Business

The government’s newly proposed regulations seek to classify breaches of online money gaming protocols as non-bailable violations, with accountability extending to all company personnel involved in facilitating such infractions, as per the draft guidelines issued on Thursday.The proposed regulations would authorise designated officers to conduct warrantless searches and arrests at any location, physical or digital,…

Airbus team with various union ministers (image posted by Piyush Goyal and S Jaishankar on X respectively) Airbus’ board members completed their four-day visit to India on Thursday. India represents a crucial market for the aerospace company, as confirmed by an official, as quoted by PTI.The board conducted their first meeting in India since beginning…

Warren Buffett-owned Berkshire Hathaway is set to acquire Occidental Petroleum’s chemical division, OxyChem, for $9.7 billion, marking possibly the last major deal under the billionaire investor who owns the firm, set to retire by year-end.Notably, Buffett’s name was absent from Thursday’s announcement materials, as reported by Associated Press, suggesting a transition of leadership to Vice…

The S&P 500 and Nasdaq indices reached unprecedented levels when markets opened on Thursday, driven by fresh optimism regarding potential interest rate reductions, whilst investors prepare for minimal economic data releases as the week concludes.At market opening, the Dow Jones Industrial Average gained 20.0 points, representing a 0.04% increase, reaching 46,461.11. The S&P 500 advanced…

Aravind Srinivas (Image credit: Instagram handle) Chennai-born Aravind Srinivas, 31, has emerged as India’s youngest billionaire, debuting on the M3M Hurun India Rich List 2025. As the founder and CEO of AI startup Perplexity, Srinivas is gaining recognition for his work in generative AI, having an estimated net worth of Rs 21,190 crore. Srinivas’ rise…

As if cyber frauds were not enough, you will now have to deal with another evil of the AI era, vibe hacking!Cybersecurity experts are warning that AI is increasingly being misused by criminals to launch sophisticated cyberattacks. What started as “vibe coding,” a way to harness AI for productive tasks, now has a darker side:…

The government is considering setting up a Rs 20,000 crore risk guarantee fund to encourage private sector participation in infrastructure projects, according to PTI sources. The proposed fund aims to share project risks, easing financial pressure on developers and boosting private investment. The sources said the National Credit Guarantee Trustee Company (NCGTC) is likely to…

The European Union is preparing to increase tariffs on steel imports as part of a push to protect local producers from cheap Asian steel and new trade barriers from the United States.The European Commission is expected to unveil a permanent plan next week, which will also slash the EU’s existing steel quotas for foreign steel…

ChatGPT maker OpenAI’s valuation has surged to $500 billion after employees and former staff cashed out $6.6 billion worth of shares in a secondary sale, a source familiar with the deal told Reuters. With this valuation, the AI giant has left behind SpaceX and ByteDance.The transaction lifts the artificial intelligence company’s value from $300 billion…

India’s oil market is seeing a mixed approach as state-owned and private refiners take contrasting strategies on Russian crude.State-run companies have cut back sharply while private refiners continue to take in supplies. In September, they imported an average of 605,000 barrels per day (bpd), 32% below their April–August average, 22% lower than August, and 45%…