June 18 : In a major development in the global artificial intelligence race, OpenAI has brought in one of the industry’s most respected minds — Noam Shazeer, who was until now one of the key leaders behind Google’s Gemini AI models. The move is being seen as a significant setback for Google and a huge […]
Business
Mumbai: The Food and Drug Administration (FDA) has sealed the manufacturing unit of CCigmaa Lifestyle Pvt Ltd in Bhiwandi after uncovering multiple alleged violations involving misleading product claims, fake business details, and regulatory non-compliance. The action was taken during an inspection conducted on Tuesday as part of the authority’s ongoing efforts to
New Delhi, June 15:India’s wholesale inflation rose sharply to 9.68% in May, marking a significant increase from 8.26% recorded in April, as prices of fuel, power, food items, and manufactured goods continued to climb. The latest figures highlight growing pressure on businesses and consumers amid rising production and supply costs. The data, released by the […]
New Delhi, June 13:The Enforcement Directorate (ED) has arrested former Reliance Communications (RCom) Managing Director Sateesh Seth in connection with an ongoing money laundering investigation linked to an alleged loan fraud case. Seth, who once served as Group Managing Director of the Reliance Group under businessman Anil Ambani, was taken into custody by the ED […]
Mumbai , June 13 : In a major development in one of India’s most talked-about banking fraud investigations, a special Central Bureau of Investigation court in Mumbai has dropped proceedings against stockbroker Sanjay Dangi and real estate businessmen Shahid Balwa and Vinod Goenka in connection with the high-profile Yes Bank-Dewan Housing Finance Corporation Limited (DHFL)
In a significant step in the investigation of the massive Yes Bank-DHFL fraud case, the Enforcement Directorate (ED) has attached assets worth ₹415 crore belonging to prominent Maharashtra-based builders Avinash Bhosale and Sanjay Chhabria. The move marks another major development in what is being described as one of India’s biggest banking scams. Both builders were […]
New Delhi:June 12What began as a hopeful journey for a better future abroad turned into a devastating financial and emotional setback for a Delhi-based couple after they were allegedly cheated in the name of securing Canadian residency through a restaurant business. Richa Ahuja and Prem Ahuja had been planning to move to Canada in search […]
New Delhi: The US Justice Department’s decision to stop pursuing a high-profile criminal case against Indian billionaire Gautam Adani has triggered fresh questions in Washington, with two Democratic senators seeking an explanation over why prosecutors chose to step back from the case. Senators Elizabeth Warren of Massachusetts and Richard Blumenthal of Connecticut have
A surprising investment by Reliance in a struggling Texas refinery has raised questions about the growing business ties between the Ambani and Trump families. The deal came months after Donald Trump’s administration had sharply criticized Reliance over its Russian oil purchases. A remarkable shift appears to have taken place in the relationship between the Ambani […]
The Reserve Bank of India (RBI) has revised its economic projections for the current financial year, lowering its GDP growth forecast while raising its inflation estimate amid concerns over rising energy prices and global supply disruptions. Announcing the Monetary Policy Committee’s decision on Friday, RBI Governor Sanjay Malhotra said the central bank now expects
