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The Economic Times
The Economic Times Is the PLI scheme redefining Indian manufacturing?
The Indian government’s Production-Linked Incentive (PLI) Scheme is a targeted initiative to boost the country's manufacturing sector, attract foreign investments, and enhance India's competitiveness in global markets. Introduced in March 2020, it aims to create a robust domestic manufacturing ecosystem by offering financial incentives linked to incremental sales growth and local production.
The Economic Times Protean eGov Technologies and Alankit Limited settle ₹68.5 cr dispute
Protean eGov Technologies Limited and Alankit Limited have settled a financial dispute for ₹38.06 Crores, stemming from an initial claim of ₹68.5 Crores. The settlement includes ₹28.54 Crores as a counterclaim offset and ₹9.52 Crores received post-settlement. The Bombay High Court approved the withdrawal of the Commercial Arbitration Petition.
The Economic Times Expected decline in food prices in January could increase odds of rate cut in Feb: ICICI Bank
The Reserve Bank of India's Monetary Policy Committee may consider a rate cut in February if food inflation declines in January. Lower food prices could support economic growth, with some members advocating for easing rates. Meanwhile, the Indian rupee faces depreciation pressure due to a strong US dollar.
The Economic Times Government warns mobile users of RBI credit card call scam
A fraudulent call is impersonating the Reserve Bank of India, warning that bank accounts will be blocked due to alleged credit card fraud. PIB Fact Check confirms these voicemails are fake and advises people to ignore them and stay vigilant. Tips are provided to help users avoid falling victim to such scams.
The Economic Times Razorpay celebrates 10th anniversary with Rs 1 Lakh ESOP grant for every employee
Razorpay, a payment and banking platform for businesses, celebrates its 10th anniversary by granting Rs 1 Lakh in ESOPs to each current employee. This marks the latest in a series of ESOP buybacks, highlighting the company’s ongoing efforts to provide liquidity and reward employee contributions.
The Economic Times Govt weighs junking customs relief in 'Make in India' push
The exercise is also being carried in the backdrop of plans to increase India's share in global value chains.
The Economic Times Indian IT hiring: 2025 promises rebound; AI/data science roles to dominate job market
The Indian IT hiring sector is expected to recover in 2025 after a decline in 2024. The focus will be on specialised skills like AI and data science. Job opportunities in Tier 2 cities are rising. Companies are likely to invest in upskilling their workforce. Significant growth in job opportunities across various sectors is predicted.
The Economic Times Fund mobilisation by Indian companies surged 10 times over last ten years: Report
Fund mobilisation by Indian companies grew tenfold over the last ten years, rising from Rs 12,068 crore in 2014 to Rs 1.21 lakh crore in FY25. Increased household participation and higher market capitalization reflect a robust economy and strong investor confidence. Savings in shares and debentures have also significantly increased, indicating higher household contributions to the economy.
The Economic Times Infosys' former CFO Mohandas Pai calls out ‘biggest’ salary disparity in IT companies in India: Rs 3.2 lakh in 2011 to Rs 3.75 lakh in 2024
Mohandas Pai criticizes India's corporate sector for widening wage disparity. Executive salaries have surged while fresher salaries stagnated at a mere 15% increase over 13 years. Pai calls for fairer compensation, especially for entry-level and contract workers, citing continued profitability despite automation.
The Economic Times US consumer confidence deteriorates in December
US consumer confidence dropped unexpectedly in December, falling to 104.7 from 112.8 in November, as concerns about future business conditions grew. While consumer views on the labor market improved, their outlook on business conditions weakened, according to the Conference Board. Economists had forecast a rise to 113.3.
The Economic Times Gucci in Gwalior, Rolex in Nagpur: Luxury finds its way to India’s smaller cities
Luxury brands like Gucci and Louis Vuitton are witnessing increased sales in India's non-metro cities due to e-commerce and travel retail expansion. High-end consumption patterns are emerging in tier 2 and 3 locations like Ajmer, Surat, and Kochi, demonstrating rising affluence and spending capacity among consumers.
The Economic Times China's top TV company plans to buy 26% stake in Indian contract manufacturer Epack Durable's subsidiary
Hisense Group is planning to acquire up to 26% stake in Epack Durable's subsidiary for establishing a large appliance manufacturing facility in Andhra Pradesh. The deal follows India's encouragement for Chinese companies to partner locally, requiring multi-department clearance under FDI norms.
The Economic Times 2024 exposed the underbelly of India's Silicon Valley
Bengaluru, India's tech hub, faced a severe water crisis this summer due to a poor monsoon season and depleted groundwater. Residents relied on expensive water tankers, and fines were imposed for non-essential water use. The city's rapid, unplanned growth, including a 1,055% increase in built-up area, has led to a 70% decrease in water surface area, exacerbating the problem.
The Economic Times Coforge, Cigniti forge ahead with proposed merger
Coforge and Cigniti Technologies are progressing towards a merger, with EY and Axis Capital preparing terms for shareholder approval. Coforge plans to absorb Cigniti, with shareholders receiving Coforge shares based on a determined swap ratio. Coforge's market value has doubled recently, and the acquisition aims to leverage synergy in client locations.
The Economic Times Reliance Retail starts test launch of Shein labels on Ajio platform
Reliance Retail is testing sales of Shein's casual women's westernwear on its Ajio platform. Despite Shein's ban in 2020, a partnership allows sales to resume domestically, abiding by government regulations. Shein will rival brands like Zudio and Myntra in the lucrative, growing Indian fast fashion market.
