Infosys CEO Salil Parekh has ruled out layoffs despite rapid changes in the IT services industry due to artificial intelligence, saying the company will focus on hiring, reskilling and AI-led growth. Infosys AI Growth Strategy Parekh said artificial intelligence is expected to expand the scope
Elon Musk has accused OpenAI and its chief executive Sam Altman of abandoning the company’s original nonprofit mission, as a major legal battle over the future of the artificial intelligence firm continues in a US court. Elon Musk OpenAI Lawsuit Musk told the court that OpenAI was created to develop artificial intelligence for the benefit […]
The Enforcement Directorate has provisionally attached assets worth Rs 3,034.90 crore in a money laundering probe linked to Reliance Communications and entities connected to the Reliance Anil Ambani Group. The latest action includes high-value properties in Mumbai, Khandala and Ahmedabad. ED Attaches Anil Ambani Mumbai Flat The attached assets include a premium flat in
AWS and OpenAI have announced an expanded partnership that will bring OpenAI’s latest models to Amazon Bedrock in limited preview. The move will allow enterprise customers to access OpenAI’s frontier AI models through AWS infrastructure, security and governance systems. OpenAI Models On Amazon Bedrock Amazon Bedrock will now offer OpenAI models through the same APIs […]
The Reserve Bank of India has issued final rules for banks to identify and provide for possible loan losses earlier, bringing India’s bad loan framework closer to global regulatory standards. RBI Expected Credit Loss Rules The new framework will require banks to set aside funds for expected credit losses instead of waiting for borrowers to […]
Paytm Payments Bank To Be Wound Up Paytm Payments Bank will be wound up after the Reserve Bank of India cancelled its banking licence, more than two years after the regulator imposed strict business restrictions on the payments bank. RBI Cancels Paytm Payments Bank Licence The RBI cancelled the licence of Paytm Payments Bank under […]
Indian stock markets moved higher on Monday after recent pressure linked to Iran war concerns, crude oil prices, Q4 earnings and F&O expiry positioning, with benchmark indices trading near the day’s highs. Sensex And Nifty Rise In Early Trade The BSE Sensex rose nearly 500 points in early trade, while the NSE Nifty 50 moved […]
Reliance Industries’ global depository receipt fell after the company reported its March quarter earnings, giving investors an early overseas market signal before the stock resumes trading on Monday. Reliance GDR Price Drops After Q4 Results Reliance Industries’ GDR closed at $57.50 after the Q4 FY26 results, down 0.86% in intraday trade. Since one Reliance GDR […]
India’s foreign exchange reserves rose by $2.362 billion to $703.308 billion for the week ended April 17, according to the latest data released by the Reserve Bank of India. India Forex Reserves Cross $703 Billion The latest increase comes after the forex kitty had risen by $3.825 billion in the previous reporting week to $700.946 […]
Google will invest $10 billion in Anthropic, strengthening its financial and cloud partnership with one of the world’s fastest-growing artificial intelligence companies. Another $30 billion could follow if Anthropic meets specific performance targets. Google Anthropic Investment Deal The latest investment values Anthropic at around $350 billion. The immediate $10















