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The Economic Times
The Economic Times Labour reforms, social security for informal workers, transformative policies on cards in 2025
The government aims to implement labour codes by 2025 to boost social security for informal workers, focusing on gig and platform workers. By March 2025, all states and UTs will complete the harmonisation of draft rules. New policies will address gig workers' social security and improve EPFO and ESIC systems.
The Economic Times Big AI bets, demand reboot: Indian IT sector 'bytes' into 2025 with cautious optimism
As the Indian IT industry heads into 2025, expectations are high for improved tech spending and robust deal pipelines, driven by AI, cloud computing, and cybersecurity initiatives. Key factors include global economic stability and US trade policies, with IPOs and startup funding expected to increase, despite ongoing challenges and regulatory scrutiny.
The Economic Times Boosted by domestic consumption, India’s economy to achieve up to 7.3% growth in FY2026: Deloitte
The government’s continued focus on infrastructure development, digitisation, and attracting FDI will be an additional growth booster, enhancing overall efficiency.
The Economic Times Indian manufacturers see technology adoption as key to profitability, yet allocate less than 10% of budgets
Manufacturers in India recognise technology adoption as crucial for profitability and competitiveness, yet most investments are modest, below 10 per cent of budgets. However, in the next two years, investments are projected to increase to 11-15 per cent, especially in IoT, robotics, and Big Data. Challenges remain, particularly for SMEs, including high costs and the need for workforce upskilling.
The Economic Times India Inc to boost hiring by at least 10% next year vs 2024, estimates CIEL HR
Executives at firms like Colgate-Palmolive, DS Group, KPMG, Deloitte, Tata Steel, Tech Mahindra and Meesho are updeat on 2025. For most of these companies, overall hiring is likely to surpass the current year's levels, while for others, it will be in line with 2024. Companies are also likely to focus on upskilling the existing workforce.
The Economic Times Tata Group to create 5 lakh manufacturing jobs over next five years: N Chandrasekaran
Tata Group is planning to create over five lakh new manufacturing jobs in the next five years. These jobs will come from investments in factories to produce batteries, semiconductors, electric vehicles, solar equipment, and critical hardware. The group will also create jobs in services such as retail, tech, airlines, and hospitality.
The Economic Times PM Internship Scheme: 6.2 lakh applications received for 1.3L opportunities
"The selection process for internships is ongoing." Partner companies have posted about 1.27 lakh internship opportunities on the internship scheme portal.
The Economic Times India poised to benefit as Russia slashes export duty on peas, chickpeas, and lentils
Russia, the world's top pea exporter, has set a 5% export duty on peas, chickpeas, and lentils from January 1. This reduces the duty by 30% due to slowed exports and unsold volumes. The fixed duty aims to balance exports and local consumption.
The Economic Times AstraZeneca India recasts biopharma unit
AstraZeneca India has laid off over 125 employees in its biopharmaceutical business unit, including senior managers and sales executives. The job cuts are part of a strategic restructuring due to loss of patent exclusivity and competition from generic drugs. The company continues to focus on new patented drugs for specialized treatments.
The Economic Times EEPC India bats for 'faceless' GST audit system
"The faceless GST audit system, by using technology and ensuring anonymity, will reduce compliance costs. A faceless system will streamline procedures, allowing MSMEs to focus on growth and innovation," said Pankaj Chadha, chairman of EEPC India.
The Economic Times Private lenders face 25% attrition, RBI report warns
Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, released by the Reserve Bank of India (RBI), said. The total number of employees in private banks surpassed that of public sector banks (PSBs) during 2023-24, but attrition in private banks has risen sharply over the last three years, with an average attrition rate of around 25%, it noted.
The Economic Times Rupee plunges over 3% in 2024, volatility likely to remain high
The expected volatility is due to uncertainties from the incoming Donald Trump administration, along with the union budget and measures taken by the monetary policy committee (MPC) of the Reserve Bank of India in February.
The Economic Times ICAI can't notify audit quality norms, says SG Tushar Mehta
The ICAI is not authorized to issue standards on quality management or amend audit norms for accountancy firms. This responsibility lies with the government, as per the solicitor general's opinion. The dispute arose after ICAI issued new standards and audit changes, which NFRA considered illegal. The matter aligns with aligning domestic audit norms with global standards.
The Economic Times Former US president Jimmy Carter passes away at 100
Former US President Jimmy Carter, known for championing human rights and global peace, has died at 100. He served from 1977 to 1981 and was awarded the Nobel Peace Prize in 2002 for his humanitarian efforts. Carter was in hospice care and surrounded by family at his passing.
The Economic Times Venture Capital investments in India surge to $16.8 bn in January-November: Report
Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to the India Brand Equity Foundation (IBEF).
