CATEGORIES

GCCs pick up the slack as IT firms slow hiring

Increased hiring, higher pay to offset some of the gloom from IT cutbacks

Rupee Matches Record Closing Low As Dollar Demand Persists

The rupee ended weaker on Monday, matching its record closing low as sustained dollar demand from state-run and foreign banks maintained pressure on the local unit, despite a rally in its Asian peers.

Sam Altman At Microsoft, Staff Rebellion At OpenAI

After three days of high drama at the world's à most closely watched startup, which many compared to a coup, Microsoft Corp. capped the weekend with one of its own: the software giant hired ousted. OpenAI chief Sam Altman.

Spanish Cos Eye High-Speed Rail In India

Spanish transport firms are interested in building high-speed railway networks in India, said the country’s ambassador Jose Maria Ridao Dominguez in an interview with Mint.

The Way Out: Why Founders Get The Boot So Often

OpenAI chief executive and founding team member Sam Altman was last week fired from the company he helped make famous. Many startup founders have been made to leave their companies. What's behind this trend? Mint explains.

Six superfoods to add to your daily meal plans

Enjoy a bounty of health benefits with this list of easily available superfoods

Why converting purchases to EMIs may no longer get you a discount

Banks push customers to convert their shopping purchases to EMIs but this carries interest and other charges

Five popular marathons you can sign up for this winter

TATA MUMBAI MARATHON (21 JANUARY 2024; FULL MARATHON, HALF MARATHON

Altman's ouster from OpenAI will revive the AI safety debate

When it comes to artificial intelligence (AI), one of the most commonly debated issues in the technology community is safety—so much so that it has helped lead to the ouster of OpenAI’s co-founder Sam Altman, according to Bloomberg News.

Let's not underrate the strategic value of grace

The crowd response to India's World Cup loss and Sam Altman's ouster from OpenAI in the US had a common factor. In both cases, greater grace could well have spelt better outcomes

TVS MOTOR: BORN ICE, NOW READY FOR ELECTRIC

The company is a distant third in the two-wheeler ICE market. But it is banking on technology to lead the EV pack

Djokovic wins record 7th ATP Finals title by beating Sinner

Novak Djokovic ended the year just as he started it-by setting records.

Messi's 2022 WC shirts to top $10 mn

A set of six jerseys that Lionel Messi wore during Argentina's victorious 2022 World Cup run will be auctioned in December, Sotheby's announced Monday, estimating their value at more than $10 million.

Hostage talks progress as war rages on in Gaza

Qatar, which hosts some leaders of Hamas, is helping broker the talks

EV Push: Hyundai plans ₹700 crore battery plant by '25

South Korean carmaker Hyundai Motor India is betting on localization of battery packs to be key in driving down prices of its electric vehicles in the country, top company officials said in response to global scepticism around EVs and lack of affordability being a key hindrance in their adoption.

Smaller producers eye safer bets amid OTT cost-cutting

Smaller over-the-top content (OTT) creators are grappling with challenges due to cost-cutting measures across India’s OTT ecosystem, amid impending consolidations among streaming giants, besides global factors affecting profitability.

'Will be near insolvency if we've to pay Maran more'

Court says cannot compel Marans to accept the settlement in the form of equity shares

SMEs have shined since IPO, but experts advise caution

In the past year, SME IPOs have outperformed mainboard firms in listing gains and returns

JSW One to break even by FY26

The firm has enough cash to fund expansion for the next 24 months

Slowing revenue growth may disrupt HAL's flight path

Investors in Hindustan Aeronautics Ltd (HAL) are upbeat, given the government’s sharp focus on defence indigenization. On Monday, the HAL stock hit a new 52-week high of ₹2,167. The company is a key supplier of India’s military aircraft.

NMDC to bank on price hikes now

Investors in the NMDC Ltd stock have little to crib about. Its shares have gained nearly 39% in 2023 so far. The state-owned iron ore producer’s steady progress towards its volume target in FY24 has pleased investors.

'Gen AI focus tops 66% of Indian CEOs' plans'

American technology major Oracle has integrated artificial intelligence (AI) and machine learning across its entire product range. It is working on various generative AI services, spanning infrastructure to applications, seeking to assist organizations automate end-to-end business processes, improve decision-making, and enhance customer experience.

US envoy pitches for India-US talks on AI

US ambassador to India Eric Garcetti on Monday made a strong pitch for \"deeper conversations\" between New Delhi and Washington on a regulatory framework on artificial intelligence, saying it could be an example of \"multiplicative relationship\" between the two democracies.

After trade deal, India and Aus to boost economic ties

Key Indian exports to Australia include petroleum products, pharmaceuticals, iron, garments

Tale of two halves: Goldman sees GDP powered by govt, pvt sector

Investment bank and financial services major Goldman Sachs predicted a higher 6.5% growth in gross domestic product (GDP) in FY25, compared to a more sedate 6.2% in FY24. That is more or less in line with the trend that other agencies have also predicted.

Route to no OTP being developed

Cloud communications company Route Mobile Ltd is in discussions with large e-commerce and payment platforms to enable a solution that will authenticate financial transactions without the need for a one-time password (OTP), a top executive said.

Sebi moves SC over SAT order in Diageo's United Spirits buy

The Securities and Exchange Board of India (Sebi) has moved the Supreme Court (SC) challenging an appeals court verdict in British alcoholic beverage maker Diageo Plc’s 2012 acquisition of United Spirits Ltd (USL), a case that may determine the stock market regulator’s power to intervene in a takeover after the open offer has concluded.

Govt capex engines to fire on all cylinders in year of polls

India's public capital expenditure (capex) blitz will continue at full throttle even as some departments look poised to exhaust their budgets, two persons aware of the plan said.

Pulse mission to lift output, buffer soon

Nafed to encourage pulses farming, assure purchases in scheme

Instagram Reels Dominates Beauty Purchases In India

More than 80% of the surveyed consumers find beauty products online highlighting the impact of social media on beauty purchases in India. In fact, Meta’s Facebook and Instagram lead beauty product searches, as is reported by nine out of the 10 consumers surveyed by consumer research platform GWI.