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'Delhi has more substance': CEO says Bengaluru not best place for startups

Updated on Oct 9, 2024 11:39 IST

Shantanu Deshpande is the founder and CEO of Bombay Shaving Company.

DA hike for central govt employees may come soon after Union Cabinet meeting

DA is applicable to all the currently serving employees while DR is appplicable to all pensioners. Both are to adjust the salary or pension to the increasing cost of living, driven by inflation.

Published on Oct 9, 2024 08:20 IST

RBI just opened the door to first rate cut in 4 years: All you need to know

Bonds and stocks rise as RBI adjusts policy stance; Governor Das emphasizes caution despite confidence in aligning inflation with targets.

Published on Oct 9, 2024 08:10 IST

Samsung India workers reject settlement as strike enters second month: Updates

Samsung workers in Tamil Nadu are in their second month of striking, rejecting a settlement offer that fails to recognize their union. The dispute disrupts production and highlights challenges in attracting foreign investment amid labor unrest.

Published on Oct 9, 2024 07:23 IST

Shloka Mehta's father, diamond tycoon Russell Mehta, opens up on layoffs

Russell Mehta and Mona Mehta have three children: Viraj, Shloka and Diya.

Updated on Oct 9, 2024 08:26 IST

Credit card charges increased for SBI Card: Find new rates, dates, other details

SBI Card has revised finance charges from 3.50% per month to 3.75% per month, effective from November 1, 2024.

Published on Oct 9, 2024 07:15 IST

UPI Lite per transaction limit hiked to ₹1,000; UPI Lite wallet limit raised

The Reserve Bank of India has increased UPI lite transaction limit to <span class='webrupee'>₹</span>1,000 and wallet limit to <span class='webrupee'>₹</span>5,000. Additionally, UPI 123PAY limit is now <span class='webrupee'>₹</span>10,000. These steps aim to promote digital payment inclusivity.

Updated on Oct 9, 2024 05:52 IST

RBI projects 7.2% GDP growth for FY25, CPI inflation to moderate at 4.5%

Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement.

Published on Oct 9, 2024 05:46 IST

Home loan customers may have to wait till December for EMI cut, RBI holds rates

The repo rate has remained completely unchanged so far at 6.5% since February 2023

Updated on Oct 9, 2024 05:52 IST

'Age-reversing’ CEO to visit India soon? But his Hindi hashtag sparks confusion

The image shows ‘age-reversing’ millionaire Bryan Johnson, who wants to become 18 again.

Published on Oct 9, 2024 05:19 IST

Sensex surges 500 points as RBI MPC changes stance to 'neutral'

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.

Published on Oct 9, 2024 04:58 IST

RBI holds rates as expected, shifts stance to 'neutral': Experts weigh in

The committee, however, changed its policy stance to "neutral" from "withdrawal of accommodation".

Published on Oct 9, 2024 04:52 IST

Gold Rate Today 09-10-2024: Check latest prices in your city

Gold silver image

Published on Oct 9, 2024 04:45 IST

Will Sundar Pichai be forced to breakup Google? Landmark case in US court

The US is considering legal action to force Google to divest parts of its business due to its illegal monopoly in search. Proposed changes could impact how information is accessed online and foster competition against Google.

Updated on Oct 9, 2024 03:58 IST

Boeing halts talks, withdraws pay offer to striking union

Boeing has pulled its pay proposal for 33,000 factory workers as a strike continues. Talks with union representatives ended without resolution, and Boeing is now seeking alternative funding amid financial challenges. The union is demanding a significant pay increase and pension restoration.

Published on Oct 9, 2024 03:50 IST

Hyundai prices $3 billion India IPO at 1,865-1,960 rupees per share

Hyundai Motor India sets its IPO price between 1,865 and 1,960 rupees, launching next week. Eligible employees will receive a 186 rupee discount. The $3 billion IPO, the largest in India, opens for institutional subscriptions on Oct. 14 and retail bids from Oct. 15-17.

