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Microsoft Is Key Holdout for OpenAI Restructuring Plan
OpenAI has walked back part of its effort to create a more conventional for-profit company. Microsoft, which has invested $13.75 billion (roughly Rs. 1,15,878 crore) in the startup, remains the biggest holdout among investors as the ChatGPT maker tries to restructure, according to several people familiar with the matter.
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Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
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Himanta Sarma, Jeet Adani Discuss Rs 50,000 Crore Investment Plan In Assam
Assam Chief Minister Himanta Biswa Sarma met Adani Group director Jeet Adani on Sunday and discussed the investments of Rs 50,000 crore proposed by the conglomerate during the state's business summit in February.
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List Of 12 Top 'Golden Visas' Across The World: Where Would US Rank?
US President Donald Trump has proposed a new visa scheme in which a $5 million investment could get a foreigner a "gold card" residency permit.
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US Drops Bid to Make Google Sell Anthropic Investments in Antitrust Case
The US DoJ dropped a proposal to force Alphabet's Google to sell its investments in AI firms. Google holds a minority stake worth billions of dollars in Anthropic. Losing the investment would hand a competitive advantage to OpenAI and its partner Microsoft, Anthropic wrote to the court in February.
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Finance Minister Proposes ID Cards for Gig Workers, UPI-Linked Credit Cards for Street Vendors
Finance Minister Nirmala Sitharaman announced in her Union Budget 2025 speech that gig workers will receive ID cards and healthcare access via a social security scheme. The government will invest in street vendors and online workers, providing identity cards and e-Shram portal registration. The PM SVANidhi scheme will be revamped with enhanced bank...
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Apple Close to Winning Indonesian Approval to End iPhone 16 Ban After $1 Billion Investment
Apple is close to getting Indonesia to lift its ban on iPhone 16 sales. Indonesia warmed to Apple’s proposal after Prabowo was briefed on it over the weekend at a meeting that discussed the tug-of-war between the government and Apple.
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Can We Defend Earth from Asteroids? Here's What You Need to Know
Efforts to protect Earth from asteroid impacts have made significant strides, notably with NASA’s DART mission, which successfully altered the orbit of the asteroid moonlet Dimorphos in 2022. This achievement marked a key advancement in planetary defence, demonstrating that asteroid deflection is a viable strategy. However, the success of DART al...
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Indonesia Calls Apple’s $100-Million Investment Offer Unfair
Apple’s proposal to invest $100 million in Indonesia hasn’t met “fairness” principles, a top government official said. The latest comments indicate more hurdles ahead for Apple as it seeks to lift a ban on selling its flagship iPhone 16 in Southeast Asia’s largest economy.
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Apple Said to Offer $100 Million to Undo Indonesia iPhone 16 Ban
After Apple submitted its increased offer, Indonesia’s Ministry of Industry, which last month blocked a permit allowing the sale of the iPhone 16, is now demanding that the technology behemoth alter its investment plans to focus more on research and development for its smartphones in the country, the people said.
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Sebi Proposes Accountability For AI Use By Market Infra Institutions, Intermediaries
Sebi on Wednesday proposed holding market infrastructure institutions and intermediaries accountable for any consequences arising from their use of artificial intelligence (AI) tools in operations or client services.
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Apple to Offer Extra Indonesia Investment to Remove iPhone Ban
Apple has proposed investing almost $10 million to make additional goods in Indonesia. The ministry is deliberating on the proposal, which isn’t final and may be subject to change, and is expected to reach a decision shortly, the people said.
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Apollo Global Said to Offer $5 Billion Investment in Intel
Apollo Global Management has offered to make a multibillion-dollar investment in Intel Corp. The development comes as San Diego-based Qualcomm floats a friendly takeover of Intel, people with knowledge of the matter said on Saturday, raising the prospect of one of the biggest-ever M&A deals.
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PM-Led Cabinet Approves Rs 3,300 Crore Semiconductor Unit In Gujarat
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Monday approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat, with an investment of Rs 3,300 crore.
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Singapore Airlines Gets India's Nod For Vistara-Air India Merger
Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups.
-
Microsoft Is Key Holdout for OpenAI Restructuring Plan
OpenAI has walked back part of its effort to create a more conventional for-profit company. Microsoft, which has invested $13.75 billion (roughly Rs. 1,15,878 crore) in the startup, remains the biggest holdout among investors as the ChatGPT maker tries to restructure, according to several people familiar with the matter.
