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How can India and its businesses navigate the rough seas that threaten fortunes built over decades through innovation and hard work? A distinguished panel led by Reliance Industries chairman Mukesh Ambani will discuss ways of facing the coming disruption that will be sparked by tectonic shifts in political economy that look set to rewrite the laws of global trade, at ET’s CEO Roundtable on Wednesday, December 11.

Ultratech, Paytm, L&T, Biocon, Alembic Pharma among others will be in focus due to various news developments. L&T Larsen and Toubro (L&T) has overturned a Rs 702 crore customs duty demand following a favourable ruling from the Central Excise & Service Tax Appellate Tribunal.

Industry experts, however, note that the exercise is also undertaken by automakers every year in December to shore up sales volume in the last month of the year, as customers postpone buyouts to later months to get the new year manufactured units. «We have seen a few cycles of price increase in India. It happens at the beginning of the calendar year and financial year, but few OEMs pick the timing based on their planned launches as well,» Deloitte India partner Rajat Mahajan said.

Online travel agency (OTA) Ixigo is sharpening its focus on hotels besides doubling down on flight and bus bookings, said group CEO Aloke Bajpai. «Post Covid, we have been the fastest growing OTA. At this point, we have a mid-50s kind of a market share in trains. The next player would be one third of our size,» Bajpai told ET in an interview. «We want to continue growing with the market. But for flights, buses and hotels, there is an opportunity to grow faster than the market,» he said.

LG Electronics India is concerned that its South Korean parent may in the future start separate businesses in India which could compete with the former since there is no exclusivity arrangement between the two of them. India's largest home appliances maker highlighted the apprehensions in its draft prospectus filed with the market regulator on Friday for a planned initial public offering (IPO). The mega public issue will see LG Electronics sell a 15% stake in the Indian subsidiary to raise around ₹15,000 crore, potentially making it India's fifth-largest IPO after Life Insurance Corporation, Hyundai Motor, Paytm and Coal India.

National Restaurant Association of India (NRAI) on Sunday cautioned its 500,000-plus restaurant members on what it termed «dangers» of deep discounting on dining-in, monopolising of payment gateways and data control by aggregators such as Swiggy and Zomato. «Deep discounting has caused significant challenges in food delivery; NRAI warns that similar tactics are being employed to capture the dine-in market,» the NRAI said in a detailed advisory, a copy of which was seen by ET. The development could escalate multiple long-standing disputes between India's ₹5.69 lakh crore restaurant sector and food delivery aggregators, which have been clocking healthy growth year-on-year on the back of consumer convenience and last-mile discoverability. Matters of dispute between the two, including allegations by the NRAI of deep discounting, data masking and uneven commissions by the aggregator platforms on deliveries, are currently being examined by the Competition Commission of India (CCI). For table bookings made by customers on aggregator platforms, most restaurants need to pay 4-8% commissions to the latter, which are higher than the 1-1.5% charged by third-party payment gateways, according to the advisory. According to the NRAI, aggregator payment gateways push aggressive discounts and cashbacks to acquire customers, which, it alleged, are at the expense of the restaurants. Third-party gateways include Paytm and BharatPe.

Rashmi Saluja, the executive chairperson of Religare Enterprises, earned ₹68.86 crore in gross remuneration in FY24, according to the company's annual report released on Saturday. This makes her the third-highest-paid professional to head a company in the BFSI (banking, financial services, and insurance) sector in FY24 and the seventh-highest overall in India, surpassing the gross remuneration of Infosys CEO Salil Parekh, L&T's SN Subrahmanyan and Satish Pai of Hindalco. In the BFSI sector, Abhay Bhutada, the former managing director of Poonawalla Fincorp took home ₹241 crore in FY24 while Rajeev Jain of Bajaj Finance earned ₹101 crore.

RBI) will have to infuse more liquidity into the banking system through additional measures as the expected impact of the 50-basis-point cash reserve ratio (CRR) cut announced Friday will likely wane within a few months, economists said. The central bank will likely use other liquidity instruments, like open market operations (purchases), foreign exchange swaps, and long-term variable rate repo auctions (VRR), they said. The RBI in its policy statement on Friday said that it will continue to be 'nimble and proactive' in its liquidity management operations to ensure that money market interest rates evolve in an orderly manner. Speaking to the media soon after announcing the policy, Governor Shaktikanta Das declined to give more details on the likely liquidity operations by the RBI.

cash reserve ratio (CRR) should ensure the lenders have sufficient liquidity to meet financing demand until the end of FY25. Bankers said slower credit growth has narrowed the gap between credit and deposits. Additionally, the ₹1.16-lakh-crore liquidity infusion through a lower CRR threshold will prevent deposit rates from climbing. Bankers said that deposit rates are now near their cyclical peak, and special deposit mobilisation schemes may not be revised at the end of this fiscal year.

Sweetpea can rejoice as the series has officially been renewed for a second season. The announcement comes after the success of the first season, which premiered in October and quickly captivated audiences with its bold storytelling. Sweetpea follows the chilling journey of Rhiannon Lewis, a seemingly quiet woman whose inner turmoil manifests in a vengeful spree of murder.

