The group plans to establish its second university in Hooghly district, backed by a “conducive business environment” in the state and growing demand for quality education, Managing Director Sardar Taranjit Singh said.
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.
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".
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 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.
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Sitharaman said that the new tax deduction slabs are introduced to “substantially reduce the taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment.”
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Expectations of relief on income tax, particularly for lower middle class, is high after Prime Minister Narendra Modi invoked goddess of wealth for elevating poor and middle class.
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