Amazon.com founder Jeff Bezos, Nvidia and other big technology names are investing in startup Figure AI that develops human-like robots, Bloomberg News reported on Friday, citing people with knowledge of the situation. Figure AI, also backed by ChatGPT-maker OpenAI and Microsoft, is raising about $675 million in a funding round that carries a pre-money valuation … Read more
India is on the cusp of change, having transformed to become the fifth largest economy in the world and is gradually moving towards being in the top three. Our economy is uniquely diverse and rapidly growing; this is powered by infrastructure, manufacturing, information technology and services sectors. A key strength is our sizeable domestic market, … Read more
Amid heightened competition in the telecom sector, raising funds is crucial for Vodafone Idea Ltd’s (VIL’s) survival. However, investors were visibly disappointed after the company announced that the board of directors had approved a fundraise of up to ₹20,000 crore through equity or equity-linked instruments, causing VIL’s shares to plunge almost 14% on Wednesday. What … Read more
Kotak Mahindra Bank hikes fixed deposit rates: Kotak Bank has recently raised its fixed deposit interest rates across various periods. With the latest adjustment, the bank now offers rates ranging from 2.75% to 7.40% for regular customers on deposits maturing in seven days to ten years, effective from February 27, 2024. Previously, Kotak Bank provided … Read more
Google parent Alphabet’s CEO Sundar Pichai is likely to be fired or will resign soon amid the Gemini debacle — as he should, believes Helios Capital founder Samir Arora. Replying to a user on social media site X (formerly Twitter), who asked for Arora’s opinion on the controversies surrounding Google worldwide released AI chatbot Gemini, … Read more
In its latest budget presentation, the Narendra Modi-led government reaffirmed its commitment to bolstering capital expenditure (capex) and maintaining fiscal discipline, a strategic stance that has characterized its financial governance in recent years. The budget showcases a significant escalation in capex, which has almost tripled in the past four years, thereby becoming a cornerstone for … Read more
JK Cement share price that has risen 56 % in last one year and is trading near 52-week highs seen recently. Strong cement demand in the country has been driving investor confidence on cement stocks. The expansions being carried out by JK Cement have further helped improve sentiments. Analysts remain positive and see more gains … Read more
‘Don’t put all your eggs in one basket’, once said a wise man. In the dynamic landscape of financial markets, constructing a robust investment portfolio is crucial for achieving long-term financial goals. One strategy that is gaining prominence is the adoption of a multi-asset portfolio. This approach involves diversifying investments across various asset classes, offering … Read more
OpenAI’s renowned AI chatbot, ChatGPT, has unveiled a new feature for Android smartphones, introducing a convenient home screen widget. This addition marks the latest advancement in OpenAI’s efforts to enhance user experience amidst fierce competition, notably from Google Gemini, a recent entrant in the smartphone assistant arena. The widget, disclosed by Android Central contributor Mishaal … Read more
The finance minister presented a vote on account highlighting the government’s achievements in the last five years and laid the foundation for the budget post-election. The priorities for the government visible from the past budgets are infrastructure, investment, inclusive growth and fiscal prudence. The government, barring the covid shock, has achieved the impossible trinity of … Read more