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Musk names Microsoft as defendant in amended lawsuit against OpenAI

Nov 15, 2024

San Francisco, Nov 15 (IANS) The US government efficiency czar Elon Musk, in his lawsuit against Sam Altman-run OpenAI for abandoning its non-profit stance, has now named new defendants including Microsoft, LinkedIn co-founder Reid Hoffman, and former OpenAI board member and senior Microsoft executive, Dee Templeton.The amended complaint, filed in…

India’s GDP to grow 6.5-7 pc through FY27 over infra, consumption push: Report

Nov 15, 2024

New Delhi, Nov 15 (IANS) India’s GDP will expand 6.5-7 per cent annually in the next three fiscal years (2025-2027), and the country’s good economic growth prospects will continue to support banks' asset quality, according to a new…

Business

realme GT 7 Pro’s RealWorld Eco² Display sets new standards in smartphone industry

Nov 15, 2024

New Delhi, Nov 15 (IANS) In India's dynamic smartphone landscape, while processing power and camera capabilities often steal the spotlight, it's the display that truly bridges the gap between technology and user experience. As our devices…

Business

South Korean trade minister discusses supply chain at APEC CEO summit

Nov 15, 2024

Seoul, Nov 15 (IANS) Trade Minister Cheong In-kyo attended an economic event for business executives at the Asia-Pacific Economic Cooperation (APEC) summit in Peru, where he exchanged views on the global supply chain with other…

Business

Hyundai Motor promotes global COO Munoz as CEO in major reshuffle

Nov 15, 2024

Seoul, Nov 15 (IANS) Hyundai Motor on Friday promoted Jose Munoz, the company's global chief operating officer (COO), as its new CEO, appointing a foreign national to the top post for the first time since its foundation more than five…

Business

Boeing starts issuing letters to layoff 17,000 workers

Nov 15, 2024

Washington, Nov 14 (IANS) US aerospace giant Boeing has announced that it is issuing layoff notices, starting this week, to workers as part of the debt-ridden planemaker’s drastic plan to cut 17,000 jobs which works out to 10 per cent of…

Business

Venture debt funding propels Indian fintech, EV startups: Report

Nov 14, 2024

New Delhi, Nov 14 (IANS) The venture debt market in India is steadily growing, mirroring the early days of venture capital, particularly in the emerging startup sectors such as fintech and electric vehicles (EVs), a report showed on…

Business

India poised to surpass Japan in GDP ranking by 2025

Nov 14, 2024

New Delhi, Nov 14 (IANS) India's gross domestic product could soon become larger than Japan's, making it the world’s fourth-largest economy, according to a Japanese media report on Thursday.The article, published in Japan Times, is based on…

Business

Black Box to leverage India’s digital & AI boom to drive high-growth tech opportunities

Nov 14, 2024

New Delhi, Nov 14 (IANS) Black Box Ltd, Essar’s technology arm, has unveiled an ambitious growth strategy focused on India, aiming to position itself as a strategic partner for global technology companies expanding into the region.During…

Business

India’s IT-flexi staffing industry to see steady 7 pc annual growth till FY26

Nov 14, 2024

New Delhi, Nov 14 (IANS) The $4.9 billion India’s IT-flexi staffing industry is poised for a steady 7 per cent annual growth through FY 2024-FY 2026, according to a report on Thursday.The Indian IT-flexi staffing market currently has a…

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