UK set to bring biggest ever delegation to Bengal Global Business Summit 2023
Nov 19, 2023, at 06:31 am
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.
Nov 19, 2023, at 04:48 am
Shimla: An Iceland-based company, Geotropy Iceland, will set up a Controlled Atmosphere (CA) Store at Tapri in Himachal Pradesh’s Kinnaur district.
Who is Mira Murati, 34-yr-old engineer, OpenAI's new chief
Nov 19, 2023, at 02:52 am
San Francisco: Mira Murati, 34, assumed the role of Chief Technology Officer of OpenAI, the maker of ChatGPT, in May 2022.
Nov 18, 2023, at 11:36 pm
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.
Open AI sacks CEO Sam Altman, co-founder Greg Brockman quits hours later
Nov 18, 2023, at 08:07 pm
In a shocking decision, artificial intelligence firm Open AI, which created ChatGPT, on Friday sacked CEO Sam Altman, prompting the co-founder Greg Brockman to quit soon after, media reports said.
Vast opportunity in India's eldercare sector, say Investors
Nov 18, 2023, at 06:13 pm
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.
Nov 18, 2023, at 04:27 pm
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.
Open AI: President Greg Brockman quits after CEO Sam Altman's ouster
Nov 18, 2023, at 03:19 pm
OpenAI co-founder and President Greg Brockman on Saturday announced his decision to quit the ChatGPT-creating firm hours after Chief Executive Officer Sam Altman was removed from the company.
Open AI removes CEO Sam Altman after board loses 'confidence' in him
Nov 18, 2023, at 03:01 pm
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.
Lenders disappointed with Jindal's Rs 301 cr bid for debt-laden Future Enterprises
Nov 18, 2023, at 08:20 am
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.
AGI Japan announces strategic investment of Rs 200 cr in Standard Glass Lining Technology
Nov 18, 2023, at 07:58 am
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.
E-commerce exports may touch $200 billion in 6-7 years: DGFT
Nov 18, 2023, at 07:47 am
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
UPI IDs not used for one year to be disabled soon
Nov 18, 2023, at 06:24 am
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.
RBI clears resolution plan for Reliance Capital
Nov 18, 2023, at 06:04 am
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.
India's forex reserves shrink by $462 million in the week ending Nov 10
Nov 18, 2023, at 05:23 am
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.
BharatPe co-founder stopped from leaving India at Delhi Airport
Nov 18, 2023, at 04:02 am
New Delhi: Ashneer Grover, co-founder of BharatPe, and his wife Madhuri Jain were detained at the Indira Gandhi International Airport on Thursday on the basis of a lookout circular (LoC) issued against them, ET reported.
Amazon targets $20 billion merchandise export from India by 2025
Nov 18, 2023, at 03:09 am
Amazon aims to achieve $20 billion in merchandise exports from India by 2025, Reuters reported, citing a company official.
JSW Infrastructure gets Letter of Award to develop Karnataka’s Keni Port for Rs 4,119 cr
Nov 17, 2023, at 05:36 am
Mumbai/ Bangalore: JSW Infrastructure, India’s second-largest commercial port company and part of the US$ 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.
Tata Technologies IPO to open on Nov 22; price band fixed at Rs 475-Rs 500 per equity share
Nov 17, 2023, at 05:07 am
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.
Nov 17, 2023, at 03:18 am
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.
India inks deals to export 500,000 metric tons of Basmati rice: Report
Nov 16, 2023, at 06:35 am
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.
Mines Ministry to support start-ups, MSMEs for research in mineral processing
Nov 16, 2023, at 05:43 am
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 Port achieves record 50 MMT cargo handling volume in 2023-24
Nov 16, 2023, at 05:38 am
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.
India's Oct merchandise trade deficit widens to record level as gold imports jump by 95% YoY
Nov 16, 2023, at 05:17 am
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.
ONGC planning to invest Rs 1 lakh cr to set up two petrochemical plants
Nov 16, 2023, at 04:21 am
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.
Vedanta Group sets up new unit in Saudi Arabia for copper business
Nov 16, 2023, at 03:07 am
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.
RBI directs Bajaj Finance to stop lending under two lending products
Nov 16, 2023, at 02:43 am
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.
Nov 16, 2023, at 12:49 am
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.
Indian Market closing bell: Sensex jumps up 742.06 pts
Nov 15, 2023, at 10:53 pm
The BSE Sensex on Wednesday registered huge gains of 742.06 pts to close high at 65,675.93 on strong global cues.
Indian Market: Sensex moves up over 500 points
Nov 15, 2023, at 04:01 pm
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.