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The Economic Times Nayara Energy cuts petrol prices by Rs 5, diesel by Rs 3 as crude oil eases
India's largest private fuel retailer, Nayara Energy, on Wednesday reduced petrol prices by Rs 5 per litre and diesel prices by Rs 3 per litre across its nationwide retail network, which is the first cut in retail fuel prices since global crude oil prices began easing following the de-escalation of tensions in West Asia.
The Economic Times Renfra Energy submits papers with Sebi for IPO; eyes Rs 430-cr via fresh issue
Renfra Energy India is gearing up for its Initial Public Offering (IPO), aiming to raise Rs 430 crore through a fresh issue of shares. The company plans to use the funds for debt redemption, working capital, and general corporate needs. Renfra Energy, a key player in renewable energy project execution, has a strong track record in solar and wind energy solutions. The IPO also includes an Offer-for-Sale component.
The Economic Times Indian rupee weakness to persist despite RBI measures to bring in dollars
Despite the Reserve Bank of India's efforts to attract foreign capital, the Indian rupee is expected to remain weak against the U.S. dollar in the coming months. While recent measures and falling oil prices have offered some support, analysts predict the rupee will trade around current levels. Expected inflows may only lead to milder depreciation rather than significant appreciation.
The Economic Times RBI warns unwinding of leveraged hedge fund positions during stress could roil bond markets
The Reserve Bank of India has issued a stark warning regarding the increasing influence of large, leveraged hedge funds in global sovereign bond markets. Their rapid exit during market turmoil could trigger significant sell-offs and widespread financial instability. This concern is amplified by rising global debt levels and increasing government borrowing needs, making markets more susceptible to investor sentiment shifts and potential rollover risks.
The Economic Times Kotak Mahindra Bank shares in focus on deal to buy Deutsche Bank’s retail business for Rs 282 crore
Kotak Mahindra Bank will acquire Deutsche Bank India's retail banking, private banking and wealth management business, adding a sizeable loan book, deposits, assets under management and customers. The deal is expected to strengthen Kotak's affluent banking franchise while supporting Deutsche Bank's strategy to focus on its core businesses.
The Economic Times Kotak reclaims India ECM lead with mega deals on horizon
Kotak has reclaimed the top position in India's equity capital markets league tables, driven by strong deal execution. With several large public offerings and fundraising transactions in the pipeline, the investment bank is well positioned to strengthen its leadership in the country's booming capital markets.
The Economic Times GST collections rise 13.9% to Rs 1.95 lakh crore MoM in June
India's GST collections surged by nearly 14% to Rs 1.95 lakh crore in June 2026, marking a significant year-on-year increase. This robust growth was primarily fueled by a substantial 34.6% jump in import revenues, alongside a healthy 6.5% rise in domestic GST collections.
The Economic Times Jana Holdings to pare Jana Bank stake to repay its bond holders
Jana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including to TPG Asia. This move will also see the holding company relinquish its 'promoter' status. The company recently received debt restructuring approvals, extending payment deadlines to December 2026, with bondholders like TPG Asia acknowledging the planned equity sale strategy.
The Economic Times Solvency buffers at insurers thinning; general insurance sector more of a concern
The Reserve Bank of India's latest report highlights concerns over thinning capital in the insurance sector. While life insurers remain compliant, their buffers are shrinking. The general insurance segment faces a more serious challenge, with three public sector firms persistently falling below the minimum solvency requirement for over a year, posing a direct financial stability risk.
The Economic Times Markets open in green after two-day losing streak; Sensex up 160 points, Nifty opens higher at 23,897
The Indian equity markets opened in the positive territory on Wednesday after two straight sessions of losses, even as concerns persisted over a potential escalation in the US-Iran conflict and weaker-than-expected monsoon progress.
The Economic Times GST at 9: India Inc seeks GST 2.0 with faster ITC refunds, AI-led compliance and lower litigation
Finance chiefs say the indirect tax reform has transformed business over the past nine years, but call for quicker input tax credit refunds, simpler compliance, consistent tax interpretation and technology-driven administration as GST enters its next phase.
The Economic Times Sebi bars 10 entities over alleged fraud at Darjeeling Industries
The interim ex-parte order was passed amid concerns that the noticees could offload shares allotted through a preferential issue after the lock-in period expired, potentially making wrongful gains.
The Economic Times SEBI bars Darjeeling Industriies promoters, alleges circular funding and stock manipulation scheme
India's markets regulator, the Securities and Exchange Board of India (SEBI), on Tuesday issued an ex-parte interim order against the promoters and associates of Darjeeling Industriies Limited, alleging they orchestrated a complex scheme involving circular funding, misuse of preferential issue proceeds and suspected stock price manipulation.
