WHAT IS BUSINESS
Explained: Why are Vedanta investors disappointed on Rs 17,000-crore Jaiprakash acquisition bid
Vedanta’s Rs 17,000 crore bid for Jaiprakash Associates assets raises concerns over weak synergies, debt risks, and limited turnaround potential. Analysts question the addition of non-core, litigation-prone businesses, though the staggered payment eases cash flow pressure. Shares fell 2.2%, reflecting investor skepticism amid volatile markets.
Nominal GDP growth may miss FY26 target on soft inflation: CEA V Anantha Nageswaran
Chief Economic Advisor V Anantha Nageswaran anticipates a potential shortfall in nominal GDP growth compared to the budgeted 10.1% due to benign inflation. However, he remains optimistic about achieving the real GDP growth target of 6.3-6.8% despite US tariffs. GST reforms, expected good harvest, and direct tax relief should boost consumption.
Dividend stock investing: How ICICI Prudential MF's Mittul Kalawadia balances growth with yields
ICICI Prudential AMC's dividend yield strategy, led by Mittul Kalawadia, balances yield sustainability with growth potential across market caps. The fund dynamically adjusts sector exposure based on business cycles and valuations, focusing on long-term wealth creation. This approach has delivered strong returns, making it a core component for investors seeking diversified equity allocation.
Techie, who dropped out of college, is now earning Rs 1.5 lakh per month, gives mother new home: 'Was called useless'
A young man defied his mother's doubts after leaving engineering, fueled by her concern that he'd be "useless" without a degree. He mastered e-commerce skills, particularly within the Shopify ecosystem, and achieved financial stability. In 2025, he proudly gifted her a Delhi apartment purchased with his earnings, proving that success extends beyond traditional education.
South Korea to fly detained workers back as US vows more raids on employers
Following a raid at a Hyundai plant in Georgia, South Korea is retrieving its workers. Negotiations for the release of about 300 detained South Koreans are complete. A chartered plane will bring them back after processing. US President Donald Trump addressed foreign companies to respect immigration laws. The incident occurred after a summit pledging closer business ties.
BJP resolution urges businesses to pass on GST cut benefits to consumers
A BJP resolution, lauding PM Modi's GST rate cut, urges manufacturers and traders to pass on the benefits to consumers, fostering fairness and growth. The resolution emphasizes that lower prices will drive demand, boosting prosperity and strengthening the nation.
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Trump realised he was wrong about India: Ex-diplomat KP Fabian on US President's softened tone
Amidst trade tensions, former diplomat KP Fabian suggests President Trump is reconsidering his aggressive tactics towards India, particularly regarding tariffs linked to Russian oil purchases. Despite expressing displeasure, Trump affirmed a "very special relationship" with India, a sentiment reciprocated by PM Modi, who emphasized the forward-looking strategic partnership between the two nations.
Meta hiring US-based contractors to build Hindi AI chatbots: Report
Applicants are required to be fluent in Hindi, Indonesian, Spanish, or Portuguese, and must have at least six years of experience in storytelling, character development, and familiarity with AI content workflows.
'Ek baar aap GST dekh lo': PM Modi's nudge ushered in biggest GST reform in 8 years
Prime Minister Narendra Modi’s push led Finance Minister Nirmala Sitharaman to review the GST regime, resulting in a major overhaul. The GST Council approved scrapping 12% and 28% slabs, leaving 5%, 18% and 40% for sin goods. Effective September 22, nearly 400 products will get cheaper, insurance premiums turn tax-free, and compliance will ease for businesses, especially SMEs.
Zzz of doing biz in the time of GST and tariffs
A dream businessman is nimble about what he makes, sells, trades
Mystery deepens as Barron Trump misses first week of school — official gives cryptic reply
Barron Trump, son of Donald Trump and Melania Trump, has sparked mystery after missing the first week of classes at NYU Stern School of Business. Questions about his studies and public life continue as reports suggest he is focusing more on business projects and family. His low profile and absence from events have fueled speculation.
OpenAI takes on LinkedIn with new jobs platform for AI-ready workers
OpenAI’s recently appointed CEO of applications, Fidji Simo, announced in a company post that the OpenAI Jobs Platform aims to connect businesses with AI-skilled workers. According to Simo, the platform will "use AI to help find the perfect matches between what companies need and what workers can offer".
108% return on Sovereign Gold Bonds: RBI announces premature redemption price of this SGB series
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bonds (SGB 2020-21 Series-VI) at Rs 10,610 per unit, due on September 6, 2025. These bonds, issued at Rs 5,117 per gram in August 2020, offer an absolute simple return of approximately 107.35% upon premature redemption, excluding interest.
Giorgio Armani leaves a legacy as 'the master of luxury ready-to-wear'
Giorgio Armani, who recently passed away at 91, revolutionized fashion with his soft-shouldered jackets and keen eye for textiles, building a $10 billion empire. He maintained independence, focusing on apparel and creating timeless elegance appreciated by Hollywood and everyday individuals. Armani's legacy includes a foundation for succession, ensuring his brand's continued attention to detail and singular vision.
GST reforms transformative, will ensure tax certainty: CBIC chief
CBIC Chairman Sanjay Kumar Agarwal announced transformative GST reforms aimed at providing tax certainty and stability for investors. While initial revenue may be slow, the reforms are expected to boost consumption and growth. The focus will shift to tackling tax evasion and enhancing the system, with the GST Appellate Tribunal expected to be operational by December.
