market
Despite the persistent inflation and sluggish demand, several leading FMCG and retail brands are doubling down on their premiumization strategies, reshaping their approach to appeal to discerning customers.
The Economic Times Why India Isn't Nervous About Donald Trump's Return? EAM Jaishankar Explains
S Jaishankar said while a lot of countries are nervous about the US, following the return of Donald Trump as President, India is not one among them.
The Economic Times India Inc earnings downgrades worst since 2020. Are we staring at a bear market?
Indian companies are facing their most significant earnings downgrades since the start of the COVID-19 pandemic in 2020, causing concern among investors. Factors like heavy rains, reduced government spending, and slowing demand in sectors like FMCG and retail have contributed to this trend.
The Economic Times SBI expects to be first Indian company with Rs 1 trillion net profit in medium term: Chairman
State Bank of India (SBI) Chairman, CS Setty, expressed optimism about achieving a Rs 1 trillion operating profit this year, driven by robust credit growth across sectors like petrochemicals, roads, and renewable energy. The bank aims for a 15% growth in its domestic loan book, reaching Rs 39 lakh crore.
The Economic Times IS TRUMP GOOD FOR INDIAN BUSINESSES?
In this analysis, seasoned finance expert Robin Banerjee delves into the potential implications of Trump's economic policies on India’s trade, businesses, and the global economy, highlighting both opportunities and risks.
The Economic Times India Inc finds the (short and) sweet spot when hiring expats
Indian companies across various sectors are increasingly hiring expats for short-term assignments to address talent shortages and gain specialized expertise. These assignments, typically lasting six months to two years, attract highly skilled professionals seeking project-based work or technical leadership roles, particularly in industries like manufacturing, life sciences, and renewable energy.
The Economic Times AI agents more effective than GenAI for enterprise productivity: Deloitte Study
Deloitte's study reveals that AI agents surpass GenAI in business automation, handling complex tasks effectively. Unlike LLMs with limited task comprehension, AI agents leverage tools and memory for intricate processes, enhancing productivity and program delivery.
The Economic Times Govt earns Rs 2,364 crore by selling office scraps in 3 years
Prime Minister Narendra Modi lauded the efforts of Department for Promotion of Industry and Internal Trade (DPIIT) for displaying efficiency and earning Rs 2,364 crore in just three years through the sale of scrap from various government offices.
The Economic Times P&G India's sales cross $2 billion, but growth rate falls
Procter & Gamble (P&G) India achieved $2 billion in sales in FY24, marking an 8% growth. Despite facing a market slowdown, the company's focus on product innovation and operational efficiency contributed to its success. P&G's largest division, Home Products, saw a significant 37% profit increase.
The Economic Times Godrej Properties net debt rises to ₹7,572 crore in q2
Godrej Properties' net debt rose slightly to ₹7,572 crore as the company invested in land acquisitions for future growth. To fund further expansion, they plan to raise ₹6,000 crore through various securities. This follows a record year with sales bookings reaching ₹22,527 crore, and the company aims to achieve ₹27,500 crore in the current financial year.
The Economic Times Fog lifts: IT spending revives on AI, BFSI gets growth and hiring surges
India-centric IT firms saw signs of recovery in the first half of the fiscal year, driven by growing tech spends in North America's BFSI sector, increased hiring, and improved revenue guidance. Experts foresee further tech spending bolstered by Donald Trump's US election win, which may lead to lower business taxes and favor skilled immigration, setting the stage for Indian IT firms to expand and innovate.
The Economic Times India to focus on climate finance, accountability, protection for vulnerable communities at COP29
India is poised to prioritize climate finance accountability and safeguarding vulnerable communities at COP29 in Baku. Leading a 19-member delegation, India will urge developed nations to accelerate their net-zero commitments and deliver on climate finance promises, emphasizing the need for equitable energy transition and robust support for adaptation measures.
