India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of $ 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI.

After two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong growth during the 2023 calendar year.

Vedanta Ltd. has picked the chief financial officer of edtech titan Byju’s to replace the current finance head, who is said to have quit after a few months in the job, ahead of an ambitious restructuring at Anil Agarwal’s mining conglomerate, according to people familiar with the matter.

Ajay Goel will be returning to Vedanta, which he had quit in April, in time to help with splitting the metals firm into six listed companies, they said, asking not to be named as the information is not public.

The much-awaited IPO in the Indian Consumer segment - Honasa Consumer of Mamaearth fame is likely hit Dalal Street by the end of October 2023. Other than Mamaearth, Honasa Cosumer owns prominent D2C brands like - The Derma Co and BBLunt brought from Godrej Consumer Products for Rs 134 crore in February 2022.

Honasa Consumer is a digital-first house of brands which caters to products in beauty and personal care.

Continuing with its strategy to field its Lok Sabha members for the forthcoming Assembly polls, the Bharatiya Janata Party (BJP) on Sunday released its first list of 52 candidates for the 119-member Telangana Assembly elections, including three of its four Lok Sabha MPs. Telangana's 31.73 million electorate will vote on 30 November.

The BJP's Huzurabad legislator, former Bharat Rashtra Samithi minister Etela Rajender, will contest against Chief Minister K Chandrasekhar Rao from the Gajwel seat. Rajender will also contest from his sitting Huzurabad seat. Rao comfortably won the Gajwel seat in 2014 and 2018.

Ashok Vaswani, a banker with more than three-and-half decades experience in building and scaling up businesses across consumer and corporate banking and payments, will be the next managing director (MD) and chief executive officer (CEO) of Kotak Mahindra Bank.

Last week, the Reserve Bank of India (RBI) had given its approval to Vaswani’s appointment. Vaswani is currently President of Pagaya Technologies, a US-Israeli artificial intelligence (AI) fintech firm, which he joined in June 2022.

Public sector lender Central Bank of India has classified its loans to Go First, the troubled airline, as non-performing assets (NPA) in the second quarter ended September 2023 (Q2FY24). The no-frills carrier has been under insolvency proceedings since May 2023. It stopped operating flights from May 3, 2023.

The public sector lender's exposure, including government-guaranteed emergency credit to ailing airline, is about Rs 2,000 crore.

Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities this month so far, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict.

However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused over Rs 5,700 crore into the debt market during the period under review, data with the depositories showed.

India's newest airline Akasa Air, which is set to soon fly on international routes and will be placing a three-digit aircraft order, plans to list on the bourses by the end of the decade, its Chief Executive Officer Vinay Dube told PTI.

The 14-month-old Akasa Air, which already operates more than 750 weekly flights across 16 domestic destinations, including Mumbai, Ahmedabad, Bengaluru and Delhi, is looking at "gathering a little more history" before launching an initial public offering (IPO), he said.

The Delhi High Court has directed the government/GST authorities to refund IGST of Rs 7.12 crore to Vodafone Idea that was paid on the export of international roaming and long-distance services.

The key issue before the court was whether the telecom services provided by the petitioner (Vodafone Idea) to inbound subscribers of Foreign Telecom Operators (FTOs) constitute export of services and whether its claims were within the period of limitation as specified under Section 54(1) of the CGST Act.

JSW Steel on Friday reported a consolidated net profit of Rs 2,760 crore in the July to September quarter (Q2FY24) on the back of higher sales and lower coking coal costs. In the year-ago period, it had recorded a net loss of Rs 848 crore.

Revenue on a consolidated basis in Q2FY24 at Rs 43,834 crore was higher by 6.64 per cent year-on-year (Y-o-Y). The numbers beat expectations on revenue and profit.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.