BUSINESS DEFINITION
MAGA may make for great politics, but so far it’s been bad geopolitics
The India-US relationship faces challenges under Trump's 'MAGA' approach, marked by trade disputes and perceived ally humiliation. Despite tensions, India strategically engages with other nations while keeping communication channels open with Washington.
Cognition AI cinches $10 billion valuation with new funding
The latest round was led by Founders Fund, the venture capital firm backed by Peter Thiel, and included existing investors such as Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital and Swish Ventures, the company said Monday.
Behind the scenes: Sitharaman chaired 3 separate meetings on GSTN preparedness for GST 2.0
Finance Minister Nirmala Sitharaman is preparing for the rollout of the next-generation GST with reduced rates and fewer slabs, effective September 22. Three meetings were conducted to assess GSTN's readiness and the necessary technological upgrades. The GST Council decided to decrease the number of slabs to two: 5% and 18%, with a 40% rate for ultra-luxury and tobacco products.
Luxury sees double-digit uptick as shoppers get more to spend
Luxury brands anticipate significant sales growth this festive season. A longer wedding season and India-specific collections are driving this surge. GST rate cuts are also expected to boost consumer spending. DLF Retail forecasts double-digit growth for luxury brands in its malls. Brands like Gucci and Louis Vuitton are focusing on the Indian wedding market.
How to grow in your career without getting promoted in hierarchy
How to grow in your career without getting promoted in hierarchy
Amber Enterprises raising Rs 1,200 crore for its subsidiary Iljin Electronics
Amber Enterprises India is set to raise Rs 1200 crore from investors like ChrysCapital and Raptor Investments for its electronic manufacturing service business, Iljin Electronics. The funds will fuel Iljin's organic and inorganic growth, with Amber's stake diluting post-investment. Iljin manufactures printed circuit boards for various industries, including automotive and telecommunications.
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500 micro cuts: Compliance burden weighs heavy on MSMEs that have to adhere to over 500 micro regulations every year
Entrepreneurs face a complex web of regulations, hindering growth. MSMEs bear a disproportionate compliance burden. The govt is working to decriminalize laws and simplify processes. Jan Vishwas 2.0 aims to further reduce criminal liabilities. Implementation of labor codes and GST framework reset are crucial. Technology and focused simplification can significantly lower compliance costs.
She owned 4 homes but sold them all to live on rent: Millionaire money coach shares how renting helped her get richer
Financial coach Bernadette Joy challenges the traditional belief that homeownership is essential for wealth. After owning four properties, she and her husband sold them to return to renting. The move helped them save on hidden costs, reduce stress, and invest more effectively. Joy’s experience highlights how renting can offer financial freedom, flexibility, and peace of mind—proving that wealth-building doesn’t always require owning property.
At White House dinner, Trump lauds Nadella, Pichai amid praises from executives
Trump hosted a power-packed cohort of technology executives for dinner at the White House on Thursday, saying the "high IQ group" is leading a revolution in business.
See FY26 growth at 30-35%; dreamy-eyed founders keen on listing in 3-4 yrs: PEP Brands' Sharma
PEP Brands anticipates significant growth, aiming for 30-35 percent in FY26. Digital trends are boosting beauty and personal care product demand in India. The company plans international expansion for its Hyphen brand. An IPO is envisioned within 3-4 years. Focus remains on sustainable growth with profitability. mCaffeine and Hyphen are experiencing different growth rates.
Amazon completes $200 million cash acquisition of Axio, adds an NBFC licence via deal
While the company did not disclose the deal size, sources pegged it at around $200 million, with all the existing investors of Axio making an exit and the founders continuing to run the show.
Definitely a high IQ group: Trump hosts tech CEOs, including Sundar Pichai, Satya Nadella, at White House
Former US President Donald Trump hosted top tech leaders including Satya Nadella, Sundar Pichai, and Tim Cook at the White House, praising their innovation and investments. Discussions centred on AI, education, and economic growth, with executives highlighting significant US investments. Trump lauded their contributions to American technology and global trust.
Analysts expect festive online sales to grow 30% after GST relief
Amazon India will start its Great Indian Festival on September 23. This follows the GST Council's rate cuts on footwear, apparel and other items. Analysts expect the tax revision to boost demand during the festive season. Electronics and appliance sales may grow significantly. Ecommerce platforms and retailers are expected to ship goods worth Rs 1.2 lakh crore.
GST Council clears process reforms for taxpayers
The GST Council has approved structural and process reforms for small taxpayers, including auto refunds and prefilled returns by October. A simplified registration mechanism for e-commerce suppliers, operational GST Appellate Tribunal by October, and backlog appeal limitations until June 30, 2026, were also approved.
Trump says US would be on 'brink of economic catastrophe' unless justices rule his tariffs are legal
Donald Trump's administration urgently appealed to the Supreme Court to uphold his tariffs, claiming their removal would devastate the U.S. economy. Solicitor General D. John Sauer requested an expedited decision, emphasizing the tariffs' role in promoting peace and economic prosperity, and combating issues like fentanyl and the Russia-Ukraine conflict.
