IPOs being used as ‘exit route’: CEA

MUMBAI: Chief economic advisor V Anantha Nageswaran has criticised the trend of IPOs being used as exit routes rather than fundraising tools, stating that this “undermines the spirit of public markets”. He called upon banks and financial institutions to become bolder, technologically sharper and more willing to take calculated risks.The CEA also warned against celebrating…

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16th Finance Commission submits report to President

NEW DELHI: The 16th Finance Commission, headed by economist Arvind Panagariya submitted its report to President Droupadi Murmu on Monday, setting the stage for rolling out recommendations of the panel from April 1 next year.The report will be available in the public domain once it is tabled in Parliament by finance minister Nirmala Sitharaman on…

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17 electronics parts projects get nod

NEW DELHI: Govt on Monday approved 17 projects under Electronics Component Manufacturing Scheme (ECMS), entailing an investment of Rs 7,172 crore. Govt wants greater involvement of domestic companies in electronics supply chain, especially in view of changing geopolitical situation, electronics and IT minister Ashwini Vaishnaw said on Monday. These projects are expected to create 11,800…

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Tracking tools become mainstay in IT, BPM companies

BENGALURU: IT and BPM firms are accelerating the use of advanced productivity tools that provide clients with real-time operational insights. Many of these tools include built-in time tracking, analyse workforce patterns, and proactively flag inefficiencies in performance trends. Tracking workforce productivity has been part of industry routines, largely at the clients’ behest, as companies seek…

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