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The Economic Times India charts new road to economic prosperity with record exports, FTAs: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal on Monday said that with record export figures and multiple free trade agreements (FTAs), India is charting a new road to economic prosperity.
The Economic Times India's business activity surges in June on strong demand, record export orders, PMI shows
India's private sector experienced a significant surge in activity during June, reaching a 14-month high driven by robust domestic and international demand. Manufacturing and services both saw accelerated growth, fueled by record export orders and increased hiring, particularly in the manufacturing sector. Despite this strong performance, business confidence dipped to a two-year low, reflecting tempered expectations among service providers.
The Economic Times Why stock market is falling today? Key factors behind 900-point Sensex crash, Nifty below 24,850
Indian markets traded lower, mirroring Asian peers, due to escalating Middle East tensions following U.S. airstrikes in Iran, which led to a surge in crude oil prices. IT stocks also faced pressure after Accenture's sell-off, further contributing to the market decline. Concerns over inflation and potential delays in Fed rate cuts added to the negative sentiment.
The Economic Times Property registration is not the same as property ownership, says SC: Know what it means for you
The Supreme Court ruling could spur greater due diligence by buyers and realtors, and slash fraudulent transactions, but potentially increase costs.
The Economic Times European auto companies fail to rev up sales in India
Renault, Volkswagen, and Skoda are facing challenges in India's automotive market, experiencing sales declines over the past three financial years. Their initial focus on sedans, slow product refreshes, and limited network reach, particularly in smaller cities, have hindered their growth. India's tax structure, favoring sub-4-meter vehicles, further disadvantages these European brands known for larger models.
The Economic Times Contract maker Zetwerk set to pump Rs 500–800 crore for component making
Zetwerk plans to invest Rs 500–800 crore in manufacturing printed circuit boards (PCBs), enclosures, and electromechanical components. Cofounder Rahul Sharma mentioned the company is preparing for the government's PLI scheme and has technology tie-ups with Taiwanese companies. Zetwerk is also exploring collaborations with South Korean and Chinese firms, pending government approvals, to enhance India's self-reliance in electronics manufacturing.
The Economic Times Iran threatens US bases in response to strikes on nuclear sites
Iran has threatened to target U.S. bases in the Middle East following major U.S. airstrikes that Washington claims severely damaged Iran's nuclear program. The strikes, which hit key nuclear sites including Fordo, Natanz, and Isfahan, sparked ongoing aerial exchanges between Iran and Israel. In response, Iran warned that any country hosting U.S. forces involved in the attacks would be considered a legitimate target.
The Economic Times FMCG companies roll out the red carpet for kiranas amid quick commerce boom
FMCG giants like ITC, Nestle, and Coca-Cola are renewing their focus on general trade distributors by offering premium products and improved margins. This strategic shift comes after a period where quick-commerce platforms gained traction, prompting concerns from traditional retailers. Companies are now investing in tools and programs to empower stockists, ensuring fair pricing and optimized returns on investment.
The Economic Times DGCA to kickstart inspection of Air India's main hub
India's civil aviation regulator, DGCA, will commence a comprehensive review of Air India's Gurugram base, focusing on aircraft airworthiness and crew training records. This inspection, part of the annual surveillance program, is not directly triggered by the recent Ahmedabad plane crash.
The Economic Times West Asia tensions may choke LPG supplies
Heightened tensions in West Asia pose a significant threat to India's LPG supply, with two-thirds of cooking gas sourced from the region. While petrol and diesel supplies are secure due to India's export capacity, limited LPG storage and import dependence create vulnerability. Policymakers are focused on vigilance and consumer protection amidst potential disruptions, with alternatives like electric cooking considered.
The Economic Times RBI ropes in banks to build Digital Payment Intelligence Platform
The proposed platform seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions.
The Economic Times Credit rating firms seek govt intervention over regulatory void on ₹1 L cr unlisted debt
Credit rating agencies are seeking clarity from the corporate affairs and finance ministries regarding the rating of over ₹1 lakh crore in unlisted securities, including corporate bonds and securitized papers. A regulatory gap exists between SEBI and RBI, creating uncertainty for CRAs.
