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Microsoft hires ousted CEO Sam Altman, OpenAI stares at mass exodus

He, along with Brockman, to lead a new AI research team; 500 OpenAI staffers threaten to quit unless board resigns

Private banks make largest single-day govt bond purchase in 7 years

A large corporate likely bought around 50 billion rupees of the benchmark paper through a private sector bank, traders said

Toyota fined $60 m for lending abuses, soiling credit reports: US regulator

Toyota Motor Credit, the automaker's U.S.-based lending arm, will pay a $12 million civil fine and $48 million to car buyers harmed since 2016

Brent crude futures climb over 2% to gain $2 amid Opec production cuts

The front-month December WTI contract expires later on Monday. The more active January futures gained $1.79 to $77.83

UK PM Rishi Sunak promises tax cuts after meeting his inflation pledge

Under pressure from within his traditionally low-tax Conservative Party, Sunak said his govt needed to prioritise lowering the tax burden

Shakira reaches deal to avoid $15 million tax fraud trial in Spain

"Do you recognise the facts and conform with the new penalties that have been requested?" asked Judge Jose Manuel del Amo Sanchez. "Yes," Shakira responded

Foreign nationals, aid workers moved to safety from Myanmar fighting

An alliance of ethnic minority insurgents allied with a pro-democracy parallel civilian government launched an offensive late last month against the ruling military

Jio Financial Services in talks with merchant bankers for maiden bond issue

The company may look to raise Rs 5,000 crore ($600.6 million) to Rs 10,000 crore through the issue and may tap the market in the last quarter of this financial year, the bankers added.

Altman will not return to OpenAI, ex-Twitch boss Shear to be interim CEO

Shear co-founded Twitch and had stepped down from the Amazon.com Inc.-owned live video streaming platform earlier this year.

Musk's X to file 'thermonuclear' lawsuit against media watchdog: Report

Musk on Wednesday endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white people

Centre looking to restart probe into Adani coal imports from Indonesia

The Directorate of Revenue Intelligence since 2016 has been trying to procure transaction documents related to Adani's dealings from Singapore authorities

Gold set to snap three-week losing streak amid Federal Reserve pause hopes

"Alternatively, the war is still bubbling, simmering away," Rodda said

SBI sees minimal impact of tighter RBI's rules for personal loans

SBI's capital adequacy ratio stood at 14.28% as of September end

Indian buyers brush off record rates to load up on gold for Diwali

Local gold prices were trading around Rs 60,900 ($731.81) per 10 grams on Friday after hitting an all-time high of Rs 61,914 ($744.00)this week

Tankers newly sanctioned by US supplied Russian oil to India: Report

NS Century is currently on its way to discharge Sokol crude at Vadinar port in Gujarat for Indian Oil Corp (IOC) on Nov. 25, LSEG and Kpler data showed

India raises concerns over potential carbon taxes in UK FTA talks: Report

Earlier this year, Britain initiated consultations with domestic stakeholders on measures such as a potential carbon border tax, which could mimic the EU's carbon border adjustment mechanism.

Australia assures India of steady coking coal supplies amid shortage

Australia accounts for over half of India's coking coal imports of around 70 million metric tons a year

Xi hopes Fiji will continue to support China amid Indo-Pacific tensions

Fijian Prime Minister Sitiveni Rabuka met Xi for the first time on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco on Thursday.

Washington sanctioned tankers previously shipped Russian crude to India

The Liberian-flagged ships hit with sanctions are the Kazan, Ligovsky Prospect and NS Century, according to the Treasury Department

India bond yields seen easing as oil, US peers decline; debt sale eyed

The 10-year benchmark bond yield is expected to move in a range of 7.21%-7.26%, after ending the previous session at 7.2356%, a trader with a primary dealership said