Business and financial news
New Delhi/Kolkata: British High Commissioner to India Alex Ellis will visit Kolkata along with the biggest-ever UK delegation to the Bengal Global Business Summit (BGBS) 2023, a press release said.
Shimla: An Iceland-based company, Geotropy Iceland, will set up a Controlled Atmosphere (CA) Store at Tapri in Himachal Pradesh’s Kinnaur district.
San Francisco: Mira Murati, 34, assumed the role of Chief Technology Officer in May 2022, marking a significant promotion.
US billionaire entrepreneur Elon Musk said on Saturday that his social network X, formerly known as Twitter, would file a "thermonuclear" lawsuit against all organisations that had suspended advertising on the platform amid a backlash over the businessman's comments on social media.
In a shocking decision, Open AI, which is the firm created by ChatGPT, on Friday sacked CEO Sam Altman prompting the co-founder Greg Brockman to quit soon after, media reports said.
New Delhi/UNI: Top industry officials on Friday termed the eldercare sector, which is undergoing a profound transformation, as a big emerging market with India ready to play a pivotal role by providing a vast space of opportunities to investors.
IT major Microsoft Corp, which is one of the biggest backers of Open AI, on Saturday (November 18, 2023) confirmed it will remain committed to the partnership with the firm that created ChatGPT even after it underwent several changes including the removal of its CEO Sam Altman.
OpenAI co-founder and President Greg Brockman on Saturday his decision to quit the ChatGPT-creating firm hours after Chief Executive Officer Sam Altman was removed from the company.
Open AI, the firm that created ChatGPT, on Friday announced its CEO Sam Altman was removed as it has lost confidence in his ability to lead the tech company.
Kolkata: Jindal (India) has bid Rs 301 crore for Future Enterprises, which is less than 3% of the total Rs 12,265-crore loan exposure, rendering it almost inconsequential to lenders, ET reported.
Hyderabad: Asahi Glassplant Inc. (AGI Japan) on Thursday announced a strategic investment of up to Rs 200 crores in Standard Glass Lining Technology Limited and its affiliated companies, marking the initiation of a long-term business partnership.
New Delhi: The Indian e-commerce export sector has the potential to touch $200 billion in next six to seven years, a top government official said on Friday
New Delhi: The National Payments Corporation of India (NPCI), which oversees the Unified Payments Interface (UPI), has directed banks and payment applications like Google Pay, Paytm, PhonePe, etc., to disable UPI IDs and numbers associated with customers who have not conducted any transactions for a period of one year or longer.
Mumbai: The Reserve Bank of India on Friday granted approval to the restructuring proposal for financially troubled Reliance Capital, paving the way for the acquisition of the company by IndusInd International Holdings Ltd (IIHL), a firm within the Hinduja Group.
Mumbai: India's foreign exchange reserves declined by $462 million to reach $590.321 billion for the week ending November 10, the Reserve Bank of India said on Friday.
New Delhi: Ashneer Grover, co-founder of BharatPe, and his wife Madhuri Jain were detained at the Indira Gandhi International Airport on Thursday based on a lookout circular (LoC) issued against them, ET reported.
Amazon aims to achieve $20 billion in merchandise exports from India by 2025, Reuters reported, citing a company official.
Mumbai/ Bangalore: JSW Infrastructure, India’s second-largest commercial port company and part of the US$ 23 billion JSW Group, has won the bid for the development of an all-weather, deep-water, greenfield port at Keni in Karnataka on Public Private Partnership (PPP) basis.
Mumbai: The long-awaited initial public offering (IPO) of Tata Motors subsidiary Tata Technologies will open on November 22 and will be available for subscription till November 24.
San Francisco: Union Minister Piyush Goyal interacted with Silicon Valley entrepreneurs and venture capitalists (VCs) of Indian origin on the third day of his US visit.
New Delhi: India has entered into agreements to export about 500,000 metric tons of newly harvested basmati rice, making the most of the strong demand from key markets in Europe and the Middle East, Reuters reported citing rice traders.
New Delhi: The Mines Ministry would invite proposals from start-ups, MSMEs and individual innovators to promote research and innovation in mining and mineral processing, according to a statement on Wednesday.
Visakhapatnam: Visakhapatnam Port Authority (VPA) on Wednesday said it has set a record by handling 50 Million Metric Tonnes (MMT) of cargo handling in just 228 days in FY24.
New Delhi: India's merchandise trade deficit widened to an all-time high level in October, bolstered by a 95 percent jump in gold imports, the commerce ministry said on Wednesday.
Mumbai: India’s leading oil and gas producer and explorer ONGC is planning to invest approximately Rs 1 lakh crore in setting up two petrochemical plants aimed at directly converting crude oil into high-value chemical products, Moneycontrol reported.
Mining multinational Vedanta group has expanded its business with Malco Energy Ltd, its subsidiary, setting up a new establishment in Saudi Arabia for copper business for SAR (Saudi riyal) 1,00,000, media reports said.
Mumbai: The Reserve Bank of India (RBI) on Wednesday directed Bajaj Finance to stop issuing loans under its two products eCOM and Insta EMI Card.
India is planning to invite bids for an 80 billion-rupee($960 million) incentive programme to manufacture electric vehicle batteries in the nation, media reports said.
The BSE Sensex on Wednesday registered huge gains of 742.06 pts to close high at 65,675.93 on strong global cues.
The BSE Sensex on Wednesday bounced back 598 points at 65,532.45 in the opening session as buying was seen across the board amid a positive Asian market.
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