OpenAI raises $6.6 billion from multiple giant companies
On Wednesday, OpenAI, the parent company of ChatGPT, put out a statement saying that they have generated $6.6 billion in venture capital investments, taking a shift away from its nonprofit…
New Economists Welcomed by RBI’s MPC Amidst Upcoming Policy Meeting
A significant change has been made at the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) as the centre has appointed three new external members: Economist Ram Singh, Saugata…
Nike sales dropped more than expected, competition continues to flourish
Over the years it has gotten easier and easier to score a pair of limited-edition Jordan sneakers, and this has not become a problem for Nike, as evident in the…
New financial rules on Aadhar, PPF, Insurance, and more in effect from 1st Oct
The Ministry of Finance has issued new rules for formalizing irregular accounts in different small savings schemes. These guidelines apply to various accounts such as NSS-87, PPF accounts for minors,…
US port strikes lead to first shutdown in fifty years
Thousands of dockworkers have started an indefinite strike at ports throughout the majority of the United States, ahead of the holiday shopping season and the presidential election. This represents a…
New regulations might put an end to “gambling like trading” after the SEBI meeting
The Securities and Exchange Board of India has announced a slew of decisions after their meeting that ended on Monday. These changes focus on the rules governing the primary and…
Private investment sites for power projects: Small Nuclear Reactors gain traction
As India plans to get into the manufacturing value chain of Small Modular Reactors (SMR), a handful of private firms have shown interest in deploying these at their investment sites.…
₹7 crore duped off CEO of Vardhman group, police arrests 2
Shri Paul Oswal, the CEO of Vardhman group was duped of ₹ 7 crore by a group of 9 cyber scammers based around West Bengal and Assam. Police have arrested…
Government to Ease Public Procurement Rules for New-Age Products
To bring improvements in the manufacturing ecosystem, the government is likely to ease public procurement requirements for new-age products that are largely not available locally. The Commerce and Industry Minister…
BharatPe settles legal dispute with co-founder Ashneer Grover
Ashneer Grover, co-founder of BharatPe, following a legal settlement, severed all ties with the company on Monday, adding that he will no longer hold any shares in the company. This…