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The Economic Times
The Economic Times M&M, Tata Motors bag big PLI incentives; earn brownie points for their work in advanced auto tech
The PLI scheme for the auto and auto components industry runs from 2023-24 to 2027-28, with payments scheduled between 2024-25 and 2028-29. It offers incentives ranging from 8 per cent to 18per cent for components related to electric vehicles, hydrogen fuel cells, and other advanced technologies.
The Economic Times Sebi rejects Zee, Punit Goenka's settlement applications, orders further probe
The Securities and Exchange Board of India (SEBI) has dismissed settlement applications filed by Zee Entertainment and Punit Goenka. The regulator has referred the matter for further investigation, subsuming the allegations of the show cause notices with the ongoing investigation.
The Economic Times ED questions Religare chair Rashmi Saluja in money laundering case
The Enforcement Directorate (ED) has questioned Religare Enterprises executive chairperson Rashmi Saluja regarding a money laundering case. Saluja, along with other executives, is alleged to have misappropriated company funds and to have influenced the filing of false FIRs. The investigation continues, with Saluja denying all charges.
The Economic Times Budget 2025: Central schemes may not see change in allocation for FY26
Union Budget 2025: The government is expected to keep the allocation for centrally sponsored schemes in 2025-26 at around ₹5.05 lakh crore. Efficiency improvements and stricter monitoring helped save ₹30,000 crore in the current fiscal and a transition to a single nodal agency is enabling better fund utilization.
The Economic Times Family trusts face new limits: Cousins & non-relatives no longer eligible as 'beneficiaries'
The recent tribunal ruling mandates that family trusts cannot add non-relatives as beneficiaries without facing tax implications. The decision affects the flexibility of trusts in succession planning, emphasizing that partnership interests qualify as shares and are taxable under section 56(2)(x).
The Economic Times Govt capex remains subdued; FY25 target likely to be missed
The Ministry of Road Transport & Highways and the Ministry of Railways reported moderate progress, utilising 54% and 67% of their annual allocations, respectively. However, the Ministry of Defence’s capital outlay reached only 41% of the FY25 budget estimate, compared to 53% during the same period last year.
The Economic Times High Hopes on Rural Economy in 2025
The challenges faced by rural India are multifaceted. From unemployment to reskilling, maintaining the soil quality to dealing with the weather, the list of pain points for rural people is just increasing day by day. Currently, unemployment is the biggest worry, as many of them cannot move to urban areas for jobs, because wages do not cover living expenses in the cities.
The Economic Times Private capex revival still not on horizon, says RBI survey
More than half of respondents in the RBI's Systemic Risk Survey do not expect private capital expenditure to revive in the next year. This contrasts with the RBI's forecast of economic growth revival. Respondents also cited concerns over global uncertainties and domestic issues like inflation and growth. Nonetheless, the financial sector outlook remains positive.
The Economic Times Job creation gathers further momentum in 2024-25
While a massive 4.67 crore additional jobs were created in the Indian economy in the financial year ended March 2024, the fast pace of employment generation has continued into 2024-25 in both the formal and informal sectors, official data shows.
The Economic Times High interest rates, declining export finance impacting exporters' competitiveness: CII's Budhia
Budhia suggested the government extend the interest equalisation scheme, which ended on December 31, 2024, for three years for all manufacturing exporters, including MSMEs (micro, small and medium enterprises).
The Economic Times Sitharaman meets financial-capital market stakeholders ahead of Budget 2025
Finance Minister Nirmala Sitharaman on Thursday met stakeholders from the financial sector and capital markets as part of her series pre-Budget consultations.
The Economic Times Mukesh Ambani said to be finalising mammoth Rs 40,000 crore IPO of Reliance Jio: Report
Billionaire Mukesh Ambani is preparing for Reliance Jio’s IPO, expected to raise Rs 35,000-40,000 crore, marking one of the largest IPOs in Indian history. Valued at $120 billion, the IPO is set for the second half of 2025. It will include both existing and new shares, along with a pre-IPO placement for select investors. Official confirmation is pending.
The Economic Times Ambuja Cements-Adani merger receives no objection letter from stock exchanges
Ambuja Cements Ltd has received an observation letter with 'no objection' from the National Stock Exchange (NSE) and 'no adverse observations' from Bombay Stock Exchange (BSE) with regards to merger with Adani Cementation Ltd.
The Economic Times Employment increases 36 pc to 64.33 cr in last ten years: Mansukh Mandaviya
Union Labour Minister Mansukh Mandaviya announced a 36 per cent increase in employment in India from 47.15 crore in 2014-15 to 64.33 crore in 2023-24. He stated that the Modi government created 17.19 crore jobs between 2014-24, while the UPA government only created 2.9 crore jobs between 2004-14. Employment in various sectors also saw significant growth.
The Economic Times SANY India expands manufacturing facility in Pune to boost production and localisation
The expanded facility has an annual production capacity of over 14,000 units and a fabrication capacity exceeding 100,000 metric tons per year.
