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The Economic Times
The Economic Times Zee cuts staff by about half at Bengaluru's Technology & Innovation Centre to reduce costs
Zee Entertainment has halved its workforce at its Bengaluru Technology and Innovation Centre as part of cost-cutting measures recommended by a company-formed review panel. The decision, approved by MD and CEO Punit Goenka, follows suggestions from the committee, including reducing losses and cutting costs, particularly at the technology center.
The Economic Times Rs 70,000 crore pipeline awaits IPO market in FY25, featuring some household names
Companies raised Rs 62,000 crore through initial share sales in fiscal 2024 and the pipeline looks equally strong. As much as Rs 70,000 crore worth of offerings are expected to hit the markets next fiscal with some big names in the mix.
The Economic Times Amidst regulatory scrutiny, banks look for 'audit ready' partners for co-branded cards biz
With co-branded credit cards on the rise, there's still an air of doubt on what co-branded credit cards are, how the business is like for banks, how profitable the business is, what banks should do amidst the regulatory glare in the segment and more. Through a detailed FAQ and inputs from industry experts, ETBFSI gives you the nitty-gritties of the co-branded cards business. Here's everything you need to know:
The Economic Times After Rs 1,823-crore notice, Congress cries 'bias, tax terrorism'
Congress alleges bias by income tax dept with Rs 1,823.08 crore notice while BJP owes Rs 4,600 crore. The opposition party has levelled allegations against the ruling establishment, claiming they are employing "tax terrorism" tactics against the Congress ahead of the general election.
The Economic Times Jerome Powell says Fed wants to see ''more good inflation readings'' before it can cut rates
The combination of sturdy growth and decelerating inflation has raised hopes that the Fed is engineering a "soft landing'' - taming inflation without causing a recession. The central bank has signalled that it expects to reverse policy and cut rates three times this year.
The Economic Times Bad bank does two years' worth of business in one week, buys over Rs 24,000 cr of debt just before FY24 ends
NARCL completed transactions of ₹24,000 crore in bank debt during FY24. It transferred road assets, including Metenere and Simplex Infrastructures. With these acquisitions, the total debt held by NARCL will almost double to Rs 48,652 crore, up from the Rs 25,000 crore acquired by the bad bank so far. However, it is still not close to the Rs 82,845-crore target set in 2022.
The Economic Times FTAs and new markets will increase India's export to USD 1 trillion by 2030
With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.
The Economic Times Startups looking to reverse-flip must pay tax: Piyush Goyal
Indian-origin startups considering relocating to India face tax implications, aiming for better valuations. Minister Goyal emphasized using tax revenue for social development. Walmart paid significant taxes during PhonePe's separation. Angel tax and valuation norms are being regulated for startup balance.
The Economic Times Mamaearth parent Honasa targets Gen Z users with cosmetic brand Staze
Honasa Consumer diversifies into colour cosmetics with Staze, targeting young consumers with affordable products. The company's strategic expansion aims to capture a share of the growing beauty market by introducing new brands and categories.
The Economic Times Govt's gross liabilities rise to Rs 160.69 lakh crore at Dec-end: Finance Ministry
The finance ministry reported a slight increase in the total gross liabilities of the government to Rs 160.69 lakh crore by December 2023 from Rs 157.84 lakh crore in September. Public debt comprised 90 percent of total gross liabilities during this period. The quarter saw fluctuations in Indian domestic bond yields, influenced by factors like declining crude oil prices, lower-than-expected domestic CPI prints, and news about possible inclusion of Indian Government Bonds in a major global emerging market index.
The Economic Times India can achieve 10 pc growth rate in next decade: RBI deputy guv
RBI Deputy Governor predicts India's economy to become the world's largest by 2050, driven by 10% growth rate. Challenges include increasing female labor participation and enhancing exports, with a focus on high-value tourism and financial services.
The Economic Times Domestic startups come under income tax glare for their recent funding
Notices sent a few weeks ago to multiple startups by the I-T department asking for genuineness, credit worthiness of their investors. Post the notices were served, some startups have been asked to cough up taxes and penalties, if their submissions haven’t been adequate. The tax demands have been arrived at by clubbing the funding with the startup’s income.
The Economic Times CBIC issues SOP for officials to prevent taxpayer harassment
The Central Board of Indirect Tax and Customs (CBIC) has approved a detailed standard operating procedure (SOP) for officials of the Directorate General of GST Intelligence (DGGI) to improve the ease of doing business and prevent harassment of taxpayers during tax investigations, summons, and searches.
The Economic Times Byju's offers warring investors to participate in funding, secures 50% votes on rights issue
Byju Raveendran, founder and CEO of Byju's, said in a letter to shareholders that despite the “animosity shown by some of the investors in pursuing uncalled for legal actions”, the company continues to show ‘good faith’ towards all the shareholders and would like them to be part of the turnaround story.
The Economic Times Amul summer product categories to grow by 40-50%
Amul India navigates cocoa price surge impact by passing on costs to consumers. However, as Amul is still a value for money brand, it would pinch the consumers. Partnerships with CAMPCO aid cocoa bean producers. Expansion into the US fresh milk market and focus on ice cream and beverage SKUs drive growth expectations of 45-50%.
