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The Economic Times
The Economic Times India well positioned to more than fend for itself: Anand Mahindra
Anand Mahindra emphasizes that India, leveraging its political stability and military strength, can capitalize on evolving global alliances to enhance its economic potential and integrate further into the global supply chain. Mahindra Group sees significant growth opportunities, highlighted by achievements in the automotive sector, particularly with premium electric vehicle launches.
The Economic Times Core sector output rises to 4-mth high of 4.3% in Nov
India's core sector output grew by 4.3% in November, a four-month high, up from 3.7% in October. This growth reflects the fading impact of heavy rainfall earlier. Cement led with 13% growth. Coal, steel, electricity, refinery products, and fertilizers also saw positive growth. However, crude oil and natural gas declined.
The Economic Times Gen-AI industry to have 1 million new job opportunities by 2028, contribute significantly to GDP: Report
The Indian IT and tech ecosystem witnessed a 17 per cent surge in new employment opportunities, driven by rapid digital transformation and the concurrent rising demand for emerging tech niche job profiles.
The Economic Times India may face challenges in achieving good scores on some parameters in WB's B-Ready report: GTRI
The report assesses the regulatory framework and public services directed at firms, and the efficiency with which regulatory framework and public services are combined in practice.
The Economic Times Emerging technologies to drive job growth in 2025: Report
The Indian IT sector is set for significant growth, with emerging technologies driving a 20% increase in new jobs by 2025. Roles in AI, cybersecurity, and other tech fields are in high demand. Upskilling and the gig economy are key trends shaping the future workforce.
The Economic Times ILO agrees to reassess India's social protection
The International Labour Organisation will reassess India's social protection coverage to include in-kind benefits such as free ration and state-level schemes. This could increase coverage to over 57% from the current 48.8%. The Indian labour ministry is working with the ILO and gathering necessary data for this reassessment.
The Economic Times Rupee plunges nearly 3% in 2024, from 83.24 to record low of 85.59/$
Throughout the year, the US dollar strengthened against most major currencies. It gained 11.1% versus the Japanese yen, 3.1% against the South African rand, 27% versus the Brazilian real, 22% against the Mexican peso, 13.7% versus the Korean won, 4.5% against the Indonesian rupiah, 4.7% versus the Philippine peso, 3.27% against the Singapore dollar, and 6.7% versus the Taiwanese dollar.
The Economic Times India Budget: As we enter 2025, a lot is riding on Sitharaman's Feb 1 budget
Union Budget 2025: India's economy in 2025 hinges on the Union Budget, presented by Finance Minister Nirmala Sitharaman, to address slowing growth, high inflation, and faltering private consumption. The budget aims to cut income tax, boost infrastructure spending, and maintain capital expenditure momentum, targeting economic revival.
The Economic Times How Indian companies say aye to AI
As 2024 ends, ET engages top Indian corporate leaders to share insights on their use of AI tools in personal and professional spheres. Reflecting on AI's rapid growth since ChatGPT's 2022 launch, they discuss its impact on businesses and everyday life, highlighting AI's growing influence across industries.
The Economic Times IFC, ADB, DEC get CCI's clearance to acquire stake in Fourth Partner Energy
CCI has approved the acquisition of certain shareholding in Fourth Partner Energy by IFC, ADB, and DEG to support its expansion in renewable energy. Additionally, CCI cleared Mars Inc's $35.9 billion acquisition of Kellanova, a leader in global snacking and frozen foods, to enhance its product offerings.
The Economic Times GST cess may fall short of Rs 1.37 lakh crore for states compensation
The GST compensation cess fund might have a ₹1.37 lakh crore shortfall by March 31 due to ₹50,000 crore interest on Covid loans. An additional ₹13,000 crore compensation may be required after reconciling audited accounts. The Centre is confident cess collections until March 31, 2026, will address this shortfall.
The Economic Times Centre to mediate high state taxes stifling mining operations
The Centre intends to consult with states to curb excessive taxation on mining operations, addressing concerns from the sector. This follows a Supreme Court ruling allowing states to impose additional taxes, as seen with Karnataka's new levies. The meeting will focus on high taxation, mining lease delays, and improving mining operations.
The Economic Times IBC turns lifeline for hospitals: Investors snap up distressed healthcare firms
Despite the potential risks of lengthy litigation and financial and operational issues, assets facing bankruptcy proceedings are much cheaper in a market where hospital properties command premium valuations — an enterprise value (EV) of more than 25 times the Ebitda on an average. The average valuation of listed hospitals is around 27 times.
The Economic Times Quick commerce companies quizzed by government over FDI, operating model
Senior executives from Blinkit, Swiggy Instamart, Zepto, and Bigbasket met with Indian government officials. They discussed warehouse ownership, compliance with FDI norms, and the impact on kirana stores. The officials expressed concerns about delivery safety and competition for small shops. Representatives argued their services supplement demand. Quick commerce firms are growing rapidly and raising capital.
The Economic Times Taxman disposes of 240,000 grievance cases
The Income tax department disposed of 2,40,000 grievance cases during 2024, including 1,75,000 through the E-nivaran platform.
