TCS hiring, cybersecurity moves under US, UK lens
TCS hiring, cybersecurity moves under US, UK lens
Category: economy
BIZ BUZZ: What’s next for Ayala’s car business?
MANILA, Philippines — If you’re wondering whether Ayala will give up more car dealerships after Volkswagen and Honda, don’t brace for any more tearful goodbyes—at least for now. Reliable industry sources told Biz Buzz that Honda is the last vehicle brand that the mobility unit of the country’s oldest conglomerate wants to let go of.
US Govt Shutdown: Republicans, Democrats trade barbs as tourist places close
Callers to the White House comment line heard a recorded message from Press Secretary Karoline Leavitt blaming Democrats for shutting down the government to prioritise healthcare for illegal immigrants over American citizens. Several federal agencies also posted messages on their websites echoing this claim.
OpenAI valuation soars to $500B in private share sale – reports
PARIS, France — The valuation of ChatGPT developer OpenAI soared to a chart-topping $500 billion in a deal for employees to sell a limited number of shares, financial media reported Thursday. If confirmed, OpenAI workers’ sale of a reported $6.6 billion in shares to investors would make the company the world’s most valuable startup, overtaking Elon
Digital Penang and MBAN launch angel investment accelerator to strengthen Penang’s startup ecosystem
Aims to drive innovation and position Penang as a hub for early-stage startups The programme will boost investor numbers & capital, strengthening funding for startups Digital Penang, in collaboration with the Malaysian Business Angel Network (MBAN), has announced the launch of the Angel Investment Accelerator Programmea pioneering initiative designed to nurture a new generation of angel investors while bridging the critical funding gap for early-stage startups in Penang. The launch event and LOA exchange, held in Kuala Lumpur during the MBAN Summit 2025, marked the beginning of a three-month accelerator that will deliver structured training, mentoring and deal-flow opportunities for both aspiring and existing investors. By cultivating a skilled pool of local angel investors, the programme aims to fuel innovation, attract entrepreneurial talent, and position Malaysiaparticularly Penangas a premier hub for 01 startup growth and investment. An ongoing MBAN members survey of 59 respondents highlights the significant role angel investors play in the ecosystem. To date, they have deployed close to US$24 million (RM100 million) across 402 startup investments. The Angel Investment Accelerator Programme is designed to build on this foundation and act as a catalyst to increase both the number of active investors and the total capital deployed, ensuring a stronger pipeline of funding for promising ventures. Ng Kwang Ming, CEO of Digital Penang, emphasised the importance of the collaboration, “By building on our partnership with MBAN and nurturing more angel investors, we can unlock funding for early-stage ventures to drive Penangs digital economy and Malaysias economy more broadly.” Echoing this, Peter Wee, president of MBAN, said, “This collaboration with Digital Penang is a significant step forward for Malaysias startup ecosystem. The Angel Investment Accelerator is not just about trainingit is about connecting capital with innovation. We are creating a structured pathway for investors to learn, discover and fund high-potential startups, directly addressing the funding gap for early-stage growth.” According to Digital Penang, this partnership reflects a collective ambition to deliver tangible outcomes that benefit start-ups, businesses, investors and the future workforce in Penang, while building a stronger and more sustainable investment ecosystem for the state. The programme is open to aspiring and active angel investorsincluding high-net-worth individuals, entrepreneurs, professionals and executiveswho are keen to diversify their portfolios while supporting innovation. Participants will gain from structured learning, peer-to-peer networking, and direct engagement with Penangs growing startup community.
From Soaps To SUVs, What Gets Cheaper & What Becomes Costlier Under New GST Rules? Here’s The Full List
New GST reforms from September 22 will make daily items like shampoo and soap cheaper, while luxury goods and harmful products like tobacco will get costlier. Small businesses will benefit too.
U.N. hits Iran with “snapback” sanctions over its nuclear program
The sanctions will again freeze Iranian assets abroad, halt arms deals with Tehran, and penalize any development of Iran’s ballistic missile program, among other measures.
Thousands of UK start-ups facing WeWork tax blow
The Federation of Small Businesses has sounded the alarm that many firms could be forced to shut down if vital tax relief is taken away from them.
Corporate India Likely To Offer 9.5% Salary Hike In 2025: Survey
According to global professional services firm Aon plc’s ’30th Annual Salary Increase and Turnover Survey 2024 and 2025′, overall salaries are projected to increase by an average of 9.5 per cent in 2025, compared to an increase of 9.3 per cent in 2024.
GST 2.0 Rate Cuts Set To Boost Delhi’s MSME, Trade & Hospitality Sectors
GST 2.0 rate cuts provide direct relief to Delhi households in their everyday expenses and a multi-sector stimulus to the city’s economy as MSMEs, traders and the hospitality sector benefit due to higher demand, reduced costs of inputs and improved competitiveness.