The Economic Times SEBI bars 2 operators for cheating investors, orders them to return Rs 4.83 crore
The Securities and Exchange Board of India (SEBI) has barred two operators -- Shivprasad Pattiya and Alkesh Narware -- for three years, alleging that they fraudulently created artificial volume in illiquid stocks options and cheated investors, and directed them to return Rs 4.83 crore (with 12 per cent from February 1, 2022) within 45 days.
The Economic Times High courts not custodian of revenue department, says SC; stays Bombay HC order
The Supreme Court has overturned a Bombay High Court order that had stayed the refund of Rs 256.45 crore to a firm, asserting that High Courts are not revenue department custodians. The apex court criticized the High Court for issuing a stay after deeming the revenue department's appeal unmaintainable.
The Economic Times Gross direct tax collections rise by less than 5% amid concerns over corporate profit slump
India's gross direct tax collections saw a rise of under 5% reaching Rs 5,45,207 crore by June 19. Advance tax receipts showed a modest 3.9% increase. This raised concerns about slower corporate profit growth in the June quarter. Net direct tax collections dipped slightly by 1.4% to below Rs 4.6 lakh crore. Refunds surged by 58%, totaling Rs 58,385 crore.
The Economic Times FM Nirmala Sitharaman directs officials to improve GST registration, refund processes to boost India's competitiveness
Finance Minister Nirmala Sitharaman instructed tax officials to enhance GST registration. She also focused on faster refunds and grievance resolution. Sitharaman stressed reducing port dwell times for trade competitiveness. Speedy investigations and preventing tax evasion were also priorities. The minister urged easier GST registration via technology. She called for timely grievance redressal and filling vacant posts in CBIC.
The Economic Times Ride-hailing firms to seek GST clarity from tax regulator
Ola, Uber, and Rapido will approach CBIC regarding GST on their SaaS model following conflicting rulings from the Karnataka AAR. Some firms avoid tax on subscriptions, creating inequality. The subscription model helps bypass the 5% GST. A Karnataka High Court order asked CBIC to clarify its position. Tax experts foresee disputes amid uncertainty on tax rulings.
The Economic Times Oil hits five-month high after US attacks key Iranian nuclear sites
GLOBAL-OIL/ (UPDATE 1)UPDATE 1-Oil hits five-month high after US attacks key Iranian nuclear sites
The Economic Times Odisha removes HDFC Bank, ICICI Bank, and Axis Bank as authorised banks for govt businesses
The Odisha government has removed HDFC Bank, ICICI Bank, and Axis Bank from its list of empanelled banks due to their consistently poor performance in key government schemes and discouraging banking parameters. The state has directed its departments and organizations to close accounts with these banks and transfer balances to other empanelled institutions.
The Economic Times RBI-led initiative to curb digital frauds gains momentum, banks roped in to set up DPIP
To combat the surge in digital payment frauds, major Indian banks are collaborating with the RBI to develop the Digital Payment Intelligence Platform (DPIP). This Digital Public Infrastructure aims to enhance fraud risk management through real-time intelligence sharing, preventing fraudulent transactions. The RBI Innovation Hub is building a prototype, leveraging advanced technologies.
The Economic Times India safe from Strait of Hormuz closure due to diversified oil imports, says Hardeep Singh Puri
Hardeep Singh Puri assures citizens of stable energy supply. This comes as tensions rise in the Middle East. Iran's actions near the Strait of Hormuz raise concerns. India has diversified its oil import routes.
The Economic Times Oil stocks in focus as crude hits 5-month high after U.S. strikes Iranian nuclear sites
Oil and gas stocks may see movement. Crude oil prices increased after U.S. airstrikes on Iranian nuclear sites. Brent and WTI crude both rose sharply. This followed President Trump's announcement of strikes with Israeli forces. Concerns are rising about Middle East instability. Iran has promised retaliation. There are worries Iran might block the Strait of Hormuz.
The Economic Times From regulation to revolution: A roadmap to build Indian global accounting networks
India must move beyond regulatory tweaks to a comprehensive reform agenda. Dr. (CA) Ashok Haldia, former Secretary of ICAI, outlines how Indian accounting firms can become global players—through funding, capacity building, and policy parity—just as Indian start-ups have achieved international success in a short span.
The Economic Times Big Four, other global firms push back against draft ICAI rules
Global professional services firms are resisting ICAI's draft guidelines for overseas networks, citing excessive disclosure requirements and ambiguous terminology. These firms express concerns about confidentiality breaches and increased operational complexity. The proposed rules could hinder global accounting firms' operations in India and negatively impact smaller Indian firms reliant on international partnerships.
