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The Economic Times
The Economic Times India among top advocates for office based work, surpasses global average: Report
India is a leading advocate for office-based work, with 90% of firms requiring employees to be in office at least three days weekly. This trend is forecasted to grow. Emphasis on AI and sustainability is transforming workspaces, with 95% planning increased AI investments and 77% upping spending on sustainability initiatives despite planning and integration challenges.
The Economic Times VW India unit faces $1.4 billion tax evasion notice
India has accused Volkswagen of evading $1.4 billion in taxes by misclassifying imports. The notice claims Volkswagen paid lower import taxes on car parts than required. The company should have paid $2.35 billion since 2012 but only paid $981 million. Volkswagen is currently examining the notice and cooperating with authorities.
The Economic Times What is Mulehunter.Ai, the AI tool RBI is promoting to detect and flag accounts used for financial fraud
The Reserve Bank Innovation Hub is promoting an AI tool, Mulehunter.Ai, to identify mule accounts used for money laundering. So far, two major public sector banks have implemented it, with ten more in discussions. According to RBIH CEO Rajesh Bansal, the AI tool offers higher accuracy and efficiency compared to traditional methods.
The Economic Times Thanksgiving sales generated $33.6 billion in online sales globally: Salesforce
Black Friday sales have become a phenomenon not just in the US but in India as well. Retailers like Amazon, Flipkart and others are offering deep discounts. Black Friday is observed the day after celebrating Thanksgiving on the fourth Thursday of November.
The Economic Times Camfil India Expands Manufacturing Footprint with New Manesar Plant to Boost Capacity and Support Adoption of IS 17570:2021/ ISO 16890:2016 Standards
Manesar (Haryana) [India], Camfil India proudly announces the inauguration of its new, larger manufacturing facility in Manesar, marking a pivotal moment in the company's growth and commitment to delivering advanced air filtration solutions. This strategic expansion reflects Camfil India's dedication to meeting the increasing market demand while supporting India's adoption of global standards, specifically IS 17570:2021/ ISO 16890:2016 for Air Filters.
The Economic Times India’s electronics sector is a $500 bn growth story by 2030; Amber, Kaynes could give 10-20% return
India's electronics manufacturing sector is set for growth, driven by government policies and increasing demand. Electronics production is projected to reach USD 500 billion by 2030. Key initiatives like the PLI scheme are boosting domestic manufacturing. Automotive electronics, in particular, is expected to see significant expansion.
The Economic Times India Inc sets sights on PwDs for shop floor
India Inc is increasing the hiring of people with disabilities in manufacturing to promote inclusivity and innovation. Companies like Godrej Consumer, Tata Motors, and PepsiCo are implementing safety measures and accessibility audits. Despite rising demand, a skills gap persists among PwD candidates due to educational marginalization.
The Economic Times Dixon partners Taiwan's Compal Electronics to make Google Pixel devices in India
Dixon’s wholly owned subsidiary Padget Electronics will be making the high-end smartphones at its manufacturing facility in Noida. Taiwan’s Compal technologies is a manufacturing partner for Google products globally.
The Economic Times VW India unit faces $1.4 billion tax evasion notice
India has accused Volkswagen of evading $1.4 billion in taxes by misclassifying imports. The notice claims Volkswagen paid lower import taxes on car parts than required. The company should have paid $2.35 billion since 2012 but only paid $981 million. Volkswagen is currently examining the notice and cooperating with authorities.
The Economic Times Volvo Group Partners with Indian Universities to Shape Future Automotive Talent
Bangalore (Karnataka) [India], Volvo signs MoU with Amrita University and Thapar Institute to build a stronger industry-academia engagement and enhance the engineering industry readiness.
The Economic Times Office rentals rising steadily in top 10 Indian cities, Pune leads: Report
Office rentals have shown a consistent increase in India's 10 top cities with Pune emerging as the leader with a compound annual growth rate of 6.9 per cent over the last 12 years, according to a commercial property rental index launched by the Indian Institute of Management-Bangalore (IIM-Bangalore) in collaboration with CRE Matrix.
The Economic Times Godrej Enterprises Group to intensify focus on exports to strengthen its global presence
Godrej Enterprises Group plans to enhance exports to strengthen its global presence. They will also expand in new markets like automotive, warehousing, security, and aerospace. The group aims for a 20-25% growth in exports till FY27. Domestically, they will continue growing their consumer-facing and industrial businesses within India.
The Economic Times IT hiring expected to grow by 10-12% in next 6 months: Report
Emerging technologies such as GenAI, Deep Tech, and Quantum Computing are set to create over a million jobs by 2030, the report by business services provider Quess Corp said. The report revealed that demand for talent across Global Capability Centres (GCCs) and cybersecurity during the Sept quarter sequentially surged across the country by 71% and 58%, respectively.
The Economic Times RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report
The Reserve Bank of India (RBI) is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. However, the likelihood of a rate cut in February has increased, according to a report by HDFC Bank.
The Economic Times Sebi penalises Reliance Securities for breach of norms
Sebi imposed a fine of Rs 9 lakh on Reliance Securities due to multiple violations of market norms and stock brokers rules. The inspection found issues like inadequate systems for recording client orders, discrepancies in terminal locations, and lack of segregation at shared offices.
