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The Economic Times
The Economic Times Historic funding round values OpenAI at $157 billion
Thrive Capital led the funding round, with participation from SoftBank, Microsoft, Nvidia, Tiger Global, and MGX, an investment firm controlled by the United Arab Emirates.
The Economic Times India to become USD 1 trn digital economy by 2028, enabled by internet, 4G, 5G, and digitalisation
A recent report by Ask Capital says with enablers like deep internet penetration efficient and cheap 4G and 5G services along with government digital initiatives India is set to become a USD 1 trillion digital economy by 2028.
The Economic Times Monetary policy more effective in a larger formal labour markets: Study
Research by the RBI reveals that monetary policy transmission is more effective with increased formality in the labour market. A higher share of formal sector employment enhances the impact of policy measures on inflation and output, suggesting better outcomes under inflation targeting.
The Economic Times Panel on cards to resolve internship scheme disputes
The Ministry of Corporate Affairs is establishing a panel to resolve disputes related to the 'PM Internship Scheme', which aims to provide internships to youths across 500 top companies. A portal for applications will open by October 15, offering allowances and training cost-sharing between the government and companies.
The Economic Times CEOs' confidence in growth of own companies declines: Report
CEOs in India are optimistic about global economic recovery within three years, but are less confident about their own companies’ growth. Key threats identified include reputation risk, technological obsolescence, and cybersecurity. CEOs emphasize the need for agility, talent investment, and technology adoption to navigate challenges and achieve sustainable growth.
The Economic Times Company registrations decline 21% in Sept, LLPs rise 8%
New company incorporations in India fell by almost 21% in September compared to last year, marking the third consecutive month of decline. The registration of limited liability partnerships (LLPs), however, rose by nearly 8% year-on-year. Experts attribute the decline to an unfavorable base, while services trade prospects kept LLP registrations high.
The Economic Times CCI approves acquisition of Bharat Serums and Vaccines by Mankind Pharma
Competition Commission of India has approved the acquisition of Bharat Serums and Vaccines Limited by Mankind Pharma Ltd.
The Economic Times Cos pushing workers very hard can't sustain pace; different mindset needed: Zoho CEO Vembu
Vembu also spoke at length on why he believes big-tech companies must be regulated, and emphasised the importance of 'standards' in preventing the creation and rise of digital monopolies.
The Economic Times India Inc credit quality strengthening, most sectors to sustain robust balance sheets in FY25, says Crisil
First-half credit ratio at 2.75 times on resilient domestic growth; infrastructure and allied sectors drive upgrades
The Economic Times Rating companies post more upgrades for India Inc as credit quality improves
For Crisil, overall, there were 506 upgrades and 184 downgrades. The credit ratio increased to 2.75 times in the first half of this fiscal from 1.79 times in the second half of last fiscal. This highlights the sustained strengthening of India Inc's credit quality.
The Economic Times RBI is unlikely to cut rate or change status in Oct 9 monetary policy: BoB Report
The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth consecutive time in its October policy meet, says a research report by the Bank of Baroda (BoB).
The Economic Times DGGI sends 300 notices to cos' top brass over input tax credit
The DGGI has issued over 300 show-cause notices to company officials for wrongfully availing input tax credit. Penalties up to 100% have been imposed. Notices target top management where their role in tax evasion is established. Industry argues penalties should only apply in exceptional cases. Recipients challenge the notices in court.
The Economic Times Experts welcome GST anti-profiteering revamp but warn on consumer protection and ongoing litigations
They said the restoration of oversight will enhance decision-making and compliance, highlighting that the initial purpose of anti-profiteering provisions—to ensure that reduced tax benefits reach consumers—has become less relevant as market conditions stabilise.
The Economic Times End of cess may not be blessing for 'sin taxed'
Cigarettes, tobacco products, carbonated drinks, and high-end automobiles in the 28% GST slab might see a rise in taxation as a cess ends in March 2026. Discussions are focused on maintaining high tax rates for demerit goods while possibly lowering GST on essentials such as pharmaceuticals.
The Economic Times Festive season will bring in higher GST collections in coming months: Experts
After the Goods and Services tax collections for September showed a yearly jump of 6.5 per cent, the experts in this domain have expressed optimism for the collections in the upcoming months, citing the continued festive season and the government's focus to ensure a stable revenue trajectory.
