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AI spooks IT valuations; Groww promoters cut stakeAI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.- OpenAI chief Altman says Elon Musk wanted control of ChatGPT maker, denies betrayalOpenAI CEO Sam Altman denied Elon Musk's accusations of betraying the company's founding mission. Altman testified that Musk pursued contro...
- ‘The Death Of Bunny Munro’: Matt Smith stars in Sky’s first trailer at Nick Cave adaptation“You’ve got to sell them the dream,” Matt Smith announces in the initial trailer for The Death of Bunny Munro, Sky’s latest six-part drama ...
- Fortnite fans shocked as Apple blocks game on iOS globally, despite Epic Games’ major legal victory just weeks agoFortnite faces another ban on iPhones and iPads in the US and EU. This happened even after Epic Games secured a court victory against Apple...
- Facebook parent Meta Platforms beats lawsuit over Apple privacy, COO Sandberg disclosuresThe Oakland, California-based judge also turned aside claims that Meta knew its transition to Reels, which copied TikTok's short-form video...
- Fed pivot will dominate year of rate cuts in turn of global cycleThe US Federal Reserve will lead the pivot for richer countries after its policy makers signaled 75 basis points of cuts for the year, mark...
- Exclusive: India mulls new valuation norms for angel tax; Amazon, Samara eye stake sale in More RetailIndia is considering using valuation criterion established by the Foreign Exchange Management Act (FEMA) for angel tax on foreign investmen...
- Worldpay to focus on large cross-border payments in IndiaIn 2019, UK-based Worldpay was acquired by FIS of the US at an enterprise value of $45 billion. FIS is reportedly now looking to spin World...
- Sell ABB India, target price Rs 2960 Nuvama Wealth brokerageABB India, incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 66821.07 Crore) operating in Engineering sector.
- Gas retailing in Indian cities needs fewer but bigger playersConsolidation is required among natural gas retailers in India to achieve economies of scale, according to Hardip Singh Rai, the CEO of Thi...
- Where investors fleeing Chinese property are putting their moneyRising inflation means there have still been losses for broader Asian bonds-- as there have been in many parts of credit markets globally -...
- Festive cheer lights up India’s gold sales on biggest buying dayIndia’s only London Bullion Market Association-certified precious metals refiner and mint has recently started diversifying its portfolio f...
- What is Apple doing with its App Store?For the first time, Apple will allow Spotify, Netflix and other apps that sell digital subscriptions to music, video, magazines, newspapers...
- India’s top carmaker Maruti Suzuki slices production as lockdowns hit salesMaruti isn’t the only carmaker feeling the pain. Hero MotoCorp Ltd., the world’s largest producer of two-wheelers, halted operations tempor...
- Gold goes from a star commodity to laggard in shocking reversalSpot prices touched a seven-month low on Friday, deepening a slump and breaching through a support level that analysts say could portend fu...
- The hottest debate on Wall Street is buying Bitcoin over goldBitcoin’s tumble last week, the biggest since March, after a 150% run-up this year underscores the famous volatility of the asset class tha...
- What’s ahead under President Joe Biden, industry by industryHere’s a breakdown of how a Biden presidency may affect some two dozen US industries.
- Employee loyalty comes at a premium amid talent war, says bookA new leadership style will be required to retain talent in the future as employee "loyalty" comes at a premium amid intense competition, s...
- Life after layoffs: How jobs lost in recession did not mean the endLosing their jobs in 2009's Great Recession did not mean the end of the world to these senior American professionals, even with no fall-bac...
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