Perplexity CEO Aravind Srinivas, who made an offer to acquire TikTok US operations in January this year, has once again come up with a new bid. This time, his AI-start up made a $34.5 billion unsolicited all-cash offer for Alphabet’s Chrome browser on 12 August. The three-year-old company has secured approximately $1 billion in funding … Read more
Paytm Payments Services Ltd (PPSL) is a subsidiary of One97 Communications Ltd (OCL), the parent of Paytm. PPSL has been awaiting regulator nod to offer Payment Aggregator (PA) services since 2020. RBI had rejected its payment aggregator licence application in November 2022, instructing the company to reapply with compliance under foreign direct investment (FDI) norms. … Read more
US President Donald Trump said on Monday that gold imports will not face additional tariffs, ending days of uncertainty that had rattled global bullion markets and sent futures prices to record highs.”Gold will not be Tariffed!” Trump said in a statement on his Truth Social account, without providing further details. His remarks followed confusion triggered … Read more
US President Donald Trump’s decision to double tariffs on Indian goods to 50% could deal a major blow to New Delhi’s manufacturing ambitions, ratings agency Moody’s warned on Friday.Moody’s cautioned that the steep tariff gap compared with other Asia-Pacific nations could reverse some of India’s recent gains in attracting global investment, hurting both growth and … Read more
Antfin has sold it’s final remaining 5.84% stake in Paytm. Deal has been executed in open market at Rs 1,020/ share aggregating Rs 3,800 cr. Antfin was the last remaining Chinese shareholder, and now Paytm will no longer have any Chinese ownership. This would possibly also looked favorably by the Indian regulators. Ant’s exit was … Read more
The 25% tariffs on Indian imports announced by Donald Trump, the US President, are likely to have a negligible impact on India’s GDP, with PHDCCI suggesting diversification in bilateral trade agreements as a strategy for the country to navigate geopolitical uncertainty and growing protectionism. The tariffs are “estimated to impact 1.87% of India’s total global … Read more
The six-member Monetary Policy Committee (MPC) at its 56th meeting voted unanimously to keep the policy repo rate unchanged at 5.5% and retained its neutral stance even as it maintained growth forecast for FY26 at 6.5% and lowered inflation projection to 3.1% from its earlier estimate of 3.7%. RBI governor Sanjay Malhotra said the decision … Read more
Apple CEO Tim Cook joined U.S. President Donald Trump at the White House on Wednesday (August 6, 2025) to announce a commitment by the tech company to increase its investment in US manufacturing by an additional $100 billion over the next four years. “This is a significant step toward the ultimate goal of ensuring that … Read more
As India and the US spar over India’s import of Russian oil, there is much more at play than India’s need for cheap energy. The trade talks stalemate between the two countries points at issues beyond India’s refusal to open its market to certain American products. India doesn’t merely want cheap oil or a fair … Read more