Page 24 - Agencies

Tesla earnings drop 20% but Elon Musk to put sales ahead of profit

Stock tanks 8%; operating margin shrinks to 11.4%, a roughly two-year low, after several price cuts

New York world's richest city with most millionaires in 2023: Report

China has two of its cities (Beijing and Shanghai) in the list. The report covers 97 cities across nine regions worldwide

Artificial intelligence teaching itself things, independent of programmer

Pichai has long argued for wide-ranging global regulation of AI.

JSW Group eyes share of country's infra boom, plans to spend $65 bn by 2030

Jindal said steel was "a cyclical business, and we cannot afford to have a high-leverage regime," according to the FT

The world is volatile but luxury brands remain in vogue, says report

In the 2008 financial crisis, the sector had two quarters of lower sales, while global GDP contracted for four quarters

Now, Elon Musk enters AI system race, plans company to rival OpenAI

The firm, named X.AI, has Musk listed as director; billionaire seeks to hire engineers, attract investors, and buy chips needed to build large language model

Oxford, Serum Institute deliver malaria vax; Ghana first to give nod

The approval is unusual as it comes before the publication of final-stage trial data

State Bank of India to consider raising $2 billion via offshore bonds

The board will meet on April 18 to consider the fund raising

$2.6-bn stake sale money went to group firms: Adani counters Rahul Gandhi

These funds were reinvested by promoter entities to support the growth of new business and in portfolio companies such as Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd

Investors view corporate earnings season as next test for stocks

The scrutiny of bank stock, which will kick off the earnings season, will be more this time in the wake of the two biggest bank failures since the 2008 financial crisis

Wheat output in FY24 may decline by 1-2 mn tonnes due to untimely rains

FCI has procured 700,000 tonnes wheat so far, up from 200,000 tonnes last year

Covid-19 pandemic origin: China scientists publish long-awaited data

The Huanan seafood and wildlife market has been a focal point in the search for the origin of the coronavirus

Confident of achieving wheat procurement target, says food Secretary

Rice Fortification nationwide likely to be completed before March 2024

'Not far from nuclear WW3': Trump takes courtroom scowl to 2024 pitch

'US going to hell. Only crime I committed is to fearlessly defend our nation from those who seek to destroy it'

Red cross to sack 15,000 employees amid decline in humanitarian aid budget

ICRC said its governing board last week approved $475.30 million in cost reductions over 2023 and early 2024

Meta's artificial intelligence model can now make videos and illustrations

Meta's tool spins up surrealist videos from text prompts, another generates children's book illustrations from prose

Stagnant milk output: Dairy imports may be allowed after a decade

India usually imports high-value milk products but not mass-consumed items

Never grows old: Gold jumps Rs 1,062, touches new high of Rs 60,538

The MCX Gold Futures, meanwhile, touched an all-time high of Rs 61,181 per 10 gm

Apple to cut some jobs; Walmart to fire more than 2,000, says report

The company is shedding positions in what it calls its development and preservation teams. Those groups are responsible for the construction and upkeep of Apple retail stores

Kangaroo Court: Donald Trump cries foul in 'last email before my arrest'

Trump also calls the judge who will arraign him "highly partisan" and says his family are "well-known Trump haters"