The Economic Times The Economic Times

The Economic Times Tatas keeping a close eye on pledged shares as Shapoorji Pallonji goes on Rs 20,000-cr fundraise

"Indian lenders and their credit committees would need to evaluate whether their inability to transfer or sell the security in a default situation represents an acceptable risk," said one of the persons.

The Economic Times Unleashing animal spirits

What will make CFOs borrow big and sign cheques for fresh capex? The government is pitching hard for manufacturing but the majority of the companies are going ahead mostly with working capital loans. What will make them invest heavily and push the capex cycle? What kinds of indications are CFOs waiting for?

The Economic Times India can grow at 9% by implementing a few more reforms: Arvind Panagariya

The 16th Finance Commission chairman attributed India's progress to Prime Minister Narendra Modi's efforts in creating a conducive environment for businesses, leading to increased investments.

The Economic Times Adani family invests another Rs 6,661 crore in Ambuja Cement

Adani family invests Rs 6,661 crore in Ambuja Cement, increasing stake to 66.7%. The fund infusion will be instrumental in increasing the capacity to 140 million tonnes per annum by 2028.

The Economic Times Growing at closer to 18% per annum very possible for Federal Bank: Shyam Srinivasan

Shyam Srinivasan, MD & CEO of Federal Bank, projects 15-18% bank growth, emphasizes NIMs importance, foresees sustained deposit growth, and anticipates potential rate cuts in the future based on inflation outcomes. He says: "We have a reasonable presence now in the south. We are looking at increasing our presence in the west, in particular the bigger metros like Mumbai and adjacent cities."

The Economic Times 'Go First lenders yet to decide on bids, airline's revival likely to be delayed'

Both bidders had increased their bids earlier this month after initial scrutiny by lenders, necessitating an extension to complete negotiations, people familiar with the process said. "The committee of creditors (CoC) will meet either this week or early next week to finalise the extension of the timeline since a few more days will be needed to scrutinise and finally decide on the bids that are currently on the table," said a person aware of the process.

The Economic Times More women running startups, on company boards: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman highlighted the increasing presence of women in startups and on company boards in India. Government schemes like Stand Up India and PM Mudra are empowering women entrepreneurs, with Swiggy recognizing and celebrating women's contributions to the F&B industry.

The Economic Times RBI gives banks and NBFCs a breather on AIF investments

The RBI has said that provisioning will be required only to the extent of the RE's investment in the AIF scheme that is further invested in the debtor company, rather than on the entire investment in the AIF scheme.

The Economic Times Nearly 78% employees in India experience job burnout, says UKG study

About 64% employees would readily accept a workload reduction for a commensurate pay cut, indicating that a majority of employees recognise the importance of a healthy work-life balance and are willing to prioritise it over financial gain. However, the study also shows that nearly 89 % of employees in India claim to be highly motivated by challenges and extra responsibility at work, while 76% believe that their work is more than just a ‘job’ to them and has a special meaning.

The Economic Times RBI releases FY25 schedule for Monetary Policy Committee meetings

Wednesday's dates are for the next financial year, with meetings scheduled all the way till February, next year. The second meeting will be held from June 5-7 while the next meeting is scheduled between August 6-8.

The Economic Times Indian Premium League: Premiumisation picks up pace for large consumer goods companies

More than 70% of the new products launched by India's largest consumer goods maker Hindustan Unilever in last two years were in the premium segment. Around 65% of all new personal care product launches were in the premium segment for ITC Ltd, doubling the contribution of such products to the division's sales in the last four years to 38%. For the largest biscuit maker Parle Products, around 60-65% of new launches were in the premium segment as compared to 40% pre-Covid.

The Economic Times Pool of ‘unemployed CXOs’ grows as old firms refuse to match startup salaries

“There are a large number of unemployed CXOs in the startup ecosystem – many of them are currently jobless, because neither are they willing to take pay cuts nor are they able to land a job in a large company that find them overpriced,” said Mayank Kumar, cofounder of edtech major upGrad. “Inflated salary and CXO designations are the two main reasons coming in the way of getting them another job,” he added.

The Economic Times Govt to borrow Rs 7.5 lakh crore in H1FY25: Finance Ministry

The government outlines an ambitious borrowing plan, aiming to secure Rs 7.50 lakh crore, over half its annual target for FY25, in the first half of the fiscal year, alongside strategic debt management measures.

The Economic Times Reliance Power's 2 subsidiaries settle Rs 1,023-cr debt

Reliance Power's subsidiaries settled debt of Rs 1,023 crore with Reliance Commercial Finance, owned by Authum Investment. The debt settlement follows the sale of a wind power project in Maharashtra. Reliance Power aims to become debt-free by March 31, 2024, after selling assets to retire debts.

The Economic Times Indian lenders and Gazprombank in talks for deepening banking services

Indian lenders and Russia's Gazprombank are in early-stage discussions to establish correspondent banking services for cross-border payments and trade support. Gazprombank aims to expand its operations in India and has engaged with Indian bankers to explore strengthening banking ties. The talks come amid challenges in international trade due to US-led sanctions on Russia. Gazprombank shared details on sanctions and compliance protocols, while Indian banks discussed exploring bilateral payments through the special rupee vostro account (SRVA) mechanism, permitted by the RBI to promote bilateral trade in local currencies.