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OpenAI discusses giving CEO Sam Altman 7% stake in for-profit shift

OpenAI was founded in 2015 as a nonprofit research organization with the goal of building artificial intelligence that would be safe and beneficial to humanity

Palm oil loses position as world's cheapest edible oil as output shrinks

Key users such as cookie makers, restaurants and hotels in India are unlikely to look for substitutes immediately, even as some household consumption of palm oil may shift to its rivals

China considers injecting $142 bn into major banks to support its economy

China's mega banks have been under growing pressure from regulators to shore up the struggling economy by offering cheaper loans to risky borrowers

Strike at Boeing leaves Asian airlines sweating on plane deliveries

Boeing didn't respond to a request for comment on any delays to Max deliveries in Asia

Sri Lanka election is the latest sign India is losing its neighbourhood

Dissanayake has worried New Delhi because his party, the Janatha Vimukthi Peramuna, made a name for itself in the 1980s with an anti-India terror campaign

JLR plugs $669 mn into retooling UK plant for production of electric SUVs

JLR cautioned last month that its push into EVs will cost more than initially planned, citing weak consumer demand

Indian gold demand buoyed by import tax cut ahead of wedding season

Imports more than tripled to 140 tons in August from the previous month, according to the World Gold Council

China to give one-off cash handouts for poor people in rare use of aid

While amount is unknown, deployment of one-time handouts within such a short period of time appears to be a departure for a government that has long eschewed what President Xi Jinping calls welfarism

Antitrust trials could drag on for many years, says Google CEO Pichai

To explain how long appeals can take, Pichai pointed to Google's victory against a $1.7 billion antitrust fine in the European Union General Court last week- more than 4 years after it was levied

India's top bourse is said to have doubled in value amid IPO hopes

While one of the people said NSE is working toward completing documentation for an IPO by early next year, the potential listing could still take longer

Buy calls are slowly vanishing from the booming stock market of India

The Nifty 200 index is valued at about 24 times its 12-month forward earnings estimates, versus last decade's mean of about 19 times

Nomura, Mizuho leading bidders for majority stake in Avendus Capital

KKR and Avendus management are working together on the sale, the people said

Suspected Donald Trump gunman charged with attempted assassination

Routh also faces two previous charges of being a felon in possession of a firearm and possessing a firearm with an obliterated serial number

Trump plans Texas oil country donor blitz to shrink money gap with Harris

Lawmakers in Congress are probing Trump's promises to oil executives earlier this year to roll back environmental regulations, during a meeting in which he asked donors to deliver $1 billion in suppor

Boeing gives workers' union additional time to vote on latest offer

Boeing's tactics have also puzzled some long-time observers of the planemaker's labor relations

OpenAI pitched White House on need of massive 5GW data center buildout

OpenAI said investing in these facilities would result in tens of thousands of new jobs, boost the gross domestic product and ensure the US can maintain its lead in AI development

Cash rich Middle East firms drive record capital investment Into China

Foreign investors pulled a record amount of money from China in the April-June period

China plans to add capital at big banks for first time in a decade

The plan included a broad-based cut to existing mortgage rates, adding to pressure on banks by lowering annual interest expenses by about 150 billion yuan ($21 billion)

Boeing crisis sparks US FAA to revamp safety programmes to avoid risks

FAA audits revealed a series of manufacturing and safety lapses at Boeing after a fuselage panel blew off a 737 Max jet shortly after takeoff in January

Boeing offers its largest union 30% wage hike in bid to end strike

Boeing said the terms are final and only valid until the end of Sept. 27, as it seeks to raise pressure on the other side to accept