Category: Business

Business

Deepseek’s rapid progress renews debate on Indian foundational AI model

January 27, 2025 admin

C.P. Gurnani, co-founder and Chief Executive Officer, AIonOS and Vikram Sinha, President Director and Chief Executive Officer Indosat Ooredoo Hutchison sign MoU at Aerocity, in New Delhi, on January 27, 2025 | Photo Credit: PTI The rapid uptake of Deepseek, the Chinese-developed artificial intelligence (AI) foundational large language model (LLM), has put the AI race…

Business

Bombay High Court proposes mediation between Lodha brothers in trademark breach case

January 27, 2025 admin

Abhinandan Lodha, Deputy Managing Director, Lodha Group. Bombay High Court proposed the appointment of a mediator to resolve the alleged case of trademark breach by the House of Abhinandan Lodha (HoABL) over Macrotech Developers’ brand name “Lodha,” in a hearing on Monday (January 27, 2025). “If it is agreeable I propose to give two weeks…

Business

ECB’s Lagarde warns over cost of losing independence

January 27, 2025 admin

Central bank independence is being challenged in parts of the world and greater political influence could undermine banks’ ability to keep inflation down, risking economic volatility, European Central Bank President Christine Lagarde said on Monday. U.S. President Donald Trump said last week he would demand that the Federal Reserve lower borrowing costs, claiming that he…

Business

Tech stocks tumble as DeepSeek threatens to upend the AI industry; Nvidia down 17%

January 27, 2025 admin

Wall Street’s superstars are tumbling Monday as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. The S&P 500 was down 1.9% in midday trading and heading for its worst day in more than a month. Big Tech stocks took some of the heaviest losses, with Nvidia down 17.6%, and…

Business

Nasdaq, S&P tumble as China’s DeepSeek AI model rattles Big Tech

January 27, 2025 admin

Deepseek logo. | Photo Credit: Reuters The S&P 500 and the Nasdaq dropped on Monday (January 27, 2025), as the surging popularity of a low-cost Chinese artificial intelligence model knocked shares of chipmaker Nvidia and other companies benefiting from investments into the technology. Chinese startup DeepSeek has rolled out a free assistant it says uses…

Business

India to ditch privatisation plans, pour billions in state-run firms, sources say

January 27, 2025 admin

File photo of Prime Minister Narendra Modi. | Photo Credit: ANI Prime Minister Narendra Modi is pouring billions into ailing state-run firms after slowing ambitious divestment plans that were intended to reduce the role of the state in business, according to government sources and a document reviewed by Reuters. Less than a month into 2025,…

Business

What is DeepSeek and why is it disrupting the AI sector?

January 27, 2025 admin

Deepseek logo is seen in this illustration taken January 27, 2025. | Photo Credit: Reuters Chinese startup DeepSeek’s launch of its latest AI models, which it says are on a par or better than industry-leading models in the United States at a fraction of the cost, is threatening to upset the technology world order. The…

Business

Federal Reserve expected to stand pat on rates even as Donald Trump demands cuts

January 27, 2025 admin

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates. Fed officials, led by Chair Jerome Powell, have cut their rate for three meetings in a row, to about 4.3%, from…

Business

Zoho Corporation CEO Sridhar Vembu steps down to focus on R&D as Chief Scientist

January 27, 2025 admin

Zoho Corporation CEO Sridhar Vembu stepped down to focus on the company’s research and development initiatives as its Chief Scientist. | Photo Credit: The Hindu Global technology firm Zoho Corporation CEO Sridhar Vembu has stepped down from the post to focus on the company’s research and development initiatives as its Chief Scientist. The company’s co-founder…

Business

IOC posts record fuel sales but inventory losses tank Q3 profit by 64%

January 27, 2025 admin

A view of the Indian Oil Corporation terminal. Photo used for representation purpose only. | Photo Credit: G.N. Rao Indian Oil Corporation (IOC), the nation’s biggest oil firm, on Monday (January 27, 2025) reported a 64% drop in its December quarter net profit as inventory and foreign exchange losses eroded gains from record fuel sales….

Business