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The Economic Times Inflation sustainably moving towards RBI target enough for a rate cut: Ashima Goyal

Ashima Goyal emphasized India's resilience to supply shocks and anchoring of inflation expectations. Bhide expects food inflation to ease in 2024. Both acknowledged inflation risks from geopolitical tensions.

The Economic Times AdaniConneX in talks with banks to raise $900-950 million

This funding has been structured with an interest rate of 250-260 basis points above the Secured Overnight Financing Rate (SOFR) and a tenure of six years. SOFR is currently 5.3%, the person said. The proceeds will be used for expanding its data centre capacity.

The Economic Times India's net direct tax kitty at Rs 19.58 lakh cr, exceeds revised estimates by Rs 13k cr

India's net direct tax collections surged by 17.7% year-on-year to Rs 19.58 crore in fiscal year 2023-24, exceeding revised estimates by Rs 13,000 crore, reflecting economic buoyancy and rising income levels. Gross direct tax collections (provisional) for FY 2023-24 rose 18.48% to Rs 23.37 lakh crore, with refunds totaling Rs 3.79 lakh crore.

The Economic Times Track fishy transactions, RBI tells payment firms

In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent any potential misuse of electronic fund transfer mechanisms to influence voters or indirectly fund candidates who are participating in the elections.

The Economic Times Top IT firms saw wage bills rise 5.5% even as revenue growth dips

IT companies' cumulative wage cost rose by Rs 18,036 crore in the fiscal year. Experts said this was due to continuity in lateral hiring in high-demand areas such as AI, machine learning, and cloud and engineering services, coupled with the salary increments, even though they are in the lower single digits.

The Economic Times Companies now investing in premium office fit-outs

Savills India data reflects a shift towards premium spaces, while tech players like Tushar Mittal drive demand amidst a growing construction industry.

The Economic Times HSBC Geneva leak: ITAT says data is old, bank balance can't be taxed

In a decision that could have a bearing on other `HSBC account’ cases, a tax tribunal last week has ruled that the I-T department cannot go back 16 years to reopen old matters to tax the ‘peak balance’ lying in such bank accounts. Why? Because, according to the Mumbai bench of the Income Tax Appellate Tribunal --- a quasi judicial authority --- a bank balance reflects 'assets' and not ‘income’, and, under the law, only income can be taxed.

The Economic Times Q4 results today: RIL among 15 companies to announce quarterly earnings

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses of Jio and retail.

The Economic Times FDI reform 2.0: Banking, defence, insurance reforms on table

Officials said that although the bulk of the heavy lifting in terms of FDI reforms has been completed, talks are ongoing to see if conditions for these key sectors can be further eased. Any changes will be made after the elections that end on June 1.

The Economic Times Once Adani-heavy, 8 FPIs look to settle with Sebi

The legal representatives of eight FPIs - Albula Investment Fund, Cresta Fund, MGC Fund, Asia Investment Corporation (Mauritius), APMS Investment Fund, Elara India Opportunities Fund, Vespera Fund and LTS Investment Fund - have filed a total of 16 settlement applications with Sebi.

The Economic Times What are the essential checkpoints for GST compliance in FY25?

From annual submission form GSTR-4to verification and reconciliation of credit and cash balances on the GST portal, finance personnel need to cater to several GST related compliance during this fiscal.

The Economic Times MPC keen to keep lid on inflation, show minutes

In the last monetary policy committee (MPC) review on rates earlier this month, the panel decided to keep the policy rates unchanged, stretching the status quo on the cost of funds to at least 16 months.

The Economic Times Investment proposals from border nations: 201 denied, 124 approved

As per a 2020 amendment, "an entity of a country, sharing land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route".

The Economic Times Offer-for-sale for Hindustan Zinc likely in three months, says CEO

"An OFS was always on the cards, and it was to be done last year itself," Misra said in an exclusive interaction with ET. "The government is of the opinion that restructuring is not to be done now, and our opinion is that, in that case, the OFS should be done now," he said. Hindustan Zinc had proposed a corporate restructuring in September last year, where it looked to create three different entities for zinc and lead, silver and its recycling business.

The Economic Times Elon Musk defers India visit until after elections

Elon Musk delays India visit until after elections, canceling meetings with PM Modi and startups. Uncertainty surrounds discussions on EV plant, Starlink service, and global mobile broadband.