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Business / NewsBytes

OpenAI acquires AI recommendation start-up Crossing Minds

OpenAI has welcomed the team from Crossing Minds, a start-up that specializes in AI recommendation systems for e-commerce businesses.

27 Jun 2025 6:08 pm
EPFO members may soon withdraw EPF funds via ATM, UPI

The Employees' Provident Fund Organization (EPFO) is working on a plan to allow its members to withdraw their Employees' Provident Fund (EPF) money directly through ATMs or Unified Payments Interface (UPI).

27 Jun 2025 5:53 pm
Meta in advanced talks to acquire voice cloning start-up PlayAI

Meta, the parent company of Facebook and Instagram, is in advanced talks to acquire PlayAI, a voice cloning start-up, according to Bloomberg.

27 Jun 2025 5:36 pm
ICICI Prudential Life launches ULIP with just 1,000 monthly premium

ICICI Prudential Life Insurance has launched a new market-linked insurance product, the ICICI Pru Smart Insurance Plan Plus (SIP+).

27 Jun 2025 5:09 pm
Modi government waives 6L crore spectrum dues for defense, railways

The Indian government's Union Cabinet has approved a major one-time waiver of over 6 lakh crore in spectrum dues for certain government departments, including Defense, Railways, and Space.

27 Jun 2025 5:06 pm
Virat Kohli invests 40cr in sportswear brand Agilitas

Cricketing legend Virat Kohli has made a major investment of 40 crore in Agilitas, a Bengaluru-based sports goods manufacturing company, according to Moneycontrol.

27 Jun 2025 4:47 pm
Wakefit files for 468cr IPO; investors eye bumper exit

Wakefit Innovations, a Bengaluru-based start-up known for its direct-to-consumer (D2C) mattresses and home solutions, has filed draft papers for an initial public offering (IPO).

27 Jun 2025 4:44 pm
Tata plans 500cr trust for Air India crash victims' families

Tata Sons, the holding company of the $400-billion Tata Group, has proposed to set up a trust with an estimated allocation of 500 crore.

27 Jun 2025 4:26 pm
Laid-off after 23 years, Microsoft veteran still goes to office

Freddy Kristiansen, a 59-year-old former principal product manager at Microsoft, is still going to work at his Denmark office even after being laid off in May.

27 Jun 2025 3:48 pm
Nike warns Trump's tariffs could add $1B to costs

Nike has warned that the tariffs imposed by US President Donald Trump on key trading partners could add roughly $1 billion to its costs this year.

27 Jun 2025 2:24 pm
China fast-tracks rare earth shipments to US, easing trade tensions

The US and China have reached an agreement to speed up the shipment of rare earth minerals to the US.

27 Jun 2025 2:15 pm
Jio BlackRock gets SEBI approval to start broking operations

Jio BlackRock Broking has received approval from the Securities and Exchange Board of India (SEBI) to start its operations as a brokerage firm in India.

27 Jun 2025 1:09 pm
OYO's new hotel in Gurugram is straight out of Kyoto

OYO has launched India's first Japanese-themed hotel under its premium brand, SUNDAY.

27 Jun 2025 12:41 pm
Leadership change at SoftBank Group: Who will succeed Masayoshi Son?

Masayoshi Son, the CEO of SoftBank Group Corp., has indicated his readiness to eventually hand over the reins of the company.

27 Jun 2025 12:41 pm
Flipkart is using videos, livestreams to boost sales

Walmart-backed Flipkart is leveraging social videos and livestreams to win over young Indian consumers.

27 Jun 2025 12:20 pm
Rapido to use three-tier delivery pricing for its food service

Rapido, one of India's leading bike taxi services, is gearing up to enter the food delivery sector.

27 Jun 2025 11:56 am
FPIs pull over $1B from Indian debt securities in June

Foreign portfolio investors (FPIs) withdrew over $1.06 billion from Indian debt securities in June, following a massive outflow of $3.03 billion in April.

27 Jun 2025 11:15 am
Is Jeff Bezos trying to leverage fallout between Trump, Musk?

Jeff Bezos, the founder of Amazon and space exploration company Blue Origin, is reportedly trying to leverage the recent fallout between President Donald Trump and Elon Musk.

27 Jun 2025 11:14 am
Intel to shut down automotive unit, lay-off majority of staff

Intel will shut down its automotive business and lay off the majority of its employees in that segment.

27 Jun 2025 10:45 am
Musk fires Tesla's head of operations amid declining sales

Elon Musk has fired Omead Afshar, Tesla's head of manufacturing and operations for North America and Europe.

27 Jun 2025 9:50 am
As AI steals traffic, Google offers publishers a revenue lifeline

Google has launched a new tool, Offerwall, to help publishers generate revenue amid declining traffic due to its AI search features.

27 Jun 2025 8:27 am
Air India crash triggers surge in therapy requests from travelers

The recent Air India plane crash in Ahmedabad has triggered a wave of panic among Indian flyers.

26 Jun 2025 8:07 pm
Amazon's anti-counterfeit team helped company secure over $180M in penalties

Amazon's Counterfeit Crimes Unit (CCU) has helped the company secure over $180 million in court-ordered penalties and 65 criminal convictions worldwide.

26 Jun 2025 6:59 pm
HDFC Bank cuts FD interest rates: 2nd revision in June

HDFC Bank has reduced the interest rates on select fixed deposit (FD) tenures by 25 basis points (bps), effective from June 25.

26 Jun 2025 6:26 pm
NATO's defense spending boost sparks rally in these Indian stocks

The North Atlantic Treaty Organization (NATO) leaders have pledged to increase their defense spending, a move that has led to a rally in Indian defense stocks.