The Economic Times Joint Parliamentary Committee to hold meeting on three key amendment Bills
A meeting of the Parliamentary Joint Committee examining The Constitution (One Hundred and Thirtieth Amendment) Bill, 2025, The Jammu & Kashmir Reorganisation (Amendment) Bill, 2025, and The Government of Union Territories (Amendment) Bill,30 pm on Wednesday in Parliament House Annexe (PHA).
The Economic Times AI driving credit risk, may threaten jobs and tax revenues in developed economies: Fitch
Artificial intelligence (AI) and heavy digital infrastructure spending are emerging as key global credit risks, with AI expected to boost efficiency but also threaten jobs and tax revenues, particularly in developed economies, says Fitch Ratings.
The Economic Times N Chandrasekaran's seat on Tata Sons board up for reset in August
Tata Sons chairman N Chandrasekaran's board reappointment is scheduled for the August 18 AGM, a crucial vote amid ongoing stakeholder tensions. His chairmanship hinges on retaining this directorship. While director renominations are usually routine, this year's could be contentious, especially after the SP Group's challenge in 2022. The meeting will also cover accounts and chairman's remuneration.
The Economic Times India's manufacturing growth expected to moderate in April-June due to West Asia crisis: FICCI
Indian manufacturing growth is set to slow in the first quarter of FY27, with a FICCI survey revealing muted business sentiment. This moderation is linked to the West Asia crisis, impacting production and order levels compared to the previous quarter. Despite these challenges, export performance shows positive signs, though manufacturers face rising production costs due to raw materials and logistics.
The Economic Times E20 mixing in trial phase, Centre tells SC; court orders status quo on ethanol quota
Attorney General R Venkataramani argued that such changes could destabilise the national E20 blending program, an "ongoing experiment."
The Economic Times RBI flags emerging fault lines in private credit market, calls for close monitoring
The Reserve Bank of India has identified growing concerns within the booming private credit market. The central bank's latest report highlights an uptick in defaults and investor redemption requests, signaling emerging stress. While not currently a systemic threat, the RBI emphasizes the critical need for ongoing monitoring to safeguard the broader financial system from potential risks.
The Economic Times The $1 trillion AI 'arms race' is fueling a hidden supercycle and it's not just chips
DBS Bank says the global AI arms race is driving a multi-year capex supercycle extending beyond semiconductors into energy, networking, infrastructure and data centres. The bank expects AI spending, sovereign AI investments and rising power demand to create new investment opportunities while reshaping portfolio allocation amid geopolitical risks and persistent inflation.
The Economic Times India cuts windfall tax on diesel, raises petrol tax from July
India has adjusted its export duties on petroleum products, reducing levies on diesel and aviation fuel as global oil prices decline. The duty on diesel exports is now 8.5 rupees per litre, and aviation fuel is 7.5 rupees per litre. Conversely, the tax on petrol exports has been raised to 4 rupees per litre to bolster domestic availability.
The Economic Times Dalal Street bets on a strong July as macro risks begin to fade
Indian equities are poised for a positive July, building on historical trends and recent market strengths. Easing crude oil prices, a stable rupee, and reduced foreign selling are fueling optimism. Analysts anticipate the Nifty could climb 2-3% from current levels, with mid and small-cap stocks expected to lead the rally. Investors are closely watching geopolitical developments and monsoon progress for further market catalysts.
The Economic Times Oil ticks higher as Iran's refusal to meet US envoys dims ceasefire hopes
Oil prices saw an uptick as Iran's refusal to meet U.S. envoys heightened tensions, impacting the fragile ceasefire. Despite recent price drops following conflict de-escalation, analysts are revising forecasts. U.S. officials assert Iran won't control Strait of Hormuz tolls, with tanker traffic reportedly recovering. Meanwhile, U.S. crude and gasoline inventories declined last week, awaiting official government data.
The Economic Times Microsoft to cut under 2.5% of workforce in latest layoffs: Report
Microsoft is reportedly preparing for another round of job cuts, potentially impacting less than 2.5% of its global workforce. These layoffs could affect thousands across sales, consulting, and the Xbox division. This move comes as tech giants continue to trim staff while heavily investing in AI. Previous significant layoffs were announced by Microsoft in July 2025.
The Economic Times JSW taps KKR to drive in MG Motors JV with $400 mn investment
A combination of primary infusion and secondary share sale is planned as valuation doubles to $3 billion in 3 years. Sajjan Jindal led group is set to emerge as the single largest shareholder in the country's 3rd largest EV passenger car maker.
The Economic Times India plans to add strategic fuel reserves after Iran war shock
This ambitious move follows a review of existing, limited stockpiles and includes expanding underground crude storage and addressing the challenges of storing gas.
