rupee
Business Finance

Rupee Falls To Record Low Of 95.40

By BPN News Desk
The Indian rupee fell to a fresh record low of 95.40 against the US dollar in early trade on Tuesday, extending its decline as rising crude oil prices and global uncertainty kept pressure on the currency. Indian Rupee Hits Record Low The rupee weakened by 17 paise from its previous close and touched 95.40 against […]
trade
Business

AWS CEO Rejects Software Is Dead Claim

By BPN News Desk
Amazon Web Services CEO Matt Garman has rejected claims that software is becoming irrelevant, saying the rise of artificial intelligence has created a major opportunity for developers and technology companies. AWS CEO Matt Garman On Software Garman said software remains central to innovation despite growing debate over whether AI will reduce the need for traditional […]
elon musk
Business

Elon Musk Grilled In OpenAI Trial

By BPN News Desk
Elon Musk Grilled In OpenAI Trial Elon Musk faced sharp questioning in a California court during the ongoing trial over OpenAI’s shift from its original nonprofit structure to a profit-driven model. The case has placed Musk’s own AI business interests under scrutiny as he challenges the direction taken by the ChatGPT maker. Elon Musk Questioned […]
apple
Business

Tim Cook Calls India Huge Opportunity

By BPN News Desk
Apple CEO Tim Cook has described India as a “huge opportunity” for the company, citing strong growth across iPhone, iPad and Mac sales as the tech giant looks to benefit from India’s expanding middle class and growing digital economy. Apple Sees Strong Growth In India Cook said Apple is seeing double-digit growth in India across […]
infosys
Business

Infosys CEO Rules Out Layoffs Amid AI Shift

By BPN News Desk
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 of work rather than reduce jobs at Infosys. He said […]
elon musk
Business

Elon Musk Accuses OpenAI Of Unsafe AI Push

By BPN News Desk
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 […]
Anil Ambani
Business

ED Attaches Anil Ambani Assets Worth Rs 3,034 Crore

By BPN News Desk
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
Sam Altman openAI
Business

OpenAI Models Come To Amazon Bedrock

By BPN News Desk
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 […]
RBI
Business Finance

RBI Tightens Bad Loan Rules For Banks

By BPN News Desk
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
Business Finance

Paytm Payments Bank To Be Wound Up

By BPN News Desk
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 […]