Business
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Rupee recovers from all-time low level; rises 29 paise to 83.32/USD
Mumbai: The rupee recovered from its all-time low level and appreciated 29 paise to 83.32 against the US dollar in early trade on Tuesday. At the interbank foreign exchange, the domestic currency…
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S. Korea’s antitrust regulator to launch e-commerce market study
Seoul: South Korea’s antitrust regulator, on Monday, said that it will launch a study into the e-commerce sector to analyse the market structure and check competition issues as part of efforts to…
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India’s Voltech Group seeks to expand in nuclear sector
Sochi (Russia): The Rs 1,000 crore Voltech Group, which is majorly into testing, commissioning, and maintenance of electrical systems in power and other plants, is looking to expand into the nuclear field…
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SEBI directive to mutual funds on overseas stocks stirs debate on investment limit
New Delhi: Sebi’s directive to mutual fund schemes with investments in ETFs listed on foreign exchanges comes as the Mutual Fund industry reaches close to the investment limit of $1 billion set…
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Stability AI founder steps down to pursue ‘decentralised AI’
San Francisco: Stability AI Founder and CEO, Emad Mostaque, has resigned from his role to pursue ‘decentralised artificial intelligence (AI)’. Backed by investors like Lightspeed Venture Partners and Coatue Management, Stability AI…
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Elon Musk thought that OpenAI would fail: Sam Altman
San Francisco: OpenAI’s CEO Sam Altman has said that Tesla and SpaceX CEO Elon Musk thought that the ChatGPT-maker company would fail and “he chose to part ways”. In an interview with…
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Over $447 million in funding raised by 22 Indian startups last week
New Delhi: The Indian startups continued to raise funds at a normal pace, and last week, 22 startups secured over $447 million in the country. This included nine growth-stage deals and 11…
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Congress slams PM over fall of rupee against US dollar
New Delhi: The Congress on Sunday targeted Prime Minister Narendra Modi on the issue of falling value of the Indian rupee against the US dollar, and sought answers from him. Congress general…
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Maruti Suzuki acquires stake in homegrown AI startup Amlgo Labs
New Delhi: Maruti Suzuki India on Saturday announced it has invested in Amlgo Labs Private Limited, an Artificial Intelligence and Machine Learning (AI-ML)-led startup. With an investment of over Rs 1.99 crore,…
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UK regulator to launch in-depth probe into $19 bn Vodafone-Three UK merger
London: The Competition and Markets Authority (CMA) in the UK on Friday confirmed that it is launching an in-depth investigation into the proposed $19 billion merger between Vodafone and Three UK, saying…
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YouTube, Meta must act against online phishing scams: S. Korean celebrities
Seoul, March: A group of South Korean television celebrities and media personalities on Friday called on major social media platforms like YouTube and Meta, which operate Facebook and Instagram, to take action…
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Deepfakes, ransomware identified as imminent threats for 2024 in India: Report
New Delhi: Artificial Intelligence (AI)-generated deepfakes, multi-factor authentication (MFA) fatigue attacks, and complex ransomware incidents are identified as imminent threats for 2024 in India that require urgent attention, a new report said…
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DoT workshop at IIT Gandhinagar focuses on 5G use cases across sectors
New Delhi: In a bid to create awareness about 5G technology use cases across industries, the National Telecommunications Institute for Policy Research, Innovation, and Training (NTIPRIT), under the Department of Telecommunications (DoT),…
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India’s forex kitty rises by USD 6.40 bn to USD 642.50 bn
Mumbai: India’s forex reserves increased by USD 6.396 billion to USD 642.492 billion for the week ended March 15, the Reserve Bank said on Friday. In the previous reporting week, the overall…
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Byju’s says 262 tuition centres operational, a few to undergo ‘strategic restructuring’
New Delhi: Embattled edtech company Byju’s on Friday said that its tuition centres have entered the third successful year with 262 offline locations currently operational across the country. Denying reports that 200…
