Under the TikTok US sale terms, ByteDance will license its AI recommendation technology to a newly created US TikTok entity, which will use the existing algorithm to retrain a new system that is secured by Oracle, TikTok’s cloud partner. (AFP)
Posted in Business

TikTok signs deal to sell US unit to Oracle-led investor group| Business News

TikTok’s Chinese owner ByteDance Ltd. has signed binding agreements with three major investors to sell just over 80% of US assets to American and global…

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Posted in Economy

Parliament clears VB-G RAM G Bill, replacing MGNREGA amid Opposition protests

Parliament on Friday passed the Viksit Bharat–Gramin Rozgar Aur Maanav Garima (VB-G RAM G) Bill through a voice vote amid protests by opposition parties, which…

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Posted in Economy

Securities Market Code Bill for boosting Sebi power, accountability

New Delhi: Finance minister Nirmala Sitharaman on Thursday introduced in the Lok Sabha the Securities Market Code Bill that proposes to expand capital market watchdog…

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Oman Pact to Give $2-b Boost to Exports
Posted in Economy

India gets unprecedented market access in Oman trade pact

NEW DELHI: India and Oman signed a Comprehensive Economic Partnership Agreement (CEPA) on Thursday, which will provide duty free access to 98% of India’s exports…

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Posted in Economy

Three-month timeline for NCLAT to improve quality of judgement: Baijayant Panda

New Delhi: The Parliamentary select committee’s proposal to stipulate a strict three-month timeline for the National Company Law Appellate Tribunal (NCLAT) to dispose of insolvency…

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Posted in Economy

FTA shield in turbulent times: How India is locking in growth as global tariff walls rise

In a year defined by shifting global alliances and the rise of protectionist trade barriers, India has successfully anchored its economic growth through a strategic…

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Posted in Economy

India-Oman joint statement outlines roadmap for deeper cooperation across trade, energy, maritime security and people-to-people ties

India and Oman on Thursday signed a Comprehensive Economic Partnership Agreement (CEPA) during Prime Minister Narendra Modi’s official visit to the Sultanate from December 17-18,…

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WorkIndia raises Rs 97 crore in round led by Aavishkaar Capital
Posted in Startups

WorkIndia raises Rs 97 crore in round led by Aavishkaar Capital

WorkIndia, a recruitment platform for blue- and grey-collar workers, has raised Rs 97 crore in its latest funding round led by Aavishkaar Capital. Beenext Capital…

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Posted in Economy

Centre approves Rs 887 crore Mumbai Marina development

The centre has approved development of ‘a world-class’ Marina in Mumbai Harbour at an estimated cost of Rs 887 crore. An official statement said the…

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Posted in Economy

India’s agri, processed food items to get duty-free access to Oman under trade pact

New Delhi, A host of India’s agricultural and processed food items, like natural honey, cashew, potatoes, boneless meat and bakery products, will get duty-free access…

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