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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.

The Economic Times Can ICAI set quality rules for audit firms?

ICAI's stance in a disciplinary case appears conflicting with its recently released Standard on Quality Management (SQM) for audit firms. ICAI claims the Companies Act governs audit standards, while contending in court they lack jurisdiction over audit firms. NFRA pushes ICAI to align with global norms, aiming to clear regulatory ambiguities.

The Economic Times Netflix India sees double-digit growth in revenue, profit for FY24

Netflix India's net profit rose 49% to Rs 52 crore in the last fiscal year, driven by a growing subscriber base and content expansion. The company's gross turnover reached Rs 2,845 crore, while expenses increased but were offset by a rise in subscribers, propelled by new mobile plans and a crackdown on password sharing.

The Economic Times Nvidia to take Intel's spot on Dow Jones Industrial Average

Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI.

The Economic Times India's forex kitty at $684.8 bn, gold reserves go up

Amid persistent selling of shares in the stock market by foreign institutional investors (FII) and growing geopolitical tensions, India's foreign exchange reserves posted a $3.46 billion drop to stand at $684.8 billion in the week ended October 25, data released by the Reserve Bank of India (RBI) showed on Friday.

The Economic Times Sebi mulls measures to facilitate ease of doing biz for ESG Rating Providers

Markets regulator Sebi suggests changes to the framework for ESG Rating Providers, especially those using a subscriber-pays model. Sebi recommends exemption from disclosing ESG ratings to stock exchanges and sharing reports with subscribers and rated issuers simultaneously. The proposals aim to improve clarity and transparency in ESG ratings. Public comments on the proposals are invited until November 15.

The Economic Times ONGC ups capex at Rs 15,550 crore in Q2

Oil and Natural Gas Corporation has doubled its capital expenditure to ₹15,550 crore in the second quarter. ONGC has spent ₹23,550 crore in the first six months, moving closer to its annual capex target of ₹30,800 crore. State-run oil companies together spent around ₹67,000 crore in the first half of the fiscal year.

The Economic Times Maruti, Hyundai report muted domestic wholesales in October

Auto majors Maruti Suzuki India and Hyundai witnessed muted sales in October, with inventory adjustments affecting dispatches. Despite a drop in some segments, both companies reported record-breaking monthly figures. Mahindra, Toyota, and JSW MG saw notable growth, while Tata Motors experienced a slight dip. Two-wheeler brands Royal Enfield and TVS Motor recorded significant increases in sales.

The Economic Times Work demand under NREGS drops for 12th straight month in October

Work demand under the MGNREGS fell for the 12th consecutive month in October, reflecting strong economic activity and more remunerative job opportunities. Despite a slight uptick from September, overall requests for work are down year-on-year, indicating an upswing in the rural economy.

The Economic Times Record retail sales during festivals bring down inventory in car market

The festive season significantly boosted retail sales for automakers, with high demand for premium vehicles like Maruti Suzuki Baleno and Hyundai Creta. Maruti Suzuki and other major manufacturers posted record sales, reducing high inventories. The wedding season in November is expected to sustain this momentum.

The Economic Times The census job: Time to roll up your sleeves

Detailed caste enumeration, if undertaken in 2025, will provide data on group size, geographical distribution, gender composition, socio-economic status.

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