Reliance Power to raise Rs 4,198 crore through convertible bonds
2 min read Last Updated : Oct 03 2024 | 10:05 PM IST The board of directors of Reliance Power has approved plans to raise Rs 4,198 crore through foreign currency convertible bonds (FCCBs), to be issued to affiliates of Värde Investment Partners, a Singapore-based global alternative investment firm, according to a company press […]
Israeli strike in Beirut kills 9 as battle with Hezbollah continues
An Israeli airstrike on an apartment in the Lebanese capital has killed nine people, according to Lebanon’s health ministry. Israel has been pounding areas of the country where the Hezbollah militant group has a strong presence since late September, but has rarely struck in the heart of Beirut. There was no warning before […]
Centre launches National Mission on Oilseeds with Rs 10,000 crore outlay
3 min read Last Updated : Oct 03 2024 | 9:57 PM IST In a significant move, the Union Cabinet today rationalised 18 centrally sponsored schemes of the Central government, with a total allocation of Rs 101,321 crore, into two and launched a National Mission on Oilseeds with an outlay of Rs 10,103 crore. […]
Silver lining for 2-wheelers, but investors should tread with caution
4 min read Last Updated : Oct 03 2024 | 9:50 PM IST The auto industry sees the festive season as critical and this year, it seems two-wheelers and tractors will lead the way. At the wholesale level, two-wheelers have seen double-digit growth in anticipation of the festive season. This is despite an […]
Google to provide data localisation option to AI innovators in India
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google, google logo(Photo: Shutterstock) 2 min read Last Updated : Oct 03 2024 | 9:50 PM IST With Google’s Gemini 1.5 flash large language model (LLM), Indian organisations across all sectors, including the public sector, will now have the option to both store their data at rest and conduct machine learning processing entirely within […]
US office market segment shows signs of bottoming after big discount sales
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The Federal Reserve recently reversed the direction of US interest rates for the first time since 2022 with a 50 basis point cut. | Representative Photo: Shutterstock 5 min read Last Updated : Oct 03 2024 | 9:44 PM IST The beleaguered US office property market may be bottoming out, analysts told Reuters, pointing […]
Israel Strikes Hezbollah Intelligence Headquarters In Beirut
Beirut: Israel’s military said Thursday it had hit Hezbollah’s intelligence headquarters in the Lebanese capital, as troops battled militants near the border and warplanes bombarded their strongholds around the country. Israel announced this week that its troops had started “ground raids” into parts of southern Lebanon, a stronghold of Hezbollah, after days of heavy bombardment […]
Australia Great’s ‘Kanpur’ Warning To Own Team As It Prepares For India In Border-Gavaskar Trophy | Cricket News
Former Australian captain Brad Haddin lauded Indian skipper Rohit Sharma for being able to force out a result out of an almost unwinnable match against Bangladesh in Kanpur and backed the Men in Blue to replicate such more performances during the Border-Gavaskar Trophy away from home this year in November. In the Kanpur […]
OpenAI secures $4 bn revolving credit line after big funding round
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Its biggest corporate backer Microsoft and new investor Nvidia also joined the funding. | Photo: Bloomberg 2 min read Last Updated : Oct 03 2024 | 9:35 PM IST OpenAI has secured a new $4 billion revolving credit line, the ChatGPT maker said on Thursday, a day after it closed a $6.6 billion funding […]
We have a strong road-map when it comes to hardware, says Google
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Roma Datta Chobey, India managing director, Google 3 min read Last Updated : Oct 03 2024 | 9:30 PM IST Hardware is a big priority for Google in India, said a senior executive from the company, as Google completed 20 years of its presence in India. “Manufacturing in India is a big focus […]