The Economic Times
The Economic Times Global steel sector struggling to generate profits, demand increasing in India: Tata Steel CEO
Narendran expressed concern over China's unfair competition, urging the Indian government to take steps to safeguard domestic industries. Despite these challenges, he assured that Tata Steel is well-positioned and profitable in India due to its competitiveness and the growing demand for steel.
The Economic Times Can Budget 2025 address India's unemployment woes?
India’s economic growth faces a major challenge with rising joblessness, threatening the nation's demographic dividend. Economists urge the government to focus on labor-intensive industries, vocational training, and MSME support in the upcoming budget to create jobs and sustain growth.
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 2025: What can the Indian business world expect?
As we step into 2025, seasoned finance expert Robin Banerjee provides a clear-eyed assessment of India's economic prospects. In this insightful piece, he navigates key trends and challenges, offering a balanced outlook on business, growth, and global influences.
The Economic Times Components manufacturing base for robust electronics ecosystem
India has set up a vision to achieve electronics production of $500 billion and 40% export by 2029-2030. A slew of policy measures has been initiated both in terms of fiscal and non-fiscal incentives and technology development.
The Economic Times ICEA bats for cut in duties on parts, components to spur electronics manufacturing
The India Cellular and Electronics Association (ICEA) is advocating for the reduction of duties on parts and components and a simplified tariff structure to enhance India's competitiveness. ICEA suggests eliminating the 2.5% duty on specific parts and inputs and restructuring tariffs into '3+1 slabs' to boost manufacturing and export potential.
The Economic Times B2B infra, AI and DPI plans are brewing at 2025-ready fintech
Heading into 2025, the fintech sector is expected to emphasise B2B infrastructure solutions, AI-driven compliance automation, and secured credit products. Despite a slowdown in consumer lending, venture investors are eyeing business lending and digital public infrastructure innovations, with AI increasing efficiency in compliance and fraud detection.
The Economic Times Education loan companies Credila, Avanse gear up for IPOs
Credila Financial Services and Avanse are set to launch IPOs, aiming to raise Rs 5,000 crore and Rs 3,500 crore respectively. Both companies are pioneers in the education loan sector, managing over Rs 60,000 crore in loans, addressing the increasing need for education financing in India.
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.