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Business

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Inside OpenAIs Race to Catch Up to Claud...

Inside OpenAIs Race to Catch Up to Claude Code

Inside OpenAIs Race to Catch Up to Claude Code ### The Coding Conundrum: OpenAI Grapples with Advanced AI Development The artificial intelligence landscape is rapidly evolving, with specialized tools for code generation emerging as a significant frontier. While OpenAI, a prominent player in the AI... read more »

Nick Clegg Doesnt Want to Talk About Sup...

Nick Clegg Doesnt Want to Talk About Superintelligence

Nick Clegg Doesnt Want to Talk About Superintelligence **Clegg Navigates AI Landscape Beyond Artificial General Intelligence** **London, UK** – Following his departure from Meta Platforms in late 2023, Nick Clegg, the former Deputy Prime Minister of the United Kingdom, is establishing a distinct... read more »

Oracle stock jumps 9% on earnings beat a...

Oracle stock jumps 9% on earnings beat and increased guidance as cloud reve...

Oracle stock jumps 9% on earnings beat and increased guidance as cloud revenue climbs 44% **Oracle Surges on Robust Earnings and Upbeat Cloud Outlook** **Redwood City, CA – [Date]** – Oracle Corporation experienced a significant surge in its stock value today, with shares climbing approximately... read more »

Telecom major Bharti Airtel on Thursday announced it has acquired 100 per cent stake in Wireless Business Services (WBSPL), a company founded by U.S. chipmaker Qualcomm. The company had acquired a 49 per cent stake in WBSPL in May 2012 for $165 million. At that price, the additional stake purchase would have cost Airtel an estimated $165 million, or Rs. 1,008.1 crore at Friday’s exchange rate. However, the company did not disclose the financial details of the deal. In a statement, Airtel said that it has “completed the acquisition of 100 per cent equity shares of Wireless Business Services Private Limited, which holds BWA Spectrum in the Indian telecom circles of Mumbai, Delhi, Haryana and Kerala”. Airtel acquired a majority stake in WBSPL in July by increasing its stake to 51 per cent from 49 per cent. WBSPL has spectrum that can be used for high-speed 4G services in New Delhi, Mumbai, Haryana and Kerala. Airtel has the similar spectrum in Punjab, Maharashtra, Kolkata and Karnataka. Airtel has already launched 4G services in Bangalore, Pune, Kolkata, Chandigarh, Mohali and Panchkula. Shares of Airtel were trading at Rs. 353.80, up by 1.46 per cent, in the afternoon session at BSE.
AI chipmaker Cerebras namedropped by Ora...

AI chipmaker Cerebras namedropped by Oracle, alongside Nvidia and AMD

AI chipmaker Cerebras namedropped by Oracle, alongside Nvidia and AMD ## Cerebras Systems Gains Prominence with Oracle Cloud Integration **Emerging semiconductor firm Cerebras Systems is reportedly in discussions with Oracle Cloud Infrastructure (OCI) regarding a potential partnership, a... read more »

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Economy

RBI outlines broad plans on $150 billion bank bad loan resolution

The Reserve Bank of India (RBI) outlined the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the country’s banks Mumbai: The Reserve Bank of India (RBI) outlined on... read more »

GST: Govt dictating prices goes against free-marke...

In an interview  on Monday, revenue secretary, Hasmukh Adhia, gave out an explicit warning to companies planning to increase prices on products... read more »

Heavy Bikes, Luxury Yachts, Private Jets to Attract 31 ...

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Srinagar: Motorcycles of more than 350 cc engine capacity will attract a total of 31 percent tax under the GST regime, same as the tax incidence on private... read more »

Strong U.S. job growth, rising wages set stage for Fed ...

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WASHINGTON (Reuters) – U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the... read more »

Volkswagen pleads guilty in U.S. court in diesel emissi...

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DETROIT/WASHINGTON (Reuters) – Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3... read more »

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Investing

Lloyds, two others dismissed from yen Libor litigation in U.S

NEW YORK (Reuters) – A U.S. judge on Friday dismissed Lloyds Banking Group Plc , ICAP Europe Ltd and Tullett Prebon Plc as defendants from litigation alleging a conspiracy among many financial... read more »

Crunch week as Fed meets on rates, Trump team join...

LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality... read more »

Some bank bulls grow wary on policy uncertainty

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(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates,... read more »

State-owned carrier Air India understated losses –...

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NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March... read more »

India’s Avenue Supermarts IPO oversubscribed 106 ...

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MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the... read more »

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Gold & Metals

Gold remains weak on low demand; silver recovers

NEW DELHI: Gold prices fell further by Rs 75 to Rs 27,025 per ten gram at bullion market here today on subdued demand even as the metal strengthened overseas. Silver, however, found fresh buying... read more »

PRECIOUS-Gold rises 2 pct as year-end jitters knoc...

Gold rose 2 percent on Tuesday, while silver jumped more than 4 percent as the dollar weakened and stock markets slid, with concerns over tension... read more »

Gold futures rise to Rs. 26,812 per 10 gm

Gold prices rose 0.86 per cent to Rs. 26,812 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from the... read more »

Gold steady at Rs 27,000 on scattered buying; silver re...

Gold prices on Wednesday held steady at Rs 27,000 per ten gram at the bullion market in the national capital on scattered buying by retailers. However, silver... read more »

Gold prices fall by 0.21 per cent in futures trade on g...

Gold prices eased by 0.21 per cent to Rs 26,800 per 10 grams in futures trade on Tuesday, tracking a weak global trend, as speculators offloaded their... read more »

More from Business

Anthropic Sues Department of Defense Over Supply-Chain-Risk Designation

Anthropic Sues Department of Defense Over Supply-Chain-Risk Designation ## AI Developer Challenges Pentagon’s Supply Chain Designation in Federal Court **Washington D.C.** –... read more »

Bluesky CEO Jay Graber Is Stepping Down

Bluesky CEO Jay Graber Is Stepping Down **Leadership Transition Announced at Bluesky as Founder Departs** **San Francisco, CA** – Bluesky, the decentralized social networking platform,... read more »

OpenAI and Google Workers File Amicus Brief in Support of Anthropic Against the US Governm...

OpenAI and Google Workers File Amicus Brief in Support of Anthropic Against the US Government ## Tech Titans Rally Behind AI Safety Advocate in Government Dispute **A significant contingent... read more »

Anthropic Claims Pentagon Feud Could Cost It Billions

Anthropic Claims Pentagon Feud Could Cost It Billions **AI Firm Faces Significant Financial Repercussions Amidst Government Scrutiny** **San Francisco, CA** – A prominent artificial... read more »

Nvidia Is Planning to Launch an Open-Source AI Agent Platform

Nvidia Is Planning to Launch an Open-Source AI Agent Platform ## Nvidia Poised to Unveil Open-Source Framework for AI Agent Development **SANTA CLARA, CA** – In a strategic move signaling a... read more »

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