The Economic Times
The Economic Times ET Exclusive: Hiring sentiment most upbeat at Indian companies for December quarter
India's hiring sentiment for the December quarter is the strongest among 42 countries, according to a ManpowerGroup survey. With 50% of employers planning to hire more people, India's net employment outlook stands at 37%. The financials and realty sectors have the highest hiring intentions, followed by IT and industrials.
The Economic Times Country roads take top tech companies to labyrinths of GST notices
Tax experts say unlike Income Tax, IT companies have to do their GST registration for every state where they have opened their offices and branches. These orders are all related to cases of FY20, whose due date was on August 31, 2024, and thus the reasons for a flurry of notices before the due date. In some cases, IT firms also delayed their filings with BSE because of the coincidence of weekend falling on last month’s end.
The Economic Times As HUL reviews ice-cream biz, cos line up for a scoop
Hindustan Unilever has set up a committee of independent directors to evaluate the future of its ice-cream business, sparking interest from companies like RJ Corp, MMG Group, and Nestle. Brands such as Kwality Wall's and Magnum contribute about 3% to HUL's annual sales of over ₹60,000 crore.
The Economic Times PwC to bring UK partner for help after Evergrande scandal hurts operations in China: Report
PwC is set to appoint UK partner Hemione Hudson to lead its China business following the Evergrande fallout. Chinese regulators are expected to impose a six-month suspension and a fine of at least 400 million yuan on PwC's auditing unit in mainland China due to its role in auditing Evergrande.
The Economic Times ED charges Rashmi Saluja, 2 other Religare executives with cheating
The Enforcement Directorate has filed a case against Religare Enterprise chairperson Rashmi Saluja and two other officials for cheating and criminal conspiracy. They are accused of derailing a takeover by the Burman family and making unlawful gains through Employee Stock Options. The company denies the allegations.
The Economic Times Reliance in pact with Israeli apparel company Delta Galil
Reliance has partnered with Israeli firm Delta Galil to form a joint venture for designing and selling lingerie in India. This collaboration will compete with Page Industries, known for brands like Jockey. The venture will also introduce Delta's global brands to the Indian market, expanding Reliance's already significant presence in the innerwear segment.
The Economic Times Gautam Adani's plan to invest $1.85 billion in Kenya’s largest airport blocked by court
Kenya’s High Court has temporarily paused a government plan to transfer the management of Nairobi's Jomo Kenyatta International Airport to Adani Group. The 30-year lease proposal has sparked controversy, with Kenya’s aviation union raising concerns about potential job losses and foreign workers replacing locals. The Adani Group has yet to comment on the situation. This legal development follows last month's call for a strike by the Kenya Aviation Workers Union in opposition to the deal.
The Economic Times Dixon to make laptops, computers for HP in India at a factory in Tamil Nadu
HP Inc. and Dixon Technologies' Padget Electronics have signed an MoU to manufacture HP laptops, personal computers, and all-in-one systems in Tamil Nadu. The announcement, made by Union Minister Ashwini Vaishnaw, highlights the success of the Production Linked Incentive scheme under the Make in India initiative. The new facility is expected to create approximately 1,500 jobs initially.
The Economic Times India Inc sees 63 pc surge in deal value at $8.7 billion in August: Report
India Inc saw a huge 63 per cent increase in deal value for the month of August at $8.7 billion amid geopolitical challenges, as telecom, energy and EV sectors shined, a report showed on Monday.
The Economic Times GST Council Meet: New GoMs on insurance & compensation cess to B2C e-invoicing pilot, here are key highlights
The 54th GST Council meeting concluded on Monday unveiled major reforms, including new Groups of Ministers, tax rate adjustments, and a voluntary B2C e-invoicing pilot, shaping India's tax landscape. ETCFO brings to you key highlights
The Economic Times GST Council Meeting Key Takeaways: Check all key decisions by Nirmala Sitharaman & Co
54th Gst Council Meeting Key Takeaways: The 54th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is taking place in New Delhi. Key agenda items include reducing GST on health insurance premiums, taxing online payments above Rs 2,000, and addressing Infosys' tax notice of Rs 32,400 crore. State finance ministers and senior officials are also in attendance.
The Economic Times GST on online gaming resulted in 412% more revenue in six months, netted ₹6,909 crore, says Finance Minister Sitharaman
Finance Minister Nirmala Sitharaman announced a significant increase in revenue from online gaming, with a 412 percent jump to ₹6,909 crore in six months. This follows the implementation of a 28 percent GST on both skill-based and chance-based online games starting October 1, 2023. Casinos also saw a 30 percent revenue increase. India has 442 million gamers, making it the second largest market globally, with the industry expected to grow significantly.
The Economic Times Namkeens to get cheaper as Centre announces GST cuts
At the 54th GST Council meeting on Monday, the Centre decided to cut down on the cost of namkeen and savoury products, announced Finance Minister Nirmala Sitharaman at the press meet after the meet. The GST rate on such products have been reduced prospectively to 12 percent from 18 percent, she said.
The Economic Times GST Council defers announcement on insurance premiums, matter to be taken up in next meeting
GST on Health Insurance: The GST Council has postponed a decision on reducing the GST rate for health and life insurance premiums, currently at 18 per cent. The matter will be discussed in the next meeting. This delay affects potential financial relief for policyholders, including senior citizens.
The Economic Times Saurashtra Cement appoints Pradeep Mehta as CFO
Saurashtra Cements has announced the appointment of Pradeep Mehta as its new Chief Financial Officer, following the retirement of Virendra Raj Mohnot on September 8, 2024.