Economy / The Economic Times
Taylor Swift meme has gone viral and Monica Lewinsky has joined the trend by sharing her own memory on the social media.
While female KMPs in the financial services sector were all professional leaders, in pharma, they were promoters, according to data from FY23 collated for ET by executive search firm EMA Partners India.However, Indian companies continue to struggle to have a better gender balance when it comes to KMPs. According to the Companies Act, KMPs are the CEOs or managing directors, chief financial officers, company secretaries and wholetime directors.
Rashmi Saluja, executive chairperson, Religare Enterprises, said she is confident of her performance and won't retreat under 'false' allegations made by the Burman family, the leading shareholder seeking majority control of the financial company, as she has the full support of the board and is proud of her turnaround credentials evidenced through what she described as a tough phase for non-bank lenders.I may have agreed that five years ago, I didn't have the experience, but after five years, thr
Voting for six Lok Sabha seats in the northeast will be held on April 26, the second phase of the general election. Five of these seats are in Assam and one in Tripura. The same day, one seat in Manipur will see partial voting.
The origin of this legal conflict can be traced back to a video released by Maheshwari on December 11, 2023, which sparked a series of exchanges in the form of posts and videos between the two. Subsequently, in December 2023, Bindra filed a case in Faridabad.
Kenneth Rogoff, former chief economist of the IMF and Maurits C. Boas Chair of International Economics at Harvard University, discusses the record rise in military expenditure worldwide. He argues that military spending is not good for growth or consumption because it is destructive. The US and Europe are facing pressures today due to Ukraine, the Middle East, and potentially Taiwan, but the defense budgets of the West are tuned to a different era. The US has not prepared its people for greater
Tata Steel plans to continue its 1.25 billion investment in a state-of-the-art Electric Arc Furnace for steel production in Port Talbot, in collaboration with the UK government. The company will also shut down its existing two Blast Furnaces by the end of June and September.
Chairman and managing director Sanjiv Puri said ITC is looking to add more than 70 hotels over the next five years in India, mostly through management contracts. Its next greenfield hotel property will open in the coastal city of Puri in Odisha.
CCI President, Sergey Katyrin, who is currently heading a Russian delegation of entrepreneurs in India, inaugurated the new office by cutting the ceremonial ribbon alongside prominent Indian officials.
The Indian government has eased an export ban on white onion exports from three ports. Exporters must obtain a certificate from the Horticulture Commissioner of Gujarat certifying the item and quantity of onion. The exports are allowed from Mundra Port, Pipavav Port, and Nhava Sheva/JNPT Port. The ban was imposed to increase domestic availability and control prices.
About 2.88 crore electors will vote and choose 14 MPs in half the constituencies in Karnataka on Friday, according to election commission data. Campaigning ended on Wednesday, with the BJP-JDS coalition and the Congress having given their best shot to improve on their tally over the 2019 outcome. Out of the total voters, around 1.44 crore are men, 1.43 crore are women, and 3,067 voters belong to the third gender. The election commission has set up 30,602 polling booths in these constituencies. A
China's market valued at $540.4 billion in 2023, projected to reach $623.8 billion by 2028, contrasts India's rapid ascent from Rs 90,000 crore to Rs 1,40,000 crore. Cultural influences shape design dynamics, while manufacturing models differ, offering opportunities for mutual learning and collaboration in the global market.
In March 2024, the Kolkata Metropolitan Region witnessed a significant increase in apartment registrations, with 3,936 units registered, marking a 17% year-on-year growth, as reported by Knight Frank. The real estate sector in Kolkata has been advocating for the extension of stamp duty rebate, which is expected to boost residential sales further. The data indicates a shift towards smaller apartment sizes, with units under 500 sq ft comprising 45% of total registrations, up from 24% in March 2023
A state-owned reinsurer in Russia has provided financial support to three Russian insurance companies. This backing enables them to obtain Indian approval to offer marine insurance coverage to tankers. The move comes as Moscow aims to facilitate trade with India amidst Western sanctions.
Besides the hotels business, the company will look for opportunities to expand the presence of FMCG and other verticals in new overseas markets as well.
India is engaging in discussions with various countries to seek technical assistance for lithium processing, aiming to bolster its emerging lithium mining and electric vehicle industries and reduce dependence on China. The Ministry of Mines initiated talks with Australia and the United States last year, along with private companies reaching out to Bolivia, Britain, Japan, and South Korea
Tamarind is a popular ingredient in Indian cuisine, known for its tangy and sour flavor. Here are five delicious tamarind-based dishes from India:
The impact of food inflation shock on core inflation was the maximum during the late 1990s, which has declined over time, the paper finds. The response of core inflation to a one per cent rise in food inflation has declined from 0.37 percentage points in the second quarter of 1998-99 to 0.14 percentage points in the third quarter of 2023-24. The responsiveness of core inflation to food shock has declined substantially in the post de jure flexible inflation targeting regime in India.