The Economic Times Indian aviation set to grow by 10% by FY2026, but financial losses likely to persist: ICRA report
India's aviation sector anticipates continued growth in FY2026, with domestic air passenger traffic projected to rise by 7–10%, reaching 175-181 million. Despite this surge and a 16.8% recovery above pre-pandemic levels, the industry is expected to face net losses of Rs 20,000–30,000 crore due to high operating costs, including aviation fuel prices and lease obligations.
The Economic Times CBDT scanner on Swiss accounts leading to higher tax declarations in revised ITRs
New Delhi, June 20 (IANS) The Central Board of Direct Taxes on Friday said that it regularly receives detailed financial data under global tax cooperation frameworks, including the Automatic Exchange of Information (AEOI) with over 100 jurisdictions, including Switzerland, which it uses to verify ITRs filed by Indian taxpayers.
The Economic Times FM asks officials to improve refund, registration of GST
Finance Minister Nirmala Sitharaman urged tax officials to enhance GST registration, refund processing, and grievance redressal mechanisms. She emphasized faster GST and customs refunds, reduced dwell times at ports, and speedy closure of investigations. Sitharaman also stressed preventing tax evasion, streamlining GST registration using technology, and resolving taxpayer grievances promptly.
The Economic Times Near-term impact of Iran Israel conflict on most Indian firms is expected to be limited, says Crisil
Crisil reports that India Inc's global trade remains largely unaffected by Middle East uncertainties, though sectors like basmati rice, fertilizers, and diamonds require monitoring. Rising crude oil prices, currently at $73-76 per barrel, pose a threat to India Inc's profits if tensions escalate and supply chains are disrupted.
The Economic Times No obstacle will remain in NSE IPO: Sebi Chairman Tuhin Kanta Pandey
Sebi Chairman Tuhin Kanta Pandey announced that the NSE IPO faces no remaining obstacles, though he refrained from providing a specific timeline. He clarified that the ownership structure of clearing corporations is not hindering the IPO. Pandey also mentioned NSE is resolving legal matters, involving payments and case withdrawals, while Sebi is proceeding cautiously with the 'T+0' settlement period.
The Economic Times redBus appoints Saurabh Agarwal as chief financial officer
In this leadership role, Agarwal will be responsible for the overall finance functions including finance ops, FPnA, risk and compliance, legal and taxation.
The Economic Times India's forex reserves increase to $698.95 billion
India's foreign exchange reserves shot up by another $2.29 billion to $698.95 billion for the week ended June 13, data released by the RBI on Friday showed.
The Economic Times India projected to be fourth largest electric car manufacturer by 2030, China to lead: Report
The New York-headquartered agency predicts India's electric car manufacturing capacity will outpace domestic demand by 11 lakh-21 lakh over the next five years. Targeting export markets will need “driving down costs” to compete with China, it said.
The Economic Times OYO-owned Innov8 sells 3% stake at Rs 1,000 crore valuation to expand co-working business
OYO-owned Innov8 sold a 3% stake at a Rs 1,000 crore valuation to expand its flexible workspace business. Raymond Family Office acquired nearly 2%. Founded in 2015, Innov8 has 30 centres across 10 cities, reporting a Rs 62 crore profit in 2023-24, and aims to reach 100 centres by year-end.
The Economic Times Sivasubramanian Ramann takes charge as PFRDA Chairperson: Finance Ministry
Sivasubramanian Ramann on Friday assumed charge as the Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA), according to a Finance Ministry statement.
The Economic Times India's economy showing strong signs of growth: Report
India's economic indicators are becoming more supportive of growth, according to the report released by Motilal Oswal Private Wealth (MOPW) on Friday.
The Economic Times Jefferies’ Chris Wood sounds alarm on India's $13 billion stock sale spree, rejigs portfolio
The veteran strategist's warning comes amid a surge in equity supply, which reached $7.2 billion in May and has already hit $6 billion in June — a rapid pace that could jeopardize the market's strong rebound since early April.
The Economic Times Valuation concerns return to Indian market, especially in Midcap stocks: Jefferies
The Indian stock market is once again facing concerns around high valuations, particularly in the midcap segment, according to a report by Jefferies.
