The Economic Times The Economic Times

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.

The Economic Times Ola Cabs plans $500 million IPO, to appoint banks soon: Report

SoftBank-backed Ola is India's answer to Uber and plans to file papers for approval with the country's market regulator within three months, said the sources, who declined to be named as the matter is confidential.

The Economic Times India Inc investing in employee benefits despite constrained budgets, rising premiums, says Plum report

A survey by Plum reveals a doubling in adoption of customizable insurance programs for employees, a 15% rise in maternity benefits, and a 110% increase in comprehensive healthcare offerings. Amid budget constraints, companies prioritize employee well-being, with benefits now emphasizing sustainability. Startups lead in offering extensive health coverage and telehealth services

The Economic Times MCA seeks inputs from shareholders to revamp IBC rules

In a notice, the ministry also said it’s seeking to tweak the rules on the application to the adjudicating authority, the annual statement of accounts and the annual report rules, as stipulated by the Insolvency and Bankruptcy Board of India (IBBI). The notice has been uploaded on the IBBI website.

The Economic Times How Iran-Israel tensions may impact Indian economy, trade

With trade disruptions and energy security concerns looming large, the coming days are likely to test India's resilience in the face of geopolitical upheaval.

The Economic Times We want to make India a manufacturing hub, but it has to be Aatmanirbhar too: Nirmala Sitharaman

India's economic prospects face challenges from global uncertainties and rising commodity prices. Policy certainties, inflation concerns, job creation, and electoral targets shape the path ahead, reflecting a mix of opportunities and challenges in the evolving economic landscape, says Finance Minister Nirmala Sitharaman

The Economic Times Promoters hike stake in over 200 companies on brighter prospects

For instance, Adani Group increased its stake in Ambuja Cement from 63.15% to 66.70% in the March quarter by converting the warrants issued in October 2022. Aditya Birla Group increased its stake in Grasim by 31 basis points to 43.06% in the March quarter by subscribing to the rights issue.

The Economic Times Deepak Parekh steps down as HDFC Life Insurance's chairman, Keki Mistry to take leadership role in board

Mistry has been associated with the company since December 2000 and is currently acting as Non-Executive Director. He is a qualified Chartered Accountant and a fellow member of the Institute of Chartered Accountants of India. Mistry was the Vice Chairman & CEO of Housing Development Finance Corporation (HDFC) Limited. Read more:

The Economic Times Godrej split: Board exits done, stake divestment to follow

The amicable separation is between two branches of the founding family with Adi Godrej and brother Nadir Godrej on one side and their cousins Jamshyd Godrej and Smita Godrej Crishna on the other. The latter two are brother and sister.

The Economic Times Amid cost conservation focus, startups keep tighter rein on top rung hikes during appraisals

Startups and ecommerce companies are focusing on profitability and cost conservation, with some holding back pay raises for senior staff during appraisals. Some founders are forgoing hikes on their own, while others are forgoing them. Sandeep Murthy, partner at VC fund Lightbox Ventures, suggests that the main goal is to create a stakeholder advantage.

The Economic Times Sebi comes out with standard format for AIF PPM audit report

The Reserve Bank has imposed penalties totalling Rs 60.3 lakh on five co-operative banks for contravention of various regulatory norms.

The Economic Times AIGF estimates USD 2.5 bn GST loss from offshore illegal, betting firms

AIGF's Roland Landers urges swift action against offshore illegal betting, causing a USD 2.5 billion annual loss. Concerns include user harm, lack of GST, IPL ads. Urges prompt SRO implementation for distinguishing legitimate platforms.