BENGALURU: TCS chairman N Chandrasekaran said the IT industry will no longer hire at the scale seen over the past two decades as artificial intelligence takes over parts of traditional work, signalling a structural shift for India’s $315-billion technology sector. “The company will not be hiring the kind of numbers it used to hire,” Chandrasekaran…
ChatGPT creator OpenAI became the third major artificial intelligence developer to confidentially file for a public listing Monday, joining rivals in an IPO pipeline now worth some $3.6 trillion.SpaceX, which is officially known as Space Exploration Technologies Corp, is preparing for an IPO that would value the company at about $1.8 trillion. Anthropic raised funds…
BENGALURU: Electric two-wheeler maker Ather Energy said its board will meet on June 12 to consider raising fresh capital as the company gears up for its next phase of growth. The company said it may raise funds through equity shares, foreign currency convertible bonds, NCDs, warrants or other convertible securities. The fundraising could be undertaken…
MUMBAI: Rajiv Bajaj has said he will step down from the board of Bajaj Finserv due to a significant increase in his responsibilities at Bajaj Auto following the setting up and scaling of two major new subsidiaries: Bajaj Auto Technology and Bajaj Auto Credit. Bajaj has said he will not stand for re-election at the…
MUMBAI: Bank stocks surged across the board on Tuesday following RBI’s operational guidelines for a special foreign currency non-resident (bank) or FCNR(B), swap window, with public sector lenders leading the rally. Bank of Baroda rose 5.7%, Canara Bank 4.3%, and Punjab National Bank 3.7%, while Bankex, BSE’s index for the sector, climbed 2.2% against a…
NEW DELHI: Apple has spent the past two years watching rivals race ahead in artificial intelligence, while its own AI ambitions stumbled amid delays and missed deadlines. At its Worldwide Developers Conference (WWDC) 2026, the company attempted a reset, unveiling a rebuilt Siri powered by Google’s Gemini models and positioning the assistant at the centre…
NEW DELHI: Government has ordered all digital platform aggregators, including Swiggy, Zomato, Uber, Blinkit, Ola, Rapido and Zepto, to upload details of their gig workers and complete their integration with the eShram portal by June 21, a move precursor to ensuring social security benefits.The directive follows rules formulated under the Code on Social Security last…
Serena Williams of the United States (AP Photo/Alberto Pezzali) After nearly four years away from professional tennis, Serena Williams made an impressive return to the court on Tuesday, reminding fans why she remains one of the sport’s greatest players.Playing at Queen’s Club in London, the 44-year-old teamed up with rising Canadian star Victoria Mboko in…
BENGALURU: Quick commerce platform Zepto is pitching a high-volume model to public market investors as it prepares for its IPO, arguing that scale, density and advertising will eventually drive profitability.The company’s updated draft red herring prospectus (DRHP) shows a business growing rapidly on orders but still trailing market leader Blinkit on profitability.Zepto processed 210 million…
NEW DELHI: Adani Energy Solutions (AESL) has inked a securities purchase agreement to acquire a 100% equity stake in IntelliSmart Infrastructure for Rs 3,050 crore. IntelliSmart Infrastructure is a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services (EESL).The proposed acquisition will strengthen AESL’s position as India’s largest smart…