San Francisco: ChatGPT creator OpenAI is planning to restructure its core business into a for-profit benefit corporation, which would no longer be under the control of its non-profit board, Reuters reported.
Ahmedabad/IBNS: The International Financial Services Centres Authority (IFSCA) is expected to introduce regulations for listing commercial papers (CPs) and certificates of deposit (CDs) on the GIFT City exchange within the next three weeks, Moneycontrol reported, citing its sources.
Mumbai/IBNS: Australian multinational brokerage firm Macquarie has indicated that HDFC Bank, India’s largest private lender, could see its loan growth dip below 10 percent year-on-year (YoY).
Mumbai/IBNS: Ahead of US Federal Reserve chair Jerome Powell's upcoming speech, gold prices remained steady on Thursday (Sept. 26) but hovered near record highs.
California/IBNS: American artificial intelligence (AI) research company OpenAI's Chief Technology Officer (CTO), Mira Murati, announced her departure from the Microsoft-backed company on the social platform X (formerly Twitter), stating that she intends to "create time and space" for personal exploration.
New Delhi: The share of government health expenditure in India’s GDP has risen from 1.13% in 2014-15 to 1.84% in 2021-22, according to the National Health Account (NHA) estimates for 2020-21 and 2021-22, released on Wednesday.
Mumbai: The National Stock Exchange of India (NSE) has seen its valuation in the private markets double to $36 billion in just four months, driven by investor optimism about a potential initial public offering (IPO) as early as the first quarter of next year, Bloomberg reported.
New Delhi: Investment and production in mobile phone manufacturing under the Production Linked Incentive (PLI) scheme have significantly surpassed expectations, according to Electronics and IT Secretary S. Krishnan, media reports said.
New Delhi: The Supreme Court on Wednesday raised concerns over the National Company Law Appellate Tribunal’s (NCLAT) decision to close insolvency proceedings against ed-tech giant Byju’s following its approval of a Rs 158.9 crore settlement with the Board of Control for Cricket in India (BCCI), according to a media report.
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday called on the Asian Infrastructure Investment Bank (AIIB) to maintain a client-centric approach and assist member countries, particularly low-income nations, in accessing financial resources through technical assistance, media reports said.
Mumbai: Bharti Airtel announced on Wednesday a new AI-powered network solution designed to detect spam calls and messages for its customers.
New Delhi: The central government has extended the import management system for laptops and other IT hardware products by three months, now effective until December 31, 2024.
Chennai/IBNS: Foxconn is planning a $1 billion investment to establish a facility in Tamil Nadu for assembling smartphone display modules, according to a report by The Economic Times.
Mumbai/IBNS: India's leading automaker Tata Motors on Tuesday (Sept. 24) announced the launch of the Nexon iCNG, and additions to the Nexon.ev range with a new 45 kWh battery pack and the flagship Red Hot #DARK edition.
New Delhi/IBNS: The Asian Development Bank (ADB) has retained India's growth forecast at 7 percent for the current fiscal year (FY25), with expectations of an accelerated growth rate of 7.2 percent in FY26, according to a report released on Wednesday (Sept. 25).
Mumbai/IBNS: Hyundai Motor India, a wholly-owned subsidiary of the South Korean-headquartered Hyundai Motor Company, has reportedly received approval from the Indian regulatory body for securities and commodity market, the Securities and Exchange Board of India (SEBI), to proceed with its initial public offering (IPO), reports said.
New Delhi/IBNS: India is on track to be one of the fastest-growing economies in the medium term, according to a recent report by international brokerage firm Goldman Sachs.
Kolkata: Axis Bank’s NBFC arm Axis Finance Limited (AFL) has appointed Sai Giridhar as the Managing Director & CEO ‘designate’, subject to regulatory approvals, a press release said on Tuesday.
New Delhi: India's newest airline, Shankh Air, has received approval from the Civil Aviation Ministry, in a key step towards launching its operations, media reports said.
New Delhi: India is in talks with countries in Africa and South America to assist in developing digital payment systems based on its Unified Payments Interface (UPI), with plans for two systems to launch by early 2027, Reuters reported.
Mumbai: The Securities and Exchange Board of India (SEBI) has approved food delivery giant Swiggy's plan to launch an initial public offering (IPO), media reports said.
Mumbai/IBNS: India’s securities regulator, the Securities and Exchange Board of India (SEBI), is investigating six domestic investment banks over concerns about malpractice in the country’s booming IPO market for small businesses, Reuters reported, citing two sources familiar with the matter.
Mumbai/IBNS: Reliance Power’s board on Monday (Sept. 23) approved a plan to raise Rs 1,524.60 crore through a preferential issue of 462 million equity shares or warrants, convertible into an equivalent number of shares at Rs 33 per share or warrant, targeting promoters and other investors.
Riding on strong global cues, BSE Sensex remained on top for the third consecutive session on Monday, advancing 384.30 pts to close at a life time high figure of 84,928.61 pts.
New Delhi/IBNS: Google CEO Sundar Pichai has lauded Prime Minister Narendra Modi, who is on a three-day tour to the United States, for his "clear vision" about how Artificial Intelligence will benefit India.
New Delhi/IBNS: Shares of Bharat Heavy Electricals Limited (BHEL) rose 3 percent to Rs 274 in Monday’s (Sept. 23) trading on the BSE after the company bagged a Rs 6,100 crore order from the National Thermal Power Corporation (NTPC).
Mumbai/IBNS: Vodafone Idea's stock price jumped more than 8 percent in early trading on Monday (Sept. 23) following the announcement of a $3.6 billion deal with Nokia, Ericsson, and Samsung to supply network equipment over the next three years.
St. Louis, Missouri/IBNS: Sam Altman, CEO of OpenAI, is well-acquainted with taking risks, a trait that has shaped his career.
New Delhi/IBNS: HFCL Limited shares surged by 5 percent to reach Rs 171, marking a new 52-week high in morning trade on Monday (Sept. 23), following the announcement of a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI).
New Delhi/IBNS: A day after SpiceJet raised Rs 3,000 crore (about $360 million) through selling new shares, the airline's chairman and managing director (CMD) Ajay Singh said that the low-cost carrier aims to have 100 aircraft by the end of 2026, The Economic Times (ET) reported on Monday (Sept. 23).
