The government has eased foreign direct investment (FDI) norms for countries sharing land borders with India, including China, by amending Press Note 3 of 2020, government sources said on Tuesday, reported news agency PTI.The decision was approved at a Union Cabinet meeting chaired by Prime Minister Narendra Modi, sources added.Under Press Note 3 introduced in … Read more
Meta has acquired Moltbook, the viral, Reddit-style forum for AI agents. Moltbook’s creators, Matt Schlicht and Ben Parr, will join Meta’s Superintelligence Labs. It comes after Peter Steinberger, the creator of Openclaw, joined OpenAI after also being courted by Mark Zuckerberg. Mark Zuckerberg couldn’t score OpenClaw’s creator, but he has scooped up the guys behind … Read more
The Reserve Bank of India has capped the maximum dividend payout by banks at 75% of profit after tax (PAT), with the new prudential norms set to take effect from the financial year 2026-27.The central bank on Tuesday issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances … Read more
Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day … Read more
Apple Inc. is in discussions with key Indian banks and global card networks in preparation to start Apple Pay in the world’s most populous country. The iPhone maker is in talks with ICICI Bank Ltd., HDFC Bank Ltd. and Axis Bank Ltd., as it aims to introduce its payment service in India around the middle … Read more
Zomato founder Deepinder Goyal on Friday announced that his new health tech venture, Temple, has secured $54 million in its first funding round from friends and family, and valued at approximately $190 million.”Temple has raised its first round. Friends and family. $54m. Post-money valuation of ~$190m,” said Goyal on X.Temple, which is developing a wearable … Read more
US-based global investment giant, General Atlantic, has valued the popular social media platform, TikTok’s parent company, Bytedance, at $550 billion as the company is now looking to sell equity stake owned in the Chinese firm, reported the news agency Reuters, citing people aware of the development. General Atlantic’s stake sale of ByteDance marks the first … Read more
Vivriti Group, led by Vineet Sukumar, announced on Tuesday the creation of a new operating and holding company to house its lending and private credit business under a unified platform, to extend beyond its core offerings with the founder infusing ₹200 crore in fresh capital. Vivriti Group, led by Vineet Sukumar, announced a new unified … Read more
Federal Express has filed suit against the United States government seeking a “full refund” of tariffs imposed under President Donald Trump’s emergency economic powers, days after the Supreme Court ruled those levies unlawful. The case, lodged at the US Court of International Trade, marks the first major corporate effort to reclaim duties paid under a … Read more