The Economic Times Applied materials says Bengaluru chipmaking centre to rake in $2 billion
Another American chip equipment maker Lam Research will also be setting up two units in Karnataka: an advanced R&D lab with an investment of ₹6,790 crore, and a semiconductor silicon component manufacturing facility with an investment of ₹9,111 crore, creating 1400 jobs, delivering cutting-edge capabilities in 2nm technology and silicon ingot production.
The Economic Times Indian consumer durable companies likely to see moderate growth in this quarter: Goldman Sachs
Consumer durable companies in India are expected to report moderate growth in the first quarter of the financial year 2025-26 (April-June), according to a recent report by Goldman Sachs.
The Economic Times What impact will Sebi's new decisions have on startup listings in India?
In a significant move to bolster the startup ecosystem, the Securities and Exchange Board of India (Sebi) has introduced three pivotal measures. First, startup founders will now be allowed to retain previously issued employee stock options, providing them with greater flexibility.
The Economic Times Fresh exits at Krutrim as company ramps up work on AI models and semicon chips
Krutrim, Ola's AI arm, faces executive departures and some layoffs. Despite this, Krutrim continues AI semiconductor and model development. The company is testing its Bodhi chips and exploring manufacturing partnerships. Krutrim recently launched Kruti, an AI agent platform.
The Economic Times VCs love start-ups—But why are they turning away from MSMEs?
India’s MSME sector faces significant funding gaps; angel investors and VCs have a role to play, say experts.
The Economic Times CitiusTech appoints Navneet Khandelwal as Group CFO
CitiusTech has appointed Navneet Khandelwal as Group CFO, succeeding Prashant Mahagaonkar. Navneet brings nearly 25 years of experience in IT services, with leadership roles at Wipro, ITC Infotech, Microland, and Zensar Technologies. He will oversee the company’s global finance, legal, and compliance functions.
The Economic Times ICAI panel may wrap up review of IndusInd, Gensol books in 6 months
While Gensol is facing allegations of fraud, the crisis at IndusInd Bank pertains to discrepancies in its forex derivative portfolio.
The Economic Times Big Four, other global firms push back against draft ICAI rules
Global professional services firms are resisting ICAI's draft guidelines for overseas networks, citing excessive disclosure requirements and ambiguous terminology. These firms express concerns about confidentiality breaches and increased operational complexity. The proposed rules could hinder global accounting firms' operations in India and negatively impact smaller Indian firms reliant on international partnerships.
The Economic Times Vedanta contributed Rs 4.5 lakh cr to govt in last 10 yrs, Rs 55,349 cr in FY25
Vedanta Ltd, led by Anil Agarwal, has contributed significantly to the government exchequer, amounting to Rs 4.5 lakh crore over the past decade. In FY25 alone, the company contributed Rs 55,349 crore through various payments, with substantial contributions from its Rajasthan and Odisha operations. This commitment is highlighted in its annual Tax Transparency Report.
The Economic Times Would you cheat on your tax? It's a risky move, tax office knows a lot about you
Australians are preparing to file their tax returns. The Australian Taxation Office (ATO) pre-fills income information. Taxpayers should verify accuracy and report all income sources. Deductions require proof and must relate to income. The ATO will focus on work-from-home, vehicle, and rental property expenses in 2025. Cryptocurrency transactions and gig economy income must be declared.
The Economic Times Asian shares mixed, oil gains as world waits to see if US will join Israel's war against Iran
Oil prices increased amid concerns over potential disruptions from the Israel-Iran conflict, with investors awaiting clarity on possible US involvement. Asian markets showed mixed performance; Japan's core inflation rose, while China's central bank held loan rates steady. The Bank of England maintained its interest rate, also considering geopolitical risks.
The Economic Times Gold prices slip after US Fed signals more gradual path for rate cuts
Gold prices slipped after the US Federal Reserve kept interest rates unchanged and signalled a more gradual path for rate cuts, analysts said on Friday.
The Economic Times Commerce Ministry to meet stakeholders to assess impact of Iran-Israel conflict on India's trade
The Commerce Ministry will meet with stakeholders to discuss the Iran-Israel conflict's impact on India's foreign trade. The meeting aims to address concerns about rising freight rates and potential disruptions to shipping routes like the Strait of Hormuz and the Red Sea. These routes are crucial for India's oil and trade with Europe and the US.
