Microsoft Corp, the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc, which has an executive on the artificial intelligence startup’s board, are joining forces with one of his chief rivals.Microsoft and BlackRock said on Wednesday that Elon Musk’s xAI is joining their effort to build $30 billion worth of data centers and other artificial…
BENGALURU: The IT sector is trudging in the slow lane, operating at a lacklustre pace. Industry analysts forecast a slower pace of recovery with moderate growth for a longer period, even as the IT sector faces potential challenges stemming from the macro-economic environment and technology transition, increasing risks to revenue growth. This presents a case…
MUMBAI: India’s economy continues to display remarkable resilience amid global uncertainty, with growth underpinned by strong agricultural output and recovering consumption, the Reserve Bank of India (RBI) noted in its State of the Economy report.Key sectors – including agriculture, construction, financial services, and trade – remain buoyant. The country is benefitting from easing inflation, robust…
MUMBAI: In a significant decision, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, distinguished between a legal owner (an individual whose name is merely added on purchase of a property, say a spouse or brother) and a beneficial owner (to whom it actually belongs).The ITAT emphasized that merely having a name on a property title…
Fitch expects India’s GDP growth to strengthen further in the last quarter of FY25. (AI image) The Indian economy is ‘somewhat insulated’ from the impact of high US tariffs, Fitch has said in its latest Global Economic Outlook report. Fitch sees the Indian economy growing at 6.5% in the upcoming financial year, with a slight…
Chhatrapati Shivaji Maharaj International Airport plans to invest approximately ₹10,000 crore in infrastructure enhancement. From May onwards, travellers departing from Mumbai airport could face increased charges as the Adani-operated facility has suggested implementing a ₹325 fee for domestic flights and raising international passenger charges to ₹650.The overall financial burden on passengers might be reduced as…
“The world today makes business decisions factoring in national security,” said Jaishankar. External Affairs Minister S Jaishankar has said that trade and business dealings between major economies are no longer just about cost, but also comfort and trust. Speaking at the Raisina dialogue in Delhi, S Jaishankar said that non-economic factors are increasingly influencing business…
H1B visa scheme enables organisations in the United States to employ overseas professionals temporarily in specialised roles. H-1B visa policy changes under US President Donald Trump’s government makes major Indian IT firms susceptible to immigration policy changes and higher costs, says Moody’s in its latest report. Indians secured approximately 75% of H-1B visas granted in…
Hero’s market position has deteriorated to its lowest point in ten years. Several senior executives at Hero MotoCorp have reportedly resigned amidst growing challenges for India’s leading two-wheeler manufacturer by volume. Sources familiar with the situation told ET that these resignations have occurred within the past few days.This exodus follows a month after the company’s…
Indian Railways intends to purchase 3 GW of renewable energy, including hydropower, alongside 3 GW of thermal and nuclear power in 2030. (AI image) The Indian Railways has begun consultations with the Department of Atomic Energy (DAE) and power ministry regarding the establishment of small nuclear power facilities to meet its energy needs, supporting its…