26 Jun 2025 5:31 pm
Bezos-Sanchez's wedding: 90 private jets, over 40M spent, and more

Founder of Amazon, Jeff Bezos, and his journalist fiance, Lauren Sanchez, have arrived in Venice for their upcoming wedding.

26 Jun 2025 5:24 pm
Noida-based drone maker Raphe mPhibr secures $100M funding

Noida-based defense-tech and aerospace start-up, Raphe mPhibr, has raised $100 million in a funding round led by General Catalyst.

26 Jun 2025 4:40 pm
India's digital consumer market to surpass $1 trillion by 2030

India's digital consumer market is expected to surpass the $1 trillion mark by 2030, a new report from Bessemer Venture Partners has said.

26 Jun 2025 3:58 pm
No more dropped calls on trains, UK aims for fix

Network Rail, the government-owned body responsible for Britain's railway infrastructure, has announced a major project to eliminate mobile phone blackspots on key railway lines and tunnels by 2028.

26 Jun 2025 3:40 pm
PhonePe enters co-branded credit card space with HDFC Bank

In a strategic move, PhonePe and HDFC Bank have launched the 'PhonePe HDFC Bank Co-branded Credit Card' on the RuPay network.

26 Jun 2025 3:19 pm
India approves Mounjaro KwikPen for diabetes and obesity treatment

Eli Lilly has received regulatory approval from the Central Drugs Standard Control Organization (CDSCO) for its diabetes and weight-loss drug, Mounjaro.

26 Jun 2025 2:44 pm
Authors sue Microsoft for using their books to train AI

A group of authors has filed a lawsuit against Microsoft, accusing the tech giant of using their books without permission to train its Megatron artificial intelligence model.

26 Jun 2025 12:05 pm
SEBI fines BSE 25L for unequal access to corporate disclosures

The Securities and Exchange Board of India (SEBI) has imposed a fine of 25 lakh on the Bombay Stock Exchange (BSE).

26 Jun 2025 11:16 am
NVIDIA just became the world's most valuable company

NVIDIA has become the world's most valuable company, overtaking tech giants Microsoft and Apple.

26 Jun 2025 10:19 am
Billionaires' wealth increased by $6,500B in the last 10 years

The wealth of the world's 3,000 billionaires has increased by a staggering $6,500 billion (4,800 billion) in real terms over the last decade, according to a report by the NGO, Oxfam.

26 Jun 2025 9:54 am
Iyo vs Io: Altman reveals how the trademark dispute unfolded

Sam Altman, the CEO of OpenAI, has publicly shared private conversations leading up to a lawsuit against his company.

26 Jun 2025 9:40 am
Is Shell planning an $80B takeover of BP?

British multinational oil and gas company Shell has reportedly denied being in early-stage talks to acquire rival British Petroleum (BP) in a potential mega-merger, despite earlier reports suggesting otherwise.

26 Jun 2025 9:20 am
Panasonic stops selling washing machines, refrigerators in India: Here's why

Panasonic is downsizing its consumer electronics business in India, exiting unprofitable categories such as refrigerators and washing machines.

26 Jun 2025 8:56 am
Meta wins AI copyright lawsuitbut fair use boundaries remain uncertain

A US District Court judge has dismissed a copyright infringement lawsuit against Meta, the parent company of Facebook.

26 Jun 2025 8:47 am
Dating app Bumble has laid off 30% of its workforce

Bumble, the popular dating app, has announced a major round of layoffs. The company will be parting ways with around 240 employees, which is nearly 30% of its global workforce.

25 Jun 2025 8:11 pm
Cognizant to invest 1,500cr in Andhra Pradesh, create 8,000 jobs

IT giant Cognizant has announced plans to establish a new campus in Andhra Pradesh.

25 Jun 2025 7:29 pm
You can now buy Delhi Metro tickets on Rapido

In a major development for urban mobility in the National Capital Region (NCR), Rapido has partnered with the Delhi Metro Rail Corporation (DMRC) and the Open Network for Digital Commerce (ONDC).

25 Jun 2025 7:29 pm
Sunjay Kapur wanted a 'blended' family; had created 10-year plan

Sunjay Kapur, who recently died in a freak accident, had spoken about a 10-year plan for his future.

25 Jun 2025 5:56 pm
This is Mukesh Ambani's vision for Reliance Industries

Mukesh Ambani, Chairman of Reliance Industries, has opened up about his plan for the company in an interview with McKinsey.

25 Jun 2025 5:42 pm
After Sunjay Kapur's death, wife Priya joins Sona Comstar board

Sunjay Kapur, the chairman of Sona Comstar and a prominent figure in the automotive technology industry, died at the age of 53 earlier this month.

25 Jun 2025 5:01 pm
This was the 'biggest risk' of Mukesh Ambani's life

Mukesh Ambani, the billionaire industrialist and Chairman of Reliance Industries, has called the launch of Reliance Jio in 2016 as the iggest risk of his life.

25 Jun 2025 4:25 pm
Provident fund online claim rules changed: How it affects you?

The Employees' Provident Fund Organisation (EPFO) has simplified its online claim process by removing the requirement of uploading a scanned image of a cheque or bank passbook.

25 Jun 2025 4:24 pm
Apple dominates India's PC and tablet market in Q1 2025

Apple has become the second-largest tablet brand in India. It recorded a 27% year-on-year increase in its market share, which now stands at 16%.

25 Jun 2025 2:05 pm
Railway stocks in India are jumping today: What's fueling rally?

Stocks of railway companies saw an uptick in today's trading session.

25 Jun 2025 2:04 pm
Why CEO Huang offloaded NVIDIA shares worth almost $15M

Jensen Huang, the CEO of NVIDIA Corporation, has sold 100,000 stocks of the company.

25 Jun 2025 2:04 pm