The Economic Times Bank credit to industry grows at robust 17.5 pc in May: RBI data
Indian banks witnessed a significant surge in credit to industries, with a robust 17.5% annual growth in May. This expansion was fueled by accelerated lending to large corporations and sustained healthy growth in the MSE sector. Advances to agriculture and allied activities also saw a strong uptick. Personal loans and the services sector also experienced considerable growth, indicating a dynamic credit landscape.
The Economic Times India’s top 10 States by GST collections in FY26 — and who lagged behind
India's GST collections for FY2025-26 reached ₹22.27 lakh crore, a slight 0.8% rise, driven by an 11.7% surge in import-related taxes. Domestic collections saw a 2.6% dip. Maharashtra led state contributions with over ₹3.61 lakh crore. The composition of GST revenue shifted, with IGST, SGST, and CGST increasing their shares, while compensation cess declined.
The Economic Times TPG-backed digital lender Fibe files for India IPO
Digital lender Fibe, backed by TPG, has filed for an Indian IPO, aiming to raise up to 7.5 billion rupees to expand lending to middle-income consumers. The company reported a significant jump in revenue and profit for fiscal 2026. Existing shareholders, including TPG's Rise Fund, Norwest Capital, and Eight Roads Ventures, are also looking to sell a portion of their stakes. Proceeds will bolster its lending arm, EarlySalary Services.
The Economic Times Explained: How will GST investigations, audits and appeals work after a taxpayer changes location?
The CBIC has clarified how GST proceedings continue when businesses relocate their principal place of business. Actions taken by the original tax authority remain valid even after a taxpayer shifts jurisdiction. The new jurisdictional officer will now handle all pending matters, including appeals. This move ensures continuity for businesses and provides clarity to tax authorities on jurisdiction.
The Economic Times RBI compounds FEMA violations in Touras India case
The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of the Foreign Exchange Management Act (FEMA), in the case of Touras India Private Limited, which has resulted in the termination of proceedings against the company for contraventions of the law's provisions with a one-time payment of Rs 26,950, according to a statement issued by the Directorate of Enforcement (ED) on Monday
The Economic Times IRFC appoints Ranjay Choudhary as Director of Finance and Deepa Kotnis as the CFO
Based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the IRFC Board approved the appointment of Ranjay Choudhary as Additional Director, designated as Director (Finance), for a five-year term. His appointment follows an order issued by the Ministry of Railways, Government of India, and takes effect from June 30, 2026, the date he assumed charge.
The Economic Times ICICI Prudential Life plans 10-15% premium growth, bets on protection to outpace savings, CFO Dhiren Salian says
ICICI Prudential Life Insurance aims for 10-15% premium growth, with protection products like term and annuity plans leading the charge. CFO Dhiren Salian highlighted that protection, currently 17% of premiums, is a key focus due to its underpenetration and higher profitability. The company is also leveraging AI for operational efficiency and customer service improvements, while capital deployment is increasingly tilted towards the protection segment.
The Economic Times PFC-REC merger explained: Swap ratio, rationale, other key details as merger set to create Rs 11 lakh cr power financing giant
The proposed merger of Power Finance Corporation and REC will create India's largest power sector financing institution with a combined loan book exceeding Rs 11 lakh crore. Here's a look at the approved share swap ratio, merger rationale, pending approvals, record date details, and what the restructuring means for shareholders.
The Economic Times Exclusive: MCA set to notify SA 600, 40 revised audit standards by August
The notification will conclude one of the most significant regulatory exercises in India's audit landscape in recent years, aimed at strengthening audit quality and updating the country's auditing framework in line with evolving international standards.
The Economic Times Government extends GSTAT appeal filing deadline to July 31 amid portal rush, technical issues
The extension applies to appeals filed under Section 112(1) read with Section 112(3) of the Central Goods and Services Tax (CGST) Act. The earlier deadline notified by the government on September 17, 2025, was June 30, 2026.
The Economic Times GST SAMVAAD 2026 reviews nine years of GST, focuses on taxpayer-friendly reforms
GST officials in Gautam Budh Nagar convened GST SAMVAAD 2026 to reflect on the tax regime's nine-year journey. The event brought together tax experts, industry leaders, and trade representatives to discuss achievements, ongoing challenges, and strategies for a more transparent and efficient system. The focus was on fostering cooperation between tax authorities and taxpayers to enhance compliance and support economic growth through a simplified tax ecosystem.
The Economic Times How Ambani built Project Jupiter to launch India’s biggest IPO
Reliance quietly executed Project Jupiter to prepare Jio’s IPO while managing regulatory changes, investor alignment and strict secrecy. The plan evolved from an offer-for-sale to a primary issue, enabling funds to remain with the company and positioning Jio for India’s biggest stock market listing.