The Economic Times Silver’s breakout year: Why poor man's gold is outshining its richer cousin
Silver is experiencing a surge in global markets, reaching record highs driven by robust industrial demand, limited supply, and its appeal as a safe-haven asset amid geopolitical tensions. The metal's dual role and a correction in the gold-silver ratio are attracting investors, with analysts forecasting further price increases and institutions increasing their silver holdings.
The Economic Times CFOs idea of powering Bharat
As India moves toward becoming the world’s third-largest economy, it is essential to understand the realities of Bharat and, more importantly, how CFOs are shaping their strategies around it. What is their forward-thinking approach and what kinds of opportunities do they see?
The Economic Times L&T raises Rs 500 cr via debentures
Larsen & Toubro (L&T) secured Rs 500 crore by issuing debentures. These debentures are connected to specific sustainability goals. They align with SEBI's guidelines for ESG debt securities. The debentures mature on June 19, 2028, with annual interest payments. L&T's consolidated profit after tax increased by 25 percent to Rs 5,497 crore for the quarter ending March 31, 2025.
The Economic Times Ambuja Cements, ACC secure SBTi validation for net-zero targets
The SBTi's Corporate Net-Zero Standard is a global framework for setting corporate net-zero targets aligned with climate science.
The Economic Times Groww gets into corporate bond distribution, set to apply for Sebi licence
Bengaluru-based Groww plans to apply for an Online Bond Platform Provider licence to enable corporate bond trading via its app, expanding beyond stockbroking. As it prepares for a public listing, Groww is diversifying into credit, wealth management, and bond distribution, positioning itself to compete with platforms like Wint Wealth and Grip Invest.
The Economic Times Decline in headline inflation good news, but core inflation edging up: CRISIL
CRISIL reports India's headline inflation dropped to 2.8 percent in May 2025. This decline is primarily due to lower food inflation. However, core inflation, excluding food and fuel, is slightly increasing. CRISIL suggests rising core inflation could pressure headline inflation. The report indicates global economic volatility influences core inflation more than domestic factors.
The Economic Times Global investment decline may worsen due to tariffs, UN trade agency warns
UN-TRADE/Global investment decline may worsen due to tariffs, UN trade agency warns
The Economic Times RBI's new rules on gold loans may lead to changes in lenders' business models: Report
The RBI's latest directions on gold loans will change India's landscape for this booming lending segment with lenders nimble enough to adjust their business model standing to gain, according to an S&P Global Ratings report released on Thursday.
The Economic Times Mahaveer Finance raises Rs 200 crore from Elevation Capital and others
Mahaveer Finance raised Rs 200 crore in its first venture round led by Elevation Capital. The Chennai-based NBFC plans to expand its loan book, invest in tech, and diversify into products like LAP. With 80+ branches across South India, it targets Rs 5,000 crore in assets and ₹100 crore monthly disbursals.
The Economic Times Walmart Vriddhi partners to empower additional 100,000 MSMEs for Business Growth by 2028
Walmart's supplier development program, Walmart Vriddhi, partners with Ideas to Impact Foundation (i2i) to empower an additional 100,000 MSMEs in India in the next three years.
The Economic Times Siemens Energy India makes market debut; to invest ₹460 cr in Kalwa facility
Siemens AG and its subsidiaries hold 69 per cent stake in SEIL, while Siemens Energy AG subsidiaries own another 6 per cent. The remaining shares are in free float.
The Economic Times India offers huge scope in office spaces managed by real estate investment trusts
Real estate investment trusts (REITs) in top seven Indian cities currently have only 23 per cent of total REIT-worthy office stock (worth 520 million square feet) listed in their portfolios, showcasing tremendous scope in the future, according to a report released on Thursday.
The Economic Times Audit firms may rethink partner roles as ICAI enforces 60-audit cap per partner
Audit experts are calling this step progressive which will help in decentralising audit concentration from large firms that hold the majority of the mandate. Presently an individual CA can conduct 60 audits in a year but the rule is not the same for partners in accounting firms.
The Economic Times With no upgradation plan, several small drug companies may shut operations
Only a fraction of such units, 1,700 out of an estimated 6,000, have submitted plans for upgradation as per the newly-notified Good Manufacturing Practices (GMP), people in the know told ET.
