The former CEO of Abercrombie & Fitch, Mike Jeffries, 80, was arrested Tuesday with two other associates. Jeffries is accused of one count of sex trafficking plus 15 counts of interstate prostitution. “As alleged in the indictment, former CEO of Abercrombie Michael Jeffries, his partner Matthew Smith and their recruiter James Jacobson used their money…
Solar panel maker Waaree Energies Ltd on Tuesday received 8.78 times subscriptions on the second day of its initial public offering share sale. As per NSE data, against the 2,10,79,384 shares on offer, the Rs 4,321.44 crore initial share sale received bids for 18,51,56,208 shares.The non institutional sector investor garnered 24.30 times subscription whereas Retail…
NEW DELHI: Prime Minister Narendra Modi & Spanish PM Pedro Sánchez will jointly inaugurate the final assembly line (FAL) of the Tata Advanced Systems C-295 aircraft facility in Vadodara on Oct 28. This is a major milestone for India’s defence manufacturing sector and strengthens the growing relationship between India and Spain. The ground breaking ceremony…
NEW DELHI: Over 2.7 lakh passengers who had booked Vistara flights to travel on and after Nov 12, 2024, — when the airline merges into Air India — have been issued new tickets for travel on AI. However, the Tata Group has confirmed that for the next few months those who had booked Vistara will…
NEW DELHI: The Indian stock market opened on a subdued note on Tuesday, mirroring the weak global sentiment and carrying forward the impact of Monday’s decline. The Sensex gained a modest 183.87 points to start at 81,335.14, while the Nifty inched up by 31.55 points to open at 24,812.65. The market showed a mixed trend,…
MUMBAI: Even after its failed bet on Byju’s, which was once India’s most valued startup, Dutch technology investor Prosus remains bullish on the country’s market.The company will continue to invest in India and remains excited about the country’s prospects, Fabricio Bloisi, CEO at Prosus and Naspers, said. Prosus, which is the largest investor in IPO-bound…
OpenAI recently secured $6.6 billion in funding at a valuation of $157 billion, but it’s far from the only AI company with high fundraising potential. Investors poured $2.9 billion from July to September (Q3) of 2024 into the latest U.S.-based AI startups, per PitchBook data. The three startups in the U.S. that received some of…
A month after Salesforce announced its AI agent technology and its CEO Marc Benioff criticized Microsoft’s AI efforts, Microsoft announced 10 new AI agents that can take care of tasks like sales, finance, and customer service. AI agents are different from chatbots in one key way: they can act on an organization’s behalf instead of…
Poonawalla is making this investment privately through Serene Productions. Johar will retain the remaining stake. Adar Poonawalla, the billionaire CEO of the Serum Institute of India, is acquiring a 50% stake in Karan Johar‘s Dharma Production and Dharmatic Entertainment for Rs 1,000 crore. This investment values the film and television production and distribution company at…
CHENNAI: As companies navigate AI adoption, demand and salary growth for data science, data engineering, DevOps and cloud computing roles are expected to grow faster than other technology roles in FY25 compared to the previous fiscal, according to TeamLease Digital. The tech staffing and solutions providers’ snapshot analysis shows that a rise in AI, machine…
