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The Economic Times Morgan Stanley raises India's GDP growth expectation for FY25 to 6.8%

The forecast for FY24 GDP stood at 7.9%. "We expect GDP growth to track at around 7% in QE Mar-24 with GVA growth of 6.3% and thus F2024e GDP growth of 7.9%," the company said in its report.

The Economic Times Fintech is making global payments its business

Razorpay, Cashfree, PayGlocal, and new entrants rush for RBI's PA-CB licence to tap into lucrative B2B cross-border payments market. Fintechs eye big share of $250B SME exports, focusing on high margins and expanding services.

The Economic Times Wherehouse? Spice, dry fruit importers facing GST heat

The Goods and Services Tax (GST) authorities have issued notices to around 50 importers of spices, dry fruits, processed food, and poultry for storing products at warehouses different from the actual place of supply. They seek additional tax payments of approximately Rs 1,000 crore. Some importers have also been warned of registration cancellation.

The Economic Times Bid to widen reach during elections, cricket mania: Companies plan ad splurge for action-packed June quarter

Maruti Suzuki, Tata Motors, Hyundai Motors, Dabur and Godrej Appliances among others said they will be increasing their ad budgets for the next quarter. Overall spending may surpass that of the festive season because of the confluence of events, experts said. Marketers said the increased spend will be on print, broadcast and digital media.

The Economic Times India's CAD narrows to 1.2% of GDP in Q3 due to higher service costs

India's current account deficit (CAD) decreased in the October-December quarter of fiscal year 2023/24 to $10.5 billion, or 1.2% of GDP, compared to $11.4 billion or 1.3% of GDP in the previous quarter. This improvement was primarily driven by higher service exports, with a 5.2% year-on-year growth in services exports, particularly in software, business, and travel services.

The Economic Times CCI clears Adani Power’s purchase of Lanco Amarkantak

Adani Power proposes to acquire a 100% stake and control of bankrupt Lanco Amarkantak following a corporate insolvency resolution process (CIRP), the CCI said. Last month, Adani Power reportedly won the bid for the debt-laden firm for Rs 4,101 crore. “The proposed transaction does not result in an appreciable adverse effect on competition in any plausible relevant market in India. Accordingly, the definition of the relevant market may be left open,” the CCI said.

The Economic Times IRDAI issues series of regulations, tweaks regulation on surrender charges

IRDAI (Insurance Products) Regulations, 2024 merge six regulations into a unified framework aimed at enabling insurers to swiftly respond to evolving market demands, enhancing the ease of conducting business, and boosting insurance penetration. These regulations promote good governance in product design and pricing, including strengthening the principles governing guaranteed surrender value & special surrender value along with disclosures thereof, IRDAI said in a statement.

The Economic Times Tata... Hello! Group back at D-Street, plans to launch several IPOs in 2-3 years

Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing and Tata Batteries are among the list of companies being primed to tap the capital markets. The group has been aggressively looking to scale up in new-age sectors such as digital, retail, semiconductors and electric vehicle batteries, among others.

The Economic Times IndiGo looks to boost productivity and control costs

IndiGo, India's largest airline, has emerged stronger from the Covid pandemic due to its lean cost structure. Despite being completely grounded during the lockdown, the airline now boasts a significant cash reserve of ₹19,199 crore, a 171% increase from March 2021. IndiGo's focus on lowering operating costs while maintaining quality has positioned it ahead of rivals. Looking ahead, the airline aims to double its fleet size by 2030 while maintaining strict cost control.

The Economic Times Kalyani family feud deepens: Hiremath siblings move court for share in HUF assets

The ties between the Hiremaths and Baba Kalyani broke down over control of Kalyani Group company Hikal. The Hiremaths moved the Bombay HC in 2023 alleging that Kalyani wasn't honouring a family arrangement he had reached with his father that pledged to transfer all the Hikal shares to them. Baba Kalyani said the family arrangement of 1994 was just a "note" by his father Neelkanth Kalyani and not a legally binding document. The case is pending in court.

The Economic Times Which sectors offer best prospects, work-life balance for CFOs?

CFOs who reported being approached for new roles more often are being sought after every few months (47%), monthly (28%), and even weekly (8%).

The Economic Times Hurun Billionaire list: How does India compare with China and the US?

Despite the impressive number of billionaires, India's contribution to the global billionaire wealth remains at a modest 7%, indicating room for further growth and wealth accumulation.

The Economic Times Maruti Suzuki to launch its first EV through NEXA channel: Report

Suzuki Motor Corporation in Japan has designed the EV, due for launch in 2025. The company is seeking to export the EV as a made-in-India product to Europe and Japan, the report said.

The Economic Times Zee working on risk mitigation, business continuity: R Gopalan, Chairman

Responding to a question about the likelihood of an adverse Sebi ruling against Zee CEO Punit Goenka and whether the company has a succession plan in place to deal with this situation, Gopalan said that succession planning in a large company like Zee is a natural step in the functioning of the board, notwithstanding the external factors.

The Economic Times Shapoorji Pallonji Group sells Gopalpur Port to Adani Ports

This is the second port divestment in recent months by the construction and infrastructural conglomerate, following the earlier sale of Dharamtar Port to JSW Infrastructure Ltd. for an enterprise value of Rs 710 crore, the company said in a statement.