Business News
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20 Nov 2023
Stock MarketSensex sheds 139 points, Nifty settles near 19,700 mark
On Monday, major indices of the stock market ended on a negative note.
20 Nov 2023
Sam AltmanDozens of staffers quit OpenAI as Sam Altman joins Microsoft
A wave of resignations swept through OpenAI on Sunday night, as numerous employees decided to leave the company after it confirmed that former CEO Sam Altman would not be reinstated, according to The Information.
20 Nov 2023
BYJU'SBYJU'S delays final settlements of laid-off employees yet again
BYJU'S, the ed-tech giant based in Bengaluru, has once again failed to meet the deadline for providing full and final settlements to employees who were laid off, as per Moneycontrol.
20 Nov 2023
MicrosoftMicrosoft hires former OpenAI CEO Sam Altman, co-founder Greg Brockman
Microsoft has hired former OpenAI CEO Sam Altman and co-founder Greg Brockman, to head a new cutting-edge AI research team.
20 Nov 2023
Sam AltmanWho is Emmett Shear, the new CEO of OpenAI
Sam Altman didn't make a comeback as OpenAI's CEO, even after the executives tried to bring him back. Mira Murati was filling in as interim CEO after Altman left, but now she's out too.
20 Nov 2023
General MotorsCruise CEO Kyle Vogt resigns amid US safety review
Kyle Vogt, General Motors's (GM) autonomous taxi division Cruise's CEO, has stepped down amid recent upheaval and a safety evaluation of its US fleet.
20 Nov 2023
Sam AltmanNegotiations with Altman fail, Emmett Shear is new OpenAI CEO
Ilya Sutskever, co-founder and board director of OpenAI, has announced that Twitch co-founder Emmett Shear will step in as the interim CEO of the AI research firm, according to The Information.
20 Nov 2023
Stock MarketJapanese stocks hit their highest point in 33 years
Stocks in Japan hit their highest levels since 1990 on Monday, driven by strong earnings and international demand, while China's central bank pushed the yuan higher.
20 Nov 2023
CryptocurrencyToday's cryptocurrency prices: Check Bitcoin, Ethereum, Dogecoin, Tether rates
Bitcoin has risen 1.84% over the last 24 hours to trade at $37,229.59. It is up 0.78% from last week.
20 Nov 2023
Sam AltmanSam Altman's return as OpenAI CEO nears final decision
Ousted OpenAI CEO Sam Altman and former President Greg Brockman were invited to the AI company's San Francisco office by interim CEO Mira Murati, per The Information.
19 Nov 2023
Artificial Intelligence and Machine LearningGermany, France, Italy finalize agreement on AI regulations: Report
France, Germany, and Italy have reached a consensus on artificial intelligence (AI) regulations, revealed a joint paper obtained by Reuters.
19 Nov 2023
MetaMeta dissolves Responsible AI team; members to support cross-team efforts
Meta has reportedly disbanded its Responsible AI (RAI) team, which was focused on ensuring the safety of its artificial intelligence (AI) projects.
19 Nov 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, BNB, Solana, Dogecoin
Bitcoin has climbed 0.57% in the past 24 hours and is currently trading at $36,563.73. It is 1.14% lower than last week.
18 Nov 2023
OpenAIThese OpenAI board members were responsible for dismissing Sam Altman
OpenAI has announced its co-founder and CEO Sam Altman has been ousted after a review discovered he was "not consistently candid in his communications" with the board of directors.
18 Nov 2023
WhatsAppWhatsApp, Mercedes-AMG PETRONAS F1 team announce multi-year partnership
WhatsApp, the popular private messaging platform, has embarked on a multi-year collaboration with the Mercedes-AMG PETRONAS F1 team.
18 Nov 2023
AmazonWhy Amazon is eliminating hundreds of positions within Alexa division
Amazon is cutting hundreds of jobs in the Alexa voice assistant division, as revealed by an email from Daniel Rausch, the vice president of Alexa and Fire TV, reported Reuters.
18 Nov 2023
XApple, Disney, IBM halt X ads after Musk's antisemitic tweet
Several major tech companies, including Apple, IBM, and others, have decided to halt advertising on X after Elon Musk endorsed an antisemitic post.
18 Nov 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Dogecoin, Shiba Inu
Bitcoin has dropped by 0.06% in the past 24 hours to trade at $36,337.71. It is 2.06% lower than the week before.
18 Nov 2023
OpenAIWhy OpenAI fired CEO Sam Altman: What we know
In an extremely sudden turn of events, OpenAI has announced the termination of CEO Sam Altman after a board review determined his lack of consistent honesty in communications.
17 Nov 2023
AmazonAmazon is targeting $20bn in exports from India by 2025
Amazon is working toward a goal of $20 billion (Rs. 1.66 lakh crore) in merchandise exports from India by 2025, as stated by Bhupen Wakankar, Director of Global Trade division at Amazon.
17 Nov 2023
Reserve Bank Of India (RBI)RBI's crackdown on unsecured personal loans: How it affects you
Banks have been aggressively pushing tiny unsecured personal loans, below Rs. 10,000. However, this has raised concerns about potential risks.
