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The Economic Times
The Economic Times Frame standard protocol for vehicle seizure in case of loan default: RBI to Banks
The Reserve Bank of India and banks are developing a standard procedure for vehicle seizures when borrowers default on loans. This initiative follows reports of forceful vehicle seizures, including cargo. Banks are internally advising recovery teams to adhere to RBI guidelines. The government emphasizes that borrowers should not face harassment during loan recovery.
The Economic Times Curb your debts to prepare for the next pandemic, Raghuram Rajan tells US
Former RBI Governor Raghuram Rajan has warned against high public debt. He says countries like the US are vulnerable to future crises. Rajan suggests reducing debt to create a buffer. He spoke at the Bancor prize award ceremony in Rome. He also advocated for reforming global institutions and increasing trade.
The Economic Times Creating jobs in manufacturing in the US and India is a study in contrast
Trump and Modi are focusing on manufacturing to boost their economies. However, historical trends suggest that this approach is likely to fail in developed countries like the US. While India has potential in this sector, its progress is hindered by rigid labor laws and excessive holidays, making its workforce less competitive.
The Economic Times ETCFO NextGen: India Inc CFOs, business leaders and experts to deliberate on future of finance
What kind of difference NextGen can make in a CFO's dashboard? Since this question is top on the list of the CFO community, ETCFO is launching its first edition of NextGen conclave. Shiv Shivakumar, former India Chief of Pepsico and Nokia and management thinker, leading CFOs of India Inc and industry experts will participate in the first ETCFO NextGen event on Thursday in Mumbai.
The Economic Times Indian coffee chain Blue Tokai targets three-fold revenue before deciding on IPO
Indian coffee chain Blue Tokai is brewing ambitious plans for expansion. Aiming to triple its revenue by 2027, the company plans to expand its café network to 350 locations within the next three years. While an IPO is a potential future step, Blue Tokai remains focused on organic growth and capitalizing on India's burgeoning coffee culture.
The Economic Times Emerging India Focus Funds settles case with Sebi
Emerging India Focus Funds, an FPI, settled with SEBI for allegedly violating FPI rules. They paid Rs 64.35 lakh for non-compliance with the 'fit and proper' criteria after their controlling shareholder's license was revoked. The violation occurred between October 2022 and April 2023, and a show cause notice was issued in February 2024.
The Economic Times 20.58 lakh new employees enrolled under ESI scheme in Sept as jobs rise in formal sector
As many as 20.58 lakh new employees were enrolled under the Employees' State Insurance Corporation (ESIC) scheme during September this year, reflecting the higher number of jobs being created in the organised sector of the Indian economy, according to data released by the Ministry of Labour and Employment on Tuesday.
The Economic Times Hesa join hands with Ubuntu Consortium in presence of Karnataka CM; launches marketplace app
The app will help women entrepreneurs grow their businesses. It will connect them with a wider market. The app will also provide access to technology and support. Hesa is a platform that helps rural businesses grow.
The Economic Times GST on batteries, charging infrastructure should be brought down to 5 pc to lower costs for consumers: Kinetic Green founder
Sulajja Firodia Motwani, Chair of FICCI's Electric Vehicle Committee, urged the Indian government to reduce the GST on EV batteries and charging infrastructure from 18% to 5%, aligning it with EVs. This move aims to enhance affordability, address manufacturer challenges, and accelerate India's transition towards e-mobility.
The Economic Times Saatvik Green Energy files draft papers with Sebi to raise Rs 1,150 crore via IPO
At present, promoters hold over 90% stake in the company.
The Economic Times India to lead global Open Finance adoption, contribute 47% of users by 2030: GoFar Report
India's user base is projected to rise from 90 million in 2024 to 479 million by 2030, a fivefold increase over six years.
The Economic Times India's Taj Hotels parent plans $592.5 million capex over five years, shares jump
Indian Hotels Co. Ltd (IHCL), aiming to double its hotel count and revenue, announced a $592.5 million investment plan over the next five years. This initiative targets a consolidated revenue exceeding $1.78 billion and an expanded portfolio of over 700 hotels by 2030.
The Economic Times Economy likely to grow 6.7% in FY25 due to weaker Q2 performance: Report
Food prices are likely to moderate in the next 12 months, global commodity price volatility, driven by trade/tariff policies, could introduce uncertainty. As a result, average inflation will be around 4.3% in 2026-27, lower than 4.9% in 2024-25, the report said.
The Economic Times Zomato expects food delivery business to grow 30% annually over 5 years, exec says
Zomato's food delivery business accounts for about 58% of its topline with the gross order value - encompassing food price, platform fees and delivery charges - at 322.24 billion rupees ($3.82 billion) last fiscal year, marking an average annual growth of 30% over the last four years.
The Economic Times ASSOCHAM proposes simplified TDS rates and tax reforms in pre-budget 2025-26 recommendations
ASSOCHAM, in its pre-Budget 2025-26 recommendations, proposed for simplified TDS rates, decriminalisation of certain defaults, and enhanced tax neutrality for business reorganisations. The industry body seeks reforms to ease compliance, reduce litigation, and foster investment, urging a streamlined tax framework to support India's economic growth.
