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«I think there is a role the industry can play and if there are tax reforms that can help that process, that would be welcome. And in terms of equity, we play a big role in terms of long-term wealth creation for investors and so any tax proposals that help that process will also be, to my mind, a welcome step for the industry,» says Anthony Heredia, CEO, Mahindra Manulife AMC. Let us start by AMFI's 16-point proposal that has been sent and there are a lot of expectations in terms of rationalising the tax structure and the capital gain structure and what according to you are the pressing issues which are actually highlighted in the 16-point proposal sent to the finance minister from AMFI? Anthony Heredia: So, I would not put it as concerns. I think the thing that the industry looks forward to firstly continuity of reform of the progress we have seen, so I would say that would be the primary expectation. But we do believe we have a very significant role to play in terms of the ability for corporate bond markets to grow and one of the requests we would have is perhaps a rethink on the tax changes that happened on debt funds a couple of years back.

HUL, Bajaj Finance, Suzlon Energy, Federal Bank, Gensol Engineering among others will be in focus due to various developments and quarterly earnings HUL, Bajaj Finance

Delta Air Lines is struggling for a fourth straight day to recover from the tech outage, even as other airlines are returning to nearly normal levels of service

Cleveland-Cliffs says it will produce electrical transformers at a West Virginia facility that closed earlier this year

RBI) has approved the appointment of KVS Manian as the MD and CEO of Federal Bank for a term of three years, the bank informed exchanges on Monday evening. Manian, former joint MD of Kotak Mahindra Bank, will replace Shyam Srinivasan.

Tata AIG General Insurance, have received 'circumstances notifications' from major airlines including Air India following the global Microsoft outage on June 19, two sources said. The outage, which affected numerous institutions worldwide, may influence insurance pricing and coverage for the coming year.

Managing Director & Chief Executive Officer of Federal Bank, the bank said in an exchange filing on Monday.

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insolvency ecosystem, which has helped bring NPAs to multi year low.

When it comes to integrating technology into your practice, have you found yourself being drawn to the latest and greatest offerings? If so, you may be overlooking a valuable aspect of technology already within your reach and one that doesn’t require immediate new investment: optimizing client data to uncover new opportunities.

newly filed patent, titled "Embedded Sensors in Immersive Reality Headset to Enable Social Presence," suggests that Meta is planning either a redesign of its existing Quest headset or the development of an entirely new model that incorporates this advanced technology. Unlike Apple's EyeSight feature, Meta's version might also include health sensors embedded in the face interface, potentially offering additional benefits to users.Apple's EyeSight feature, lauded for its ingenuity, allows users to stay connected with their surroundings even while immersed in virtual environments.

Hong Kong's CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily (-1x) Inverse Product on the city's stock exchange on Tuesday morning.

Kotak Bank, while Goldman Sachs and Jefferies have a buy rating on HDFC Bank. Investec has maintained a sell call on PVR Inox. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

HDFC Bank managing director Sashidhar Jagdishan expressed disappointment over deposits in the quarter to June, a period when volatility in current account flows caught the country's largest private bank off guard. «I know that the most important part of our strategy is deposits, and are we happy with the kind of numbers that have come about? Not really. It has fallen short of our expectations, but frankly if you see this, this is not something new,» Jagdishan said during an analyst call after HDFC Bank released its first quarter results on Saturday. «But this time around, obviously we were a little bit surprised on the period-end numbers because of some unexpected flows in the current account which was more than what we had anticipated.»

Economic Times 40 Under Forty is not just an awards show. It is a celebration of the young (often accompanied by a restless hustle), brilliance, innovation and accomplishment. Every year, an esteemed jury selects 40 bright minds across industries who are triggering change and setting new benchmarks. This year was no different. The 10th edition of ET 40 under Forty was an electrifying evening of the brightest minds and boldest spirits, their pulse on the present, and eye on the future.

insolvency resolution process (CIRP) of bankrupt companies to providing financial support to fight arbitration suits or even helping companies find sector expert lawyers for fighting costly disputes, a clutch of litigation funding startups are offering a range of services in the third-party funding market in India. Startups such as LegalPay, LitiCap, LegalFund and FightRight are helping companies fund their costly disputes, focusing on sectors including infrastructure, real estate, logistics, media entertainment and manufacturing.

40 Under Forty. The panel, moderated by Amit Jain, managing director Carlyle India Advisors, and comprising past and current A-listers of the ET 40 Under Forty, laid threadbare the fundamental tenets of leadership and how it is evolving in a volatile and disruptive world while ensuring generational diversity.

Boeing's defense unit said Sunday the planemaker is still «fighting through challenges» in building two delayed U.S. presidential aircraft known as Air Force One. In 2018, Boeing received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One, to be delivered by December 2024, but they are now delayed until at least 2027 and 2028. Ted Colbert, who heads Boeing Defense, Space & Security, said the planemaker is facing supply chain, inflation, workforce and other challenges in building the airplanes. Boeing is heavily modifying a pair of 747s for the project.

Eve has showcased for the first time the full-scale prototype of its "flying taxi," achieving a milestone as the company aims to obtain certification and enter service in 2026. Eve, controlled by Embraer, rolled out its electric vertical take-off and landing (eVTOL) aircraft prototype at an event with investors and clients at the Brazilian planemaker's Gaviao Peixoto plant on July 3. The company is one of a bevy of startups worldwide developing battery-powered aircraft that can take off and land vertically to ferry travelers on short city trips, allowing them to beat traffic.

FMCG major Godrej Consumer's advertising investment shot up by 47 per cent to Rs 1,011 crore in FY24 in the domestic market, even as it has reduced SKUs by around 30 per cent through a rationalisation process. Godrej Consumer Products Ltd (GCPL), which aims for double-digit volume growth, is spending more on brands, automation and SKU rationalisation with a «keen focus on simplification», according to the latest annual report of the company. «In line with our strategy of category development, we have made significant investments in advertising. We were the fifth largest advertiser in India in 2023, from being number 17 in 2021. We are adding to this with investments in distribution,» GCPL Managing Director and CEO Sudhir Sitapati said. GCPL's spending on 'Advertising and Publicity' was Rs 1,011 crore for the financial year ended March 2024. This was 47 per cent higher than Rs 687.34 crore a year before.