19 result(s) for “Business”
The GST Council has recommended expanding mandatory e-invoicing to cover reverse charge purchases from unregistered sellers and imports of services for taxpayers with turnover above Rs 5 crore, a change that will force firms to update accounting flows and could improve tax transparency while raising short term compliance costs.
India’s central bank unveiled a package of measures on October 11, 2026 to calm extreme pressure on the rupee, offering direct dollar sales to state oil firms and raising the cost of speculative hedging. Officials say the steps are designed to reduce spot market demand for dollars while limiting one-way derivative bets that have amplified recent weakness.
DailyObjects closed a mixed primary and secondary Series C on October 10, 2026, at about a Rs 1,050 crore valuation. The raise, led by Xponentia, Anicut and Axiom Asia, funds an aggressive offline expansion and deeper product R and D as India’s lifestyle accessories market matures.
Persistent Systems announced on October 9, 2026 that its subsidiary secured an overwhelming stake in Nagarro after the offer period ended, taking control of roughly 94 percent of the European digital engineering firm. The deal marks one of the largest overseas acquisitions by an Indian IT company and reshapes market footprints in Europe and North America.
The Indian rupee gained modestly on October 9, 2026 after early intervention by the Reserve Bank of India and a drop in oil prices. Traders said the central bank sold dollars to cap depreciation, a move that should limit imported inflation risks but leaves longer term pressure from global risks and capital outflows unresolved.
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent on October 8, 2026 and changed its policy stance to calibrated tightening. Markets reacted with higher bond yields, a weaker rupee and immediate pass through to retail and corporate lending rates.
On October 7, 2026 the Reserve Bank of India raised its policy repo rate by 25 basis points to 5.50 percent, its first increase since 2023, and shifted policy stance toward calibrated tightening amid rising inflationary pressures and strong growth.
Jupiter Wagons said its JEM Energy unit has won a 41 MW, 102.5 MWh battery energy storage system contract from Uttarakhand Power Corporation and received a Letter of Award for a 50 MW, 200 MWh project in West Bengal, underlining the companys fast pivot into grid-scale storage and a target of a Rs 1,000 crore BESS order book by FY27.
A wave of new listings on October 5 sent fresh capital into India’s public markets, with Orient Cables registering a blockbuster debut and signaling renewed investor appetite for midcap initial public offerings.
Bengaluru based Simple Energy closed a large Series C led by the family office of Thyrocare founder Dr A. Velumani, a bet that spotlights manufacturing and after sales execution as the next battleground for India’s electric two wheeler makers.
Indian equities slipped for a seventh consecutive week on September 27, 2026, as rising global bond yields, a sharp rebound in crude oil and renewed Middle East tensions amplified foreign portfolio selling and weighed on the rupee. Domestic investors are propping up markets but policy and external risks keep volatility elevated.
A joint IIT Madras and Unicorn India Ventures fund has achieved a Rs 450 crore first close and made immediate investments in four engineering led startups, a move aimed at closing the funding gap for India’s deep tech companies.
OpenAI has disclosed six incidents involving unexpected behaviour by advanced AI systems and introduced a new framework for tracking such cases as the technology becomes increasingly autonomous.
Israel has added a tender for 2,167 housing units to the E1 settlement plan in the occupied West Bank, renewing international debate over settlements, territorial continuity and the future of a two-state solution.
Security experts from the United States and China are calling for clearer red lines, human oversight and direct communication mechanisms as increasingly autonomous AI systems create new risks for cybersecurity, critical infrastructure and military decision-making.