business news

After months of closely-guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 MAX narrowbody planes as well as some 20 Boeing 787s and 10 Boeing 777X. Air India will on Friday seal half of an order worth billions of dollars for some 495 jets …

This is the second round of layoffs at Philips after a recall. The company cut over 4,000 jobs in October last year. Dutch health technology company Philips said on Monday it would let go off 6,000 employees globally in order to restore the company’s profitability on the back of a …

Crypto Price Today: Bitcoin holds $23,600; Solana, Ethereum, BNB rises up to 6%. Top crypto tokens were trading higher on Monday, thanks to gains in Bitcoin which flirted with $24,000 level over the weekend. Markets have remained largely hopeful the past week despite conflicting economic data and worrisome fourth quarter …

Elon Musk announced earlier this month that Twitter will make it less mandatory for users to use the “For You” algorithmic timeline. The CEO has now announced another update regarding the platform’s timeline saying the ‘For You or Following’ choice will be persistent soon. The conversation started when MMA fighter Matt Brown tagged Musk complaining …

AI research startup OpenAI launched its chatbot ChatGPT in 2022. Since its release the chatbot has become viral as it can perform human-like tasks. From writing a song to project assignment, ChatGPT can do it all. This popular chatbot is now being banned by several educational institutions both in India …

Stocks in the Asia-Pacific mostly fell on Monday as shares of Adani Group remained volatile after the conglomerate rebutted short seller firm Hindenburg’s accusations of embezzlement and fraud. India’s Nifty 50 Index traded 0.3% lower after hitting three-month lows on last week’s rout of Adani shares. Mainland Chinese markets rose on resuming …

Automobile giants Renault and Nissan on Monday agreed to restructure their decades-long alliance, in a move that will see Renault transfer 28.4% of Nissan shares into a French trust, the companies said. Voting rights in the trust would be ”‘neutralized’ for most of the decisions, but the economic rights (dividends …

KEY POINTS Unlike its larger American peers, TikTok hasn’t faced the kinds of mega fines or legal penalties that Google, Facebook-owner Meta or Amazon have in the EU over the years. TikTok has stayed out of regulatory scrutiny partly because it’s kept out of the crosshairs of commercial interests in …

The reason behind Musk’s change of name is an inside joke as a lawyer representing investors of Tesla during a hearing had referred to him as such.SpaceX and Tesla founder and CEO Elon Musk is known for his eccentric posts on Twitter, the microblogging website he took over last year. Showing his …

CLSA assessed that the exposure of public sector banks has not increased in the past three years. Amid the dust raised by Hindenburg Research’s report on the Adani Group, CLSA said the Indian banking sector’s exposure to the group is less than 40 per cent of total group debt. Analysts with …