The United States is ramping up its visa issuance in India, particularly in Hyderabad, with plans to open new consulates in Bengaluru and Ahmedabad. Eric Garcetti, the US Ambassador to New Delhi, revealed these developments on Monday. He also inspected the premises for the new consulate in Ahmedabad during his visit to the city to…
Mumbai-based stationery maker Flair Writing Industries has announced the opening of its initial public offering (IPO) for subscription from November 22 to November 24. The company has set a price band of ₹288-304 for the issue and is looking to raise up to ₹593 crore through the IPO. Investors can bid for a minimum of…
India’s largest bank, State Bank of India, has opened up more than 8,000 job vacancies at the junior level and is calling for applications. These jobs at a public sector unit (PSU) bank in India offer stability, security, and a decent pay, making them highly sought after. According to the announcement, SBI is inviting applications…
Zephyr Peacock, a New York-based global investment manager, is planning to raise $200 million from global and domestic investors in order to provide growth capital to Indian enterprises. The firm’s president and chief investment officer, Mohit Gulati, is confident in the growing pool of money available and India’s increasing importance in the world market. Gulati…
Residential cruise ship startups struggle as companies fail to launch ships Delays in the launch of residential cruise ship startups such as Storylines and Life at Sea Cruises have been persistent throughout 2023. The promise of permanent or semi-permanent condos-at-sea has captivated the attention of many, but the debut of these ventures has been fraught…
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The 2023 World Cup final between India and Australia at the Narendra Modi Stadium was briefly interrupted by a pitch invader on Sunday. The invader, sporting a T-shirt with ‘Stop Bombing Palestine’ on the front and ‘Free Palestine’ on the back, attempted to hug India’s Virat Kohli before security swiftly intervened. The incident caused a…
Last week, the BSE benchmark jumped 890.05 points or 1.37 per cent, leading to a combined market valuation increase of Rs 1,50,679.28 crore for seven of the top 10 valued firms. IT giants Tata Consultancy Services (TCS) and Infosys emerged as the biggest gainers in the overall optimistic trend in equities. The valuation of TCS…
OpenAI Fires CEO Sam Altman In a sudden turn of events, Sam Altman has been fired as CEO of OpenAI, the developer of AI chatbot ChatGPT. The company’s board cited a loss of confidence in Altman’s leadership abilities as the reason for his dismissal. Chief Technology Officer Mira Murati will serve as the interim CEO,…
Amazon announces layoffs in India and around the world, with “several hundred employees” from its Alexa division being impacted. The e-commerce giant is focusing on artificial intelligence (AI) and will consult with affected employees to communicate the decision. The layoffs are part of a shift in priorities to better align with customer needs, according to…
