The Economic Times The Economic Times

The Economic Times Growth may have slipped in rainy Q2 but forecast for fiscal is sunny

India's economic growth slowed to 6.8% in July-September due to reduced consumption and investment amid heavy monsoon rains. Factors like lower diesel and electricity usage, slower vehicle sales, a global slowdown, and geopolitical tensions affected growth. Economists expect overall annual growth to remain robust at around 7%.

The Economic Times AI-driven cyber attacks top risk for enterprises, says report

According to Zachary Ginsburg, senior director, research in the Gartner Risk & Audit Practice, while the upcoming US election generates headlines over the candidates' regulatory, trade and other proposals, organisations have difficulty considering the actual risk implications from the many scenarios that might unfold.

The Economic Times Indian crypto exchanges’ futures trade with foreign peers may test FEMA limits

Local bourses as well as these HNIs believe their trades are kosher — drawing comfort from the fact that the foreign exchanges they are dealing with are registered with Financial Intelligence Unit (FIU). However, they may be unwittingly walking through a minefield of rules on the Foreign Exchange Management Act.

The Economic Times India Inc, employees think green as AQI worsens

Diwali celebrations and stubble burning have worsened air quality in Delhi NCR and Mumbai. Companies like Deloitte, Acer, and DS Group are implementing green measures and flexible working policies, including remote work, air purifiers, and encouraging green transport, to ensure employee safety amidst deteriorating air quality.

The Economic Times Lower sales realisation hit margins of cement manufacturers in Q2 FY25

Industry observers said the increase in sales volume of UltraTech and Ambuja Cements is mainly due to the several acquisitions by both companies that consolidated their position further in the industry.

The Economic Times India needs to create 1 crore jobs annually to sustain 6.5% GVA growth: Goldman Sachs

For this the country needs to incentivise the development of affordable housing, expand IT and GCC hubs into Tier-2 and Tier-3 cities and redirect fiscal incentives to labour-intensive sectors.

The Economic Times FPIs record unprecedented Rs 1.13 lakh crore sell-off in October, remain buyers in cash market

The duality in the behavior of FPIs is explained by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stating that the primary market issues are mostly at fair valuations whereas the benchmark indices are trading at elevated valuations.

The Economic Times Sebi proposes doubling the threshold for 'high value debt listed entities' to Rs 1,000 crore

Sebi proposes to increase the threshold for High Value Debt Listed Entities from Rs 500 crore to Rs 1,000 crore to reduce compliance burdens. New measures include a sunset clause for governance obligations, filing governance reports in XBRL format, and harmonising reporting with equity-listed entities. Sebi seeks public comments on these proposals by November 15.

The Economic Times From Reliance to Unilever, firms worried about low consumer demand in India

Consumer companies in India are struggling with declining urban middle-class spending due to inflation and unemployment. Major firms, including Reliance and Hindustan Unilever, have reported weaker demand and challenging conditions. Urban demand growth has been falling for five quarters, affecting key sectors like entry-level cars, fashion, and lifestyle products.

The Economic Times Google India's net profit rises over 6 pc in FY24

The tech company reported total expenses at Rs 4,184 crore in FY24, reflecting a 16 per cent increase from Rs 3,609.4 crore in FY23.

The Economic Times India's 7%+ FY25 growth target relies on robust investment, inflation control: EY report

Optimistic growth projections for India's GDP in FY25 hinge on robust government investment and effective inflation control. RBI maintains a cautious monetary stance amid rising inflation, impacting interest rate decisions. Despite anticipated private sector growth, government spending contraction poses a significant risk to sustaining economic momentum.

The Economic Times IMF sees India driving growth in Asia-Pacific region

India remains the world's fastest-growing economy with investment and private consumption driving growth, according to the IMF's latest Regional Economic Outlook for Asia-Pacific.

The Economic Times Financials and renewables are the next big bets, says Nilesh Shah

Nilesh Shah from Envision Capital believes consumer demand in India is growing thanks to aspirational spending, despite disruptions from new market entrants. He emphasizes the need for job creation, upskilling, and private capital expenditure, prominently investing in sectors like financials, renewables, and smaller IT firms with growth potential.

The Economic Times ADB lauds India's fossil fuel subsidy reforms

In its 'Asia-Pacific Climate Report', ADB said India gradually phased out the subsidy on petrol and diesel (from 2010 to 2014) and carried out incremental tax increases (from 2010 to 2017), which created fiscal space to increase government support for renewable energy, electric vehicles, and strengthening of electricity infrastructure.

The Economic Times Piyush Goyal urges global investors at FII to seize emerging opportunities in India

In recent years, many bilateral agreements have been formalised between India and Saudi Arabia, covering sectors such as food exports, pharmaceuticals, electrical interconnectivity, energy, small and medium enterprises, digitization and electronic manufacturing.

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