Business
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Zomato, Swiggy slapped with Rs 500 crore GST notice each: Report
New Delhi: Online food delivery platforms Zomato and Swiggy have received GST notices worth Rs 500 crore each on delivery charges, media reports said on Wednesday. Both online food delivery platforms charge…
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Global smartphone market back to YoY growth in Oct, breaks 27 months streak
New Delhi: The global monthly smartphone sell-through volumes grew 5 per cent (year-on-year), making October the first month to record year-on-year growth since June 2021 and breaking the streak of 27 consecutive…
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AMD extends PyTorch Support to Radeon RX 7900 XT GPUs for AI developers
New Delhi: Chip-maker AMD on Wednesday extended PyTorch (a machine learning framework) and ROCm (open software platform) support to Radeon RX 7900 XT GPUs to bring even more options for artificial intelligence…
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Epack Prefab commissions facility in Andhra Pradesh at investment of Rs 200 cr
New Delhi: Epack Prefab, a manufacturer of pre-engineered structures, on Wednesday announced commissioning of its new facility in Andhra Pradesh set up with an investment of around Rs 200 crore. Spread over…
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Small cap stocks come under selling pressure
New Delhi: Selling is being witnessed in small cap stocks with the indices falling more than the benchmark indices on Wednesday. BSE Small Cap Select Index is down 1 per cent in…
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Karnataka govt signs MoU with TKM for Rs 3,300cr investment
Bengaluru: The Karnataka government on Tuesday signed a memorandum of understanding (MoU) with automobile major Toyota Kirloskar Motor (TKM), an Indian subsidiary of Japan’s Toyota Motor Corporation for further expansion of its…
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Microsoft offers OpenAI employees to match their compensation
San Francisco: Microsoft on Tuesday said it will match OpenAI’s compensation to employees who want to join Sam Altman’s new advanced AI research lab at Satya Nadella-run tech giant. Microsoft Chief Technology…
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ED’s FEMA probe against BYJU’s in final stages
New Delhi: An Enforcement Directorate (ED) investigation into alleged foreign exchange law violations by edtech major BYJU’s and its CEO and co-founder Raveendran Bjyu is in the final stages of completion following which…
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Rupee fails to recover despite fall in US dollar
Mumbai: The rupee failed to recover in morning trade on Tuesday despite a weak dollar and was hovering at the previous day’s record low of 83.34 against the US greenback at 11.28…
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BSE 500 companies revenues flat but profits zoom
New Delhi: The 2QFY24 results of BSE-500 Index companies showed further weakness in revenues (0.7 per cent yoy decline ex-BFSI), even as earnings growth remained robust (47 per cent yoy), Kotak Institutional…
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Markets rebound in early trade after two days of fall
Mumbai: Equity benchmark indices rebounded in early trade on Tuesday after two days of decline, mirroring a bullish trend in global markets along with buying in Reliance Industries and HDFC Bank. The…
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Delhi HC summons SpiceJet MD Ajay Singh again
New Delhi: Low-cost airline SpiceJet on Monday told the Delhi High Court about potential insolvency risks if compelled to pay an additional Rs 100 crore to former promoter Kalanithi Maran. The airline…
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Over 500 of about 770 OpenAI employees threaten to quit, join Microsoft
San Francisco: After Microsoft hired former OpenAI CEO Sam Altman to run its advanced AI research vertical called ‘Sam’, more than 500 employees at ChatGPT develop on Monday reportedly threatened to resign…
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ChatGPT witnesses record visits of 14.6bn over the past year: Report
New Delhi: OpenAI’s artificial intelligence (AI) chatbot ChatGPT has witnessed a record total traffic of 14.6 billion over the past year, a new report said on Monday. Averaging at 1.5 billion visits…
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I&B ministry enhances sop for foreign film production in India, eyes medium, big projects
Panaji: Union Minister for Information and Broadcasting Anurag Thakur on Monday announced enhancing incentive for production of foreign movies in the country, hiking the limit for reimbursement of expenses incurred in the…
