BUSINESS
OpenAI’s Sam Altman invests in Indian-origin teenagers’ AI startup
The startup Induced AI, founded this year, has raised $2.3 million in its seed-funding round led by Altman and VC firm Peak XV, along with “an incredible set of investors”.
RBI should hold repo rate, reduction in rate in near future preferable: Industry
The three-day meeting of the MPC is being held on October 4-6. The decision of the MPC will be announced by the RBI Governor, Shaktikanta Das on October 6.
Exposure of banks’ mutual funds to NBFCs increased in August: CARE Ratings
According to CARE Ratings, the credit exposure of banks to NBFCs stood at Rs. 13.8 lakh crore in August 2023, indicating a 25.8 per cent year-on-year (y-o-y) growth.
Electronic retailing to touch $300 bn in India by 2030: Report
The Indian festive season is set to unleash a surge in e-tailing activity, propelling third-party logistics (3PL) to the forefront of the industry.
27 of 28 IPOs this year trading above issue price
Of the 28 IPOs which have got listed thus far, 20 gave a return of over 10 per cent.
Sensex falls below 65K mark as heavyweights under selling pressure
BSE Sensex is trading at 64,944 points in afternoon trade.
Export-led Indian automotive industry could reach $1 tn by 2035
It has the potential to unlock $400 billion of incremental revenues by 2035 (over and above $600 billion as-is-trajectory) by focusing on exports, innovation and technology transforming India into a global automotive hub, according to the report by management consulting firm Arthur D. Little.
Indian-American CEO agrees to pay $20 mn to settle kickback allegations
The government alleged that, from at least August 2015 through May 2020, the specialty pharmacy that offers drugs and infusion services, routinely waived the copayments of Medicare and TRICARE patients to induce those patients to purchase its drugs and services.
Bajaj Allianz gets Rs 1,010 crore GST demand notice
Bajaj Finserv said that Bajaj Allianz General Insurance Company, an unlisted material subsidiary of the company, has received a show-cause cum demand notice from the Directorate General of GST Intelligence, Pune Zonal Unit, under Section 73(1) of the Central Goods and Services Tax Act, 2017 (the Act) on 29 September alleging a tax demand of Rs 1010,05,80,540.
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