Artificial intelligence has created a “terrifying” outlook for employment, Oaktree Capital Management LP co-founder Howard Marks cautioned, and an assumed productivity boom fails to consider how many people will be able to afford the additional goods produced. “I’m concerned that a small number of highly educated multi billionaires living on the coasts will be viewed … Read more
In one of the largest global tech investment flows into India, American tech giant Amazon on Wednesday committed a mega $35 billion for its operations here, over and above the $40 billion that it has already put into the country.The ecommerce, cloud and media giant said that the investments will be made by 2030 as … Read more
Bajaj Finance has said that its voice bots will disburse Rs 5,300 crore of loans in FY26 – its first full year of operations. This channel will be completely taken over by AI agents as part of its 2026-30 long-range strategy which has AI as the backbone of its growth plans that links targets directly … Read more
Airfares between Mangaluru and other important cities, including Mumbai, have almost tripled even as the Union Civil Aviation Ministry ordered keeping the flight duty time limitations (FDTL) orders of the Directorate General of Civil Aviation in abeyance with immediate effect, on Friday. Mangaluru International Airport, in a statement here, said 18 flights, nine each arrivals … Read more
SpaceX, the space transportation and satellite making company run by Elon Musk, is preparing to sell its insider shares in a transaction that would value it at higher than $500 billion, Bloomberg reported quoting people familiar with the development. This means that SpaceX is on its way to break OpenAI’s record, which had sold its … Read more
Chip-making giant Nvidia Corp. has invested $2 billion in the stock of chip-design software company Synopsys Inc. as part of a wider engineering and design partnership, marking the latest substantial investment by the company in one of its suppliers. Nvidia purchased the shares at $414.79 each, the company stated in a press release on Monday. … Read more
The Insolvency and Bankruptcy Code (IBC) has so far played a significant role in enhancing India’s ease of doing business, but despite its successes, there are “persistent and systemic challenges” that undermine its optimal performance, the Parliamentary Standing Committee on Finance has said. In its ‘Review of Working of Insolvency and Bankruptcy Code and Emerging … Read more
Early last year, Tatas claiming Starbucks a success in India targeted to open 1000 stores by 2028 (390 then). As per the Nov 2025 PPT, Starbucks currently has 492 stores in India. So about 100 stores in 2 years since the announcement. If target is to be met, 500 stores to be opened in the … Read more
Digital Connexion, a Reliance, Brookfield and real estate investment firm Digital Realty JV, will invest Rs 98,000 cr by 2030 to build 1 Gigawatt AI-native data centers in Visakhapatnam, Andhra Pradesh. The investment will span 400 acres. The project aims to support seamless AI workloads for hyperscalers and enterprises. The company already has a campus … Read more