CBIC Issues New Customs Rules to Speed Up Provisional Assessments and Ease Trade Summary The Central Board of Indirect Taxes and Customs (CBIC) has notified the Customs (Finalisation of Provisional Assessment) Regulations, 2025 to speed up and bring transparency to provisional assessments for imports and exports. The rules set clear timelines for document submission and […]
Commerce Ministry Identifies 100 Key Imports for Domestic Substitution Summary The Commerce Ministry is shortlisting about 100 imported products — spanning engineering goods, chemicals, pharmaceuticals and plastics — that India could produce domestically to reduce import dependence. The review covers raw materials, intermediates and finished goods and maps current and potential domestic production capacity against […]
Jared Kushner says young people should work in government over Big Tech: ‘It’s a 2-year business school stint’ Summary Former White House adviser Jared Kushner told the “No Priors” podcast that young people should consider working in government as a short, high-value career move — calling it “a two-year business school stint.” He said a […]
ITC Foods Expands into Fresh Packaged Foods to Capture Quick Commerce Growth in India Summary ITC Foods is moving into the fresh packaged food segment — think short shelf-life cookies, cakes and chapatis — using its Sunfeast and Aashirvaad brands to tap rapid growth in quick commerce. The company plans hyper-local, small-batch production across urban […]
Spotify just threw free users a bone Summary Spotify is rolling out a change that lets non-paying users pick and play specific songs rather than being forced to shuffle through playlists. Free users can also search for particular tracks and open song links shared on social media. The update is being rolled out globally from […]
Scale AI lost its focus on product, says Mercor’s CEO Summary Mercor cofounder and CEO Brendan Foody told the 20VC podcast that Scale AI, while strong on distribution and sales under former CEO Alexandr Wang, ‘lost the focus on product’ — specifically on scaling and maintaining data quality. Foody contrasted Mercor’s high pay and elite […]
What the likely first rate cut of 2025 means for Americans Summary The Federal Reserve is widely expected to announce its first interest-rate cut of 2025 at its September meeting, after months of cooling job growth, a slight rise in unemployment and inflation that has crept up again. Markets are pricing in a near-certain cut, […]
Microsoft is close to getting a giant new equity stake in OpenAI. It could be worth at least $150 billion. Summary Microsoft is poised to receive a very large new equity stake in OpenAI after the startup said it will restructure into a for-profit public benefit corporation. The shift creates tradable stock and clears the […]
A Goldman partner on getting sidelined Summary Sara Naison-Tarajano, a partner at Goldman Sachs and global head of private wealth management capital markets (and head of Goldman Sachs Apex), credits competitive sport for shaping her Wall Street career. A defining childhood episode — nearly being forced off a boys’ basketball team in Park Slope — […]
Defence Tech Companies Are Courting Fans With Merch and Vibes Summary Companies such as Anduril, Palantir and startups like Allen Control Systems are turning branded clothing and limited-run items into a cultural play — selling cheeky, meme-friendly merch that doubles as marketing, recruitment and PR. Author style: Punchy — this piece shows how a once-taboo […]