The Economic Times Nifty, Sensex trading flat after positive opening; investors track crude prices, global cues
Indian benchmark indices gave up their early gains and slipped into the red shortly after opening on Tuesday, as investors turned cautious despite support from lower crude oil prices and positive global market cues.
The Economic Times HUL appoints ex-Marico, Flipkart executive Koteshwar LN as Oziva CEO
In a significant leadership shift, Hindustan Unilever Ltd (HUL) has appointed Koteshwar L.N. as CEO of Oziva, its wellness nutrition brand. Koteshwar, with extensive experience from Marico, Flipkart, and Coca-Cola, will steer the wellness division amidst a surge in market interest. Additionally, his role extends to overseeing HUL's wellness portfolio, notably after acquiring a controlling stake in Liquid I.V.'s parent company, Zywie.
The Economic Times Bandhan Bank CFO Rajeev Mantri resigns citing career growth
Bandhan Bank's Chief Financial Officer, Rajeev Mantri, has resigned to pursue career growth, with his last day set for September 25. Mantri, who joined the bank in February, expressed gratitude for his tenure and enriching experience. The bank, headquartered in Kolkata, has yet to name a successor for the seasoned finance professional. This departure follows other recent announcements from Bandhan Bank, including increased Fixed Deposit rates and improved collection efficiency.
The Economic Times Gaming founders appeal to GST Council for personal liability relief after Supreme Court ruling
Real money gaming founders are urging the GST Council to shield them from personal tax liabilities and offer amnesty on past dues following a Supreme Court ruling. The industry faces significant retrospective tax burdens, with many firms already struggling or defunct. Legal experts advocate for the Council to use its powers to regularize the tax position, waiving penalties and interest to prevent widespread insolvencies and protect entrepreneurship.
The Economic Times "It's in last 1 or 2%": US envoy Sergio Gor declares India-US trade pact nears finish line
Dismissing rumours of diplomatic friction, United States Ambassador to India Sergio Gor on Monday (local time) announced that the highly anticipated India-US bilateral trade agreement is on the verge of completion, with negotiators hammering out the final "1 or 2 per cent" of the legal text.
The Economic Times Kolkata, Surat top million-plus cities in entrepreneurship
Kolkata, Surat, and Greater Hyderabad lead India's entrepreneurial landscape, housing over 22% of unincorporated businesses. These major cities also employ a significant portion of the nation's unincorporated workforce. Women are making substantial inroads, owning over a fifth of establishments in many large cities, with Surat, Vadodara, and Pune showing particularly high female ownership. Larger urban centers demonstrate higher productivity and greater formalization within the sector.
The Economic Times HDFC Bank appoints Puneet Sharma as CFO
HDFC Bank has appointed Puneet Sharma as its new Chief Financial Officer, effective December 1, 2026, bringing over 26 years of financial expertise from Axis Bank. Jigar Shah will join as General Counsel from October 1, 2026. Additionally, former Finance Secretary Rajiv Kumar is set to become the bank's Part-time Chairman, pending RBI approval, marking a significant addition to its leadership.
The Economic Times Former finance services secy Rajiv Kumar named HDFC Bank part-time chairman
Kumar (66), a seasoned public policy leader and financial sector reformer, is widely credited with playing a key role in revitalising India's banking and financial system during a period of significant stress between 2017 and 2020. During his tenure, he strengthened governance, risk management and regulatory oversight across banks by institutionalising specialised monitoring of large exposures and introducing technology-driven risk assessment systems.
The Economic Times Delhi Cabinet approves EV Policy 2026 with tax waivers, purchase incentives and scrappage benefits to boost clean mobility
The policy provides 100 per cent exemption on road tax and registration fees for electric vehicles, with the benefit applicable to four-wheelers priced up to Rs 30 lakh (ex-showroom). Purchase incentives include up to Rs 30,000 for electric two-wheelers, up to Rs 50,000 for electric three-wheelers and up to Rs 1 lakh for N1 goods vehicles. In addition, scrapping incentives ranging from Rs 5,000 to Rs 1 lakh will be offered for replacing older, polluting vehicles with electric models.
The Economic Times OYO parent's firm Prism files updated papers for Rs 6,650-cr IPO; existing investors not to sell stake
Hospitality giant Prism, parent of OYO, is aiming to raise Rs 6,650 crore via an IPO, with all funds coming from a fresh share issue. The company plans to use the majority of proceeds to repay borrowings. Prism has shown significant financial improvement, with revenue and profit surging in the first nine months of FY26. Its US business, boosted by the G6 Hospitality acquisition, is a key growth driver.
