OpenAI partners Reddit to train its AI on users’ posts
New Delhi, May 17 - ChatGPT maker OpenAI has inked a deal with Reddit to train its artificial intelligence (AI) models on users’ posts on the popular community discussion platform.
India makes strong pitch for playing pivotal role in global hydrogen economy
Rotterdam, May 16 - India has the capability to become a leading exporter of green hydrogen and is poised to play a pivotal role in the global hydrogen economy, Secretary, Ministry of New & Renewable Energy, Bhupinder Singh Bhalla said at the World
HAL posts 52 pc jump in Q4 net profit at Rs 4,308 crore
New Delhi, May 16 - Government-owned defence major Hindustan Aeronautics Ltd (HAL) on Thursday reported a 52 per cent jump in net profit to Rs 4,308 crore for the January-March quarter of 2023-24.
After CEO, Ola Cabs CFO Karthik Gupta steps down within 7 months
New Delhi, May 16 - Ride-hailing platform Ola Cabs has witnessed another top-level exit as the Chief Financial Officer (CFO) of ANI Technologies (the parent firm) Karthik Gupta has stepped down seven months after taking charge.
India’s steel, aluminium exports to US likely to rise as China faces tariff wall
New Delhi, May 16 - With US President Joe Biden announcing a steep hike in tariffs on $18 billion worth of Chinese goods, an opportunity has opened up for India to increase its exports of items such as steel and aluminium as well
UN raises India’s 2024 growth rate to 6.9 pc; remains world’s fastest-growing large economy
United Nations, May 17 - Indian economy's growth rate projection for this year has been raised by 0.7 per cent to 6.9 per cent from the forecast made in January by the UN and it retains its position as the world's fastest-growing large
India PC market grew 2.6 pc in Q1 with over 3 mn units shipped: Report
New Delhi, May 16 - India's traditional PC market (inclusive of desktops, notebooks, and workstations) shipped 3.07 million units in the first quarter (Q1) of 2024, up 2.6 per cent year-over-year, a report said on Thursday.
GAIL net profit jumps 67 per cent in 2023-24
New Delhi, May 16 - Public sector natural gas giant GAIL on Thursday reported a 67 per cent increase in net profit at Rs 8,836 crore for the financial year 2023-24 compared to the corresponding figure of Rs 5,302 crore in 2022-23.
Sensex surges 676 points on expectations of rate cuts
Mumbai, May 16 - Indian equity benchmarks surged on Thursday following expectations of rate cuts.
Australian unemployment rate rises to 4.1 pct
Canberra, May 16 - Australia's unemployment rate rose for a second straight month to 4.1 per cent in April.
PhonePe wins trademark infringement dispute
New Delhi, May 16 - PhonePe has filed a suit for infringement of its trademarks i.e. "PhonePe" against M/s Aniket Foods before the Calcutta High Court for illegal use of PhonePe trademarks.
Industry mourns the loss of Vineet Nayyar, one of the finest IT leaders
New Delhi, May 16 - Industry leaders on Thursday mourned the demise of Vineet Nayyar, former Tech Mahindra vice chair, who passed away at 85.
Mahindra & Mahindra to invest Rs 12,000 crore in its EV unit
New Delhi, May 16 - Automaker Mahindra & Mahindra, on Thursday, announced to invest Rs 12,000 crore in its electric vehicle (EV) unit over a period of three years.
Telcos fast adopting green networks to help India achieve sustainability goals: Industry
New Delhi, May 16 - The Indian telecom operators are increasingly adopting green telecom networks, which focus on energy-efficient operations, carbon emission reductions and the use of renewable energy sources, industry experts said on Thursday, ahead of the World Telecommunication and Information Society
Chinese marketplace Temu under scanner for breaching EU’s Digital Services Act
London, May 16 - The European consumer organisation on Thursday filed a complaint against Chinese online marketplace Temu for failing to protect consumers by breaching the EU’s Digital Services Act (DSA).
Tech Mahindra, IBM join hands to help firms accelerate adoption of GenAI
New Delhi, May 16 - Tech Mahindra on Thursday announced that they are collaborating with IBM to help businesses globally responsibly accelerate the adoption of generative artificial intelligence (GenAI).
India ‘sees’ its third unicorn of 2024 in logistics services platform Porter
New Delhi, May 16 - Homegrown logistics services platform Porter has likely become the third unicorn (with valuation of $1 billion and above) in India this year after a fresh internal round.
BMW launches new car under its Shadow Edition in India at Rs 74.9 lakh
New Delhi, May 16 - Luxury carmaker BMW on Thursday launched the new 'X3 xDrive20d M Sport Shadow Edition' in India at an ex-showroom price of Rs 74,90,000.
Global capability centres’ share in Indian IT exports reach 23 pc: Report
New Delhi, May 16 - The global capability centre (GCC) market is growing in India and the overall share of GCCs in total IT exports from India increased from 18 per cent in 2015 to 23 per cent last year, a report showed
‘iPad campaign was a major fumble’: Tim Cook to 22-yr-old Indian student
New Delhi, May 16 - Apple CEO Tim Cook has called the latest iPad Pro advertisement a "major fumble", after it received backlash from social media users.