Amazon pumped $4 billion into OpenAI competitor Anthropic in November last year in a bid to capitalize on the generative artificial intelligence technology. The move doubled Amazon’s investment in the firm. The investment under consideration will help Amazon retain its…
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The government is likely to provide Rs 30,000-35,000 crore in subsidies to IOC, BPCL, and HPCL to offset losses incurred from selling LPG below cost over the past 15 months. The finance ministry is determining the exact under-recovery amount and…
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India’s business outlook remained broadly positive in June 2025 despite private sector confidence dipping to a one-year low, with the HSBC Net Balance falling to +25%. Firms were upbeat on hiring and capex, but sentiment around R&D turned negative, and…
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The valuation reflects a range of factors, including the rise of its fast-growing Starlink satellite internet unit, which people familiar with the matter said accounts for more than half of SpaceX’s annual revenue, and the company’s ability to achieve new…
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Federal Bank has elevated CFO Venkatraman Venkateswaran to Executive Director, effective July 10, 2025. His appointment follows the resignation of Shalini Warrier, who stepped down to pursue entrepreneurial opportunities.
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Companies are preparing for increased sales in smaller Indian cities. Amazon, Meesho, and Flipkart are expanding delivery networks. Nykaa, Titan, and electronics firms are also focusing on these markets. They anticipate higher demand in tier-2, -3, and -4 cities during…
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