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The Economic Times
The Economic Times Mother Dairy to market co-operative society NCOL's organic products in Delhi-NCR
Mother Dairy signed an agreement with National Cooperative Organics Ltd to distribute Bharat Organics products in Delhi-NCR. The products include organic atta and sweeteners and Mother Dairy will use its network to offer these products. The collaboration aims to provide premium organic products to consumers at affordable prices while supporting organic farmers.
The Economic Times Lectrix EV looks to raise USD 100 mn to fund future growth
Lectrix EV, the e-mobility arm of SAR Group, is planning to raise around USD 100 million from external sources next year to fund its growth. The company has invested around Rs 300 crore from internal accruals so far. They will use the raised capital to enhance the dealership network and set up swapping infrastructure in about 100 cities.
The Economic Times IPO market faces subscription decline amid weak market conditions: Report
The Indian IPO market has seen reduced subscription rates due to weak market conditions and poor listing performances. Among 54 IPOs in FY2024, 38 remain above initial offering prices. Despite some positive long-term trends, investor caution persists, emphasizing the need for robust fundamentals and strategic market timing.
The Economic Times India's power consumption up 5 per cent in Nov
India's power consumption increased by 5.14 per cent to 125.44 billion units in November this year from 119.30 billion units in the same month last year, according to official figures.
The Economic Times Agrileaf secures INR 16 crore in growth funding led by Capital-A and Samarsh Capital
The round also saw participation from angel investors including Shaji Devekar, Siddharth Bafna, Co-founder of The Nutcracker, Family office of Ved Prakash, Pritie Jain of Bling Mushrooms, Sumeet Bhalotia, Director at Vario Lounge, Dhruv Taneja, Founder - Matchlog and Chiranth Patil- Beta Plus.
The Economic Times ICAI Elections 2024: Veteran chartered accountants call for tech-driven voting, term limits, youth diversity, and canvassing ban
Experts including Ashok Haldia, Amarjit Chopra, and Shiva Kumar highlight the urgent need for modernisation, elimination of undue influence, and the promotion of diversity and merit. Here is what they had to say:
The Economic Times India's industrial & logistics construction to exceed 60 million square feet: Report
India's rapid urbanisation, robust infrastructure development, and economic growth have collectively driven significant demand, boosting construction activity in the industrial and logistics sector and supply, which is projected to surpass 60 million square feet annually over the next 3-4 years, a report said on Tuesday.
The Economic Times Japanese firms keen to set up semiconductor units in India: Deloitte
Japanese firms are eager to establish semiconductor units in India, bringing expertise and specialization. India aims to have 10 semiconductor plants in 10 years. Successful partnerships between Indian and Japanese firms, along with government support, are essential for the sector's growth and resilience of the global supply chain.
The Economic Times India's GDP growth aim for FY25 further slashed to 6.3% by Morgan Stanley
Morgan Stanley has reduced India's GDP growth estimate to 6.3% for this fiscal year. The slowdown was observed in the July-September quarter with GDP growth at 5.4%. However, recovery is anticipated in the second half of FY25, driven by government spending and improvements in rural demand. The Reserve Bank of India is expected to keep interest rates unchanged.
The Economic Times Bumble’s CFO Anu Subramanium to step down in March
Bumble CFO, Anu Subramanium has decided to step down from her position to explore new opportunities. Her departure follows a period of significant restructuring within the company earlier this year.
The Economic Times Aayush Wellness shares on FII radar after delivering 5,280 Per cent returns in a year
New Delhi [India], Mauritius-based global investment firm, Nexpact Limited, has acquired a stake in leading health-focused consumer products company, Aayush Wellness Limited (BSE: 539528), which has delivered multi-bagger returns to investors over the past year.
The Economic Times Speculation over RBI chief Shaktikanta Das' future heats up after GDP miss
Economists are speculating over the future of Das in the wake of data showing the South Asian economy expanded 5.4% from July to September, a seven-quarter low and far below the Reserve Bank of India’s 7% projection.
The Economic Times Rupee emerges as one of Asia's best-performing currencies
Despite geopolitical tensions in the Middle East and a strong USD, the Indian Rupee remains one of the best-performing Asian currencies. Finance Minister Pankaj Chaudhary attributes this resilience to India's robust economic fundamentals. Global events and market factors continue to influence the INR-USD exchange rate.
The Economic Times Smartworks receives SEBI approval for IPO
Smartworks, a flexible workspace provider, has received SEBI approval for its IPO. The company operates in 13 cities in India and has expanded to Singapore. Keppel Ltd. is a major investor in Smartworks, having invested $29 million.
The Economic Times Aramco acquires 10% stake in Horse Powertrain to advance low-emission mobility solutions
Renault Group and Geely each retain 45% ownership of Horse Powertrain. Aramco's involvement seeks to leverage its research and development expertise and explore innovative approaches to reduce transport emissions, including alternative fuels and efficient engine technologies.
