MPC focussed on reining inflation, holds rates
The monetary policy committee (MPC) on Friday unanimously decided to maintain status quo on the repo rate, a decision that was widely expected due to risks from food inflation, even as the central bank bumped up its FY24 real GDP…
‘Australia-India free trade pact has led to explosion of interest among businesses’
The Australia-India Economic Cooperation and Trade Agreement (ECTA) has opened the minds of Australian companies, especially in Queensland, which accounts for about 75 per cent of Australia’s exports to India. The number of companies in the state with serious engagements…
Kotak Strategic Situations Fund invests ₹375 crore in agrochem maker Cropnosys
Kotak Strategic Situations India Fund II, managed by Kotak Alternate Asset Managers Limited (KAAML) on Thursday announced an investment of ₹375 crore in Cropnosys (India) Pvt Ltd, an emerging agrochemical player focussed on niche high value technicals. The Bengaluru-headquartered Cropnosys…
Uniqus Consultech Acquires Goodera’s ESG Business
Goodera’s ESG tech platform is a well-established cloud-based software that helps corporates manage the performance of their sustainability programs. Using the platform, companies can automate the collection, maintenance, and approval of their ESG data; and ensure precise disclosures against global…
Sugar-based ethanol has led to the development of the rural economy: Centre
Diversion of surplus sugar to the production of ethanol has led to improved financial conditions of sugar mills, remote and rural areas by attracting investment of more than ₹30,000 crore, according to the government. According to the information provided by…
India’s job market remains mute, hiring drops: Report
India’s job market continues to see a slowdown, with hiring dropping by 2 per cent month-over-month (m-o-m), while on a year-on-year (y-o-y) scale, the overall index reflected a 10 per cent decline, according to the foundit Insights Tracker (fit) for November…
Diversion of Indian sugar output to ethanol may not exceed 3.5 mt, says TEIL
About 3-3.5 million tonnes (mt) of India’s sugarcane production will likely be diverted for ethanol production this season (October 2023-September 2024) against over four mt last season, Triveni Engineering & Industries Ltd (TEIL) Vice-President and Managing Director Tarun Sawhney has…
Proposed auditing standards for LLPs: CA Institute seeks public comments by January 6
After taking steps towards framing accounting standards for Limited Liability Partnerships (LLPs), the CA Institute has now released an exposure draft for the proposed auditing standards on LLPs. The CA Institute’s Auditing and Assurance Standards Board (AASB), which has issued…
India concerned that EU’s Deforestation-Free Regulation could be “disguised” trade restriction
India has raised concerns about the EU’s Deforestation-Free Products Regulation (EU-DR), which will be implemented in December 2024, possibly leading to discrimination against some countries and acting as a disguised restriction on international trade. However, the bloc has said the…
Monetary Policy panel likely to continue status quo on policy repo rate
The monetary policy committee (MPC) is expected to continue its status quo on the policy repo rate at its upcoming meeting as the latest retail inflation reading, despite hitting a four-month low, is still above its comfort zone and there…