The Economic Times E-services in India's states, UTs cross 21,060
The total number of e-services provided across states and UTs in the country have touched the of 21,062 mark, with the majority of these services (7,065) falling under the Local Governance and Utility Services sector, according to a report released by the Department of Administrative Reforms and Public Grievances (DARPG) on Thursday.
The Economic Times Trump’s tariffs to add $2,000 to car prices
The $30 billion cost burden from the tariffs will lead to about one million fewer vehicles sold over the next three years.
The Economic Times FM Sitharaman asks fintechs to find solutions to prevent digital arrests, cyber frauds
Another major threat, Sitharaman pointed out, is deepfake technology, which is causing a lot of damage to the public in large.
The Economic Times Welspun Living, NSDC partner to launch large-scale skilling programme for textile sector
Welspun Living Ltd partners with NSDC to launch a skilling initiative, investing ₹4.25 crore to train 1,000 individuals, with a focus on women from North-Eastern states and Uttarakhand. The program includes classroom and on-the-job training at Welspun's Gujarat facilities, leading to joint certification and guaranteed employment within Welspun's textile operations, aiming to create an inclusive and future-ready workforce.
The Economic Times Amazon India to infuse over Rs 2,000 crore to boost pan-India operations
Amazon plans to invest over Rs 2,000 crore in 2025 to enhance its operations network across India, focusing on faster and more reliable customer service. The investment will support network expansion, technological advancements, and improved employee well-being. This move aligns with India's booming e-commerce market, projected to reach USD 325 billion by 2030, driven by increased digital adoption and spending.
The Economic Times Reliance Consumer to pour ₹8,000 crore into soft drinks business
Mukesh Ambani-owned Reliance Consumer Products (RCPL) is adding nearly 10-12 new greenfield and co-packing plants to step up its challenge not only against larger rivals Coca-Cola and PepsiCo, but also against dozens of low-priced regional brands across the country, one of the executives said.
The Economic Times Vodafone appoints Pilar López as CFO Designate, succeeds Luka Mucic
Vodafone has appointed Pilar López as Chief Financial Officer Designate, effective October 1, 2025, succeeding Luka Mucic. She will formally assume the CFO and Executive Director role from December 1, 2025, bringing extensive leadership experience from Microsoft and Telefónica across finance, telecom, and technology sectors.
The Economic Times Record 1,197 Indian-owned firms with over 72 billion pounds revenue now operating in UK
In a sign of growing UK-India economic partnership, there are now 1,197 Indian-owned companies operating in Britain, an increase of over 23 per cent from 2024 when 971 were recorded, according to a report released on Thursday.
The Economic Times Microsoft prepared to abandon high-stakes talks with OpenAI, FT reports
OpenAI executives have considered accusing Microsoft of anticompetitive behavior in their deal, the Wall Street Journal reported on Monday, adding that both the companies are discussing revising the terms of Microsoft's investment, including the future equity stake it will hold in the AI startup.
The Economic Times Sebi eases regulations for startup founders and public sector cos to boost capital market
The Securities and Exchange Board of India (SEBI) has approved new rules. Startup founders can now hold employee stock options after listing. Alternative investment funds get co-investment opportunities. Public sector companies can voluntarily delist with relaxed norms. Foreign funds will benefit from eased investment rules. These changes aim to boost investment and simplify regulations for businesses in India.
The Economic Times India's $89 billion clean industry pipeline struggles to attract financing, report says
India's clean energy sector encounters financial obstacles. A significant number of projects are stalled. Only one project secured investment approval in six months. The nation needs substantial investment to achieve its green energy goals. China and the United States are ahead in attracting clean energy investments. Policy uncertainty and high capital costs are major impediments.
The Economic Times Derivatives: StanChart under RBI lens
Standard Chartered is under the Reserve Bank of India's (RBI) examination due to identified deficiencies in its risk management procedures and irregularities in the sale of derivatives. The concerns were raised after sales of target redemption forwards to small and medium enterprises, where buyers were allegedly not fully informed about potential risks, leading to scrutiny of the bank's processes.