-
Russia to Establish Experimental Crypto Exchange for 'Highly Qualified Investors': Report
The Central Bank of Russia has proposed a project to test crypto activities under an experimental legal regime (ELR) owing to the volatility and risks associated with cryptocurrencies. Earlier in March, it proposed to conduct these crypto transaction trials with “highly qualified investors”.
-
Himanta Sarma, Jeet Adani Discuss Rs 50,000 Crore Investment Plan In Assam
Assam Chief Minister Himanta Biswa Sarma met Adani Group director Jeet Adani on Sunday and discussed the investments of Rs 50,000 crore proposed by the conglomerate during the state's business summit in February.
-
List Of 12 Top 'Golden Visas' Across The World: Where Would US Rank?
US President Donald Trump has proposed a new visa scheme in which a $5 million investment could get a foreigner a "gold card" residency permit.
-
US Drops Bid to Make Google Sell Anthropic Investments in Antitrust Case
The US DoJ dropped a proposal to force Alphabet's Google to sell its investments in AI firms. Google holds a minority stake worth billions of dollars in Anthropic. Losing the investment would hand a competitive advantage to OpenAI and its partner Microsoft, Anthropic wrote to the court in February.
-
Finance Minister Proposes ID Cards for Gig Workers, UPI-Linked Credit Cards for Street Vendors
Finance Minister Nirmala Sitharaman announced in her Union Budget 2025 speech that gig workers will receive ID cards and healthcare access via a social security scheme. The government will invest in street vendors and online workers, providing identity cards and e-Shram portal registration. The PM SVANidhi scheme will be revamped with enhanced bank...
-
Apple Close to Winning Indonesian Approval to End iPhone 16 Ban After $1 Billion Investment
Apple is close to getting Indonesia to lift its ban on iPhone 16 sales. Indonesia warmed to Apple’s proposal after Prabowo was briefed on it over the weekend at a meeting that discussed the tug-of-war between the government and Apple.
-
Can We Defend Earth from Asteroids? Here's What You Need to Know
Efforts to protect Earth from asteroid impacts have made significant strides, notably with NASA’s DART mission, which successfully altered the orbit of the asteroid moonlet Dimorphos in 2022. This achievement marked a key advancement in planetary defence, demonstrating that asteroid deflection is a viable strategy. However, the success of DART al...
-
Indonesia Calls Apple’s $100-Million Investment Offer Unfair
Apple’s proposal to invest $100 million in Indonesia hasn’t met “fairness” principles, a top government official said. The latest comments indicate more hurdles ahead for Apple as it seeks to lift a ban on selling its flagship iPhone 16 in Southeast Asia’s largest economy.
-
Apple Said to Offer $100 Million to Undo Indonesia iPhone 16 Ban
After Apple submitted its increased offer, Indonesia’s Ministry of Industry, which last month blocked a permit allowing the sale of the iPhone 16, is now demanding that the technology behemoth alter its investment plans to focus more on research and development for its smartphones in the country, the people said.
-
Sebi Proposes Accountability For AI Use By Market Infra Institutions, Intermediaries
Sebi on Wednesday proposed holding market infrastructure institutions and intermediaries accountable for any consequences arising from their use of artificial intelligence (AI) tools in operations or client services.
-
Apple to Offer Extra Indonesia Investment to Remove iPhone Ban
Apple has proposed investing almost $10 million to make additional goods in Indonesia. The ministry is deliberating on the proposal, which isn’t final and may be subject to change, and is expected to reach a decision shortly, the people said.
-
Apollo Global Said to Offer $5 Billion Investment in Intel
Apollo Global Management has offered to make a multibillion-dollar investment in Intel Corp. The development comes as San Diego-based Qualcomm floats a friendly takeover of Intel, people with knowledge of the matter said on Saturday, raising the prospect of one of the biggest-ever M&A deals.
-
PM-Led Cabinet Approves Rs 3,300 Crore Semiconductor Unit In Gujarat
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Monday approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat, with an investment of Rs 3,300 crore.
-
Singapore Airlines Gets India's Nod For Vistara-Air India Merger
Singapore Airlines on Friday said it has received approval from the Indian government for the foreign direct investment as part of the proposed merger of Vistara with Air India, a deal that will create one of the world's largest airline groups.