Nikhil Kamath’s 'digital detox' question uncovers a surprising truth: Stanford-graduate venture capitalist says, ‘It is already a business’
On Nikhil Kamath’s WTF podcast, venture capitalists Deedy Das, Nikunj Kothari, and Niko Bonatsos explored whether digital detox could become a major business. Bonatsos, a Harvard, Cambridge, and Stanford graduate known for backing Snapchat and Discord, argued it already is, citing retreats, apps like Clearspace and Opal, and “dumb phones.” While panelists noted cheap data and YouTube’s dominance make detox unrealistic for many, Bonatsos said consumers are increasingly paying to escape digital overload.
GST rate cut must benefit people, not increase profits of big corporates: Siddaramaiah
Chief Minister Siddaramaiah welcomed the GST rate cuts but urged the Centre to ensure the benefits reach the people, not just corporations. He criticized the Modi government for the delayed acceptance of reforms, claiming it caused hardship. Karnataka anticipates a revenue loss of ₹15,000-20,000 crore due to the cuts but supports the move for public welfare.
US labour market in doldrums as August hiring adds just 22,000 jobs — unemployment hits four-year high
US labour market in doldrums as the August jobs report showed only 22,000 new jobs, while the unemployment rate climbed to 4.3%, the highest in nearly four years. Businesses are slowing recruitment due to tariffs, weak demand, and rising costs, while revisions to past data revealed even fewer jobs than earlier reported. With fewer openings than job seekers for the first time since the pandemic, the latest US jobs report signals rising risks ahead.
Telcos seek clarity on name display in caller ID trials
Indian telecom operators are testing the Calling Name Presentation service. They want clarification from the Department of Telecommunications. The query is regarding displaying caller details for business and family connections. Currently, the customer acquisition form details are displayed. The government will decide on implementation after trials. The aim is to curb spam calls. Technological constraints exist for 2G networks.
Lawyer named Mark Zuckerberg sues Meta for shutting his accounts over impersonation
Mark Zuckerberg, an Indianapolis lawyer, is suing Meta. He shares a name with the tech giant's CEO. Facebook repeatedly suspended his accounts. The platform accused him of impersonation. This caused business losses. He wants Meta to stop the shutdowns. He also seeks compensation for damages. Meta acknowledges the lawsuit and is investigating the matter.
‘Coca-Cola knows how to react to short-term attacks’: Global COO on why most new entrants never become $1-billion brands in the long run
Coca-Cola's global COO, Henrique Braun, addressed increasing competition in India, stating the company is prepared for short-term challenges while maintaining a long-term focus. He acknowledged a slowdown in growth momentum in key markets like India due to weather and macroeconomic factors. Despite volume declines, Coca-Cola remains committed to long-term value creation, exemplified by its partnership with the Jubilant Bhartia Group.
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.
US economy in recession soon? State-level data signals downturn ahead as Moody’s warns Trump’s tariffs add looming risk
U.S. economy may be closer to recession than Washington admits. Fresh state-level data shows key regions like California and New York already faltering, and Moody’s chief economist Mark Zandi warns Trump’s tariffs could accelerate the downturn nationwide.
Mizuho’s India deal with Avendus is said to stall on valuation
Mizuho Financial Group's attempt to acquire a majority stake in Avendus Capital has encountered obstacles due to disagreements over valuation and KKR's exit strategy. Despite the current challenges, negotiations are still in progress, with both parties striving to finalize the deal. This potential acquisition follows Sumitomo Mitsui's investment in Yes Bank, highlighting Japanese lenders' growing interest in the Indian market.
GST 2.0: What’s next for businesses and what can India Inc do?
The GST Council's recent announcements focus on rate consolidation, trade facilitation, and improved consumer ease. Rate reductions on B2C products aim to boost affordability, while input rate cuts for solar, textiles, and fertilizers correct inverted duty structures. The removal of the 'intermediary' provision simplifies export regulations.
Clippers in hot water — Ballmer allegedly paid Kawhi Leonard $28 million off-books in salary to skirt NBA cap
The Los Angeles Clippers and owner Steve Ballmer face accusations of circumventing NBA salary cap rules. Allegedly, Kawhi Leonard received $28 million through a Ballmer-funded company, Aspiration, for a "no-show job." This arrangement is under scrutiny, with claims suggesting it was designed to exceed Leonard's contract limits, though the Clippers deny any wrongdoing.
The great middle squeeze — why brands serving the mid-tier are collapsing
The middle class is facing economic pressures, leading to a collapse of the center in various sectors like politics and sports. Businesses catering to the middle are struggling due to high costs and lack of differentiation. Successful brands now focus on either mass appeal or niche markets, requiring a fundamental rethinking of business models to thrive in this evolving landscape.
NFO Insight: Invest in Tata, Birla, Ambani stocks with just one mutual fund
Baroda BNP Paribas Mutual Fund introduces a new fund offer, the Business Conglomerates Fund, allowing investors to tap into India's prominent business groups like Tata, Birla, and Ambani. The fund aims to capitalize on value creation through demergers and restructurings, offering diversified exposure across multiple sectors.
Nifty Next 50: Can this be your next move in largecap investing
What next? We often ask ourselves this question as we move ahead in life - after passing an important academic exam, after getting promoted at work, or after achieving a health milestone.
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