Published on Oct 9, 2024 03:43 IST

Hindenburg shorts Roblox: What are the allegations against the company?

Published on Oct 9, 2024 03:30 IST

RBI MPC Highlights: Repo rate unchanged at 6.5%, stance changed to ‘Neutral’

RBI MPC Highlights: Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy Statement, in Mumbai.

Updated on Oct 9, 2024 08:07 IST

Sam Altman ‘excited’ as OpenAI starts hiring in this country for 2nd Asia office

OpenAI CEO Sam Altman speaks during the Microsoft Build conference at the Seattle Convention Center Summit Building in Seattle, Washington.

Published on Oct 9, 2024 02:00 IST

Bhavish Aggarwal-Kunal Kamra spat: Harsh Goenka tags Ola CEO in ‘kamra’ post

Harsh Goenka’s X post on Bhavish Aggarwal and Kunal Kamra's online spat has left people chuckling.

Published on Oct 9, 2024 24:42 IST

To insulate reality from Gen AI, Adobe’s content authenticity web app takes shape

For representational purposes only. (Image from Adobe)

Updated on Oct 8, 2024 13:12 IST

Illegal to market 'miraculous' effects for Ayurveda, Siddha drugs: Ayush Min

It is illegal to advertise ASU&H drugs claiming miraculous or supernatural effects for the treatment of diseases

Published on Oct 8, 2024 11:28 IST

Uber to launch AI assistant powered by OpenAI GPT-4o for drivers to go electric

The AI assistant, based on OpenAI's GPT-4o, was unveiled at Uber's Go-Get Zero event in London on Tuesday

Published on Oct 8, 2024 11:05 IST

PepsiCo posts surprise drop in quarterly revenue, cuts sales forecast

Pepsico's third-quarter revenue fell to $23.32 billion, down from $23.45 billion, leading to a lowered forecast for 2024 organic sales growth. The company attributes the decline to cautious consumer spending on sodas and snacks.

Published on Oct 8, 2024 10:05 IST

Nvidia partner Hon Hai boosts capacity to meet ‘crazy’ AI demand

Hon Hai Precision Industry Co. aims to increase server capacity amid high demand for Nvidia chips. Chairman Liu highlighted the unexpected growth for Blackwell chips and announced a new assembly facility in Mexico, although production delays for GB200 servers were confirmed.

Published on Oct 8, 2024 09:20 IST

A look at India's biggest IPOs of 2024

India's IPO market is thriving, with over 260 companies raising $9 billion in 2024.

Published on Oct 8, 2024 08:52 IST

Foxconn building Nvidia superchip facility in Mexico: All you need to know

Foxconn is building the world's largest facility for Nvidia's GB200 superchips in Mexico, driven by AI demand. The company plans to expand its manufacturing capabilities while also focusing on electric vehicle production and diversifying its tech offerings.

Published on Oct 8, 2024 08:03 IST

Ola Electric falls over 6% after notice on misleading ads

Ola Electric Mobility's stock fell 6% following a show cause notice from the Central Consumer Protection Authority for misleading advertising. The decline continues amid service quality complaints and a social media controversy involving the CEO, leading to a 46% drop from its post-listing high.

Published on Oct 8, 2024 07:12 IST

Zomato's Deepinder Goyal orders from Swiggy? 'Never opened anybody else’s app'

Deepinder Goyal, Zomato's founder, revealed he has never used Swiggy, reflecting on Zomato's competitive stance. He mentioned his exit from Shark Tank India due to Swiggy's sponsorship and recalled Zomato's financial struggles in 2018 amid Swiggy's $1 billion funding.

Published on Oct 8, 2024 06:18 IST

Cognizant discriminated against non-Indian workers, US jury says

Cognizant was found guilty of discriminatory practices against non-Indian employees by a US jury, which has mandated punitive damages. The firm intends to appeal, claiming compliance with US laws and a commitment to diversity despite allegations from former employees.

Published on Oct 8, 2024 04:50 IST

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