Business

New York: Sam Altman, the CEO of OpenAI, is set to make a fortune when Reddit goes public, thanks to his early and consistent investments in the online forum company since 2014. According to the company’s prospectus, Altman has 9.2% of the…

New York: A momentous shift is under way in global markets as investors pull billions of dollars from China's sputtering economy, two decades after betting on the country as the world's biggest growth story. Much of that cash is now…

New Delhi: Biggest iPhone contract manufacturer Foxconn, also known as Hon Hai Precision Industry Co., is set to increase its presence in India through an additional investment of $1.6 billion in the country to set up factory, the media has…

New Delhi: In October 2023, India's combined exports of merchandise and services reached an estimated $62.26 billion, marking a remarkable 9.43 per cent growth compared to the same period in 2022, the data provided by the Narendra Modi…

Bengaluru: Wipro, India's fourth-largest IT services provider, is mandating that all its employees globally work from office at least thrice a week from this month, according to a company-wide email seen by Reuters on Tuesday.   Companies…

New York: WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.…

Mumbai: The Indian rupee is opened little changed to the US dollar on Wednesday, with traders weighing comments from Federal Reserve Chair Jerome Powell and awaiting the Reserve Bank of India's policy decision. The non-deliverable forwards…

Gujarat: Amul milk prices have been hiked by Rs 3 per litre from today, February 3. The increased prices are applicable on all variants, Gujarat Cooperative Milk Marketing Federation Limited said in a statement.“We would like to inform you…

New York: Apple Inc. is cutting Chief Executive Officer Tim Cook's compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay. As part of the changes, the percentage…

New Delhi: Amazon is shutting down Amazon Distribution, the company’s wholesale e-commerce website that caters to small neighbourhood stores in India. Amid an exercise to wind up certain verticals as part of global exercise to cut costs,…