Category: Business

Meta CEO Mark Zuckerberg. (AFP)
Posted in Business

Meta Platforms plans layoffs to cut 600 AI jobs in Superintelligence Labs unit| Business News

Meta Platforms Inc. has decided to cut 600 AI jobs at Meta Superintelligence Labs, as the Mark Zuckerberg-owned company looks to make its AI unit…

Continue Reading
A transformer in Uttar Pradesh. The demand for electricity in India's most populous state has more than doubled in the past decade to a peak of more than 30,000 MW. (Parveen Kumar/HT)
Posted in Business

Why a raging power crisis in Uttar Pradesh is Yogi Adityanath’s sternest test yet| Business News

The Uttar Pradesh power crisis has reached an inflection point. The state is faced with acute power shortage — from the ghats of Varanasi to…

Continue Reading
The JBL Tour ONE M3 with the Smart Tx exhibiting its functional versatility (Vishal Mathur / HT Photo)
Posted in Business

Long-haul headphones don’t get much better than this| Business News

There is something about flagship headphones that JBL wants to do differently. The basics of the course don’t change, including a sound signature that is…

Continue Reading
The Infosys promoters collectively held 13.05% of the company's equity as on the buyback announcement date. (Reuters)
Posted in Business

Infosys promoters, including Nandan Nilekani, Sudha Murty opt out of ₹18,000-crore share buyback| Business News

Infosys promoters and promoter group, including Nandan M Nilekani and Sudha Murty, have decided not to participate in the company’s ₹18,000 crore share buyback, according…

Continue Reading
In all, Amazon is planning to replace and/or avoid 600,000 US jobs by 2027. (AFP)
Posted in Business

Amazon plans to replace more than half-a-million US jobs with robots| Business News

Amazon.com Inc. plans to replace more than half-a-million jobs in the United States with robots, the New York Times reported citing internal strategy documents and…

Continue Reading
Google loses $100 billion in market value after ChatGPT announces new browser
Posted in Business

Google loses $100 billion in market value after ChatGPT announces new browser

Google’s share declined by nearly 5 per cent as OpenAI unveiled its first artificial intelligence-powered web browser, ChatGPT Atlas, on Tuesday. This puts the ChatGPT…

Continue Reading
Key to ChatGPT Atlas would be memory, with OpenAI suggesting ChatGPT will remember key details from your web browsing. (Official image)
Posted in Business

Decoding OpenAI’s ChatGPT Atlas as AI browser risks emerge| Business News

This was rumoured since much before Perplexity rolled out the Comet, Opera released a subscription based Neon browser and Google as well as Microsoft talked…

Continue Reading
Microsoft CEO Satya Nadella. (File Photo)
Posted in Business

Microsoft CEO Satya Nadella gets nearly $100 million salary for ‘exception year’| Business News

Satya Nadella’s salary has jumped to the highest since he became Microsoft Corp.’s chief executive officer more than a decade ago, thanks to the progress…

Continue Reading
File photo of the headquarters of HDFC bank in Mumbai (REUTERS)
Posted in Business

Are banks open today? Why is stock market closed?| Business News

Banks in some cities, including Gujarat’s Ahmedabad, Karnataka’s Bengaluru, and Maharashtra’s Mumbai will remain closed today, Wednesday, October 22, on account of festivals linked to…

Continue Reading
US President Donald Trump said he spoke with Prime Minister Narendra Modi on Tuesday. (PTI file)
Posted in Business

India, US move closer to trade deal reducing tariffs on imports to 15-16%: Report

India and the US are nearing a long-stalled trade deal that would reduce American tariffs on Indian imports to 15 per cent to 16 per…

Continue Reading