Economy News ( English version)

Nestlé India chairman and managing director Manish Tiwary noted that his team is focused more on things that can be controlled, such as cost optimization, than worry about external headwinds/

Vedanta is replacing its mandatory 30% profit-distribution rule with a discretionary, board-driven dividend policy as it prepares to split into five entities, eliminating the predictable yield that attracted income-focused investors. 

During Berkshire Hathaway's meeting, Warren Buffett praised Tim Cook's pivotal role in Apple's rise. He highlighted how the  $35 billion investment by him in the company is now worth $185 billion.

Nvidia has held the title of the world's most valuable company, but Google parent Alphabet is closing in fast. Here is why the crown could change hands within weeks, according to Barron's.

BERKSHIRE-AGM/ (WRAPUP 7, PIX):WRAPUP 7-CEO Greg Abel moves to assure Berkshire shareholders in a post-Buffett world, with record cash

India's top companies saw profits soar post-Covid. However, investments lagged. Chief economic adviser V Anantha Nageswaran called for corporate introspection. He highlighted that companies accumulated cash instead of investing in real assets. This forced the public sector to drive growth. Nageswaran stressed the need for private sector investment to se […]

"Key areas of discussion included strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, prioritising high-value cases for optimal recovery outcomes; leveraging Lok Adalats as an effective alternate dispute resolution," it said, adding mechanisms for expeditious disposal, procedural reforms to accelerate […]

This takes the total number of members in the Aayog to seven, after Prime Minister Narendra Modi last month restructured the institution with the appointment of a new vice chairman and five full-time members. The PM is the chairman of the Aayog, which was constituted on January 1, 2015, in place of the Planning Commission.

Parliamentary committees have flagged a consistent trend of central ministries failing to spend allocated budgets, leading to significant fund surrenders. Reports highlight poor budgeting and forecasting models across major ministries, including Defence, Petroleum, and Housing, with substantial reductions at the revised estimates stage and low utilization ra […]

Global trade volumes are growing despite concerns about the WTO. Experts discussed reforming the WTO's rules and governance. They highlighted the rise of 'precautionism' and the need for balanced reform. India's role in plurilateral negotiations was debated. The WTO remains indispensable for global trade and multilateralism.