The Economic Times Cyber talent gap widens as demand for hybrid skills outpaces supply
"Modern cybersecurity sits at the intersection of digital platforms, AI deployment, regulatory accountability, operational resilience and customer trust.
The Economic Times Zerodha eyes foray into investment banking
India's leading retail broker, Zerodha, is making a significant move into investment banking. The company has applied to Sebi for a merchant banking license through its arm, Zerodha Corporate Advisors. This strategic expansion comes as the equity capital markets show strong potential, with experts noting ample room for new players possessing robust distribution and investor networks.
The Economic Times Private banking sector flux: CFO departures and leadership uncertainty amid regulatory changes
India's banking sector is experiencing significant leadership shifts, with multiple CFOs and senior executives departing private banks and even major institutions like LIC and SBI. This talent churn, driven by regulatory complexities and new opportunities, is creating a domino effect across the industry. Several banks are actively seeking new financial leaders, while some are also preparing for CEO transitions, highlighting a period of considerable flux.
The Economic Times AI investment boom may fuel financial risks
The Bank for International Settlements (BIS) has issued a stark warning about the financial risks stemming from the rapid expansion of Artificial Intelligence, citing concerns of overinvestment and inflated valuations. BIS also highlighted the inflationary pressures and supply chain vulnerabilities exposed by geopolitical conflicts, emphasizing the need for robust policy coordination to ensure economic stability and sustainable growth.
The Economic Times Asian stocks set for record-breaking quarter; dollar sinks gold and yen
Asian stocks showed mixed performance as a strong dollar pushed the Japanese yen to a four-decade low. Despite a record quarterly rise for Japan's Nikkei, South Korea's KOSPI dipped. Investors are rebalancing portfolios, selling Asian tech stocks despite strong gains, and seeking diversification in other sectors like defense and renewables. Upcoming US jobs data and Fed commentary will be key.
The Economic Times Like Singapore, India should consider one regulator for the financial sector: Former IRDAI Member
"In Singapore, there is only one regulator for the entire financial sector. We say India is a big country with a huge population. Then what is the use of fintech? What is the use of all the apps that we have developed?" said former IRDAI Member Nilesh Sathe, advocating greater integration among financial regulators.
The Economic Times HDFC Life partners with Tata Digital to offer life insurance products on Tata Neu
HDFC Life on Monday announced a corporate agency partnership with Tata Fintech, a subsidiary of Tata Digital, to distribute its insurance products and services through the Tata Neu platform
The Economic Times Bandhan Bank CFO Rajeev Mantri resigns, to leave in September
Bandhan Bank's Chief Financial Officer, Rajeev Mantri, has resigned, citing career growth as his reason for departure. Mantri, who also served as Executive President, submitted his resignation on June 29 and will officially leave on September 25. He expressed gratitude for the support received during his tenure, highlighting his contributions to the bank's strategic transformation. The bank has yet to name a successor for the key financial role.
The Economic Times BPCL to acquire 40% stake in Tiki Tar and Shell India for Rs 85 crores to strengthen Value-Added Bitumen business
Bharat Petroleum Corp. Ltd. has signed an agreement with Tiki Tar and Shell India Pvt. Ltd, to acquire 40 per cent equity stakes in the joint venture company, for a cash consideration of Rs. 85 crores, BPCL informed the bourses on Monday.
The Economic Times Randstad India appoints Narayan Iyer as managing director
Randstad India has appointed Narayan Iyer as its new managing director and chair of the management council. With over three decades of experience in IT services and consulting, Iyer will spearhead the company's four specialisations and shared service centres in India. His leadership aims to drive growth, enhance digital capabilities, and solidify Randstad's role as a key talent partner in the rapidly evolving Indian market.
The Economic Times Rail-focused logistics firm Pristine Logistics confidentially files IPO papers with Sebi
Pristine Logistics and Infraprojects has confidentially filed its DRHP with Sebi for an IPO. The rail-focused multimodal logistics company is expanding terminals, warehousing and cargo operations while strengthening growth with a Rs 3,422 crore coal mining contract and broader infrastructure footprint.
The Economic Times IIP data decoded: Manufacturing, electricity lift India's industrial growth to 5.1% in May
India's industrial activity showed robust growth in May 2026, with the IIP climbing 5.1% year-on-year, driven by strong manufacturing and electricity output. Capital goods led the expansion, surging 12.9%. The Ministry of Statistics also announced a significant methodological shift, replacing WPI with Output PPI for a more accurate real output estimation, aligning with global standards.
The Economic Times Axis Bank CFO Puneet Sharma resigns after six years, to step down on August 31
Private sector lender says Sharma will leave to pursue the next phase of his professional career; successor yet to be named.