Govt delivers 'GST Diwali bonanza': Cheaper essentials, big relief on insurance premiums
India's Goods and Services Tax (GST) undergoes a major overhaul, eight years after its launch, with the GST Council approving significant rate cuts on numerous everyday items. Effective September 22nd, the new rates aim to boost consumption by shifting to a two-slab structure of 5% and 18%, abolishing the 12% and 28% rates.
ET MSME Awards 2025: Announcing our first three judges!
Three industry veterans — with more to come — will crown India’s next MSME champions. Their combined business wisdom spans steel, sugar, and everything in between.
Watch: Noida tower dressed in monsoon clouds has internet shouting 'Bharat ka Burj Khalifa’
A video of Noida's Supernova Tower surrounded by monsoon clouds is currently trending. Social media users are calling it 'Bharat ka Burj Khalifa'. The India Meteorological Department has issued alerts for Delhi-NCR due to ongoing rains. The Yamuna River has crossed the 207-metre mark, affecting areas like Nigambodh Ghat.
Vi launches 5G services in Kolkata, expands footprint in West Bengal
Vi users in Kolkata with 5G-enabled smartphones will be able to access the service starting Friday. As an introductory offer, the company is providing unlimited 5G data on recharge plans beginning at Rs 299. The service is expected to support high-definition streaming, gaming, video conferencing, faster downloads and real-time cloud access.
GST relief to boost insurance penetration, ease burden on policyholders: Nilesh Sathe
The government's GST reform has eliminated the 18% tax on insurance premiums, a move expected to boost insurance penetration in India. While policyholders will benefit from lower costs, insurers may face challenges in adjusting premium structures due to the loss of input tax credit, potentially squeezing profit margins, especially on renewal policies.
Government planning to bring shell companies out of their shell
The government is planning stricter regulations to oversee shell companies, aiming to eliminate regulatory blind spots. Ministries are considering a shell company registry and a refined definition of 'shell company'. Discussions involve intelligence agencies, focusing on stringent norms and leveraging the Central KYC Registry for early detection and risk mitigation.
KISSing those crazy GST slabs bye
The GST Council has streamlined the tax structure, introducing a 0%, 5%, 18%, and 40% tier system, eliminating the 28% slab except for luxury items. While many goods and services now fall under the 5% and 18% categories, a 40% 'sin' tax on certain items remains. Hotel tariffs below ₹7,500 will be taxed at 5%.
GST Council okays fast registration for non-risky businesses, seven-day refund window
The GST Council is likely to approve reforms aimed at easing compliance for small businesses, including faster registration and refunds. Amendments to the place of supply definition will benefit Global Capacity Centres and ITES, while rate rationalization discussions continue. The council also addressed post-sales discounts and appellate tribunal issues, focusing on reducing litigation and supporting small taxpayers and exporters.
Ceat completes acquisition of Camso OHT, tracks business
Ceat has finalized its acquisition of Michelin Group's Camso off-highway tyres and tracks business, marking a significant step in Ceat's ambition to become a major player in off-highway mobility. The integration of Camso, a premium brand in construction equipment tyres, will enhance Ceat's product offerings and market presence, particularly in the EU and North American markets.
Ceat expects Camso integration to boost its topline by 10-15%
Ceat anticipates a 10-15% revenue boost following the integration of Camso, acquired from Michelin for USD 225 million. This acquisition provides access to a global customer base and manufacturing facilities, strengthening Ceat's position in the high-margin off-highway tyres segment.
Govt to frame rules, set up authority under Online Gaming Act soon: Centre tells Delhi HC
The Centre told the Delhi High Court it will soon notify The Promotion and Regulation of Online Gaming Act, 2025, and constitute a regulatory authority. Solicitor General Tushar Mehta said the government supports online gaming but flagged risks of money games causing addiction.
CCI clears Manipal Hospitals' proposal to acquire Sahyadri Hospitals
The Competition Commission of India (CCI) has approved Manipal Hospitals' acquisition of Sahyadri Hospitals from Ontario Teachers' Pension Plan Board for an estimated Rs 6,400 crore. This acquisition will expand Manipal's network to 49 hospitals with approximately 12,000 beds, solidifying its position as one of India's largest hospital chains and significantly increasing its presence in western India.
Trump’s Tariff regime too fluid to assess immediate impact; Infineon bullish on India
After CDIL, Infineon partners with second Indian firm Kaynes Semicon for earbuds. CS Chua, president and MD of German chipmaker Infineon Technologies Asia Pacific told ET in an interview that India’s vast engineering talent pool and competitive wages make it a global hub for semiconductor research.
DTDC Express expects e-commerce vertical to account for around 50 pc of total business
DTDC Express anticipates its e-commerce segment to constitute approximately 50% of its total business, driven by the increasing demand for rapid commerce. The company plans to establish 125 dark stores within the next three quarters to meet customer expectations for faster deliveries. DTDC is also investing heavily in technology and innovation to support its growth in the express industry.
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