The Economic Times Sebi announces measures for PSU delisting, relaxes ESOP norms for startup founders
SEBI's board approved measures to ease business for market participants, including relaxed delisting norms for select PSUs and ESOP retention for startup founders. Simplified compliance for G-Sec focused FPIs and a settlement scheme for NSEL brokers were also approved. These decisions aim to attract investment, support startups, and streamline regulatory processes within the Indian market ecosystem.
The Economic Times Sebi eases rules for FPIs investing in govt bonds
Securities and Exchange Board of India eased rules for foreign funds investing in Indian government bonds. Select promoters can now hold employee stock options post-listing. Some decisions from December 2024 were reversed. Delisting rules for certain public sector units are now more liberal. These changes aim to improve ease of doing business.
The Economic Times Corporate sector key pillar of nation's eco growth: Prez
President Murmu emphasized the corporate sector's vital role in India's economic progress while addressing Indian Corporate Law Service trainees. She highlighted their responsibility in fostering a transparent and accountable business environment that encourages innovation. Murmu also stressed the importance of quality assurance in military aviation for operational safety and strategic advantage during interactions with other service trainees.
The Economic Times India's borrowing bill drops as economy keeps its cool
The Central government's borrowing costs have decreased. This reflects strong economic fundamentals and proactive policies. Government security yields from FY21 to FY25 were lower than FY10-FY14. The spread between Indian and US bond yields has narrowed. Indian bond yields remained stable in the second half of FY25. The government conducted its borrowing program carefully last fiscal year.
The Economic Times Indian realty records $6.99 bn deals in FY25, Residential sales surge 77% since 2019
India’s real estate sector saw a strong post-pandemic recovery, with residential sales rising 77% between FY2019 and FY2025 and a surge in luxury housing demand. Office leasing, warehousing, and industrial spaces also grew, supported by GCCs and logistics needs. Despite robust private equity, M&A, and capital market activity, challenges like regulatory hurdles and rising costs persist.
The Economic Times By 2035, AI-driven automation to boost manufacturing productivity by up to 40%: Report
By 2035, AI-driven automation is expected to boost support to manufacturing productivity globally, with artificial intelligence detecting defects at 90 per cent accuracy and improving quality control by 35 per cent., according to a recent report by the ASSOCHAM-Odisha State Development Council in collaboration with Primus Partners.
The Economic Times ICAI to complete review of fin statements of IndusInd Bank, Gensol in 6 months
ICAI will take at least six months to review the financial statements of IndusInd Bank and Gensol Engineering to ascertain audit lapses. The review follows concerns about incorrect recognition of derivative trades and alleged fund diversions. ICAI will also host the GCC Summit Series, reinforcing India's leadership in the Global Capability Centres ecosystem.
The Economic Times Jio Financial Services takes full control of Jio Payments Bank with Rs 104.5 crore SBI stake buy
Jio Financial Services has acquired a 17.8% stake in Jio Payments Bank from SBI, making it a wholly-owned subsidiary. This follows RBI approval and coincides with Jio BlackRock's launch of mutual fund schemes, aiming to offer innovative investment products. The company reported a slight increase in net profit and revenue for Q4 FY25.
The Economic Times PNGS Reva Diamond Jewellery files draft papers with Sebi; eyes Rs 450-cr via IPO
PNGS Reva Diamond Jewellery, based in Pune, has submitted preliminary documents to Sebi to raise Rs 450 crore through an IPO, consisting entirely of a fresh issue of equity shares. The company intends to use the IPO proceeds to establish 15 new stores by fiscal year 2028 and for marketing initiatives.
The Economic Times India's real GDP growth for FY26 may exceed 6.5 pc: ICRA
ICRA projects India's real GDP growth to exceed 6.5% and GVA growth to surpass 6.3% for FY26. CPI inflation is expected above 4.2%, with a fiscal deficit of 4.4% of GDP. Rural demand will likely remain strong, supported by Rabi cash flows, while services exports are expected to outpace merchandise exports.
The Economic Times IAS officer Anuradha Thakur joins Sebi board
1994-batch Himachal Pradesh cadre IAS officer Thakur joined the Department of Economic Affairs as an OSD in April.
The Economic Times India's strong fiscal dynamics to propel growth, curb inflation: Report
India's fiscal dynamics have improved at the aggregate level post-pandemic, with a most notable shift in the quality of spending, which is reflected in the higher capital expenditure by the government over the last five years, according to a Morgan Stanley report.
