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The Economic Times Annual inspection of listed firms will protect interest of investors: NFRA chief

The National Financial Reporting Authority (NFRA) plans to conduct annual inspections of major audit firms to ensure compliance with standards and protect investors. The regulator will engage with audit committees and boards, expand inspections, and address issues related to financial statements and auditor independence.

The Economic Times Sebi bars Brick Eagle for violations

It has also taken action against Catalyst Trustee, on whom it imposed a one-year ban on the grounds that it overlooked compliance violations by the fund manager. The ban is only applicable to trustee services provided to funds by Catalyst and not to its mainstay debenture trustee business.

The Economic Times Women contribute only 18% to GDP despite 48% share in population: Study

Indian women contribute only 18% to GDP despite constituting 48% of the population. Advancing women's equality could lead to a $28 trillion increase in global GDP, with India potentially seeing a $770 billion boost by 2025.

The Economic Times NCLT allows 45-day extension for Future unit resolution

The resolution professional of the BSE-listed Future Supply Chain Solutions, Rajan Rawat, sought an extension of 45 days, pleading that two prospective resolution applicants have submitted their bids and lenders have already requested them to increase the value of their plans.

The Economic Times Myntra secures $54 million fund infusion from parent Flipkart

Myntra has been attempting to enhance its portfolio of international brands collections, with premium offerings showing fast growth. This as online fashion in the lower-price segments has lately witnessed a softness in demand.

The Economic Times With 5x the investment, India will be among top semicon producers by 2028: IT minister Ashwini Vaishnaw

The minister said the government will soon notify Telecommunications Bill rules such as right of way and user protection, which don’t need consultations. The next set of rules, which do need public consultations, will be notified after the April-May general elections. He also said Starlink’s satellite web service will be approved shortly. Edited excerpts.

The Economic Times Viacom18-Star merger may face intense CCI scrutiny

The proposed merger between Viacom18 and Star India is likely to face scrutiny from the Competition Commission of India (CCI) due to their significant market shares in the TV and streaming segments. The CCI might order divestment of channels and conduct a detailed investigation.

The Economic Times CXOs feel the heat amid high expectations, low tolerance

Indian CXOs encountered career-threatening events at least once last year – 23% said it was due to board disputes, according to an upGrad Harappa study. Public relations issues, economic downturns, cybersecurity breaches, market changes, regulatory/compliance matters and M&A challenges were among the other issues that leaders had to deal with, that posed a risk to their careers.

The Economic Times Laid off CXOs are much in demand as companies look to hire execs with proven track record

Often roles become redundant as an outcome of consolidation, mergers, restructuring of businesses, regulatory hurdles or funding delays, and top executives who lost jobs due to industry dynamics and uncertainties form a critical talent pool for other companies across sectors, said the officials.

The Economic Times Strong Q3 growth may push likely rate cuts to October

The stronger than expected real GDP growth in the third quarter may prompt RBI to continue the status quo on policy rate. Economists believe the easing cycle may not begin before October. Rate cuts are unlikely, but RBI's communication on liquidity is important.

The Economic Times GST collections for February at Rs 1.68 lakh crore, up 12.5%

Out of the total collections, Central Goods and Services Tax (CGST) stood at Rs 31,785 crore, State Goods and Services Tax (SGST) was Rs 39,615 crore and Integrated Goods and Services Tax (IGST) was Rs 84,098 crore, including ₹38,593 crore collected on imported goods.

The Economic Times Premium segment to clock robust growth over 3-4 years: CK Venkataraman, MD, Titan

“In the significant per-capita income shift that’s expected to happen in the next few years, the top-tier income segment numbers are expected to grow faster than those income segments which are lower,” said Venkataraman, winner of the ET Business Leader of the Year award.

The Economic Times Auto industry to invest $7 bn in 5 years to deepen parts localisation

The Indian auto industry is set to invest up to $7 billion by FY28 to deepen localisation of advanced components, including electric motors and automatic transmissions, to reduce imports and capitalize on multinationals' 'China Plus One' sourcing strategy. The Automotive Component Manufacturers Association (ACMA) reports that automakers and suppliers are likely to make this investment between FY24 and FY28.

The Economic Times Economy on a high growth trajectory due to sustained reforms: India Inc

India's GDP growth in the October-December quarter of FY24 has surpassed expectations, driven by double-digit growth in manufacturing and strong performance in mining, quarrying, and construction sectors. The GDP growth was 4.3% in the October-December 2022 quarter, according to data from the National Statistical Office (NSO). The robust expansion came despite geopolitical flashpoints and is supported by structural reforms and improvements in business ease and cost.

The Economic Times India's April-January fiscal deficit at Rs 11.03 lakh crore, narrows on-year to 63.6% of revised FY24 aim

India's fiscal deficit for April to January, or the first 10 months of this fiscal year, was at 11.03 lakh crore rupees, equivalent to 63.6% of annual estimates, narrowing from the previous year's 67.8%. The government aims to narrow the fiscal gap to 5.8% of GDP in this financial year from 6.4% a year earlier.