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The Economic Times
The Economic Times Year Ender: NSDC aims to skill 1 lakh youth in AI, drones and cloud computing by 2025-end
The Skill India Digital Hub (SIDH) set up by the National Skill Development Corporation (NSDC) has emerged as an integral centre for courses in AI, drone technology, data science, and cloud computing with a mission to take the number of learners up to 1 lakh by the end of 2025, said an official statement on Tuesday.
The Economic Times Economic revival or mirage? RBI Governor Malhotra makes growth predictions for first time
India’s economic growth is expected to revive in 2025, as noted by RBI Governor Sanjay Malhotra. Strong consumer and business confidence, higher investment, and easing inflation are anticipated to drive this growth. Public investment will also pick up pace, potentially boosting private sector investments. The financial sector remains strong and resilient.
The Economic Times Streamline taxation, bolster manufacturing in Union Budget: PHDCCI
This increased demand encourages business expansion, driving economic growth. Additionally, the reduction in tax burdens can help mitigate inflationary pressures too, Jain said during the industry interaction with Finance Minister Nirmala Sitharaman here.
The Economic Times Gujarat tax notice prompts Bajaj Electricals to pay ₹284
Bajaj Electricals chooses not to contest the tax demand and penalty issued by the Gujarat Government on August 2, 2024, for ₹218. The decision follows certain suppliers' failure to pay corresponding taxes. The company opts to settle the demand and penalty voluntarily before any formal order is issued.
The Economic Times Electric scooter maker Ather Energy receives Sebi nod for IPO
With this, the Hero MotoCorp-backed company will become the second EV maker in India to go public, after Bhavish Aggarwal-led Ola Electric. The IPO includes a fresh issue of equity shares worth up to INR 3,100 crore and an OFS of up to 2.2 crore equity shares by existing shareholders.
The Economic Times Small language models set to be the next big thing in AI
Like large language models (LLMs), SLMs can generate human-like language but are trained on smaller datasets with fewer parameters. They are said to be easier to train and use, consuming less computational power, more cost-effective, and better suited for specific tasks.
The Economic Times Premium real estate companies to play out well in 2025; look at FMCG stocks from next quarter or so: Deven Choksey
Commodity-related businesses and the finance sector are expected to do well with potential rate reductions in the next six to eight quarters. India's growth program will positively impact real estate. The stock market outlook is positive. The performance of large-cap companies and FMCG sectors may improve. Pharma and real estate industries show growth potential.
The Economic Times Zomato shares in focus after Magicpin plans to go public in 2025
Magicpin, supported by Zomato, aims to go public in 2025. The company will enter the quick commerce segment for food delivery under the magicNow brand in several cities. Magicpin successfully completed 75,000 deliveries during its pilot phase. Zomato shares increased by 4.3%, reaching a market capitalization of Rs 2,71,753 crore.
The Economic Times Companies grapple with costs, complexity of overlapping cybersecurity laws
Additionally, there are the overarching mandates under the Digital Personal Data Personal (DPDP) Act, with its Rules around the corner, which not only holds organisations accountable for data security but also could penalise them with hefty fines.
The Economic Times India's digital capital increased entrepreneurship, business income: World Bank
The World Bank's latest assessment highlights India's digital advancement as a key factor driving entrepreneurship, income generation, and social advancement. The report emphasizes the role of digital technologies in benefiting small vendors and economically underdeveloped regions. It acknowledges Nandan Nilekani's contribution in establishing Aadhaar and recognises the vital role of India's IT sector, including TCS and Infosys.
The Economic Times Hindalco Industries faces Rs 47.74 lakh penalty from GST authorities
Hindalco Industries received a fine and penalty totaling Rs 47,74,752 from the Deputy Commissioner of Central GST, Ranchi, over disallowed transitional Cenvat Credits. The company plans to appeal, believing they have a strong case. The order, dated December 16, 2024, was received on December 26, 2024, and disclosed per SEBI regulations.
The Economic Times India launches pilot project for skills training of girls to boost their presence in labour force
India launches door-to-door mobilisation drive to train 3,800 adolescent girls in 27 districts across 19 states in skills like IT and hospitality, aiming to increase female workforce participation and economic growth. The project offers incentives and holistic development, targeting early workforce entry.
The Economic Times Rise in household debt because number of borrowers rose: RBI
India's household debt is increasing, driven primarily by rising borrower numbers rather than higher average indebtedness. The Reserve Bank of India highlights this growth is particularly among subprime borrowers using loans for consumption and super-prime borrowers leveraging debt for asset creation. Rising debt among high-rated borrowers is considered financially stabilising.
The Economic Times Rise in rural demand, urban wages likely to spur consumption; but will geopolitics oblige?
The Indian economy is expected to see strong growth next year, contingent on improved consumption, investment, lower inflation, and interest rates, along with a stable geopolitical environment. Significant factors include a revival in rural and urban demand, boosted public investment, and potential impacts from US trade policies.
The Economic Times Wrap 2024: Digital transformation, agility, and strategic leadership transformed the CFO community, say finance leaders
As 2024 comes to a close, CFOs reflect on a transformative year, where digital agility, strategic leadership, and resilience were key. Facing economic uncertainty and disruption, CFOs evolved into drivers of growth, innovation, and long-term success, reshaping the corporate landscape.
