Elon Musk’s xAI Lays Off 500 Employees, Shifts Focus to Specialist AI Tutors
Elon Musk’s artificial intelligence startup, xAI, has laid off at least 500 employees from its data annotation team, according to a report by Business Insider. This division, often described as…
Retail Inflation Rises to 2.07% in August
India’s retail inflation saw a slight rise in August, moving to 2.07 percent. This marked an end to the ten-month cooling streak that had kept inflation consistently declining. Even with…
Income Tax Updated Returns: Timeframe Extended to 48 Months
The income tax filing system in India has seen a significant change. Taxpayers now have more time to correct mistakes or omissions in their returns. The government has extended the…
Scrapping 97 Lakh Vehicles Could Yield ₹40,000 Crore GST, Says Nitin Gadkari
Union Minister for Road Transport and Highways Nitin Gadkari has made a strong pitch to India’s automobile industry, outlining the far-reaching benefits of the government’s vehicle scrapping policy. Speaking at…
PM Modi Inaugurates ₹8,070 Crore Bairabi-Sairang Rail Line in Mizoram
Prime Minister Narendra Modi has inaugurated the Bairabi-Sairang New Rail Line in Mizoram, a landmark infrastructure project valued at ₹8,070 crore. This development connects the state capital to the Indian…
GST 2.0 Live 2025: India’s Next Big Tax Reform Explained
The Government of India has rolled out GST 2.0, effective from 22 September 2025, announced by the Prime Minister Narendra Modi as a Diwali gift for the common people. The…
FMCG Companies Say GST Cuts May Not Directly Lower Prices for Consumers
FMCG companies have informed the government that they may not be able to directly pass on the benefits of recent GST rate cuts to consumers. Instead of reducing prices, companies…
Urban Company IPO GMP Surges 45% as Issue Subscribed 24x on Final Day
Urban Company’s Initial Public Offering (IPO) witnessed overwhelming investor participation on September 12, the final day of bidding. The IPO, valued at Rs 1,900 crore, saw bids pouring in across…
Defence Stocks Rally Up to 6% on Order Wins and Heavy Volumes
Defence sector stocks surged on September 12, 2025, driven by strong order wins, heavy trading activity, and upcoming dividend record dates. The rally pushed the Nifty India Defence index higher…
Sensex Rises 400 Points, Nifty Crosses 25,100 as US Fed Rate Cut Bets Fuel Rally
India’s benchmark indices, the Sensex and Nifty, gained sharply on Friday, September 12, 2025, tracking firm global cues and rising optimism over a potential interest rate cut by the US…
