BENGALURU/HYDERABAD: A day after eyewear startup Lenskart inked a deal with the Telangana government to set up a manufacturing facility in the state, Karnataka industries minister MB Patil clarified on why the deal didn’t come to the state.“As custodians of taxpayers’ resources, we are committed to making prudent decisions that maximise long-term benefits for both…
New RBI governor Sanjay Malhotra MUMBAI: RBI’s incoming governor Sanjay Malhotra faces the challenge of balancing economic growth, inflation, and exchange rate stability – a battle that outgoing governor Shaktikanta Das was still fighting. At the same time, he has to deal with regulatory reforms affecting bank lending, curbing digital fraud, and addressing retail financial…
NEW DELHI: The IT and electronics ministry is likely to go to the Cabinet with a new production-linked incentive scheme for electronics components as govt looks to go deeper into manufacturing supply chain. Government also plans to extend the import authorisation scheme for laptops by another three months after end of this year.Sources said IT…
OpenAI has added a new Sora video generator to ChatGPT that can create videos from text, animate images, and convert existing videos to new styles. OpenAI made Sora broadly available to the general public on Monday after a video announcement showing off what the AI could do. Related: Would You Pay $200 for ChatGPT? OpenAI’s…
Reddit has a new feature in the works that could make it both a ChatGPT and Google competitor. Reddit announced on Monday that it has started to test a new AI chatbot called Reddit Answers. The bot provides conversational responses to user queries like “How can I get better sleep?” and “Is a hot dog…
Authorities on Monday announced that a suspect in the killing of UnitedHealthcare CEO Brian Thompson, 26-year-old Luigi Mangione, has been arrested on firearm charges in Altoona, Pennsylvania. “At this time, he is believed to be our person of interest in the brazen targeted murder of Brian Thompson, CEO of UnitedHealthcare, last Wednesday in Midtown Manhattan,”…
Revenue secretary Sanjay Malhotra (File photo) NEW DELHI: Government on Monday sprung a surprise by naming revenue secretary Sanjay Malhotra, 56, as the 26th Reserve Bank of India governor to replace Shaktikanta Das, whose six-year stint on Mumbai’s Mint Road ends on Tuesday.After weeks of suspense, the appointments committee of cabinet zeroed in on Malhotra…
Opinions expressed by Entrepreneur contributors are their own. Artificial intelligence (AI) is reshaping every facet of our world, from healthcare to education, and even the way we define human dignity. Recently, I had the privilege of sitting down with Craig Mundie, a renowned entrepreneur, technology executive, and advisor to global leaders. Our conversation was on…
Opinions expressed by Entrepreneur contributors are their own. If you’re a gamer, you’ve likely heard at least one lecture about how it is a waste of time. But what if those hours were putting you on a lucrative and sustainable career path? Enter Racing Prodigy, the world’s first E2Real sports league, which turns virtual track…
Deposit rates have reached their periodic maximum, and special deposit schemes are unlikely to be modified when this fiscal year concludes. (AI image) Bank fixed deposits: Banks are expected to maintain current deposit rates as credit expansion and the recent CRR (Cash Reserve Ratio) reduction provide adequate liquidity for lending requirements through FY25.Banking officials indicate…
