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AI model backed by Mukesh Ambani's Reliance Industries to launch in March

The BharatGPT group, encompassing an arm of India's most valuable company and eight affiliated universities, offered a sneak peek of the large language model Tuesday

Indian banks' rush for clients set for reckoning after Paytm fiasco

India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank

Streaming a movie abroad may soon come with taxes at border; WTO to decide

The tariff ban has helped fuel the fastest-growing segment of world trade: digital goods and services. They're key to the success not just of tech companies like Amazon.com Inc. and Netflix Inc.

Pakistan's old-guard parties to form coalition to thwart Imran Khan

Bilawal Bhutto Zardari's Pakistan Peoples Party will join a coalition with the Sharif clan's Pakistan Muslim League-Nawaz, Bhutto Zardari said at a joint news conference in the capital Islamabad

Another blow to Zee Entertainment: Sebi uncovers $241 mn accounting issue

As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about Rs 2,000 crore ($241 million) may have been diverted from the company

FBI, UK crime agency disrupt Lockbit's website used for ransomware payments

Law enforcement from 11 different countries took part in the operation, which seized 11,000 domains used by LockBit and its affiliates to facilitate ransomware, an FBI official said

Capital One to buy Discover for $35 billion in yr's biggest all-stock deal

It's a "singular opportunity" to bring together two companies that can compete with the largest payment networks, Capital One Chief Executive Officer Richard Fairbank said in the statement

Investors turning wary of crowded India trade after stellar rally

Citigroup Inc. and Societe Generale SA have downgraded India, while foreigners have sold a net $3.8 billion of local shares so far this year, the highest in emerging Asia outside of China

Fundraising in India to be stronger than ever over next 2 years: BofA

Purohit expects between 5 and 10 tech firms and two or three local subsidiaries of multinational companies to launch initial public offerings in the period.

Indian diesel floods to Asia as Houthis attacks impact flows to Europe

There were no imports of diesel-type fuel into the EU in the first two weeks of February and only one shipment into the UK, according to the data

Covid vaccine complications range from neurological to heart issues: Study

The viral-vector jabs were also tied to an increased risk of Guillain-Barre syndrome, a neurological disorder in which the immune system mistakenly attacks the peripheral nervous system

UAE poised to exit global watchdog FATF's 'grey list' after reform push

The UAE is expected to come off the list on Feb. 23, which is the final day of the FATF plenary in Paris, the people said. No final decisions have been made

China plans to centralise work on tech, science under communist party

The party will refine a mechanism whereby technological works are led by the Central Committee, according to state broadcaster CCTV citing a central government meeting led by President Xi Jinping

China's Premier Li Qiang urges 'forceful' action to boost confidence

Chinese leaders are hunting for ways to jump-start the economy, which faces headwinds from a property slump, weak business confidence and persistent deflationary pressures

Jefferies Financial stops coverage on Paytm until regulatory issues ease

Paytm has seen its shares lose more than half of their value since the banking regulator's surprise clampdown amid concerns over the continuity of its business model

Delhi chalo march: Govt needs to present a better deal for angry farmers

While the new laws aimed to make the mandis - and their notoriously extractive middlemen - irrelevant, the farmers read them as a sign that the six-decade-old price mechanism itself would be scrapped

Cracks start to emerge in global central bank's four-year synchronicity

The International Monetary Fund's latest round of forecasts highlights the divergence: an improved US outlook, worse prospects for the euro zone and miserable figures for the UK

Dubai's popular golden visas helping city defy global office slump

Policymakers wanted to help Dubai shed its reputation of being a transient city by attracting expatriates and encouraging some of them to set up businesses

Apple set to face near $539 million penalty from EU over Spotify row

In a closed-door meeting between EU officials and Apple in June last year, the tech firm told regulators it had already addressed any possible competition concerns arising from Spotify's complaint

Farmers gear up for another round of talks after almost week of protests

The farmers have been massing at the Punjab-Haryana border since Feb. 12, prevented from marching toward Delhi by police barricades of barbed wire and metal barriers.