JUNE 9, 2023
Mumbai: TVS Credit Services, a Chennai-based non-banking financial company (NBFC), has secured Rs. 480 crores in equity capital from Premji Invest. As part of this transaction, Premji Invest will acquire a 9.7% equity stake in TVS Credit, amounting to Rs. 737 crores, through a combination of primary and secondary investments.
This capital infusion will support TVS Credit's strategic...
JUNE 9, 2023
NEW DELHI: Prime Minister Narendra Modi held a meeting with OpenAI CEO Sam Altman and said on Friday that artificial intelligence’s (AI’s) potential in enhancing India’s tech ecosystem is vast, among the youth in particular. “We welcome all collaborations that can accelerate our digital transformation for empowering our citizens,” he tweeted, describing the conversation with Altman as...
JUNE 9, 2023
Former British prime minister Boris Johnson on Friday (June 9) resigned as Member of the Parliament. He has accused parliamentary probe into 'partygate' of driving him out.
Johnson, 58, said he was stepping down with immediate effect "triggering an immediate by-election" in his marginal seat, which heaps political pressure on his successor Rishi Sunak.
Johnson had been sparring with...
JUNE 9, 2023
‘Biparjoy’, the ‘very severe’ cyclonic storm spiralling in the Arabian Sea, is likely to gain intensity over the next three days but remain away from the Indian coast as it moves north-northwestwards. The powerful storm has been rapidly intensifying with warm sea temperatures fuelling its strength, said the India Meteorological Department.
“We do not expect any direct impact...
JUNE 7, 2023
He does not budge, even as some economic data indicate that the economy is likely to escape recession.
For Elon Musk, the entrepreneur behind at least five companies -- Tesla, SpaceX, Twitter, Neuralink and Boring Co. -- the U.S. economy is already in recession.
The question, he says, is whether this period of weaker economic activity will worsen. This...
JUNE 5, 2023
Chinese youth flock a job fair in Chongqing Municipality on April 11, 2023. - Zhao Junchao—Feature China/Future Publishing/Getty Images
Jason Lu’s parents never went to university. So when the 25-year-old was accepted into a masters program studying translation in Shanghai, they were “very proud,” he says, hoping that his qualifications would one day lead to a good job....
JUNE 5, 2023
Apple Worldwide Developers Conference, in Cupertino.
Analysts lauded Apple's Vision Pro on Tuesday for its impressive technology, but warned that it will be a few years before the $3,499 augmented reality headset sees widespread adoption.
The device, which investors treated with a lukewarm reception, marked the company's first new product line since the launch of the Apple Watch nearly...
JUNE 5, 2023
California Wildfire Insurance.
LOS ANGELES — Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation's most populous state.
State Farm announced last week it would stop accepting applications for all business and personal lines of property...
JUNE 5, 2023
Traders work on the floor of the NYSE in New York.
Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry.
The U.S. Securities and Exchange Commission sued Binance and its CEO Changpeng Zhao for secretly controlling Binance.US as part of a "web of...
JUNE 4, 2023
Former Prime Minister of New Zealand Jacinda Arder. - Photograph: Mark Mitchell/AP
New Zealand has awarded Jacinda Ardern the country’s highest honour, making the former prime minister a Dame for her service to the country during the Covid-19 pandemic and Christchurch terror attacks.
Ardern accepted the honour, but said she had felt conflicted about doing so. “I was in...