Akhilesh Yadav filed nomination from Kannauj Lok Sabha seat with Ramgopal Yadav. He served as Lok Sabha MP from 2000-2012, won in 2019, and was elected to the UP Assembly in 2022.
India's economic performance has remained robust despite global challenges and geopolitical concerns, stated the Economic Review for the month of March.
YSRCP chief and Andhra Pradesh CM Y S Jagan Mohan Reddy filed nomination for Pulivendula Assembly seat. He was joined by Y S Avinash Reddy. Assembly polls on May 13.
Edelweiss Alternatives acquires MFAR Developers' tech park in Bengaluru for over Rs 1,500 crore. Deal includes three towers in Embassy Manyata complex. Property is 90% leased with rentals at Rs 100 per sq ft.
The India Meteorological Department has forecast that heat wave to severe heat wave conditions are expected to persist over East and south Peninsular India for the next five days. On Tuesday, maximum temperatures ranged between 42-44C across many parts of Rayalaseema and isolated pockets over south Coastal Andhra Pradesh & Yanam and north Tamil Nadu. Temperatures were in the range of 40-42C across many parts of Telangana, Tamil Nadu, Gangetic West Bengal, Bihar, some parts of Coastal Andhra Prad
According to the Telecom Regulatory Authority of India's Performance Indicator Report for the quarter ending December 31, the pay DTH base of the four private DTH operators declined to 63.52 million from 64.18 million in the trailing quarter.
The first belief is that while Modi 3.0 may take a more authoritarian turn, the Indian leader wont follow the lead of Chinas President Xi Jinping. The stock market will still have to read the tea leaves to figure out which business group is likely to be blessed with juicy contracts and favorable policy, but there is little risk of New Delhi turning the screws on the private sector. In other words, no nasty surprises like Beijings crackdown on its technology industry.
The Reserve Bank of India (RBI) has imposed strict restrictions on Kotak Mahindra Bank, a third-most valued private bank in India, for failing to fix its IT systems over the past two years. The bank was asked to stop functions cited with immediate effect and assured customers that there would be no interruption to services. Kotak Mahindra Bank has taken measures to strengthen its IT systems and will continue to work with the RBI to resolve balance issues at the earliest.
Vibrant, a portfolio company of Macquarie's Green Investment, is currently operating and delivering 1.9 GW of renewable energy solutions to corporate clients across India. It has an active pipeline of 3 GW. The company was in discussions with several players such as Bain Capital, Sun Energy and Vitol earlier.
The Indian government is collaborating with farmers in Bihar, Jharkhand, and Uttar Pradesh to sow kharif pulses like tur, urad, and moong before sowing for the season starts. The aim is to increase pulse cultivation and reduce import dependence. The government has not set a production target yet. The National Co-operative Consumers' Federation of India Ltd. (NCCF) has been appointed as the chief nodal agency for the programme.
Kedaara Capital closed its $1.73 billion fund, Kedaara IV, the largest fund raised by an India private equity fund, said industry executives in the know. This will be its fourth fund in 12 years and was raised in just 4 months beginning last December and would even surpass Chrys Caps $1.3 billion Fund IX raised in 2023. It also comes at a time when several other local and global funds are struggling with fresh commitments from their investors to raise new pools of capital after boom years of fun
GAIL plans to double its LNG trading volume by 2030, Gupta said, without specifying the current size of its business. We have expertise in gas. We have been procuring from so many geographies. We have sold several US cargoes to multiple customers, said Gupta.
Shreya Ghoshals Soulmate Cum Husband Shiladitya Mukhopadhyaya Is A Corporate Hotshot!
Goldman Sachs has hired two senior bankers in India to cash in on growing dealmaking and investor interest in the South Asian country, three sources with direct knowledge told Reuters on Wednesday. Sunil Khaitan will be Goldman's India head of financing and Kamna Sahni India head of Mergers & Acquisitions (M&A) in Mumbai, the sources said, adding that the executives will join the bank in the next few months. Both new hires have previously worked at Bank of America. Khaitan was the bank's Southea
India is inspecting facilities of spice makers MDH and Everest for compliance with quality standards after sales of some of their products were halted in Hong Kong and Singapore for allegedly containing high levels of a cancer-causing pesticide. India's spices export regulator said it had sought data on MDH and Everest exports from relevant authorities in both countries and was working with the companies to find the oot cause of the issue and propose corrective measures if needed. MDH and Evere
A comprehensive guide to securing a new bike through a Bajaj Finserv Two-wheeler Loan. Explore various bike segments, brands, pricing, and loan procedures for a seamless ownership experience.
The government has allowed sugar mills to use 6.7 lakh tonnes of B-heavy molasses as feedstock for ethanol production in the current year. The move follows the industry's request to the food ministry to allow B-heavy molasses for ethanol production and improve the finances of sugar mills. The government reversed the ban and allowed cane juice and B-heavy molasses within the overall cap of 17 lakh tonnes of sugar for ethanol production for the 2023-24 supply year.