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The Economic Times 2024: A year of farewells, separation, failed union, M&As for corporate India

Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024. In between the cycle of quarterly results and the chase for growth amid dynamic market conditions, India's industry leaders reinforced their belief in the country as the best-placed nation in the world for future growth.

The Economic Times India's manufacturing PMI slows to 56.4 in December amid softening demand

India's manufacturing sector, though still in growth territory, showed signs of slowing momentum in December, with softening demand and moderating new orders. The HSBC final Manufacturing PMI indicates potential challenges ahead, suggesting a less optimistic outlook for early 2025.

The Economic Times Loan against gold on rise, RBI raised concerns over irregular practices involved in gold loans

The Gold loans in the country has registered strong growth recently says a report by Reserve Bank of India.

The Economic Times Domination of Dwarfs: Why India’s SMEs remain dwarfs? Exploring the economic puzzle?

India’s economic potential hinges on its ability to transform its vast base of small enterprises into dynamic, growth-oriented firms. By addressing the structural and policy barriers perpetuating the “dwarf” syndrome, India can unlock a new wave of inclusive and sustainable economic growth.

The Economic Times Steelmakers may cut down on Capex amid price slump

Steelmakers in India are expected to reduce their capital expenditure plans in 2025 due to declining steel prices, impacted by increased imports from China. This downturn has resulted in reduced profitability and cash flows, affecting expansion efforts as domestic steel consumption grows. Flat steel product prices are particularly hit, leading to cautious investment strategies.

The Economic Times MCA asks cost auditors to tap AI to better detect inefficiency

The corporate affairs ministry has directed cost auditors to focus on potential risk areas, assess cost inefficiencies' impact on financial health, and utilize AI to identify unnoticed patterns or anomalies. Cost records are essential for tax calculations, funding for government projects, and official subsidies and incentives.

The Economic Times Voucher transactions not liable to GST: CBIC

India's CBIC clarified transactions involving vouchers do not constitute supply of goods or services and are not liable to GST. GST will only apply to additional services such as marketing or commission-based distribution. Unredeemed vouchers are also not taxable. CBIC also issued clarifications on Input Tax Credit (ITC) for Ex-Works Contracts and e-commerce operators.

The Economic Times Tamil Nadu govt cancels smart meter tender awarded to Adani Energy Solutions

Tamil Nadu Power Distribution Corporation cancelled a global tender for smart meters due to high costs quoted by the lowest bidder, Adani Energy Solutions Ltd. This follows allegations of Adani Group's involvement in a USD 250 million bribery for solar contracts, which the company denies.

The Economic Times Hero MotoCorp gets additional tax demand of Rs 26.4 cr

Hero MotoCorp Ltd received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the assessment year 2020-21. The company is examining the order and may file an appeal. Hero MotoCorp believes the demand is unsustainable and unlikely to impact its financial performance or operations significantly.

The Economic Times Investors queue up for more quick commerce startups with special focus

Swish raising funds; former Dunzo executives have quick commerce plans, including enabler ‘Kuik’. Industry executives are of the view that while food and fashion are the big interest areas, pharmacy will soon emerge as a major quick commerce vertical.

The Economic Times FPIs bow to IPO allure, but walk out of secondary markets

Given the sustained flow of companies filing draft red herring prospectus (DRHPs) with the markets regulator as a part of the IPO launch process, the domestic primary market is likely to remain a major route of equity investment for foreign investors in 2025 as well.

The Economic Times Outlook 2025: India’s economic growth may face US policy, fiscal strain, monsoon headwinds, say experts

India’s economic outlook for 2025 is fraught with risks, as economists point to external challenges, including US policy shifts, and domestic issues like fiscal constraints, job creation, and monsoon performance that could significantly impact growth and stability.

The Economic Times GST collection grows 7.3% Y-o-Y in December at Rs 1.77 Lakh crore, but slips sequentially

GST collections for the month of December grew 7.3 per cent year-on-year at Rs 1.77 Lakh Crore witnessing a dip compared to Rs 1.82 Lakh Crore in November 2024. Maharashtra recorded the highest GST collections among all states, registering Rs 29,260 crore, a 9 per cent year-on-year increase compared to December 2023.

The Economic Times Reliance spends $13 billion on acquisitions in 5 years, focus on energy and technology

Reliance Industries Ltd has invested $13 billion in acquisitions over the past five years, shifting focus from oil to clean energy, telecom, retail, and media sectors. Recent acquisition Karkinos Healthcare boosts its digital healthcare presence. Major investments include Hathway Cable and REC Solar. RIL aims to enhance its healthcare services using advanced technology and extensive networks.

The Economic Times Surfing on wave of premiumisation, appliances industry expects 15 pc growth in 2025

The appliances and consumer electronics industry expects 10-15 per cent growth in 2025 on the back of premiumisation trend, which is driven by rising incomes, changing preferences towards energy-efficient, and connected products with innovative features such as AI and increasing desire for global quality products. The year 2024 was transformative for the industry, in which it bounced back despite challenges such as rising raw material costs, price hikes, and supply chain disruptions, and displayed resilience by embracing technology and innovation.

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