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The Economic Times
The Economic Times DBS Foundation grants SGD 3.7 million to 24 Impactful Businesses, 5 from India
The five Indian BFIs were among the 24 finalists for the DBS Foundation grant from across Asia.
The Economic Times India Inc leans towards domestic arbitration for dispute resolution over lengthy litigations
The survey by law firm Khaitan & Co shared exclusively with ET, showed that companies will use domestic arbitration for both small disputes (75%) and large disputes (85%) over any other dispute resolution mechanism.
The Economic Times CreditAccess Grameen, Jana Small Finance Bank receive income tax notices
The income tax demand was against a deduction claimed by the company. "The company is of the opinion that the said demand notice is based on incorrect facts and assumptions, and hence the management is confident of taking up this with the IT department explaining the full facts of the case," the company said in a regulatory filing to stock exchanges.
The Economic Times GenAI can be a gamechanger for tax compliance: PwC study
At present, there is usually a time gap between the specific regulatory requirements and readiness of an organisation to be able to correctly furnish large amounts of data at the outset. With GenAI, managing complex tax compliances can become easier, the study noted.
The Economic Times Enough opportunities in smallcaps, but largecaps offer better value: Krishna Sanghavi
Krishna Sanghavi predicts India's shift towards manufacturing for export and import substitution will drive growth in core economy sectors. He emphasizes the importance of capacity building to meet future demand and promote consumerism, aligning with the evolving market trends. Sanghavi also says: "For now, largecaps offer as overall space far more value, far more investable opportunities. "
The Economic Times CFOs prioritize employee compensation in budget allocations, reveals Gartner survey
Amidst the financial landscape of 2024, CFOs are intensifying their focus on elevating employee compensation, as revealed by a recent survey conducted by Gartner Inc., reflecting evolving trends in budget allocations and retention strategies.
The Economic Times TVS Motor inducts two new independent directors
Kuok Meng Xiong would step down as an independent director effective close of business hours of the ensuing annual general meeting 2024, owing to his increased business commitments and personal reasons, said a company statement.
The Economic Times India needs to grow at 8 pc on sustained basis to create sufficient jobs: KV Subramanian
India needs to grow at 8 per cent on sustained basis to create sufficient jobs to reduce poverty and inequality, India's executive director at International Monetary Fund (IMF) Krishnamurthy Venkata Subramanian said on Wednesday. India's economy grew by better-than-expected 8.4 per cent in the final three months of 2023 - the fastest pace in one-and-half years.
The Economic Times NCLAT directs PSBs to not take coercive action against IL&FS, its board
The NCLAT direction came on Tuesday over an urgent plea moved by the newly appointed board of debt-ridden IL&FS, seeking direction to the banks restraining them from initiating or pursuing any proceedings for declaration as willful defaulter against its group companies and their officials.
The Economic Times Direct selling industry grew 12% in 2022-23, crosses Rs 21,000 crore in turnover: IDSA
Indian Direct Selling Association and Kantar's report revealed a 12% industry growth to Rs 21,282 crore turnover. The sector aims to strengthen with government support, distinguishing from fraudulent schemes through regulatory amendments.
The Economic Times Oberoi Group to open 50 new hotels by 2030
Oberoi also said that hotel rates need to increase in India. “I sometimes feel our rates in India should be much higher. I urge all our colleagues to drive rates up. Because we have amazing hotels. Whether it’s Taj, Leela, or Oberoi. Our hotels are world class in India,” he said.
The Economic Times No action on summons against Subhash Chandra for 3 weeks in fund diversion case: Sebi to HC
Sebi halts action on Chandra's summons after court challenge. Accusations of predetermined probe. Justices permit 3-week pause. Mustafa Doctor mentions key dates. Involves stock market regulator.
The Economic Times Air India has changed since its takeover by Tata Group, says CEO Campbell Wilson
The company said the retrenched employees consisted of less than 1% of its headcount and had not taken the voluntary retirement scheme or reskilling opportunities given by the airline. Air India has followed all regulations including paying adequate compensation to the laid off employees, it said.
The Economic Times Hinduja company taps Japanese banks to fund Reliance Capital buy
Japanese banks may derive comfort from Reliance Capital's association with Nippon Life, a joint venture partner of the former, according to the sources. The two together run a life insurance joint venture in India.
The Economic Times Fed still sees three rate cuts in 2024 amid sticky inflation, stronger economy
The Fed's new policy statement described inflation as remaining "elevated," and updated quarterly economic projections showed the personal consumption expenditures price index excluding food and energy rising at a 2.6% rate by the end of the year, compared to 2.4% in the projections issued in December.