The Economic Times Sanathan Textiles CFO eyes Rs 6,000 crore in revenue by FY27 driven by capacity expansions
CFO Sanjay Shah said the company is hoping to begin operations at the new plant in the current or next quarter, adding that at full scale the plant will be manufacturing 950 tons of polyester. Shah also spoke on the benefits of UK-India FTA, CapEx budget, compliance challenges, automation and the company's fund raising plans in the near future
The Economic Times KYC registration agencies should be eligible to function as accreditation agencies: Sebi
The Securities and Exchange Board of India (Sebi) has sought public comments till July 8 on the proposals.
The Economic Times India a 'bright spot' amid global uncertainty, says Chief Economic Advisor
Chief Economic Advisor V Anantha Nageswaran highlights India's resilience as a "bright spot" amid global economic uncertainties intensified by conflicts and disruptions. India's steady economic performance, fiscal health improvement, and strategic positioning contribute to its image as a stable investment destination. The country's focus on self-reliance, particularly in defense, further strengthens its strategic autonomy and boosts investor confidence.
The Economic Times Fed to hold rates steady again as officials wait for more clarity on economy
All eyes are on the Federal Reserve's upcoming decision on interest rates. Experts anticipate the Fed will likely hold rates steady. Updated economic projections will be released. These projections will offer insights into future growth, inflation, and unemployment. Fed Chair Jerome Powell will address the press. Market watchers are keen to understand the Fed's strategy amidst economic uncertainty.
The Economic Times Rachit Prints gets nod from BSE SME to raise funds via IPO
Rachit Prints, a specialty fabric maker based in Meerut, has received in-principle approval from the BSE SME exchange for an IPO to raise approximately Rs 19.5 crore. The IPO involves a fresh issue of 13.08 lakh equity shares, with funds allocated for working capital, business expansion, and debt prepayment.
The Economic Times 3C ITS CFO Dnyaneshwar Gajmal resigns
3CITS CFO Dnyaneshwar Gajmal has resigned effective June 17, 2025, citing personal reasons and new career pursuits. Appointed in November 2024, Gajmal played a key role in financial strategy and compliance; a successor is yet to be named.
The Economic Times Sam Altman says Meta offered $100 million bonuses to OpenAI employees
The alleged attempts by Meta to hire OpenAI staffers are the latest signs of a frenzy to hire top engineers to develop AI models, and they come at a time when the Facebook owner is working on building its superintelligence unit to catch up with competitors.
The Economic Times Google sees pockets growing at a fast clip: Country head Preeti Lobana
Lobana, who joined Google more than seven years ago after having previously worked at the NatWest Group, American Express, Standard Chartered Bank and ANZ Grindlays Bank, said she is "very bullish" on India, though "some of the challenges like supply chain and manufacturing that people are seeing may offer bumps".
The Economic Times Razorpay buys into UPI startup Pop with $30 million bet to woo D2C brands
The Bengaluru-based startup, which focuses on UPI payments, had raised $12 million from Incubate Fund India and Unilever Ventures last October.
The Economic Times OnePlus begins production of Made in India IoT devices with Optiemus Electronics
Optiemus Electronics has partnered with OnePlus to manufacture premium IoT devices, including TWS earbuds and wireless neckbands, in India. Production has commenced with the OnePlus Bullets Wireless Z3 at Optiemus' facility. This collaboration aims to increase localisation, reduce costs, and strengthen OnePlus' presence in the Indian market through Project Starlight.
The Economic Times CCI approves Delhivery’s acquisition of Ecom, M&M-SML Isuzu deal
The Competition Commission of India (CCI) has approved Delhivery's acquisition of Ecom Express and Mahindra & Mahindra's (M&M) acquisition of SML Isuzu. Delhivery will acquire a majority stake in Ecom Express for ₹1,407 crore, enhancing its logistics solutions for the e-commerce sector. M&M will acquire a 58.
The Economic Times Sebi board meeting today. 5 key proposals on the agenda
The Securities and Exchange Board of India will convene a meeting. They will discuss employee stock options for startup founders post-IPO. The board will consider voluntary delisting of Public Sector Undertakings. Relaxed compliance for Foreign Portfolio Investors in government bonds is on the agenda. Rationalising Qualified Institutions Placement disclosure norms will also be discussed.
