Banking liquidity shortage widens to Rs 1.74 trillion
Nov 23, 2023, at 06:17 am
Mumbai: The liquidity deficit in India's banking system widened on Tuesday to its highest level in almost five years due to monthly goods and services tax payments.
Coca-Cola India forays into ready-to-drink tea beverage segment
Nov 23, 2023, at 05:27 am
Kolkata: Coca-Cola India announced its entry into the ready-to-drink tea market through the introduction of 'Honest Tea,' a brand owned by a subsidiary of the Coca-Cola Company 'Honest', media reported.
Taxman slaps GST demand of Rs 750 cr on Swiggy and Zomato
Nov 23, 2023, at 05:14 am
The Directorate General of GST Intelligence has sent Goods and Services Tax (GST) demand notices to the food aggregators Zomato and Swiggy, media reports said on Wednesday.
Adobe buys Bengaluru-based AI firm Rephrase.ai
Nov 23, 2023, at 03:24 am
Bengaluru: Adobe has bought Rephrase.ai, a Bengaluru-based company known for its artificial intelligence (AI)-based video creation platform. An internal communication at Adobe has verified this acquisition by the major US software company, reported ET.
National Stock Exchange and West govt sign MoU to facilitate fundraising for SMEs in the State
Nov 23, 2023, at 02:59 am
Kolkata: The National Stock Exchange (NSE) and the West Bengal government have signed a Memorandum of Understanding (MoU) to spread awareness amongst MSMEs of the state regarding fundraising via the IPO mechanism using NSE Emerge which is the SME platform of NSE.
Uber to run buses in Kolkata; partners with West Bengal govt
Nov 22, 2023, at 11:12 pm
Ridesharing app Uber and the Transport Department, Government of West Bengal, on Wednesday, signed a Memorandum of Understanding (MoU) to launch ‘Uber Shuttle’ - a bus service for daily commute - in Kolkata.
Nov 22, 2023, at 10:46 pm
The BSE Sensex on Wednesday gained further by 92.47 pts to close high at 66,023.24 as renewed buying was seen in Power, Consumer Durable, Auto and Health Care stocks.
Sam Altman back in Open AI as CEO after nearly weeklong uncertainty over his return
Nov 22, 2023, at 08:53 pm
Ending all speculations, Open AI on Wednesday said that Sam Altman, who was recently fired from the company, will return to the firm as its CEO.
Bharti Airtel urges customers to switch to e-SIM
Nov 22, 2023, at 08:35 am
New Delhi: Telecom major Bharti Airtel in a customer letter on Tuesday underscored the advancements in mobile technology with embedded SIMs (e-SIMs) and encouraged Airtel users to make the switch to an e-SIM.
India and Tesla inching closer to a 'Make In India' deal: Report
Nov 22, 2023, at 07:35 am
New Delhi: India is nearing a deal closure with Elon Musk’s Tesla Inc. to enable the American automaker to export its electric vehicles to the country starting next year and establish a manufacturing facility within two years, Bloomberg reported citing sources familiar with the developments.
Tata Technologies IPO: Anchor investors subscribe shares worth Rs 791 cr
Nov 22, 2023, at 07:31 am
Mumbai: Tata Technologies, a global engineering services firm, garnered Rs 791 crore from 67 investors through the anchor book on Tuesday, just a day ahead of the Tata Group's first IPO in nearly two decades. The funds were secured at the upper end of the Rs 475-500 price range, reported Moneycontrol.
Reliance Industries invested Rs 45,000 cr in Bengal; Rs 25,000 cr more in next 3 yrs: Mukesh Ambani
Nov 22, 2023, at 06:34 am
Kolkata: Reliance Industries Chairman Mukesh Ambani Tuesday announced that the oil-to-telecom conglomerate has committed an investment of around Rs 45,000 crore in West Bengal, Moneycontrol reported.
Nov 22, 2023, at 06:13 am
New Delhi: In the wake of disruptions in flight operations caused by a shortage of spare parts amid global supply chain difficulties, Indian aviation companies are increasingly seeking non-critical aircraft components from domestic suppliers, Mint reported citing industry sources.
