The cost pressures have emerged as the top concern for Indian companies, as 91 per cent companies are planning to reduce their tax and finance budgets, reflecting the impact of financial strain on corporate operations, said EY report.
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ChatGPT creator OpenAI will allow its employees to sell shares worth roughly $1.5 billion to Japanese tech investor SoftBank, CNBC reported on Wednesday. The purchases in a tender offer will allow SoftBank to increase its stake in OpenAI and permit…
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SoftBank CEO Masayoshi Son’s India visit includes meetings with PM Modi and Mukesh Ambani, highlighting India’s importance. Son’s trip follows SoftBank’s strong earnings, boosted by Indian IPOs like FirstCry and Ola Electric. SoftBank anticipates more Indian IPOs, with OfBusiness expected…
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Lumax Auto Technologies expands into green fuels with Greenfuel acquisition. The deal, worth INR 153.09 crores, gives Lumax a majority stake in Greenfuel’s CNG and hydrogen fuel systems business. This move positions Lumax for growth in the expanding alternative fuels…
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JPMorgan predicts a challenging 2025 for emerging markets due to U.S. policy shifts and uncertain China growth. Slower growth, significant bond fund outflows, and a stronger dollar are anticipated, impacting emerging market fixed income returns. Emerging markets face choppy waters…
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India’s truck and bus makers have projected a sales recovery. Freight movement is improving. Construction and mining are resuming. Government infrastructure projects are restarting. Kilometre usage by commercial vehicles is picking up. Sales rose in October. The festive season boosted…
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