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Every new hire will get training for AI, says JPMorgan amid technology boom

JPMorgan sees the emerging technology as worth between $1 billion and $1.5 billion, President Daniel Pinto said at the event

Succession plans at JPMorgan Chase well on the way: CEO Jamie Dimon

Earlier this year - about halfway through Dimon's five-year retention package - the 68-year-old CEO moved some of his top lieutenants into new senior roles

Partnership with Dell key in company's push to expand AI: Nvidia CEO Huang

Nvidia's expansion plan hinges on getting agencies and businesses to develop their own AI capabilities, spurring demand for its products

Tesla's shareholder group slams CEO Elon Musk's $56 billion pay package

Musk's decision to buy Twitter, now called X, has also played a material role in Tesla's underperformance. Additionally, the group raised concerns in Monday's letter about Tesla's lagging sales

Microsoft's new AI computers will revive PC-Mac rivalry: CEO Nadella

Microsoft is leveraging its relationship with leading AI startup OpenAI to forge an early lead in the burgeoning field of generative AI services. But the partnership has come under regulatory scrutiny

GSK faces lawsuit from lab that found probable carcinogen in Zantac

Big drugmakers already face some 80,000 state suits from users of the drug who say their cancers were caused by Zantac contaminated with NDMA, the dangerous chemical Valisure discovered

DB Investment Partners beefs up Asia team, cites region's growth potential

DB Investment sees some of the best Asian opportunities in areas such as healthcare, digital infrastructure, and energy transition, Meghji said

Google targets Microsoft's public cyber failures in bid to steal customers

Google also released a white paper Monday highlighting its rival's security lapses, and is considering launching similarly-themed social-media and advertising campaigns

India must create 115 mn jobs by 2030 as more people enter workforce: Study

"To achieve this herculean task, India's growth engine needs to fire on all cylinders, from manufacturing to services in the next five years," research note read

India's inclusion in global bond index not enough to lift rating: Moody's

De Guzman's comments mirror global investors' generally bullish outlook on the country that's been layered with notes of caution about macroeconomic challenges

Iranian President's Raisi death leaves Khamenei's succession in focus

His death, along with that of Foreign Minister Hossein Amirabdollahian, was announced by state media early on Monday after rescuers spent hours trying to locate and reach the accident site

LS polls Phase 5: Mumbai heads to vote today as Oppn gets renewed boost

Elections in Maharashtra state, where Mumbai is located, have been fairly predictable until 2019 with the regional Shiv Sena party dominating in alliance with the BJP

'No sign of life' at crash site of helicopter carrying Iran's Raisi, others

Raisi, an ultraconservative cleric in his 60s who won Iran's presidential election in 2021, has been seen as a favourite to eventually succeed Supreme Leader Ayatollah Ali Khamenei

China's housing rescue is too small to end ongoing crisis, say analysts

The decline in China's sales of new homes accelerated in recent months, with households increasingly preferring to buy in the secondary market

Global rate cuts: Slowing inflation primes G-7 central banks for June

Days after US data revealed cooler-than-expected consumer-price growth, the UK, Canada and Japan will all publish numbers for April that are likely to go in the same direction

Goswami Infratech sweetens offer to bondholders, in return for more time

Goswami Infratech is an investment company within the Shapoorji Pallonji group under billionaire Shapoor Mistry. Its projects include apartments, warehouses, parking spaces and shops

Federal Reserve Chair Powell tests positive for Covid-19: Spokesperson

Powell, 71, previously tested positive for Covid in January 2023. The next meeting of the Fed's policy-setting committee is set for June 11-12

Apple's 27% App Store fee an attempt to comply with law, senior exec says

Carson Oliver, senior director for business management for the App Store, testified that Apple hired economic consulting firm Analysis Group Inc. to help create a new commission rate for purchases

ByteDance asks US court to speed up lawsuit over divest-or-ban law

TikTok urged the appeals court to decide on the merits of the case by Dec. 6 so there is adequate time to request an emergency review by the Supreme Court

Climate change likely to intensify India heat wave, says scientists

Night-time temperatures are unlikely to fall below 34 degree celcius for the period, making this event 'particularly alarming'