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Groww founders plan Rs 400-500 crore fund for consumer, deeptech startups
Posted in Startups

Groww founders plan Rs 400-500 crore fund for consumer, deeptech startups

Groww’s four cofounders are setting up a second Rs 400-500 crore seed and early-stage fund to back consumer internet and deeptech startups, expanding an investment…

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Sarvam readying end-to-end AI stack to challenge global giants
Posted in Startups

Sarvam readying end-to-end AI stack to challenge global giants

Homegrown AI firm Sarvam has put forward a strong end-to-end AI stack strategy spanning foundational models, software services with cyber and defence capabilities, and even…

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Posted in Economy

CBIC readies rules to facilitate filing of multi-state GST appeals

New Delhi: The Central Board of Indirect Taxes and Customs is preparing a framework for streamlining the process for departmental appeals in cases involving more…

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Posted in Economy

India to buck APAC slowdown despite oil, trade and El Nino risks: Moody’s Analytics

New Delhi: India is expected to remain one of the fastest-growing major economies in the Asia-Pacific region, even as higher oil prices, fresh US tariffs…

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India-EU FTA includes separate annexure to address EU carbon tax
Posted in Economy

India-EU FTA includes separate annexure to address EU carbon tax

New Delhi: The proposed India-EU free trade agreement (FTA) featured intensive negotiations on the issue of the Carbon Border Adjustment Mechanism (CBAM) and the pact…

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Jersey Mike’s stock fell about 2% after its NYSE debut despite raising $1 billion in its IPO (Photographer: Michael Nagle/Bloomberg) (Bloomberg)
Posted in Business

Jersey Mike’s stock falls 2% after NYSE debut despite $1 billion IPO

Jersey Mike’s shares fell about 2% on Thursday afternoon after the sandwich chain made its stock market debut on the New York Stock Exchange (NYSE)…

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Leopold Aschenbrenner's Situational Awareness unwound its hedge fund with up to $24B after leveraged AI and software bets turned into steep losses. (Pexel/Representative image) (Pexel)
Posted in Business

Leopold Aschenbrenner’s Situational Awareness unwinds hedge fund with up to $24B after leveraged AI bets fail

Leopold Aschenbrenner’s hedge fund Situational Awareness has completely unwound its investment portfolio after suffering heavy losses on its AI and software trades, according to CNBC’s…

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Posted in Economy

RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banks

The Reserve Bank of India (RBI) on Thursday issued 10 amendment directions revising its Basel Pillar 3 disclosure framework for commercial banks, small finance banks…

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Nvidia, Nebius, Amazon and AI stocks rallied after Microsoft Azure posted strong growth, boosting confidence in AI demand and cloud spending. (AP Photo/Yuki Iwamura) (AP Photo/Yuki Iwamura)
Posted in Business

Why Nvidia, Nebius, Amazon and AI stocks are rising today as Microsoft Azure growth boosts sector

AI stocks jumped sharply on Thursday as investors cheered strong AI demand, especially after Microsoft reported better-than-expected cloud growth. The Nasdaq Composite rose 2%, the…

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Posted in Economy

GSTN puts proposed e-way bill changes on hold after industry feedback

The Goods and Services Tax Network (GSTN) has put on hold two proposed enhancements to the e-way bill system that were scheduled to come into…

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