The Economic Times Eleven invests Rs 216 cr into financial services biz, total investment rises to Rs 470 cr
Diversified group Eleven has injected Rs 216 crore into its financial services arm, pushing total investment to Rs 470 crore over four years. This strategic move aims to bolster its scaled financial services franchise, with its NBFC, SVCL, having served over 19 lakh customers and disbursed Rs 10,000 crore. Eleven also launched Eleven Tech, a new platform for financial institutions, appointing Monu Ratra as its CEO.
The Economic Times Portal glitches put thousands of GST appeals at risk; experts seek deadline extension
Tax professionals, industry bodies and bar association urge Finance Ministry to defer June 30 cut-off, citing technical issues on GSTAT portal and nearly nine years of pending litigation.
The Economic Times Info Edge brings Himanshu Agarwal on board as CFO.
Himanshu Agarwal will be the new CFO of Info Edge, an Indian internet company that operates online classifieds platforms and invests in early-stage technology. He currently serves as Whole-time Director and CFO at Cohance Lifesciences.
The Economic Times India's IIFCL plans $1 billion loan; in talks for $400 million ADB funding
The Indian company is the latest to tap into the foreign lending market after the Reserve Bank of India introduced a series of measures to boost dollar inflows and support the rupee.
The Economic Times As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processes
India's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharing, and simplified processes to cut compliance costs, expedite refunds, and enhance enforcement, especially for MSMEs. This reform has broadened the tax base, boosted compliance, and significantly increased revenues, transforming India's indirect tax landscape into a unified national market.
The Economic Times Amazon’s rapid delivery push triggers $15 billion rout for Eternal, Swiggy
Eternal and Swiggy have pioneered India’s 10-minute delivery space, but rising competition is intensifying pressure. Blinkit and Instamart shares have fallen sharply amid concerns over Amazon and Flipkart expanding into rapid commerce through dark stores. The $11 billion segment is heating up further as Zepto prepares a $1 billion IPO to strengthen its expansion plans.
The Economic Times 92% of tech executives see AI management as vital work skill by 2031: KPMG
As the corporate landscape shifts toward automated decision-making, 92 per cent of tech executives report that managing artificial intelligence agents will become an important skill within the next five years. According to a report by KPMG, this rapid rise of agentic AI is forcing organizations to overhaul their workforce structures and rethink traditional operational strategies.
The Economic Times India-UK trade pact opens new prospects, but industry readiness will decide gains, say experts
The India-UK Comprehensive Economic and Trade Agreement (CETA) is set to come into force on July 15, 2026, unlocking lower tariffs and wider market access across sectors. However, economists and trade experts say the long-term benefits will depend on how effectively businesses adapt supply chains, meet compliance requirements and capitalise on new export opportunities.
The Economic Times AI investment boom may fuel financial risks: BIS
The Bank for International Settlements (BIS) has cautioned about the financial dangers linked to the rapid growth of AI, pointing to issues of overinvestment and high valuations. There’s a growing worry that advanced AI models could increase cyber threats, calling for stronger collaborations.
The Economic Times Sensex falls 50 points, Nifty above 24,050; Eternal, Sun Pharma, TechM rise 1%
Indian stock markets traded mixed on Monday, with Sensex dipping slightly and Nifty inching higher amidst rising oil prices due to Iran-US tensions. While some blue-chips gained, broader markets saw a minor decline. Analysts suggest a potential market upturn due to easing FII selling and South Korea's volatility, but a deficient monsoon remains a concern. Upcoming Q1 results are expected to drive stock-specific movements.
The Economic Times EU defends digital tax approach, says ready to act if Trump takes measures
"Any taxes are non-discriminatory by design and apply equally to all large companies, regardless of their origin", a spokesperson said, adding that the bloc would respond swiftly to unjustified unilateral measures, but remained open to a global solution in line with G7 agreements.
The Economic Times As GST turns 10, focus shifts to AI-led compliance, faster refunds, simpler tax processes
India's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharing, and simplified processes to cut compliance costs, expedite refunds, and enhance enforcement, especially for MSMEs. This reform has broadened the tax base, boosted compliance, and significantly increased revenues, transforming India's indirect tax landscape into a unified national market.
The Economic Times RBI's dollar inflow measures buy time, but external risks remain
The Reserve Bank of India's recent measures to boost dollar inflows are a temporary fix, economists warn. While these steps aim to stabilize the rupee now, the country must strengthen its balance of payments over the next three to five years. Otherwise, as foreign currency borrowings and deposits mature, the reversed inflows could pressure the rupee again, requiring a robust BoP or larger reserves.
