OpenAI now one of top 3 VC-backed global startups
Business Standard|October 04, 2024
Valuation nearly doubles to $157 bn in latest fundraise
BLOOMBERG
OpenAI now one of top 3 VC-backed global startups

OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence (AI) company a $157 billion valuation and bolstering its efforts to build the world's leading generative AI technology. During an employee share sale earlier this year, the company was valued at $86 billion.

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JSW MG Calls For GST Cut On Plug-In Hybrids
Business Standard

JSW MG Calls For GST Cut On Plug-In Hybrids

JSW MG Motor has requested the Centre to reduce goods and services tax (GST) on plug-in hybrid cars, which is currently 28 per cent.

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2 mins  |
January 18, 2025
India's Economy in Structural Slowdown: UBS
Business Standard

India's Economy in Structural Slowdown: UBS

UBS Group AG is recommending investors short India's rupee and go underweight on the country's stocks amid slowing economic growth, a trend that could worsen after Donald Trump takes over as US president.

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1 min  |
January 18, 2025
DoT to get 687 MHz of unused spectrum
Business Standard

DoT to get 687 MHz of unused spectrum

This is part of one-time re-farming of unused airwaves allocated to ministries

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1 min  |
January 18, 2025
Goyal to travel to Brussels today for FTA talks with EU
Business Standard

Goyal to travel to Brussels today for FTA talks with EU

Meeting may give 'political direction' to expedite negotiations

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1 min  |
January 18, 2025
Rebel as a boy next door
Business Standard

Rebel as a boy next door

At a time when there were no monitors to preview shots, directors would use viewfinders to determine the dimensions of the frame, the lens required for the camera and the angle from which to shoot.

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3 mins  |
January 18, 2025
INDIA'S EDTECH MKT MAY REACH $29 BN BY 2030
Business Standard

INDIA'S EDTECH MKT MAY REACH $29 BN BY 2030

India's edtech market, which was valued at $7.5 billion in 2024, is projected to reach $29 billion by 2030, according to a latest report.

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1 min  |
January 18, 2025
Goyal bats for reducing auto component imports
Business Standard

Goyal bats for reducing auto component imports

Commerce and Industry Minister Piyush Goyal on Friday asked the auto components industry to start manufacturing machines and reduce import dependency.

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1 min  |
January 18, 2025
Mild-mannered, but no pushover
Business Standard

Mild-mannered, but no pushover

Ever since Shivraj Singh Chouhan left Bhopal for Delhi to become agriculture and rural development minister in the Narendra Modi 3.0 government, he's been feeling a bit lonely.

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3 mins  |
January 18, 2025
Maruti Aims to Become India's Largest EV Maker Within a Year
Business Standard

Maruti Aims to Become India's Largest EV Maker Within a Year

Company's new launch e-Vitara will be available with a range of more than 500 km

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2 mins  |
January 18, 2025
Business Standard

Regulator opposes plea filed by Kirloskar Oil Engines in SAT

The Securities and Exchange Board of India (Sebi) on Friday submitted to the Securities Appellate Tribunal (SAT) that its advisory to Kirloskar Oil Engines (KOEL) was administrative in nature and thus non-appealable.

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1 min  |
January 18, 2025