Must Read
Adani Green Energy to withdraw from Sri Lanka wind power projects, open to future collaboration
Nestlé plans to bring ready-to-drink Starbucks coffees outside its cafes
Aditya Birla Housing Finance secures ₹830 crore from IFC to boost affordable housing
SEBI rejects US-based Danny Gaekwad's bid to pick up 26% stake in Religare Enterprises
Zomato's loss of 15% in less than a day...A top investor explains why stock's losing value
Export hub to support other geographies: ABB CEO sees India becoming its third largest market
Reliance Retail Ventures PAT rise 10% driven by JioMart, grocery business in Q3 FY25
Infosys likely to issue salary hike by Feb-end, average raise to range from 5-8%
This decision comes as the demand environment picks up, with Infosys positioning itself to capitalise on the expected rise in IT spending
Money is a nightmare, says tech millionaire Bryan Johnson to Nikhil Kamath
Nikhil Kamath asked Bryan Johnson if he could have it another way, with no money and no importance that comes with it, would he prefer it.
Bengaluru techie compares stint at top IT firm to 'unchained slavery'
Despite the company's philanthropic image, employees often joked that the generosity could have been better spent on staff welfare and pay.
Mohandas Pai slams stagnation in entry-level IT salaries as CEO gets ₹50 crore
He claims the industry has exploited freshers for over a decade, with stagnant wages hitting the bottom 50% of employees.
corporates
Zepto sets up new entity to streamline operations, IPO expected within four months, says report
Zepto Marketplace Private Limited was officially registered on 22 October, 2024
Sebi bars LS Industries from securities market for 'stock manipulation'
Sebi has issued a temporary order prohibiting LS Industries Ltd (LSIL), along with its promoters and key individuals, from engaging in the trading of its shares and participating in the securities market until further notice, due to allegations of manipulating stock prices
ITC doubles down on frozen foods biz, plans to acquire Prasuma for ₹300 crore
According to Hemant Malik, Wholetime Director, ITC, the addition of Prasuma into ITC’s portfolio will help it build a full stack of frozen and ready-to-cook foods portfolio. The move aligns with its ITC Next strategy coined by its Chairman Sanjiv Puri
Centre eyes completing IDBI Bank disinvestment by mid-2025
As part of the disinvestment of IDBI Bank, the Centre along with Life Insurance Corporation of India will sell 61% stake in the lender, along with the management control. This includes 30.48% stake of the Government of India and 30.24% of LIC
Bombay Shaving Company founder exposes India’s widening wealth gap
Shantanu Deshpande refuses to hold back while discussing the wealth divide, highlighting how just 2,000 families control 18% of India’s wealth yet contribute far less than 1.8% of the country’s taxes
technology
OpenAI board rejects Elon Musk’s takeover bid
The
ChatGPT maker said Musk’s $97.4 billion offer was “not in the best interests” of the
company.
ChatGPT: Will you be my Valentine?
Behind the Valentine’s plans and relationships of chatbot users who fell in love with AI.
Chip maker EnCharge raises $100M in Series B round, aims to slash AI energy usage
The DARPA-backed startup has developed
chips using a unique technology that requires significantly lower amounts of energy to run AI
models compared to market-leading options.
Analysis: Elon vs. Sam is good for US AI progress
The intensifying rivalry between the
two tech CEOs aids the US in its AI race against China.
US, UK refuse to sign AI safety declaration at international summit
More than 60 governments including
China and the European Union signed the communique Tuesday at an AI summit in Paris.
Elon Musk’s surprise OpenAI bid reflects debate over the tech’s future
The tech billionaire’s gambit is the
latest episode in the grudge match between him and the AI firm he helped found.
leaders
Anupam Mittal on his Shark Tank India investments: 5 of them earning over ₹50 crore annual revenue
The Shark Tank India judge and the founder-CEO of Shaadi.com spills the beans on the returns he's yielded on some of his investments
Bank mein sirf ₹75,000 the...Vedanta's Anil Agarwal on buying his first flat in Mumbai
Despite financial constraints, he aimed to buy a flat in Malabar Hill, near Peddar Road, where Mumbai's elite lived, rather than the suburbs.
Zoho founder Sridhar Vembu steps down as CEO. He is surprising on his new role revealed
The leadership baton at Zoho has now been passed to Shailesh Kumar Davey, the company’s co-founder, marking a transition in the organization’s management.
gulf
Saudi Arabia and the UAE vie to become Ukraine peace summit destinations
The two Gulf countries are aiming
to position themselves as mediators as US President Donald Trump pushes for a resolution to end
the conflict.
Musk’s Boring Company plans to build tunnel system in Dubai
The tunnel would be similar to an
existing one in Las Vegas, part of the Emirati city’s efforts to ease traffic congestion.
Six Flags to operate two major amusement parks in Riyadh
The parks will be part of the $9.8
billion Qiddiya City, one of Saudi Arabia’s Vision 2030 giga-projects, aimed to boost tourism
and diversify the economy.
Analysis: Trump’s diplomatic blitzkrieg leaves Arab States reeling
Trump’s rapid-fire approach to foreign
policy has left Washington’s Arab allies scrambling to respond.
UAE carrier Emirates eyes growth despite jet delivery delays
The airline is one of Dubai’s largest
employers and a key pillar of the emirate’s economic growth plan.
africa
Nigeria-born banking startups target emerging market gig workers
The
companies offer international money transfers with paperless accounts.
Seven African countries to be hit hardest by Trump’s USAID cuts
The
Trump administration’s cuts to USAID could trigger “a potentially massive economic shock,”
researchers said.
African Union needs ‘urgent reform’ after leadership elections as US steps back
The Trump administration’s decision to
end vital aid projects on the continent leaves a vacuum that the AU could fill.
South Africa might bypass Black ownership rules for Musk
Government officials have discussed
enabling Elon Musk’s companies to sidestep a policy aimed at redressing apartheid-era
inequalities.
Analysis: Why Africa must — and can — build its own AI giants
This is Africa’s AI moment and we must
think bigger, with more ambition.
USAID’s dismantling threatens African development
Washington’s main foreign aid body is
reportedly set to cut its staff of 10,000 to about 300, with only about a dozen workers left to
focus on Africa.
media
Mixed Signals: How Fox is embracing the creator economy, with Red Seat’s Chris Balfe
Is the future of media one where
big media companies no longer have control over their talent?
Innovating to Restore Trust in News: A National Summit
The movement to shape a new era of
trusted journalism.
New York Magazine partnered with anti-psychedelics activists on MDMA series
The group, Psymposia, is coming under
greater scrutiny for its at times aggressive tactics.
Mark Halperin’s media startup adds talent
2WAY raised a $4 million seed round
that closed in December.
‘Almost like surrender’: Steve Bannon on the media in Trump’s ‘Days of Thunder’
Has the zone been flooded? “Of course.
It’s worked.”
security
At least 28 injured in suspected car-ramming attack in Munich
The incident happened about a mile away
from the venue of the Munich Security Conference, which is set to begin Friday.
Russia to target Americans with ‘nuclear winter’ propaganda, Estonia intelligence says
The Kremlin plans to resurrect Cold
War-era concerns about the contested nuclear winter theory to reduce US support for Ukraine,
Estonian intelligence said.
Europe mulls toughening defense as US isolationism grows
On the agenda for Monday’s talks will
be the ramping up of joint defense spending and the issue of whether future military systems
should be made in Europe.