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OpenAI finalizes $40 billion funding at $300 billion valuation

Mint New Delhi

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April 02, 2025

OpenAI, the artificial intelligence (AI) company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from SoftBank Group Corp. and other investors at a $300 billion valuation, including money raised.

The AI developer's financing round is the largest of all time, as per data compiled by PitchBook. The deal values the firm at almost double its previous valuation of $157 billion when it raised money in October. On 26 March, it was

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Mint New Delhi

Mint New Delhi

Centre eyes fix where fraud probes clash with insolvency

The government is keen to iron out the conflicts between the two statutes—PMLA and IBC

time to read

2 mins

October 02, 2025

Mint New Delhi

US trade pact close, comprehensive deal to sidestep patents

As India and the US inch closer to the timeline to finalize a trade deal, both sides are moving towards signing a comprehensive Bilateral Trade Agreement (BTA) that will cover nearly every aspect of commerce, from tariff reduction and easing of non-tariff barriers to expanded access in services and energy cooperation.

time to read

1 min

October 02, 2025

Mint New Delhi

Centre, states mop up ₹1.89 tn GST in Sep

Central and state governments collected ₹1.89 trillion in goods and services tax (GST) before refunds in September, a robust 9.1% improvement over the year-ago period, official data showed on Wednesday.

time to read

1 min

October 02, 2025

Mint New Delhi

Nelco crosses first step to satcom reselling licence

Tata Group-owned Nelco Ltd has received the government’s preliminary approval to resell satellite internet services to consumers by partnering with companies such as Elon Musk’s Starlink, OneWeb, Amazon’s Kuiper and Jio Satellite, according to three people in the know.

time to read

1 min

October 02, 2025

Mint New Delhi

Mint New Delhi

Central bank seen keeping its options open on Tata Sons IPO

A day after the Reserve Bank of India’s deadline for the Tata Group to list its holding company, Tata Sons, passed, the central bank appears to be still weighing its decision, with governor Sanjay Malhotra’s comment leaving the matter open to interpretation.

time to read

1 mins

October 02, 2025

Mint New Delhi

Gaza deal: Viable?

America’s leadership is full of surprises, and for a change, US President Donald Trump's Gaza peace plan is a pleasant one.

time to read

1 min

October 02, 2025

Mint New Delhi

Mint New Delhi

PSUs embrace mediation

Public sector undertakings (PSUs) are beginning to insert mediation clauses in their contracts, in a shift away from their usual reliance on arbitration, as they look for quicker, less expensive, and more amicable ways to resolve their commercial disputes, two people aware of the development said.

time to read

1 min

October 02, 2025

Mint New Delhi

Mint New Delhi

Festive cheer: Govt hikes DA, crop prices in ₹1.2 trillion push

The government on Wednesday approved a hike in dearness allowance for its employees, increased the minimum support price (MSP) for key crops, and okayed a mission to boost pulses output in the country, in decisions that will cost the Centre ₹1.2 trillion.

time to read

1 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

No rate cut, but RBI steps up to lift credit, buoy biz

Hint of December rate cut after two pauses; multiple measures to ease credit flow

time to read

2 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

Festive cheer: Govt hikes DA, crop prices in ₹1.2 trillion push

The government on Wednesday approved a hike in dearness allowance for its employees, increased the minimum support price (MSP) for key crops, and okayed a mission to boost pulses output in the country, in decisions that will cost the Centre ₹1.2 trillion.

time to read

1 mins

October 02, 2025

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