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SpaceX CEO Elon Musk | AP
Elon Musk quits OpenAI group to avoid conflict with Tesla

SpaceX and Tesla CEO Elon Musk has quit the board of OpenAI, a non-profit artificial intelligence research company he co-founded that aims to promote and develop friendly AI.

36 minutes ago

Royal Bank of Scotland | Reuters File Photo
Royal Bank of Scotland posts first profit in a decade

The bank's 752 million pound profit beat a company-provided average of analyst forecasts for a 592 million pound loss.

40 minutes ago

Kylie Jenner (File Photo | AP)
American reality TV star Kylie Jenner's negative tweet on Snapchat costs messaging app-giant USD 1.5 billion

Following the tweet, which was liked more than 295,000 times, Snap Inc's stock price plummeted and the estimated loss in market value added up to about USD 1.5 billion.

47 minutes ago

Image used for representational purpose
U.S. tells India to cut tariffs as trade friction heats up

U.S. businesses and diplomats are pressing India to cut tariffs, industry and government sources say, after the move to increase customs duties on dozens of products.

1 hour ago

ED freezes Rs 30 crore in bank accounts & shares worth Rs 13.86 crore held in a Nirav Modi Company. (Twitter Photo : @
PNB fraud: ED freezes deposits, shares worth Rs 44 crore of Nirav Modi group

A huge collection of imported watches, 176 steel almirahs, 158 boxes and 60 other containers have been seized during ED searches at multiple locations.

2 hours ago

Malvinder Singh and Shivinder singh, the original promoters of Fortis Healthcare | PTI
Not going anywhere, trying to get back Fortis on track: Singh brothers

Under pressure, billionaire Singh Brothers, Malvinder and Shivinder, today said they were "not going anywhere", as they face payment of Rs 3,500 crore arbitration award to Daiichi Sankyo.

2 hours ago

For representational purposes (File | Reuters)
Sensex jumps 107 points as March F&O series opens strong

Key Indian equity indices on Friday opened on a higher note with healthy buying in metals, consumer durables, banking and auto stocks.

3 hours ago

Image used for representational purpose
Sembcorp Industries to raise USD 380 million from asset sales, plans India energy IPO

Singapore's Sembcorp Industries said it expects to raise about USD 380 million from the sale of some utility assets and plans to list its Indian energy business.

5 hours ago

BMW logo (File photo | AFP)
BMW settles U.S. claims it refused lease refunds to military personnel

BMW agreed to pay more than USD 2.2 million to settle U.S. government claims that it failed to provide required refunds to 492 military personnel.

6 hours ago

Image used for representational purpose
HP Inc results beat estimates, raises 2018 profit forecast

HP Inc reported first-quarter revenue and profit on Thursday above Wall Street estimates as it sold more personal computers and printers, helping the company raise its full-year profit forecast.

6 hours ago

Home rental service Airbnb Inc
Stymied by regulators, Airbnb looks to luxury vacations, hotels for growth

Airbnb is rolling out new services aimed at attracting travellers looking for luxury accommodations and traditional hotels, the latest move to contend with sputtering growth.

6 hours ago

A file image of Chief Minister N Chandrababu Naidu meeting Kia Motors representatives at the State Secretariat on Wednesday | Express
Andhra Pradesh: South Korean automobile giant Kia Motors doubles Anantapur investment to $2 billion

Chief Minister N Chandrababu Naidu said he had “big plans” for the automaker which celebrated its framework installation ceremony in Yerramanchi village of AP.

8 hours ago

Gitanjali Gems
Gitanjali Gems scrip falls 58 per cent in one week

Gitanjali Gems continued to be battered with shares hitting a lifetime low, falling for the seventh straight session and were locked in the 5 per cent lower circuit.

8 hours ago

The logo of Punjab National Bank is seen outside of a branch of the bank. (Photo | Reuters)
Punjab National Bank hits back at Nirav Modi

Nirav Modi claimed that the dues owed by him to PNB was less than Rs 5,000 crore and not Rs 11,400 crore as was publicised.

8 hours ago

Goldman cuts PSBs’ earnings forecasts

Notwithstanding the cuts, Goldman still sees an upside for public-sector bank shareholders with its new price targets.

8 hours ago

Union Finance Minister Arun Jaitley. (File | PTI)
Government wants auditors to be audited

The mood of the government became apparent when Finance Minister Arun Jaitley lashed out at auditors in his first reaction to the scam.

9 hours ago

For representational purposes
Knee-jerk reaction of banks hurting industry: FIEO Director General Ajay Sahai

Sahai linked the steady fall rupee values on the currency markets over the last few days to the drying up of credit.

9 hours ago

Air India (File photo | Reuters)
Four options for government ownership in Air India

The proposed EoI will also address the issue of Air India’s employees and their future, the official said.

9 hours ago

For representational purposes
Despite losses, Uber to stay invested in India

Uber will continue to invest in India, its CEO Dara Khosrowshahi said here on Thursday during his first trip to the country.

9 hours ago

Gitanjali Gems (File photo)
Rs 300 crore franchisee rip-off by Gitanjali that bothered no one

Gitanjali Gems’ franchisees, over 200 of them across India, were also cheated, forcing most of them to shut shop. 

11 hours ago

The logo of Punjab National Bank is seen on the facade of its office in Mumbai. (Photo | Reuters)
Nirav Modi fraud case could trigger prompt corrective action on Punjab National Bank: Kotak report 

The state-run lender had detected fraudulent transactions worth USD 1.77 billion (Rs 11,400 crore) at one of its branches in Mumbai.

18 hours ago