Latest News, Updates & Breaking Headlines
ChatGPT-maker OpenAI has written to the US government, saying that the nation must drastically increase its investment in new energy capacity to prevent falling behind China in the global race for artificial intelligence (AI) supremacy. The startup, which has recently embarked on deals for massive, power-hungry data centres, submitted an 11-page document to the White…
Lenskart IPO: Eyewear retailer Lenskart is set to make its stock market debut, with its initial public offering (IPO) opening for subscription on October 31 and closing on November 4.Lenskart, founded in 2008, operates over 2,500 stores across India, the Middle East, and Southeast Asia, and has evolved into a global omnichannel eyewear retailer.The listing…
Google has announced plans to invest $15 billion over the next five years in setting an artificial intelligence hub in Visakhapatnam. The company made the announcement at an event in New Delhi today. On the occasion, Google CEO Sundar Pichai shared that he discussed the project with PM Narendra Modi. Pichai said that during his…
CHENNAI: Taiwan-based electronics major Hon Hai Technology Group (Foxconn) has announced an investment of Rs 15,000 crore for various manufacturing projects in Tamil Nadu, the state’s industries minister TR B Rajaa said.While details of the projects were not disclosed, it is learnt that Foxconn is likely to invest in electric vehicle batteries, among other technology…
Nigel Toon, cofounder and CEO of Graphcore MUMBAI: British semiconductor company Graphcore, a subsidiary of SoftBank Group, is launching a new AI engineering campus in Bengaluru and planning to create 500 semiconductor jobs with up to $1.3 billion (1 billion pounds) invested over the next decade. The engineering centre will be a core part of…
(Image credits: X @RevolutApp) MUMBAI: British fintech Revolut will invest $670 million (500 million pounds) in India over five years, the company said. The investment will help the firm to build its business in the region and aid growth of its global capability centre (GCC) in the country. “Revolut recently committed 10 billion punds in…
PM Modi with communications minister Jyotiraditya Scindia, his deputy Chandra Sekhar Pemmasani, chairman of Reliance Jio Infocomm Akash Ambani, and Bharti Group chairman Sunil Bharti Mittal at the inauguration of the India Mobile Congress NEW DELHI: Prime Minister Narendra Modi on Wednesday made a pitch to boost investments in manufacturing in the country, saying, it…
NEW DELHI: Prime Minister Narendra Modi on Wednesday made a spirited pitch for boosting manufacturing investments in the country, saying that it is the “best time to invest, innovate and make in India” which should be positioned as a “trusted partner” in the global supply chain. The statement comes when India faces tariffs headwinds from…
The National Stock Exchange (NSE), India’s largest equity bourse, on Sunday announced plans to invest Rs 380 crore in building a new facility for cancer treatment at the Tata Memorial Hospital (TMH).The 11-storey NSE multi-speciality hospital block and bone marrow transplant (BMT) centre will be constructed at the TMH-run Advanced Centre for Treatment, Research and…
MUMBAI: Less than one out of 10 households in India (9.5%) invest in securities market-related financial products like stocks and mutual funds, a Sebi survey showed. This is despite 63% of the country’s total 33.7 crore households knowing about at least one of these products.Among states, nearly 21% of households in Delhi invest in securities…
