OpenAI CEO Sam Altman’s stake in Reddit rose by $200 million to over $613 million following the social media company’s IPO debut. Shares of the 19-year-old company jumped 48% in New York Stock Exchange trading […]

Indian conglomerate JSW Group and Chinese automotive manufacturer SAIC Motor-owned MG Motor India today kick-started their joint venture to produce both electric and internal combustion engine cars to capture a large chunk of the Indian […]

Washington (TIP)- The US Department of Justice sued Apple on Thursday, March 21, for illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers. The lawsuit, also brought by […]

The National Payments Corporation of India (NPCI) on Thursday, March 14, granted approval to Paytm-owner One97 Communications Ltd to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model. Axis Bank, HDFC […]

China has 12½ times more robots in its workforce than expected, an independent think tank in Washington Information Technology and Innovation Foundation (ITIF) said in a report. This indicates that Chinese workers are being replaced […]

Washington (TIP)- THE United States plans to award more than US$6 billion to Samsung Electronics, helping the chipmaker expand beyond a project in Texas it has already announced, according to sources familiar with the matter. […]

Global stock indexes rallied to record highs on Thursday, while government bond yields fell after the European Central Bank held interest rates steady and Federal Reserve Chair Jerome Powell reiterated that easing was likely in […]

Washington (TIP)- Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to become more confident that inflation is moving sustainably […]

Cryptocurrency Bitcoin on Thursday, Feb 29, surpassed $60,000 for the first time in more than two years. The jump comes amid surging optimism that demand for the token is widening beyond committed digital-asset enthusiasts, according […]

New Delhi (TIP)- Mukesh Ambani-led Reliance Industries and Walt Disney India‘s merger could attract antitrust scrutiny, experts have predicted. The Reliance-Disney merger is set to create India’s biggest TV player with over 120 channels. The […]

New Delhi (TIP)- Google on Friday, March 1, began removing some apps, including popular matrimony apps, from its Play Store in India over a dispute on service fee payments. Google said that 10 companies in […]

More than 60 percent of shareholders of edutech Byju’s on Fedb 23 voted for removal of founder CEO Byju Raveendran and his family over alleged “mismanagement and failures” at what was once India‘s hottest tech […]

Global anti-money laundering watchdog the Financial Action Task Force (FATF) said Friday that it had removed the United Arab Emirates from its “grey list” of countries subject to increased monitoring, while Kenya and Namibia were […]

Walmart has sourced goods worth over USD 30 billion from the Indian market in the last two decades for its global operations, a company official said on Tuesday. Now the Bentonville-headquartered firm has a goal […]