Business
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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…
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UK-India Business Council for early conclusion of FTA negotiations
Kolkata: UK-India Business Council (UKIBC), a trade body with a mission to grow trade and investments between the two countries, on Monday said the negotiations on the Free Trade Agreement (FTA) should…
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Saudi Arabia announces discovery of two natural gas fields
Riyadh: The Kingdom of Saudi Arabia’s oil giant Aramco has announced the discovery of two new natural gas fields in the Empty Quarter, the Saudi Press Agency (SPA) reported. In a statement, Minister…
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Markets decline in early trade amid foreign fund outflows
Mumbai: Equity benchmark indices fell in early trade on Monday, extending their previous day’s decline, amid fresh foreign fund outflows. The 30-share BSE Sensex declined 97.18 points to 65,697.55 after a muted…
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Talks between Sam Altman, OpenAI in final stage for his return as CEO
San Francisco: The suspense over Sam Altman’s return as the CEO of OpenAI continued on Monday as OpenAI leaders and investors sought to reinstate Altman at the company which unceremoniously sacked him…
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Market expected to maintain positive momentum
New Delhi: Market is expected to maintain its positive momentum in the short term, supported by declining oil prices and moderating US yields, says Vinod Nair, Head of Research at Geojit Financial…
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Amazon lays off employees in India amid global churning in Alexa division
New Delhi: Amazon has announced to lay off “several hundred employees” from its Alexa division, including in India, amid a renewed focus on artificial intelligence (AI). The number of employees being impacted…
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What led to AI poster boy Sam Altman’s unceremonious exit from OpenAI?
New Delhi: The unexpected and unceremonious ouster of Sam Altman from OpenAI, the maker of ChatGPT, has left many unanswered questions as to why the company, which is undoubtedly leading the massive…
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Using advanced AI to spot & remove fake customer reviews: Amazon
New Delhi: Amazon has said it is using advanced artificial intelligence (AI) to to spot inauthentic product reviews on the platform, ahead of Black Friday amid the ongoing holiday shopping season. The…
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OpenAI board will go after my shares if I go off: Sacked CEO Sam Altman
San Francisco: Sacked OpenAI CEO Sam Altman on Saturday started spilling the beans, saying if he starts to reveal the secrets, the board of the ChatGPT company will go after him for…
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Just 7 women-led startups in India receive funding this year
New Delhi: Funding in women-led startups in India decreased from 183 startups in 2014 to a mere 7 this year to date, according to a new report. The funding landscape for women-led…
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Apple, other major firms pull ads from X, Here’s why
San Francisco: After tech major IBM, iPhone maker Apple has also reportedly pulled advertising from X as its owner Elon Musk continues to endorse far-right viewpoints and agrees with posts that promote…
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IndiGo soars high with over 2K daily flights, achieves new milestone in Indian aviation
New Delhi: IndiGo has achieved a historic landmark by surpassing the milestone of over 2,000 planned flights a day, making it the first airline in the country and marks a significant leap…
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Hyundai Group chief resigns as chair of board at elevator unit
Seoul: Hyundai Group Chairwoman Hyun Jeong-eun will step down as chair of the board of directors at the group’s elevator unit next month to help improve its governance structure, the company said…
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Amazon laying off hundreds in Alexa division, India team impacted
San Francisco: Amazon is laying off “several hundred employees” from its Alexa devision, including in India, amid a renewed focus on artificial intelligence (AI), the media reported on Friday. In a memo…
