The Economic Times The Economic Times

The Economic Times Rajneesh Garg appointed as Chief Information Officer of ECU Worldwide

Rajneesh Garg Appointed as Chief Information Officer of ECU Worldwide to lead tech transformation and software applications management.

The Economic Times Focus on capex and review MSME schemes, ASSOCHAM urges finance minister in pre-budget talks

Deepak Sood, Secretary General of ASSOCHAM called for improving the ease of doing business by setting up a National Single Window System (NSWS) and decriminalizing economic offenses to create a more business-friendly environment.

The Economic Times Where is India’s Nvidia?

We are miles away from building a company equivalent to Nvidia. But my question is, are we thinking about it? Do we have a thought process or any plans? I haven't heard anyone talking about even building a trillion-dollar company. Well, it's a gigantic proposition but shouldn't India think about it?

The Economic Times LEDs... and ACtion: White goods PLI may see light of day, again

The government is considering reopening the Production-Linked Incentive Scheme for White Goods (PLIWG) to boost domestic manufacturing of high-value components like compressors, copper tubes, and aluminium foils. The Department for Promotion of Industry and Internal Trade (DPIIT) is reaching out to industry players to gauge their interest in investing in the scheme, which aims to increase production of air-conditioner and LED light components.

The Economic Times Unicorn count may rise to 152 in 5 years with valuation over $1 billion

According to the ASK Private Wealth Hurun India Future Unicorn Index 2024, India is poised to witness the addition of at least 152 new unicorns (startups valued over $1 billion) from 31 cities over the next 3-5 years. This growth would expand the current count of 67 unicorns. Throughout the year, there has been notable activity in the future unicorn list, with 25 startups dropping off. Additionally, 12 companies were downgraded from gazelle status to cheetah, while 10 moved up from cheetah to gazelle.

The Economic Times Lufthansa-Air India partnership can extend beyond Star Alliance: Carsten Spohr

Lufthansa and Air India are exploring opportunities to deepen their collaboration within the Star Alliance framework, aiming to enhance customer benefits and market presence.

The Economic Times Ola Electric secures Sebi approval for Rs 5,500 crore IPO

Ola Electric's IPO would be the first by an EV startup in the country and amongst the biggest new-age IPOs this year. The Bengaluru-based company had filed its DRHP with Sebi on December 22, proposing to raise up to Rs 5,500 crore through a fresh issue, apart from an OFS component of 95.2 million shares.

The Economic Times India’s online gaming sector needs tax certainty against retrospective taxation

The online gaming industry in India is currently navigating a tumultuous phase, marked by substantial tax demands under the Goods and Services Tax (GST) law from July 2017 to September 2023.

The Economic Times Hike capex by 25%, reduce GST slabs to maximum of 3 in Union Budget: FICCI tells Nirmala Sitharaman

Budget 2024: Industry lobby group FICCI in pre-budget consultation with Finance Minister Nirmala Sitharaman in Delhi emphasized the need to support growth momentum, infrastructure development, rein in food inflation, support MSMEs, and prioritize innovation and research & development for accelerated growth.

The Economic Times Centre urges states to align labour rules with model guidelines, WB asked to draft rules for all labour codes

Labour secretary Sumita Dawra chaired a virtual meeting with labour secretaries and labour commissioners of all 36 states and union territories on Thursday to gauge the readiness of all states to roll-out the Code and to assess the quality of pre-published draft rules by the states.

The Economic Times Nvidia loses top spot to Microsoft after 3% drop

Nvidia, whose market capitalisation surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88.

The Economic Times RBI flags pursuit of growth at cost of risk buildup

India's banking regulator cautioned lenders against pursuing 'mindless' business growth to avoid exposing the financial system to risks. RBI Governor Shaktikanta Das emphasized the importance of balancing business growth with risk management.

The Economic Times Stanley Lifestyles Group CFO Discusses IPO Plans and Growth Strategy

In a recent interview with ET CFO, Pradeep, the Chief Financial Officer of Stanley Lifestyles Group, shared insights about the company's upcoming IPO, strategic plans, and financial health.

The Economic Times Vedanta to raise Rs 1,000 crore via debt issue; stock spikes 6%

The billionaire Anil Agarwal-led Vedanta is in the middle of splitting into six different units in a move aimed at shoring up the group's financial performance

The Economic Times SBI Chairman pitches for tax relief on interest income in Budget

"If at all some relief could be given in the Budget regarding tax on the interest earnings, it will be an incentive to depositors. Eventually, the banking sector uses deposits mobilised for the capital formation in the country," Khara told PTI in an interview.