The Economic Times RBI seeks bigger money market access: What draft proposals mean for NBFCs and companies
The RBI has proposed widening participation in India’s term money market by allowing eligible NBFCs, mortgage lenders, companies and financial institutions to lend and borrow short-term funds. The move aims to deepen money markets, improve liquidity access and broaden participation, while imposing prudential exposure limits on eligible non-bank finance firms.
The Economic Times Plan afoot to create index for unincorporated enterprises
The index, proposed by the ministry of statistics and programme implementation (MoSPI), will provide insights into the health of the large yet often difficult-to-measure informal sector.
The Economic Times India's ethanol strategy goes against the grain
India is pioneering a unique mobility transition, blending electric vehicles with ethanol-powered engines, unlike China and Europe's EV-centric approach. The government's push for higher ethanol blends like E85 aims to decarbonize transport while extending the life of internal combustion engines. However, automakers and consumers are cautious, highlighting infrastructure and consumer confidence challenges in this accelerated shift.
The Economic Times Big Four rethink partnership as AI changes the game
India's Big Four accounting firms, Deloitte, PwC, and EY, have surpassed 1,000 partners each, driven by rapid expansion, especially in technology consulting. This growth strains the traditional partnership model, demanding leaders adept at managing diverse businesses, embracing AI, and navigating constant reinvention. The shift necessitates a focus on innovation and adaptability to secure future success.
The Economic Times China, India see top firms lose market cap share in AI lag
Major stock markets in China, India, and Hong Kong are lagging in the global AI race, with top companies now holding a smaller market share. This contrasts with Taiwan and South Korea, where AI leaders have significantly boosted their benchmarks. While diversification can offer stability, the absence of dominant AI players in these Asian markets is hindering their performance, prompting investors to seek clearer AI associations.
The Economic Times HDFC Bank likely to reappoint Sashidhar Jagdishan as CEO for third term
HDFC Bank's board is poised to reappoint Sashidhar Jagdishan as MD & CEO for a third term following external legal reviews clearing the bank of concerns raised by a former chairman. While the board and Macquarie Capital support Jagdishan, the RBI's approval remains crucial, with analysts noting the regulator may consider broader factors. The bank's elevated loan-to-deposit ratio, a post-merger challenge, is also a point of consideration.
The Economic Times Amazon, Flipkart spark quick commerce price war as Blinkit, Instamart hold the line
India’s quick-commerce market is back in a discounting spiral. Amazon and Flipkart are turning up the heat, but incumbents Blinkit and Swiggy Instamart are largely refusing to dive into the price war as they prioritise profitability, industry executives said.
The Economic Times Hormuz traffic eases; Iran revives crude supply pitch to India
Maritime traffic through the Strait of Hormuz is normalizing, with most India-bound energy shipments successfully navigating the chokepoint. Iran has signaled its readiness to resume crude oil exports, engaging in discussions with India following the lifting of sanctions. This development could significantly ease energy supplies to India, as Tehran seeks to broaden its customer base beyond China.
The Economic Times Households rush to cash out old gold amid fears of a crash
Indian households are cashing in on high gold prices, selling nearly 50 tonnes of old jewellery in the last quarter, a 43% jump year-on-year. Fearing a price drop from ₹1.4 lakh to ₹1.2 lakh per 10 gm, consumers are opting for cash over new ornaments. This trend fuels the organised gold recycling industry, bringing idle gold back into circulation and reducing import reliance.
The Economic Times Stocks adrift, oil up as US-Iran halt renewed attacks
Asian stocks showed mixed performance as Iran and the US signaled a de-escalation of recent hostilities, though oil prices remained elevated due to ongoing uncertainty. Investors are also grappling with concerns over stretched valuations in AI-related companies, leading to a tactical rotation in the market. The dollar's strength, near a one-year high, is putting pressure on gold prices.
The Economic Times Iran and US agree to halt attacks and renew talks, U.S. official says
Tensions ease in the Gulf as Iran and the US agree to halt recent hostilities and resume talks on the Strait of Hormuz dispute. This de-escalation follows days of strikes and counter-strikes, with both nations accusing each other of violating a June 17 interim peace deal. Diplomatic efforts are set to continue in Qatar, offering a glimmer of hope for stability in the crucial energy shipping route.
The Economic Times CEAT eyes double-digit volumes, bets on fresh price hikes to pass on high input costs, CFO says
CEAT anticipates sustained double-digit volume growth for the next three to five years, despite recent price hikes to offset rising raw material costs. CFO Kumar Subbiah highlighted that natural rubber prices remain at a 15-year high, impacting margins. The company is strategically diversifying its customer base to mitigate geopolitical risks and plans significant capacity expansions in passenger car, two-wheeler, and truck radial tyre segments.
