Savings Effect

📱 GSMA chief Vivek Badrinath says India should explore 5G network slicing for more tailored telecom services.

🇮🇳 Indians accounted for 19% of claimants under Ireland’s Special Assignee Relief Programme in 2024 — the largest share.

GST Council approves faster GST refunds, automated registrations and ₹5 crore prosecution threshold

India’s biggest-ever IPO Jio Platforms IPO is likely to hit the primary market on 21 October and likely to be priced around ₹1,300– ₹1,450 per share, according to media reports. The proposed issue size of around ₹37,700 crore could make the Jio Platforms IPO one of India’s largest public offerings.

India will need nearly 16% export growth to hit the target as global trade is expected to expand just 2.5-3%.

US sanctions two Mumbai-based firms, 5 Indian nationals over Iran oil trade The action against the Indian entities and individuals is part of the US crackdown against Iran under Operation Economic Outcast.

Jeff Bezos becomes world’s second richest person after Blue Origin valuation soars to $140 billion Bezos incorporated Kent, Washington-based Blue Origin in 2000, about two years before Musk’s founding of SpaceX

TCS onboards 10,000 campus graduates in Q2, plans further hiring on demand basis TCS onboarded 10,000 freshers in the July-September quarter. Q2 net profit rose 4 percent sequentially to Rs 13,884 crore. Total headcount reached 598,056 with attrition at 13.3 percent.

Jane Street alleges SEBI report prepared after ex-parte order to bolster case; SEBI calls plea ‘fishing enquiry’ - Jane Street claims SEBI report was made after ex-parte order. - Firm argues SEBI failed to clarify large delta thresholds.

Infosys, Wipro ADRs slip 3% as US cracks down on H-1B visa programme - US suspended PERM program for Infosys and Wipro. - Infosys and Wipro ADRs fell nearly 3 percent. - Action aims to encourage hiring of American workers.

Akasa Air re-introduces fuel surcharge for domestic flights, hikes surcharges for intl services "In view of the prevailing fuel price environment, Akasa Air has taken a measured approach to partially offset the impact," the statement said.

GST Council approves key GST reforms The GST Council has raised the monetary threshold for prosecution of offenders to ₹10 crore from ₹5 crore and approved curbs on arrest powers. The Council also approved ITC on employee insurance expenses, a ₹10,000 threshold for GST show-cause notices, and cut GST on delivery services provided by unregistered riders through e-commerce platforms to 5%.

India’s retail credit AUM rises 18% YoY to ₹142 lakh crore in the June quarter, says Experian.

Desible.ai raises ₹32 crore from Prime Venture Partners to build AI operating layer for BFSI

TCS’ AI revenue crosses $3 billion in Q2, contributing over 10% of the company’s topline.