- L Catterton invests in restaurant operator Nandhana Foods September 16, 2026The investment will support Nandhana’s next phase of growth and enable the group to achieve greater scale
- MUFG's Dragon Funds to deepen India-Japan, Asia-Pacific focus; eyes $600 mn fund September 16, 2026Backed by Japan’s largest bank Mitsubishi UFJ Financial Group, Dragon Funds is the equity financing arm of Mars Platform. Its first fund was about $500 million in size, of which $400 million has already been deployed across 8 companies across India alongside other global markets.
- OpenAI eyes $1.2 trillion valuation in fresh funding round as IPO slips to 2027 September 16, 2026OpenAI is reportedly in early discussions with investors for a new funding round that could value the ChatGPT maker at around $1.2 trillion. The move comes months after its $122 billion fundraise and as CEO Sam Altman pushes the company’s IPO timeline to 2027.
- India's spacetech startups seek fresh capital as investors test appetite September 16, 2026The fundraises by a clutch of spacetech startups will test whether the investor appetite that has produced large rounds for Skyroot and Pixxel extends to the next cohort of companies.
- Oracle Layoffs: CFO says ‘do more with less’ isn’t the answer in first all-hands meet after latest job cuts September 16, 2026Oracle is cutting jobs even as it plans to spend up to $95 billion on capital expenditure in fiscal 2027, largely as it expands its AI and data-centre infrastructure. CFO Hilary Maxson told employees the focus should be on eliminating low-impact work.
- Customs should accelerate AI usage to reduce cost, physical interface with trusted taxpayers: CBIC chief September 16, 2026In a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit direct taxpayer engagement. This initiative seeks to foster a unified, dependable ecosystem. Support for small businesses through deferred duty payment schemes will be implemented, paving the way for a near-touchless, pape […]
- New Zealand parliament passes 'once-in-a-generation' India trade deal, cutting tariffs on most exports September 16, 2026New Zealand's parliament has passed legislation implementing its free trade agreement with India, clearing the way for tariff elimination or reductions on about 95% of New Zealand exports to India. The agreement also provides duty-free access for Indian goods and includes a $20 billion New Zealand investment commitment over 15 years.
- Leather, footwear exports may hit $5.5 billion as UK, EU trade pacts boost growth: CLE Chairman Juneja September 16, 2026India's leather exports are projected to reach USD 5.5 billion by 2026-27. Trade pacts with the UK and EU will significantly boost these future exports. The India-UK agreement offers zero-duty access for Indian leather goods. Similar duty advantages will also be available under the EU trade pact. The sector currently employs over 4.4 million people. […]
- BNP Government of Bangladesh reviews 101 pacts signed with India September 15, 2026Dhaka is reviewing one hundred and one agreements signed with New Delhi. Bureaucrats trained in India over the past decade may face scrutiny. The ruling party alleges past governments compromised national interests with a friendly nation. Goods-laden vehicles from that country were reportedly allowed free road use.
- El Niño effect: Kharif crops, winter sowing face stress as drought hits 53% of India September 15, 2026El Niño effect: El Niño has left more than 50% of India grappling with drought conditions, severely affecting kharif crops currently in the fields. Maharashtra has been particularly hard hit, with extreme drought affecting a large part of its agricultural areas. Other key agricultural states are also experiencing varying levels of drought, raising concerns a […]
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