NEWS
Google pledges its support to the Indian government in advancing ethical AI development
24 Nov 2023
Google has reaffirmed its commitment to collaborating with the Indian government and industry stakeholders to promote the ethical development of artificial intelligence (AI).
Glencore announces plans for construction of a battery recycling plant outside Italy
24 Nov 2023
In a strategic move, Glencore, the Swiss mining group, revealed its decision to construct a pilot project for an electric vehicle (EV) battery recycling plant outside of Italy.
Barclays plans $1.25 billion in cost savings, considering layoffs for up to 2,000 jobs
24 Nov 2023
Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.
RBI Governor Das: Increased risk weight is a precautionary approach to ensuring sustainable lending
23 Nov 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das said that the recent instruction to increase risk weights for unsecured consumer loans by banks and non-banking financial companies (NBFC) is a cautious measure taken to ensure sustainable lending.
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Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion
23 Nov 2023
In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)
IndiGo's parent company, InterGlobe Aviation, set to contest tax claims exceeding Rs 1,666 crore
23 Nov 2023
IndiGo’s parent company, InterGlobe Aviation, stated on Wednesday, November 22, 2023, that they would challenge tax demands worth over Rs 1,666 crore.
OneWeb India gets IN-SPACe nod to launch satellite broadband service
23 Nov 2023
The authorisation allows Bharti Airtel, a promoter of Eutelsat OneWeb, to launch satellite-based broadband services once it is allotted the required spectrum by the Department of Telecommunications
Broadcom set to finalize $69 billion VMWare acquisition
22 Nov 2023
In a significant development in the technology industry, Broadcom announced on Wednesday, 22 November 2023, that it has successfully concluded its $69 billion acquisition of cloud computing firm VMWare, marking one of the largest takeover deals in the sector.
In another shocking twist, OpenAI announces the re-hiring of Sam Altman as CEO
22 Nov 2023
OpenAI, the company that created the revolutionary ChatGPT, took to social media platform X to announce that they have agreed in principle to rehire Sam Altman as the CEO of the company.
Blackstone to close their multi-strategy fund following a 90% drop in assets
22 Nov 2023
According to reports from Tuesday, 21 November 2023, Blackstone is planning to close a fund that exposes its investors to a variety of hedge funds and trading strategies.
ABB teams up with Titagarh Rail for metro projects in India
22 Nov 2023
ABB Ltd, a global leader in electrification and automation technology, has formed a strategic partnership with Titagarh Rail Systems Ltd for the supply of Metro Rail propulsion systems.
Google Gemini: Learn about the new innovation by Google
21 Nov 2023
Google's Gemini, celebrated by CEO Sundar Pichai as a groundbreaking innovation, has been creating ripples since its announcement.
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