Microsoft CEO Satya Nadella and Alphabet CEO Sundar Pichai were recognized as the most influential global Indians in the HSBC Hurun Global Indians List 2024. Google Cloud CEO Thomas Kurian, YouTube CEO Neal Mohan, and Tesla CFO Vaibhav Taneja followed. The list also highlighted notable young leaders and emphasized the achievements of influential women leaders overseeing companies worth $436 billion.
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Standard Glass Lining Technology Limited, a Hyderabad-based engineering equipment manufacturer, is launching its IPO with a price band of Rs 133 to Rs 140 per equity share. The IPO aims to raise Rs 410 crore with funds allocated for debt repayment, investments, acquisitions, and capital expenditure.
A regulatory filing on Saturday revealed that Paytm received notice from the Enforcement Directorate (ED) regarding alleged FEMA rule violations by the company and its subsidiaries - Little Internet and Nearbuy - concerning specific investment transactions.
TCS CEO K Krithivasan attributes the company's sequential lackluster performance to deferred discretionary spends by clients and seasonality. Despite these challenges, he remains optimistic about future business prospects, managing potential changes in immigration regulations, and leading advancements in AI and software engineering for improved productivity.
Yes Bank disclosed that it has received a demand notice for Rs 2,209 crore from the income tax department for the 2019-20 assessment year. Although the reassessment confirmed the original income assessment without additional changes, an unexpected demand including interest has been raised against the bank.
Bengaluru's office rentals have surged by 26% in five years, reaching Rs 93 per square foot in 2024. Key cities like Hyderabad and Chennai also saw significant increases, driven by expanding IT infrastructure and skilled workforce, while Delhi-NCR recorded the slowest growth among the seven major property markets.
Zomato received a Rs 803 crore GST notice. The government says Zomato must pay tax on delivery fees. Zomato says it passes these fees to delivery partners. The tax covers October 2019 to March 2022.
The Indian government is revising its Production-Linked Incentive (PLI) scheme to include broader support for new sectors such as footwear, toys, and textiles. The new approach will address inputs, skilling, and other aspects comprehensively, learning from earlier implementations that faced challenges with dependence on component imports.
India's economy is set to slow to a four-year low of 6.4% in 2024-25, due to a decline in manufacturing and weak investment. The farm sector's strong growth and increased rural consumption offer some relief, while a rate cut by the RBI is anticipated to spur demand.
Budget 2025 expectations: FICCI advises Finance Minister Nirmala Sitharaman to maintain emphasis on investments and implement next-gen reforms in Union Budget 2025. Key recommendations include boosting capex by 15% and establishing inter-state platforms for reforms in land, labor, and power sectors.
China's trade surplus hit a record $992 billion in 2024, driven by a 21% rise in exports worth $3.6 trillion, despite weak domestic demand and imports. The surge is linked to strong overseas demand and anticipated tariffs under Donald Trump's upcoming presidency, leading to a rush in shipments to the US, reaching $525 billion.