17 Nov 2023
GoogleGoogle antitrust trial concludes: Key takeaways and what lies ahead
The US government has concluded the evidentiary phase of its court case against Google in which it accused the online search leader of breaking antitrust law to stay on top.
17 Nov 2023
BharatPeAshneer Grover reveals 'facts' after being stopped from traveling abroad
On Thursday late night, the Delhi Police's Economic Offences Wing (EOW) stopped BharatPe co-founder Ashneer Grover and his wife Madhuri Jain at Terminal 3 of the Indira Gandhi International Airport.
17 Nov 2023
Stock MarketSensex drops over 180 points, Nifty holds 19,730 mark
The stock market closed on a flat note but remained in red on Friday. The benchmark Sensex dropped 0.28% to settle at 65,794.73 points and Nifty ended flat at 19,731.8 points.
17 Nov 2023
AppleWhy Apple's supplier shifted $330mn investment from India to Vietnam
Apple's key Chinese supplier, Luxshare, has reportedly opted to invest in Vietnam over India due to ongoing political tensions between China and India.
17 Nov 2023
Alibaba GroupAlibaba scraps cloud unit spin-off, market value declines by $20bn
Alibaba Group's Hong Kong stock took a 10% dive after the company halted plans to separate its cloud division due to uncertainties stemming from US restrictions on exports to China of semiconductors for use in artificial intelligence (AI) applications.
17 Nov 2023
Directorate of Revenue Intelligence (DRI)Government seeks to restart probe into Adani's coal imports case
The Directorate of Revenue Intelligence (DRI) has asked the Supreme Court to restart an investigation into the Adani Group for alleged overvaluation of coal imports.
17 Nov 2023
IndiaCrude oil prices drop nearly 5% to 4-month low
Crude oil prices plummeted nearly 5%, hitting a four-month low on November 16. This price drop comes amid an increase in US crude oil inventories, a rebound in US treasury yields, and global oil demand concerns.
17 Nov 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, BNB, Tether
Bitcoin has lost 2.66% in the last 24 hours, trading at $36,493.07. It is down 0.57% from last week.
16 Nov 2023
Reserve Bank Of India (RBI)Currency in circulation growth falls to 4.3% from 7.7%: RBI
The Reserve Bank of India (RBI) has observed a decrease in the growth of currency in circulation (CIC), falling to 4.3% from 7.7% last year, due to the removal of Rs. 2,000 denomination banknotes.
16 Nov 2023
Artificial Intelligence and Machine LearningJust 26% Indian firms are prepared to adopt AI: Report
A mere 26% of Indian businesses are fully equipped to adopt and utilize artificial intelligence (AI) technology, as revealed by Cisco's inaugural AI Readiness Index.
16 Nov 2023
Reserve Bank Of India (RBI)RBI's outright OMO sales touch Rs. 8,385 crore in September
In September, the Reserve Bank of India (RBI) executed open market operation (OMO) sales of government securities totaling Rs. 8,385 crore.
16 Nov 2023
S JaishankarIndia's oil trade with Russia helped soften global economy: Jaishankar
India's choice to maintain trade with Russia has helped stabilize oil and gas markets, ultimately controlling global inflation, said External Affairs Minister S Jaishankar.
16 Nov 2023
Isha AmbaniRBI approves Isha Ambani, others as directors of Jio Financial
The Reserve Bank of India (RBI) on November 16 approved Isha Ambani, Anshuman Thakur, and Hitesh Kumar Sethia to join the board of directors at Jio Financial Services Ltd.
16 Nov 2023
YouTubeYouTube will allow creators mimic music artists using AI
YouTube is rolling out an innovative feature called Dream Track, which lets select Shorts creators in the US craft original music clips using AI-generated vocals from well-known artists.
16 Nov 2023
Stock MarketSensex climbs over 300 points, Nifty settles above 19,760 mark
On Thursday, the benchmark Sensex and Nifty indices saw gains. While the Sensex rose 0.47% to 65,982.48 points, the Nifty jumped 0.46% to 19,765.2 points.
16 Nov 2023
Ministry of FinanceFinance Ministry to present concise economic report before Interim Budget
The Indian Finance Ministry is planning to release a concise report outlining the nation's economic status prior to the Interim Budget on February 1, Moneycontrol has reported.
16 Nov 2023
Unified Payments Interface (UPI)Seychelles may soon adopt India's UPI payments technology
India has extended an offer of technological cooperation to Seychelles on Unified Payments Interface (UPI), as per Mint which cited insiders familiar with the situation.
16 Nov 2023
WeWorkWeWork India expands with 4,000 desks in Bengaluru and Hyderabad
WeWork India has revealed its intention to expand its presence in Bengaluru and Hyderabad by adding 4,000 desks across 2.72 lakh square feet.
16 Nov 2023
Securities and Exchange Board of IndiaSahara case continues despite Subrata Roy's demise, says SEBI chief
SEBI Chairperson Madhabi Puri Buch has announced, that the Sahara case would persist for the capital markets regulator, even after the demise of the group's founder Subrata Roy.