The Economic Times RBI nudges banks to offer better forex rates to retail customers
The Reserve Bank of India is pushing banks to offer better foreign exchange rates for individuals and small businesses. A new platform allows direct trading at inter-bank rates, aiming to eliminate the higher mark-ups previously charged. This move seeks to bring transparency and fairness to forex transactions, ensuring smaller customers get deals comparable to larger corporations. The RBI will now monitor bank performance on this initiative quarterly.
The Economic Times Cold war over ice cream: A three-decade old Vadilal family feud returns to Bombay High Court
A three-decade-old family pact dividing the Vadilal ice cream brand is now a legal battleground. The Mumbai branch has sued the Ahmedabad branch in Bombay High Court, seeking to prevent interference with its ice cream and juice business. Allegations of sabotage and failed buyout attempts fuel the dispute, with a court order pending on interim relief.
The Economic Times Ind review finds no merit in ex-HDFC Bank chief Atanu Chakraborty's claims
HDFC Bank's extensive legal review found no evidence in board records to support concerns raised by former Chairman Atanu Chakraborty's resignation. The three-month investigation by domestic and US law firms examined meeting minutes, documents, and interviewed key personnel. This thorough process aimed to ascertain if Chakraborty's allegations had any basis in official communications or recorded dissent.
The Economic Times Global tourism boards bet big on Indian travellers to power growth
Thailand is actively wooing Indian travelers with the promise of Tomorrowland and easier travel, aiming for over 2.5 million visitors by 2026. Abu Dhabi also sees India as a key market, enhancing connectivity and promoting events. Kenya anticipates a surge in Indian tourists, expanding beyond wildlife. Sri Lanka and Japan are also experiencing significant growth in Indian visitors, driven by improved access and diverse attractions.
The Economic Times No smooth landing: ICRA sees Indian airlines' losses widening up to ₹38,000 crore in FY27
India's aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revision stems from a weaker rupee, soaring fuel costs, higher aircraft lease rentals, and subdued passenger demand, exacerbated by the West Asian conflict.
The Economic Times Trump threatens 100% tariff on any country that imposes digital services tax
UTrump threatens 100% tariff on any country that imposes digital services tax.
The Economic Times Supplier gaps, invoice compliance, credit access continue to hit 5 in 10 MSMEs: Survey
MSMEs are embracing digital procurement for better pricing and efficiency, yet face persistent hurdles in supplier management and payments.
The Economic Times Corporate Mitra scheme to commence with 2,000 participants
Corporate Mitras will provide affordable support to Micro, Small and Medium Enterprises (MSMEs) in various areas, including regulatory compliance, GST, accounting, financial guidance, cost accounting and secretarial services.
The Economic Times ITC's packaged foods business crosses $2 billion in revenue
ITC's packaged food business soared past $2 billion in FY26, with overall FMCG consumer spending reaching Rs 37,000 crore. This growth was fueled by premium product launches and a favorable tax environment. While the food segment remains the largest FMCG contributor, other businesses saw modest gains. The company faces challenges from increased cigarette taxation but remains optimistic about its market position.
The Economic Times Eighth Pay Panel may stay cautious on fitment factor
While the Commission hasn't yet finalised its recommendations, early discussions suggest that the fitment factor could remain close to the 2.57 multiplier adopted by the Seventh Pay Commission, even as employee unions continue to push for a higher revision.
The Economic Times India Inc profit hit from West Asia tensions to halve if truce holds, Crisil says
Corporate India's profitability impact from the West Asia conflict is now expected to be half of initial fears, with Crisil Ratings predicting a 100-basis-point hit to operating margins in fiscal 2027. This revised outlook follows crude oil price corrections after the Strait of Hormuz reopened. While most sectors anticipate minimal disruption, airlines and specialty chemicals may face continued pressure. Geopolitical risks, however, remain elevated.
The Economic Times RBI issues final norms to expand credit derivatives market, allows wider CDS use
The Reserve Bank of India (RBI) has issued the final directions for expanding the country's credit derivatives market, paving the way for wider use of instruments such as Credit Default Swaps (CDS) and total return swaps, as per a statement by the apex bank on Thursday.
The Economic Times SEBI clears Sathya Agencies' Rs 600 crore IPO
The company plans to utilise the net proceeds from the fresh issue towards repayment or prepayment of certain borrowings, payment of part of the purchase consideration for the acquisition of its subsidiary, Unilet Appliances Private Limited, and general corporate purposes
The Economic Times India ends restrictions on commercial gas after supply from Mideast eases
India has removed restrictions on supplies of commercial liquified petroleum gas imposed during the Middle East war when energy supplies were hit by the closure of the Strait of Hormuz. India, the world's most populous country, is the second-largest importer of LPG, much of it from the Middle East.
