OpenAI Nears Doubling Valuation to $157 Billion in Latest Funding Round OpenAI has successfully secured $6.6 billion in new funding, a milestone following a complex and strategic fundraising process. This round engaged multiple tech giants, overseas investors, and addressed internal company dynamics. Key Highlights of the Funding Round Valuation Surge: OpenAI is now valued at $157 billion, placing it on par with leading publicly traded companies such as Goldman Sachs, Uber, and AT&T. Previous Valuation: […]

SEBI Tightens Derivatives Norms: Key Implications for Investors The Securities and Exchange Board of India (SEBI), in its commitment to safeguarding investors, has introduced stricter regulations for the equity derivatives (Futures and Options) market. These measures are designed to curb excessive trading activity and protect retail investors from undue risk. These changes, slated to come into effect over the coming months, reflect SEBI’s proactive stance in ensuring market stability and transparency. Key Changes and Their […]

GST Revenue: September Collections and Future Outlook Overview of September GST Collections Central and state governments collectively garnered ₹1.73 trillion in Goods and Services Tax (GST) for September. This figure reflects a 6.5% increase compared to the same month last year, when ₹1.63 trillion was collected. Key Highlights Monthly Average for the First Half of Fiscal Year: Despite being the lowest in four months, the average monthly GST collection remains robust at ₹1.81 trillion for […]

Fund Managers Bet Big on Financials: The Shift from Banks to NBFCs Fund managers are recognizing financial stocks as a promising investment theme, but the journey isn’t without challenges. While there is optimism, the recent data shows a nuanced picture. Foreign Portfolio Investors (FPIs) exhibit a fluctuating pattern in finance and banking stocks, characterized by periodic buying and selling. January and February: Significant selling of financial stocks by FPIs. March: Renewed interest. April to May: […]

Raghuram Rajan’s Perspective on Benchmark Interest Rates Introduction Former Reserve Bank of India (RBI) Governor Raghuram Rajan has voiced concerns about the practice of excluding food prices from headline inflation while setting benchmark interest rates. He believes that such actions could undermine public trust in the central bank’s ability to manage inflation effectively. Core Suggestions from Raghuram Rajan Inclusion of PPI: Rajan recommends that the RBI should incorporate the Producer Price Index (PPI) into its […]