business news

Apple's CEO, Tim Cook, reassured investors about the tech giant's commitment to artificial intelligence (AI) innovation, despite a dip in China iPhone sales. While the company reported a slight increase in overall revenue for the last quarter of 2023, concerns surrounding the Chinese market led to a more than 3 percent drop in Apple's shares in after-hours trading.

In a groundbreaking move, the Enforcement Directorate (ED) arrested Hemant Soren, former Jharkhand Chief Minister, under the Prevention of Money Laundering Act (PMLA). This arrest follows a complex operation by the federal agency, attempting to apprehend the Jharkhand Mukti Morcha (JMM) leader in Delhi. Despite teams being deployed at his residence and the airport, Soren managed to evade authorities and reach Ranchi by road on Tuesday. The ED alleges that Soren is a key beneficiary in an alleged land scam in Ranchi, where a network of brokers and businessmen falsified records in registrar offices to create fake deeds of landed parcels, subsequently selling them.

In a dramatic turn of events at the Delhi airport, frustrated passengers voiced their anger against domestic carrier IndiGo after their flight to Jharkhand's Deoghar was allegedly cancelled. A video posted by news agency ANI captured the passengers shouting slogans, demanding the cessation of flight cancellations.

In a major development, film producer Boney Kapoor and developer Ashish Bhutani, winners of the bid to develop the Yeida Film City project, have presented a detailed project report (DPR) to the Yamuna Expressway Industrial Development Authority (Yeida). The ambitious project, set to be built over the next three years, aims to provide comprehensive facilities to the film industry, ranging from accommodation for entire film crews to entertainment zones, a golf course, commercial and shopping areas, and more, all conveniently located under one roof.

Jaipur, India: Prime Minister Narendra Modi and French President Emmanuel Macron engaged in crucial talks on Thursday in Jaipur, aiming to strengthen bilateral ties across defense, security, and business sectors. Macron, who received a red carpet reception in the city, is set to be the chief guest at India's 75th Republic Day celebrations in New Delhi on Friday.

As Delhi's average air quality index (AQI) breached the 400-mark on Wednesday, the Central Pollution Control Board (CPCB) sounded alarms, prompting the Centre to deliberate on invoking Stage 3 of the Graded Response Action Plan (GRAP) to curb the escalating pollution levels in the national capital.

Prime Minister Narendra Modi wrapped up his spiritual pilgrimage to temples with a connection to the Ramayana in southern India, culminating his visit by offering prayers and performing rituals at a Lord Ram shrine near Arichal Munai in Tamil Nadu. This spiritual journey comes just ahead of the consecration of the grand Shri Ram temple in Ayodhya on January 22.

As anticipation builds for the historic 'Pran Pratistha' ceremony at the Ayodhya Ram temple, the iconic 27-storied residence of industrialist Mukesh Ambani, Antilia, has been transformed into a visual spectacle. Lit up with holograms proclaiming 'Jai Shri Ram' in Hindi and adorned with diyas, the opulent landmark building stands as a beacon of celebration.

OpenAI CEO Sam Altman is reportedly in talks to raise billions of dollars to establish a network of Artificial Intelligence (AI) chip factories for semiconductor manufacturing, according to Bloomberg. Altman has engaged in discussions with potential investors, including Abu Dhabi-based G42 and Japan's SoftBank Group. However, the talks are still in the early stages, and a comprehensive list of partners and funders for the venture is yet to be finalized.

In a significant development, Elon Musk's Starlink is on the brink of securing approval from the Indian government to launch its space-based broadband services in the country. Reports suggest that the Department of Telecommunications (DoT) is set to issue a Letter of Intent (LoI) to Starlink, with the approval anticipated in the next few days, potentially by early next week.