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The Economic Times
The Economic Times JSW group in talks with Chinese biggies to charge up its EV drive
JSW Group is exploring collaborations with Chinese companies like Geely and BYD to launch electric cars and e-trucks under its own brand by 2025. It plans to invest ₹27,200 crore in Maharashtra to produce 500,000 electric cars and 100,000 commercial vehicles annually, with operations under JSW Green Mobility.
The Economic Times Blackstone, Carlyle and other PEs submit bids to unlock Access' majority stake
Several global private equity funds, including Blackstone and Carlyle, have expressed interest in acquiring a majority stake in Access Healthcare. The company, specializing in revenue cycle management services, is expected to be valued at $1.4-1.5 billion. Access Healthcare, founded by Anurag Jain, employs 27,000 people globally.
The Economic Times Trump backs Musk on H-1B visas amid MAGA backlash
US President-elect Donald Trump expresses support for H-1B visas, highlighting his use of the program at Trump properties. Elon Musk defends the visa, emphasizing its necessity for sourcing top engineering talent. Critics, including Laura Loomer, argue it prioritizes foreign workers over American jobs.
The Economic Times For 2025, government presses enter for laptop imports
Additional import approvals may be issued if demand exceeds the currently approved inventory and local production targets may be cut if demand does not pick up, two executives said. Free imports of laptops and tablets were allowed in calendar 2024 after plans for import control through a licensing regime were deferred.
The Economic Times GST Outlook 2025: Tribunals, easing compliance, rate rationalisation expected in New Year
Experts expect GST reforms in 2025 to address inefficiencies and streamline processes through specific measures, including a simplified three-slab rate structure, operationalising robust tribunals for faster dispute resolution, and fostering trust with a responsible tax administration that focuses on merit-based notices instead of revenue-driven actions. Read here:
The Economic Times India's electronics sector eyes major growth, with 12 million jobs projected by 2027
India's electronics industry aims for USD 500 billion in manufacturing output by 2030, necessitating a fivefold expansion and generating 12 million jobs by 2027. Overcoming a significant talent gap is critical, with focused skilling programs, industry-academia partnerships, and policy support playing essential roles.
The Economic Times Investment strategies for 2025: Navigating tech startups in India
India’s startup ecosystem grew at a sustainable rate in 2024 (barring a few outliers) and this growth is expected to continue in 2025, supported by the $2.5Bn raised in 2024 by new and existing VC Funds.
The Economic Times Zydus Wellness arm gets Rs 56.33 cr GST demand
Zydus Wellness Ltd's subsidiary received a GST demand of Rs 56.33 crore from the tax authority related to intellectual property rights acquisition involving Heinz Italia S.P.A. The period in question is before January 30, 2019. The company believes there's a strong merit in its favor and is evaluating the next steps. No impact on financial or operational activities is expected.
The Economic Times India household spending on non-food items rises as urban-rural gap narrows
India household spending on non-food items rises as urban-rural gap narrows. The Household Consumption Expenditure Survey for 2023/24, conducted from August 2023 to July 2024, showed non-food items accounted for about 53% of per capita spending in rural areas, up from about 47% in 2011/12, and 60% in urban areas, up from about 57%. The shift in spending patterns is expected to lead to a decrease in the weighting of food items in the consumer price index (CPI), which is used by the central bank to frame monetary policy.
The Economic Times Indian smartphone market poised for 6 pc growth in 2025 amid PLI push
The Indian smartphone market is poised for significant growth in 2025, with a projected 6 per cent increase (year-on-year) driven by improving consumer sentiment and government initiatives aimed at reducing unemployment, industry experts said on Friday.
The Economic Times DPIIT signs MoU with ‘boAt’ to foster innovation, provide tailored support to recognised startups
This endeavour will be instrumental in equipping our startups with the best expertise and enormous resources to raise the bar of efficiency while contributing to India’s vision of becoming a hub for world-class manufacturing and entrepreneurship.
The Economic Times MeitY in 2024: A landmark year for semiconductor manufacturing, AI leadership
Under the Semicon India Programme, the government approved four semiconductor manufacturing units, attracting investments totaling ₹1,29,537 crore.
The Economic Times India's IPO market set for record growth in 2025 too: Report
India's IPO market reached an impressive milestone in 2024, with proceeds doubling to USD 11.2 billion from 2023's USD 5.5 billion, driven by increased retail participation and domestic inflows. The government's focus on infrastructure and capital expenditure further contributed to India's market dynamism.
The Economic Times FMCG companies back premiumisation to revive urban market in 2025
Urban demand in the FMCG sector is expected to recover by mid-2025. Companies are focusing on premium products to drive growth despite current inflation. Categories like liquid beauty products and instant coffee are gaining popularity. However, rising debt and lower disposable incomes in urban areas remain challenges. Policy measures might be needed to boost consumption.
The Economic Times 2024: A Turning Point for India’s Alcohol Beverage Industry
In 2024, India's alco-bev industry sees vital reforms aimed at boosting growth, as outlined by Richa Singh, CFO of Pernod Ricard India, in addressing regulatory changes and economic opportunities.
