business news

India is set to introduce 50-year bonds for the first time in response to increasing demand from insurance and pension funds, diversifying its debt offerings and extending its yield curve. This move aligns with the changing landscape of India's sovereign debt market and aims to reduce the government's reliance on bank purchases for funding record borrowings.

Procter & Gamble India (P&G India) unveils the 'P&G Supply Chain Catalyst Fund,' a Rs 300 crore initiative to collaborate with innovators and startups, emphasizing agility and resilience in the supply chain while aligning with the country's Gati Shakti initiative.

Piyush Pandey, renowned for reshaping Indian advertising and bridging the gap between India and Bharat through iconic campaigns, is stepping down from his leadership role at Ogilvy India after a remarkable 41-year association with the agency.

Ashneer Grover, the founder of Crickpe and former BharatPe founder, slams the issuance of ₹55,000 crore tax demand notices to gaming companies, calling it harassment and urging the Finance Ministry to address the issue.

Mahindra Group responds to an FIR against its chairman, Anand Mahindra, and officials over a doctor's fatal SUV crash, stating that the airbags did exist but didn't deploy due to a vehicle rollover. The case has raised concerns about car safety features and India's alarming road accident statistics.

In October, several significant changes are set to take place in the personal finance and administrative landscape of the country. These changes will have a direct impact on the lives of millions of people across India. Let's take a closer look at these transformations:

Fantasy sports platform Dream11 has approached the Bombay High Court to contest the retrospective imposition of 28% GST on bets placed on its platform. The company argues that the tax demand is unjust, citing past judgments that classified its services as games of skill rather than gambling.

The US Federal Trade Commission (FTC) has initiated a significant antitrust lawsuit against Amazon, joined by 17 state attorneys general, alleging that the online retail giant's actions have led to higher prices for consumers and stifled competition. This move is part of the ongoing effort to address the dominance of Big Tech companies in various aspects of the internet.

An FIR has been lodged against Mahindra Group's Chairman, Anand Mahindra, and 12 others in Uttar Pradesh following a complaint by a man who lost his son in a car accident. The complainant alleges that Mahindra and the company provided "false assurances" regarding the car's safety features, which reportedly failed to deploy during the accident, leading to his son's tragic demise.

Amazon is making a substantial foray into the AI sector with a multi-billion-dollar investment in Anthropic, a prominent player in AI development. This move intensifies the competition with industry giants like Microsoft, Google, and OpenAI, as Amazon seeks to enhance its AI capabilities and bolster its Alexa voice assistant.