Category: Business News & Economy

BMC moves to regulate commercial sports turfs on civic plots to charge 1% of land rate.

A new lawsuit claims Anthropic, OpenAI, SpaceXAI and Google made an illegal deal to slow the pace of their respective AI development. The lawsuit, which was filed Friday in the US District Court for the Northern District of California, argues that the leading AI companies violated antitrust laws when they agreed to coordinate slowdown efforts,…

Indian pilots are urging a thorough investigation into the Boeing 787’s electrical systems. This follows a fatal Air India crash which killed 260 people last year. Evidence of chronic system failures has reportedly been shared with the probe agency. The Federation of Indian Pilots wants a detailed examination of all electronic components. This comprehensive evaluation…

The government has announced the Semicon 2.0 scheme with an incentive of around Rs 1.27 lakh crore or USD 13.5 billion to build the semiconductor ecosystem. Union Minister Ashwini Vaishnaw said investment proposals worth USD 12 billion are likely to come under the new scheme for chip production.

Chris Broomfield transformed five acres into a thriving hospitality business. His first A-frame cabin generated significant revenue after its 2018 listing. Subsequent unique cabins, like a treehouse, also achieved substantial financial success. Broomfield’s ventures have now earned over $2.1 million in total revenue. He continues to expand his cabin empire for his family’s future.

Canada confirmed its first spotted lanternfly detection in Windsor, Ontario. Movement restrictions are now in place to prevent further spread of this invasive species. Surrounding areas are under surveillance to assess the infestation’s extent. This pest poses significant risks to agriculture and forestry industries. Early detection and reporting are crucial for managing its impact.

The abetment of suicide case involving an IIT-Bombay student has been transferred to the crime branch. An FIR was registered after the student’s parents alleged casteist slurs and harassment. The student was found dead in his hostel room on Friday. His parents refused to claim the body until accused persons were arrested. The investigation is…

Why the Fed hiked into a supply shock?

Finance Ministry will meet bank executives on Monday. They will discuss continuity of banking operations during a three-day strike. The United Forum of Bank Unions called the strike for September 28. This strike will impact banking services for five days. Bank unions demand a five-day banking week and pension updates.

Chandrasekaran said the world is full to its brim with possibilities, though it is rapidly changing, disruptive and is increasingly becoming AI-led.