Just 7 women-led startups in India receive funding this year
New Delhi, Nov 18 - 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.
Strong signaling impact to deter growth in consumer credit
New Delhi, Nov 18 - There has been a sharp growth in unsecured lending in the past few years and the unsecured personal loan portfolio of the banking system has more than doubled from Rs 6 trillion in FY19 to Rs 13 trillion
OpenAI board will go after my shares if I go off: Sacked CEO Sam Altman
San Francisco, Nov 18 - 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 the "full value of his shares".
What led to AI poster boy Sam Altman’s unceremonious exit from OpenAI?
New Delhi, Nov 18 - 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 AI momentum globally, had to get rid of
Amazon lays off employees in India amid global churning in Alexa division
New Delhi, Nov 18 - Amazon has announced to lay off “several hundred employees” from its Alexa division, including in India, amid a renewed focus on artificial intelligence (AI).
Apple, other major firms pulls ads from X after Musk’s antisemitic posts
San Francisco, Nov 18 - 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 antisemitism.
ChatGPT developer OpenAI fires Sam Altman as CEO
San Francisco, Nov 18 - In a sudden development, Sam Altman has been fired as CEO of OpenAI, the developer of AI chatbot ChatGPT, and the company's board said it "no longer has confidence in his ability to continue leading OpenAI."
RBI approves Hinduja Group entity acquisition of Reliance Capital
Mumbai, Nov 18 - The Reserve Bank of India approved the resolution plan for debt-ridden Reliance Capital on Friday.
Hyundai, Kia unveil new EVs, concept models
Seoul, Nov 17 - Hyundai Motor and its affiliate Kia said on Friday they have unveiled their latest electric vehicle (EV) units and concept models under way at the 2023 Los Angeles Auto Show as the companies strengthen their electric portfolios.
Steelbird to expand capacity at Himachal, to launch Bluetooth helmets
Chennai, Nov 17 - Increasing production capacity to 50,000 helmets per day at an outlay of Rs 105 crore, exploring a new plant in Tamil Nadu, expanding its retail reach, launching a range premium helmets including a Bluetooth variant are work-in-progress at the
Nifty bank indices down after RBI raises weightage on unsecured loans
New Delhi, Nov 17 - Nifty PSU Bank and Nifty Bank fuelled pessimism in the market, which was down by 2.39 per cent and 1.31 per cent respectively.
50% of investment portfolios of venture capitalists from smaller cities by 2025: Experts
Thiruvananthapuram, Nov 17 - Fifty per cent of the investment portfolios of all venture capitalists would be from Tier II and III cities of India by 2025, Anil Joshi, managing partner of Unicorn India Ventures said.
Startups, students key to boost DIR-V ecosystem, develop indigenous chips: Mos IT
New Delhi, Nov 17 - In order to make India a leading chip design and manufacturing nation, startups, students and entrepreneurs will play a crucial role in developing Digital India RISC-V (DIR-V)-based chips and systems, further catalysing the semiconductor ecosystem while adopting open-source
Titagarh Wagons leads surge in railway stocks
New Delhi, Nov 17 - Shares of railway related companies are up 5-10 per cent on Friday.
TTK Prestige, Indusind Bank, Ramco Cements see substantial increase in pledged promoter holdings
New Delhi, Nov 17 - TTK Prestige, IndusInd Bank, and The Ramco Cements saw substantial increase in pledged promoter holdings in the September quarter, as per Kotak Institutional Equities.
Liquidation remains most common path of closure for cases under insolvency resolution process
New Delhi, Nov 17 - Liquidation (accounting for 45 per cent of all closed cases) remains the most common path of closure for cases under the insolvency resolution process, according to a report by Kotak Institutional Equities.
India stands to gain as crude oil prices fall to 4-month low
New Delhi, Nov 17 - With crude oil prices falling to a 4-month low in the international market, the Indian economy is expected to get a shot in the arm.
Air India operates first ferry flight of A350-900 aircraft
New Delhi, Nov 17 - Tata-owned Air India has operated its first ferry flight of A350-900 aircraft from Singapore to Toulouse with its new livery.
UBS flags expensive valuations in India versus ordinary fundamental performance of companies
New Delhi, Nov 17 - Foreign brokerage, UBS is underweight on expensive markets such as India where retail flows could be at risk with higher rates and hurts from higher oil.
Tim Cook, Elon Musk greet Xi Jinping at gala dinner
San Francisco, Nov 17 - From Tesla and SpaceX CEO Elon Musk to Apple chief Tim Cook, top tech honchos and corporate leaders met Chinese President Xi Jinping during a gala dinner here during his state visit.