IPL) is on a remarkable growth streak, with the top 10 franchises seeing their combined revenue more than double to ₹6,797 crore in FY24 from ₹3,082 crore in the previous year, according to financial data from Tofler. Experts attributed the surge to the league's soaring commercial appeal, powered by smart media partnerships and lucrative sponsorship deals. The primary catalyst for growth was the record ₹48,390 crore media rights deal signed in 2022 between the Board of Control for Cricket in India (BCCI) and Disney Star and Viacom18, who have since combined to form JioStar.

Norway on Sunday said that it plans to ratify the India-EFTA free trade agreement next year, the commerce and industry ministry said. India and the four-nation EFTA (European Free Trade Association) bloc inked the agreement, officially dubbed as Trade and Economic Partnership Agreement (TEPA), on March 10 this year. However, it needs ratification from the four countries for its implementation. The agreement came up for discussions during the India-Norway Business Forum which was held in Mumbai. May-Elin Stener, Ambassador of Norway to India, termed TEPA a landmark in bilateral relations and highlighted its potential to further enhance trade and investment between the two nations.

Lando Norris won the final race of the F1 season at Abu Dhabi on Sunday to secure the team's first Formula One constructors' title since 1998 after teammate Oscar Piastri collided with Max Verstappen on the opening lap and finished 10th. Ferrari's Carlos Sainz and Charles Leclerc finished second and third. They were the only team that could have beaten McLaren to the championship.

cold wave starting December 9. The India Meteorological Department (IMD) has confirmed that temperatures will drop across the region, with Delhi’s minimum temperature expected to fall to around 3°C by December 10, down from its current 7°C. According to IMD scientist Naresh Kumar, temperatures in Delhi-NCR will start to decrease after December 9. "Western disturbance persists over central Pakistan and its surrounding areas… Light to moderate rain is expected in the Himalayas today and tomorrow. Light rain is expected in Punjab, Haryana, and Delhi," Kumar told ANI.

This thrilling clash promises to showcase intense competition as both teams strive to secure their positions in the division standings. The Chiefs, leading the AFC West, come into the game with strong momentum following a narrow 19-17 victory over the Las Vegas Raiders.

Subscribe to enjoy similar stories. Anant Goenka, vice-chairman of RPG Group, recalls a chance meeting with an HSBC banker during a flight from Delhi to Mumbai some six months ago, which sparked the conglomerate's interest in acquiring Michelin's off-highway tyres and tracks business. In the next 4-6 months, Ceat faced a brief process as it had to navigate competing interests from Indian and Chinese tyre manufacturers that were also pursuing Camso.

While the larger crossword demands more time and focus, the Mini Crossword offers a swift and enjoyable challenge, perfect for puzzle enthusiasts looking to squeeze in some mental exercise during a busy day. The Sunday edition of the Mini Crossword, much like its full-size version, is typically lighter in difficulty compared to the notoriously tough Saturday puzzle, as mentioned in the report by Forbes.

fundamentalist groups in Bangladesh are openly delivering sermons calling for the extermination of ISKCON devotees and their supporters. In a post on X, Das claimed, «In the past few days, fundamentalists in Bangladesh have been crisscrossing the country in private jets, delivering sermons calling for the extermination of ISKCON devotees and their supporters… the inaction of the Bangladeshi government in addressing these fundamentalists is even more appalling.» A purported video, which could not be independently verified by PTI, has also surfaced on social media showing a Bangladeshi fundamentalist leader allegedly referring to ISKCON as «a cancer» and urging followers to «uproot all ISKCON establishments» from Bangladesh. Das warned that such unchecked hate speech and instigation could trigger mass violence against minorities. «These individuals must be arrested immediately. Wake up, world,» he urged.

Jack Reacher’s intense confrontation with his new adversary, Paulie.

BJP leader Pravin Darekar on Sunday stated that Sharad Pawar support for West Bengal Chief Minister Mamata Banerjee's willingess to lead the INDIA bloc, meant that the Nationalist Congress Party (SP) chief wanted to convey Rahul Gandhi's leadership is «incapable» and that now Congress is «unable» to lead the opposition alliance. «I think this means that Pawar Sahab wants to say that Rahul Gandhi's leadership is not capable and Congress can't lead now. So, Pawar Sahab's direction is towards one side and words on the other side. Only time will tell what is in his mind,» Darekar told ANI. Sharad Pawar on Saturday acknowledged the leadership potential of West Bengal Chief Minister Mamata Banerjee, emphasising her prominence as a national leader and the competence of her party's representatives in Parliament.

rebels who led the movement to topple the Assad's rule have said that Abu Mohammed al-Jolani is the leader of the Islamist alliance that spearheaded an offensive and allowed the overthrow to be possible. Jolani heads Hayat Tahrir al-Sham (HTS), which is rooted in Syria's branch of Al-Qaeda. He is an extremist who adopted a more moderate posture in order to achieve his goals. On Sunday, as the rebels entered Damascus, he ordered all military forces in the capital not to approach public institutions.