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The Economic Times
The Economic Times DS Group’s Catch Spices crosses Rs 1,000 crore in sales
The company said Catch has grown 24% year-on-year over the last two years, and has a reach in over seven lakh retail touch points and 1,500 distributors. “We were in metros and mini metros earlier. Now our focus is on second and third tier cities,” Kumar said, adding that the company is looking to push distribution to towns even with a population of a lakh.
The Economic Times Maruti Suzuki India gets revised ₹2.5 crore tax demand
"Even on revised total demand of Rs. 25 million, the company will be filing appeal against the order before the Supreme Court. As per the company's view, the order will have no major impact on the financial, operation or other activities of the Company," Maruti Suzuki said in an exchange filing.
The Economic Times Spinning industry expects operating margins to improve by 150-200 basis points this fiscal after hitting decadal low
CRISIL Ratings foresees improved operating margins for the cotton yarn spinning industry, driven by factors like revenue growth, stable cotton prices, and enhanced credit profiles. The industry's financial health is expected to strengthen further.
The Economic Times Hinduja arm asks NCLT to junk BHEL insolvency plea
Hinduja National Power Corporation Ltd (HNPCL) has requested the dismissal of an insolvency petition filed by public sector undertaking Bharat Heavy Electricals Ltd (BHEL) due to the PSU's failure to complete the project as per the contract. The case has been dragging on for over four years, with BHEL claiming HNPCL failed to make a payment of ₹281 crore.
The Economic Times NTPC green to file DRHP by July, aims for listing by November
NTPC's green energy arm plans a ₹10,000-crore IPO by November, focusing on clean energy, e-mobility, and renewable capacity addition. The company aims for 60 GW renewable energy capacity by 2032.
The Economic Times Zee-Sony merger: Zee Ent announces withdrawal of merger implementation application from NCLT against Sony
Zee Entertainment Limited has withdrawn its merger implementation application filed against Sony, citing legal advice. The decision allows the company to continue aggressively pursuing its claims against Sony in ongoing arbitration proceedings at the Singapore International Arbitration Centre and other forums. The company aims to evaluate strategic opportunities and generate higher value for shareholders.
The Economic Times RBI moves to regulate PoS payment players like Pine Labs, Innoviti, MSwipe
Companies like Innoviti Payments, Pine Labs and MSwipe will be brought under regulatory cover now. The regulator said companies providing the service will need to apply for authorisation from the RBI by May 31, 2025.
The Economic Times Vodafone Idea raises Rs 5,400 crore from nearly 60 anchor investors
Vaishnav told ET that the government will support every effort made by the telco while Somanathan, also speaking to ET, added that the government's aim is to support competition in the sector.
The Economic Times Report all high-value transactions of FY23 by June 30: CBDT
CBDT mandated SROs to report high-value transactions by June 30. 6,000 entities failed to comply, lacking data. Form 61A enforcement in progress for Income Tax Act adherence.
The Economic Times IMF raises India’s FY25 growth forecast to 6.8%; FY26 outlook unchanged
The International Monetary Fund (IMF) has revised its forecast for India's economy, predicting a 6.8% growth in FY25 and 6.5% in 2025. This follows upward revisions by other international lenders, which predict strong domestic demand and a revival in the rural economy. The IMF also revised its FY24 growth forecast to 7.8%, higher than the government's estimate of 7.6% for the year.
The Economic Times India's unemployment rate to decline 97 basis points by 2028: ORF Report
"India's job market is experiencing a transformation as the country has become the world's fastest growing large economy in the aftermath of the Covid-19 pandemic," the report said.
The Economic Times BharatPe elevates Nalin Negi as its CEO
BharatPe announced the elevation of Nalin Negi as its CEO. He has been working as its interim CEO and has led the company to drive growth innovation in the fintech sector.
The Economic Times Deal activity on the rise in consumer & retail sector
India's consumer and retail sector experienced a surge in M&A and private equity deal activity in the March quarter. The sector recorded 102 deals valued at $1.74 billion, with a focus on acquisitions and investments in the food processing and healthy food market segments.
The Economic Times RBI likely to leave rates unchanged in FY25, help maintain India's 'Goldilocks' environment: Morgan Stanley
Economists anticipate the Reserve Bank of India (RBI) to maintain its policy rate at 6.5% for the fiscal year 2024-25 due to factors like higher-than-targeted inflation, global influences such as commodity prices, and a stronger dollar. The RBI's decision will also hinge on domestic factors like growth driven by capital expenditure (capex) and productivity.
The Economic Times Brigade Enterprises Appoints Jayant Bhalchandra Manmadkar as CFO
Brigade Enterprises bolsters its leadership team with the appointment of Jayant Bhalchandra Manmadkar as its new Chief Financial Officer (CFO)
