business

Unlikely restrictions on Chinese investment into India will be lifted anytime soon, says top official

"I don't think it is something you would expect to see immediate results because both sides are crossing the river by feeling the stones," said India's Chief Economic Advisor V Anantha Nageswaran.

462 companies investigated for corporate fraud in last 5 years: Govt data

JIS Group of institutions to expand academic infrastructure in West Bengal

Cabinet clears new income tax bill, likely to be tabled in Parliament next week

‘Sam, please take my money’: Jailed Sukesh Chandrashekar offers $3 bn investment to OpenAI's Altman

The conman, currently in judicial custody for alleged multi-crore fraud cases being probed by the Enforcement Directorate, in a letter to Altman offered an investment of $1bn in OpenAI, and further extend it to another $2 bn over the next five years for operations in India.

RBI cuts interest rates for first time in 5 years to boost economic growth

The Monetary Policy Committee has unanimously decided to cut the key rate by 25 bps from 6.5% to 6.25%, said RBI Governor Sanjay Malhotra adding, “The Indian economy is not immune to global headwinds, but it remains strong and resilient.”

Rupee’s fall due to strong dollar, India should watch rupee-yuan rate: NITI Aayog member

The rupee has been falling in recent weeks, and on Feb 3 touched an all-time intraday low of 87.29 against the American currency.

OpenAI CEO Sam Altman calls India a crucial AI hub, endorses its push for global leadership

Altman, during a fireside chat with IT Minister Ashwini Vaishnaw, said OpenAI tripled its users here in the last year. He gave a ringing endorsement to India's efforts in building on AI at all levels of the stack, chips, models and "the incredible applications".

CBDT chief urges industry to provide feedback on new income tax bill

The new income tax bill, which will replace the six decade old Income Tax act, 1961, has been drafted within six months and efforts have been made to simplify the language to make tax compliance easier for taxpayers and make it easier to read and understand.

Nasscom welcomes budget's emphasis on enhancing ease of doing business

Nasscom lauded Budget 2025-26 for fostering entrepreneurship, simplifying taxation, and government’s focus on business-friendly policies, while acknowledging its commitment to positioning India as a global leader.