Business
OpenAI, the company behind ChatGPT, will open its first office in India later this year. The office will be located in New Delhi and is expected to begin operations before the end of 2025. The move highlights India’s importance as OpenAI’s second-largest market globally and a key hub for technology growth. Local Entity and Hiring […]
Business Trade
India has restarted negotiations for a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), a bloc led by Russia and including Armenia, Belarus, Kazakhstan, and Kyrgyzstan. The two sides signed the Terms of Reference (ToR) in Moscow to formally relaunch talks. The EAEU represents a market with a combined GDP of over $6.5 […]
Business
Billionaire banker Uday Kotak has warned that the latest U.S. tariffs on Indian exports amounting to nearly 50% have created a “major shock” for the economy. The tariffs come in response to India’s continued trade ties with Russia, particularly discounted crude oil purchases. Kotak said the development highlights India’s vulnerability and the urgent need to […]
Business Finance
Finance Minister Nirmala Sitharaman will brief three ministerial groups of the Goods and Services Tax (GST) Council in New Delhi this week. The groups will discuss rate rationalisation, health and life insurance, and phasing out the compensation cess. Proposal to Simplify GST Slabs The government is considering moving from the current four-tier structure to two […]
Business
Apple India has signed a major lease agreement for 2.7 lakh square feet of office space in Bengaluru’s Embassy Zenith. The deal, spread over a 10-year period, is valued at nearly ₹1,010 crore, making it one of the city’s largest single-tenant office leases. This space is expected to become Apple’s biggest office in India, strengthening […]