Wipro joins hands with NVIDIA to integrate generative AI in healthcare
Nov 22, 2023, at 05:20 am
Bengaluru: Leading IT firm Wipro on Tuesday announced a partnership with chip-maker NVIDIA aimed at expediting the integration of generative artificial intelligence (AI) in healthcare enterprises.
Enforcement Directorate confirms issue of show cause notice against Byju's in FEMA violation case
Nov 22, 2023, at 04:49 am
New Delhi: The Enforcement Directorate (ED) Tuesday officially confirmed the issuance of a show cause notice to the edtech firm Think and Learn Private Limited, as well as to Byju Raveendran, in connection with a FEMA violation case.
OneWeb India gets space regulator IN-SPACe's approval for commercial satellite broadband services
Nov 22, 2023, at 03:13 am
Mumbai: OneWeb India, backed by the Bharti Group, Tuesday announced that it has obtained the mandatory approvals from the Indian Space Promotion and Authorisation Centre (IN-SPACe) to start the deployment of Eutelsat OneWeb's commercial satellite broadband services in India.
DSP Mutual Fund launches DSP Banking & Financial Services Fund
Nov 21, 2023, at 11:10 pm
DSP Mutual Fund announced the launch of DSP Banking & Financial Services Fund (DSP BFSF), an open-ended scheme that offers investors an opportunity to partake in the long term structural opportunity in the banking and financial services space.
US tech majors Apple, and Microsoft ranked most expensive brands worldwide in 2023
Nov 21, 2023, at 10:46 pm
US tech giants Apple and Microsoft remain the most expensive brands worldwide, with their brand value standing at $502.7 billion and $316.7 billion, respectively, the Interbrand Best Global Brands 2023 ranking showed on Tuesday.
Indian Market: Sensex moves up by 275.62 pts
Nov 21, 2023, at 10:36 pm
The BSE Sensex on Tuesday surged 275.62 pts to close high at 65,930.77 on the strength of Realty, Auto and Consumer Durable stocks.
Nov 21, 2023, at 03:16 pm
Five hundred Open AI employees have expressed their intention to join Microsoft if Sam Altman, the former CEO of OpenAI, and Greg Brockman, a co-founder of OpenAI, are not reinstated.
Sacked Open AI CEO Sam Altman to join Microsoft, Satya Nadella announces
Nov 21, 2023, at 03:10 am
Open AI's former CEO Sam Altman and former president Greg Brockman are joining Microsoft to lead a new team for advanced research in Artificial Intelligence, Satya Nadella announced Monday.
Nov 20, 2023, at 07:12 pm
Open AI has named former Twitch CEO and co-founder Emmett Shear as the company's interim CEO, media reports said.
Sensex marginally up by 14 points
Nov 20, 2023, at 05:43 pm
Mumbai/UNI: The BSE Sensex on Monday rose marginally by 14 points to 65,809.63 in the opening session as buying was seen in power, realty and technology stocks.
Sacked Open AI CEO Sam Altman posts picture from firm's HQ amid reports of return
Nov 20, 2023, at 03:16 pm
Former Open AI CEO Sam Altman recently posted a photo of himself at the headquarters of the firm amid reports that he is returning to the AI company, days after he was sacked.
Bank of Baroda plans to raise Rs 15,000 cr through bonds
Nov 20, 2023, at 03:18 am
Mumbai: Bank of Baroda’s board of directors has resolved to raise Rs 5,000 crore by issuing tier-II bonds and an additional Rs 10,000 crore through infrastructure bonds.
Finance Ministry asks public sector banks to examine and enhance cybersecurity
Nov 20, 2023, at 12:02 am
New Delhi: The Finance Ministry has asked state-owned banks to reassess their digital operations in light of the recent UCO Bank incident, media reports said.
OpenAI board under pressure from Microsoft, top investors to reinstate Sam Altman: Reports
Nov 19, 2023, at 09:31 pm
OpenAI is under pressure from its top investors to bring back Sam Altman as chief executive officer after sacking him on Friday, taking the world by surprise, international media reports said.
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.