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Musk, Altman to face off in trial that may decide future of OpenAI

Musk alleges Altman and other leaders at OpenAI enriched themselves by abandoning its altruistic principles and converting to a for-profit company with billions of dollars

China blocks Meta's $2 billion Manus AI deal over tech transfer concerns

Beijing has tightened scrutiny of key AI firms in the wake of the deal, which has been largely completed

JSW Motors plan to set up 'experience centres' to debut its India car brand

JSW Motors plans to set up at least four 'experience centres' across key Indian cities including Mumbai, New Delhi and Ahmedabad, before rolling out its debut product in the second half of the year

CCIL revamps trade reporting system to boost offshore rupee transparency

The overhaul started earlier this year and comes as regulators have stepped up monitoring of the currency and asked lenders to report their offshore rupee transactions

Bitcoin reaches 12-week high, nears $80,000 on US-Iran deal optimism

The original cryptocurrency was up as much as 1.6 per cent to $79,488, its highest level since Jan. 31, the last time it was above $80,000

DeepSeek slashes fees for new flagship AI model amid Chinese price war

Chinese AI firms are discounting to incentivize users to switch, accelerating adoption in a crowded global AI field in an attempt to reshape the US-China AI race

Iran offers new proposal to US to reopen Strait of Hormuz, end war: Report

Pakistani mediators have given the proposal to the White House, but it's unclear whether the US wants to explore it, an Axios report said

Indian tech giants struggle to shake off $115 bn rout amid weak demand

The selloff in stocks has deepened since Tata Consultancy Services kicked off earnings on April 9, with nearly $115 billion now wiped off the value of the IT gauge over four months

Musk vies to turn X into super app with banking tool nearing launch

X Money, a banking and payments platform built inside the social network X, is expected to make its early public access debut imminently, based on the timeframe offered by Musk last month

US-Iran peace negotiations stall as conflict approaches two-month mark

While a ceasefire has mostly held since early April, both countries are maintaining a blockade on the Strait of Hormuz, making the key energy chokepoint virtually impassable

US Fed, G7 central banks likely to keep interest rates on hold this week

Three days of decisions in Washington, Ottawa, London, Frankfurt and Tokyo are widely anticipated to result in unchanged borrowing costs across the club of rich nations

Trump's renewed crypto push fails to stop his memecoin's deep slide

In his speech, Trump reiterated support for passing the crypto market-structure legislation known as the Clarity Act, which has stalled in Congress

Luxury giants slump as West Asia demand seizes up due to prolonged war

Shoppers in the West Asia are some of the world's biggest spenders, splashing out at retail hubs like Dubai and other luxury destinations including Paris and Milan

Elon Musk drops fraud claims against OpenAI, Altman ahead of trial

US District Judge agreed to Musk's request to 'streamline' the case, leaving just two claims to proceed to trial of the 26 included in his November 2024 complaint

SBI Funds Management likely to start marketing $1.5 billion IPO next week

SBI Funds Management plans a major IPO that could raise $1.5 billion, marking one of India's biggest asset management listings in recent years

Rupee 'fundamentally undervalued,' levels may attract investors: CEA

The currency has given up much of the gains fueled by the central bank's recent measures to curb speculative arbitrage bets that had pushed the rupee to record lows last month,

Iranian Foreign Minister heads to Pakistan as Hormuz standoff deepens

Iran's top diplomat heads to Pakistan as Hormuz tensions deepen, with US blockade, stalled talks, and oil supply disruptions intensifying the regional crisis

Israel PM Netanyahu says he underwent successful prostate cancer treatment

The tumor was discovered during a routine check-up after surgery for an enlarged benign prostate a year and a half ago, he said

India ramps up refinery output to cope with enduring cooking gas crisis

India has raised local output by over a fifth since strikes on Iran began in February, to about 46,000 tons a day

Paris Airport Group slashes stake in India's GMR in $1 billion deal

ADP will sell 3.4 per cent of its shares for €256 million and receive a put option to sell an additional 3.9 per cent for about €285 million