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OpenAI closes $300 million funding round at $27 billion-$29 billion valuation-thumnail

OpenAI closes $300 million funding round at $27 billion-$29 billion valuation

The ChatGPT chatbot’s developer, OpenAI, reportedly completed a $300 million share sale at a $27 billion to $29 billion value. Venture Capital companies including Tiger Global, Sequoia Capital, Andreessen Horowitz,

Investment & Funding

Apr 29, 2023

China’s Currency Yuan Gaining Dominance in International Trade-thumnail

China’s Currency Yuan Gaining Dominance in International Trade

In recent years, China’s currency yuan, has been gradually gaining dominance around the world, with many countries starting to accept it as a means of payment for international trade. One

Finance

Apr 28, 2023

ACC on Hindenburg: Independent review found it in compliance with all laws-thumnail

ACC on Hindenburg: Independent review found it in compliance with all laws

ACC on Hindenburg: ACC, a company belonging to the Adani Group, has stated that an independent law firm has reviewed all transactions mentioned in the report by short-seller Hindenburg. In

Business

Apr 28, 2023

Bonds are used by the State Bank of India (SBI) to raise USD 750 million-thumnail

Bonds are used by the State Bank of India (SBI) to raise USD 750 million

The successful issuance, according to State Bank of India (SBI) Chairman Dinesh Khara, illustrates the bank’s substantial investor base in international capital markets. The largest lender in the nation, State

Finance

Apr 28, 2023

The Malaysian company Khazanah invests $40 million in Xpressbees-thumnail

The Malaysian company Khazanah invests $40 million in Xpressbees

Khazanah Nasional, the national wealth fund of Malaysia, purchased a 3% interest in the logistics company Xpressbees, which specializes in e-commerce, for $40 million through a secondary share sale, according

Investment & Funding

Apr 28, 2023

Hindustan Unilever Reports Strong Q4FY23 Results, Posts 12.74% YoY Rise in Net Profit-thumnail

Hindustan Unilever Reports Strong Q4FY23 Results, Posts 12.74% YoY Rise in Net Profit

Hindustan Unilever (HUL), a major FMCG company, has reported a consolidated net profit of INR 2,601 crore for the March quarter of the financial year 2022-23 (Q4FY23), up by 12.74%

Industry

Apr 27, 2023

“Documentaries Revitalized by OTTs and Film Festivals”-thumnail

“Documentaries Revitalized by OTTs and Film Festivals”

Indian documentaries are finally finding their place on the global stage, with films such as “Against the Tide,” “Writing with Fire,” and “All That Breathes” receiving recognition at prestigious film

Entertainment

Apr 27, 2023

Adani Group aims to raise about $800 mn for financing green energy projects-thumnail

Adani Group aims to raise about $800 mn for financing green energy projects

Adani Group, a ports-to-power conglomerate led by billionaire Gautam Adani, is reportedly in talks with global banks to raise funds for its green energy projects. According to sources familiar with

Business

Apr 27, 2023

Apple may reveal three new Macs at WWDC 2023-thumnail

Apple may reveal three new Macs at WWDC 2023

Apple is expected to announce three new desktop Macs at WWDC 2023, according to code uncovered by a Twitter user. Nicolas Alvarez claimed in a recent tweet to have uncovered

News

Apr 27, 2023

The growth of India’s economy will become increasingly important for US businesses: USIBC-thumnail

The growth of India’s economy will become increasingly important for US businesses: USIBC

The expansion of bilateral commercial relations may be one of the most crucial initiatives of the moment, according to the president of a leading American trade organisation, as a result

Finance

Apr 27, 2023

RBI removes restrictions on interest-earning foreign currency accounts in India’s IFSC-thumnail

RBI removes restrictions on interest-earning foreign currency accounts in India’s IFSC

The Reserve Bank of India (RBI) has removed restrictions on individuals opening interest-earning Foreign Currency Accounts (FCA) in India’s International Financial Services Centre (IFSC). This move is part of the

Finance

Apr 27, 2023

NPCI International partners with PPRO to develop digital payments infrastructure-thumnail

NPCI International partners with PPRO to develop digital payments infrastructure

To expand the use of RuPay cards and UPI, NPCI International Payments Limited (NIPL), a fully owned subsidiary of the National Payments Corporation of India (NPCI), has inked a binding

Finance

Apr 27, 2023


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