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OpenAI will add Microsoft as board observer, plans governance changes

The announcement Wednesday, a blog post penned by Altman, comes two weeks after the CEO's shock firing from the artificial intelligence startup, followed by an operatic boardroom power struggle

Sequoia-backed mobile wallet Mobikwik selects banks for $84 million IPO

The Gurugram-based fintech firm is working with DAM Capital Advisors Ltd and SBI Capital Markets Ltd for preparations for its listing

Tata Technologies to boost India's hot IPO market on trading debut

Tata Technologies' IPO raised Rs 3,040 crore ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled

Nestle says India, China are 'big focus' for growth of coffee market

"China is really a big focus, and India is a big focus," Navratil said

Jack Ma calls for fundamental changes in Alibaba, urges course correction

Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post on Alibaba's internal forum

Bharti Telecom plans its biggest-ever rupee bonds worth Rs 8,000 cr

The issuance is also Bharti's first in the onshore market in almost a year. It raised Rs 3,200 crore through three-year notes in December last year

Honda to invest $3.4 billion in electric motorcycles business by 2030

The company highlighted India and the Asean region as places where it aims to expand market share. Mihara said new production facilities will "highly likely" be in India and Southeast Asia

Isro exploring collab with Boeing, Jeff Bezos' Blue Origin in space sector

The potential partnerships could also involve Indian commercial entities, India's Department of Space said in a statement Wednesday

US economy grew 5.2% in third quarter, faster than first estimated

Consumer spending advanced at a less-robust 3.6% rate, according to the government's second estimate of the figures issued Wednesday

Here's how artificial intelligence can help clean up biggest climate messes

The industrial sector is responsible for about a third of global carbon emissions, but machine learning models can potentially help lower its climate toll

Bugatti, Ferrari, Mercedes are the most expensive classic cars of 2023

On Nov. 13, a 1962 Ferrari 330 LM/250 GTO by Scaglietti sold for $51.7 million at an RM Sotheby's sale in New York City. The antique racer was the most expensive Ferrari ever to sell at auction

Saudi Arabia to buy 10% stake in Heathrow airport in ownership reshuffle

The fund is buying the stake as Spain's Ferrovial sells down its 25 per cent holding

Saudi Aramco forecast to cut oil price to Asia as competition heats up

The state-owned Saudi Arabian producer will reduce the official selling price of Arab Light by $1.05 a barrel for January from the previous month, according to the median estimate

Hong Kong billionaire Henry Cheng family's succession under spotlight

This month, his heir-apparent status at the $26 billion family empire was thrown into doubt after his father Henry Cheng said the conglomerate is still looking for a successor

Apple offers exit ramp to Goldman Sachs for troubled credit card accord

The iPhone maker, which offers a credit card and savings account with Goldman, recently sent a term sheet to the financial giant that would be a first step toward severing the contract

Master of one-liners: Here are some of Munger's lessons on politics, crypto

Munger was also "a generous philanthropist who provided unfiltered advice and refreshing opinions which positively impacted businesses worldwide," Sloan said

Have no regrets about returning, despite challenges, says Disney's Iger

Iger, who came back as CEO a year ago after the dismissal of his hand-picked successor Bob Chapek, said the company has emerged from a year of "fixing a lot of things"

India to add $5 bn aircraft carrier to counter China's naval presence

The new carrier, which can hold at least 28 fighter jets and helicopters and displaces 45,000 tons of water - a measure of size for ships, will be flying the French Rafale jets

KPMG, Deloitte ask staff to use burner phones for Hong Kong visits

The move comes as China increases its control over Hong Kong, the Asia-Pacific headquarters of many global companies

In a first, Richard Branson looks to fly on sustainable fuel in latest dare

Branson is participating in the first flight of a commercial aircraft across the Atlantic powered entirely by sustainable aviation fuel, beating arch-rival British Airways to the punch