Toyota will delay its electric vehicle production in North America to early 2026, citing design adjustments and slowing EV sales. Production of its first battery EV model, a three-row SUV…
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PE-VC funds make 5x gains from fintech IPOs in 5-6 years
Private equity and venture capital firms saw median returns of 5x from fintech public listings over 5-6 years, with a 30% internal rate of return. Despite the attractive returns, caution…
OpenAI raises $6.6 billion in funds at $157 billion value
OpenAI has secured $6.6 billion in new funding, with Thrive Capital and Microsoft leading the round, pushing its valuation to $157 billion. The funds will drive AI research and computing…
Dabur India’s drops more than 7% after forecasting first revenue decline in 4 years
Dabur India’s shares fell by up to 7.8% after a revenue decline for the first time in four years. The company attributed this to weak demand in the food and…
Reforms needed to boost speed, recovery rates and judicial efficiency of India’s insolvency and bankruptcy framework
Data indicates that resolutions completed within 330 days resulted in a 49% recovery rate under the IBC, while those resolved between 330-600 days achieved a 36% recovery rate. In contrast,…
Gold prices soar! Safe-haven appeal, festive demand drive gold rates up Rs 1,500 in just a day; analysts expect further rise
Gold prices surged to Rs 78,300 per 10 gm amidst Middle East tensions and lower US bond yields on Wednesday. Increased footfalls at Zaveri Bazaar indicate heightened consumer demand, driven…
iPhone SE 4 with Face ID, Apple Intelligence to be officially available early next year: Mark Gurman
iPhone SE 4 has been the subject of rumors for a long time. As we wait for official confirmation about its existence, Bloomberg’s Mark Gurman has claimed that Apple is…
India to become USD 1 trillion digital economy by 2028, enabled by Internet, 4G, 5G and digitization, ETCFO
New Delhi [India] October 2 (ANI): With the digital initiatives of the government, India’s financial ecosystem has undergone a paradigm shift over the years. A recent report from ask capital…
Without development of rural India, it will be difficult to achieve developed India target by 2047: CAG, ETCFO
India cannot be developed without the development of the hinterland. developed india or a developed nation by 2047, the Comptroller and Auditor General of India (CAG, Girish Chandra Murmu Said…
Lawrence Summers, CFO News, ETCFO
Global economic growth is poised for a transformational shift, driven by artificial intelligence (AI) and technological progress, American economist Lawrence H. Summers cautioned against leaving technology unchecked. Speaking at the…