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Countries must build sovereign AI infrastructure, says Nvidia CEO Huang

He said that fears about the dangers of AI are overblown, noting that other new technologies and industries such as cars and aviation have been successfully regulated

Global economy to see soft landing, rate cuts coming, says IMF's Georgieva

She cautioned to expect the unexpected in the wake of the COVID-19 pandemic and said a prolonged war between Israel and Hamas would impact global economies

Samvardhana Q3 results: Profit rises 19.4% to Rs 542 cr, misses estimates

The net profit number included a negative hyperinflationary impact of Rs 191 crore for the Argentina business, the company said in a presentation

HAL Q3 results: Profit rises 9% to Rs 1,261 cr on high aircraft demand

The company's total expenses fell more than 2% to Rs 4,838 crore, as it gained from Rs 111 crore worth inventory-related changes

Sebi ups scrutiny of issue documents amid a rise in IPO in market: Reports

"The regulator has returned at least six public offer documents, as Sebi observed companies are misleading in their reasons for fundraise," said the first of the four people cited above

Google pledges 25 million euros to empower Europeans with AI skills

The firm will also run a series of growth academies to support companies using AI to scale their companies and has expanded its free online AI training courses to 18 languages

Ukraine's air defence system destroys 14 of 17 Russia-launched drones

He said that according to preliminary information, there were no casualties, but the facades of some non-residential buildings were damaged

Paytm confirms resignation of Payments Bank director Manju Agarwal

Manju Agarwal resigned from the board of Paytm Payments Bank on Feb 1 due to personal commitments, the company said in an exchange filing

Biden calls on snack cos to stop 'shrinkflation', calls practice a rip-off

"Give me a break. The American public is tired of being played for suckers. I'm calling on companies to put a stop to this. Let's make sure businesses do the right thing now," he said.

Jeff Bezos sells roughly 12 million shares of Amazon worth $2 billion

The sale plan, which is subject to certain conditions, was adopted on Nov. 8, 2023, and would be completed by Jan. 31, 2025, according to the company's latest annual report

Russian forces using Musk's Starlink internet in occupied areas: Ukraine

Starlink said on Feb. 8 that its terminals were not active in Russia and that SpaceX had never sold or marketed the service in Russia, nor shipped equipment to locations in Russia

Confident on global economic outlook despite uncertainties: IMF's Georgieva

'While uncertainties are still high, we can be a bit more confident about the economic outlook, because the global economy has been surprisingly resilient,' she said in the speech

Israel's Tower Semiconductor proposes $8 bn chip plant in India: Report

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, the report said

Xiaomi says India's scrutiny of Chinese firms unnerves suppliers: Report

In the letter, Xiaomi India President Muralikrishnan B. said India needed to work on 'confidence building' measures to encourage component suppliers to setup operations locally

Pakistan former PM Imran Khan's party says it aims to form government

Gohar Khan, the chairman of Khan's Pakistan Tehreek-Insaf (PTI) party who also acts as the former prime minister's lawyer, called on "all institutions" in Pakistan to respect his party's mandate

Dollar eases as market shrugs off rise in US monthly consumer prices

The dollar index fell 0.07% to 104.04, while the euro was up 0.08% to $1.0785

Hyundai Motor picks JPMorgan, Citi to accelerate $3 billion IPO: Report

The company plans to file regulatory papers in India by May to June for an approval, said two of the three sources, all of whom declined to be named as the talks are private

Paytm to form advisory committee on compliance, regulatory matters

The committee will be headed by Meleveetil Damodaran, former chairman of India's markets regulator, and "will work closely with the board," Paytm said in a press release

Hero MotoCorp Q3FY24 results: Profit rises 60% to Rs 1,073 crore

Indian consumers tend to splurge during the festival period, regarded as an auspicious time for big-ticket purchases such as cars, two-wheelers and electronic goods

Foreign exchange reserves rise to one-month high of $622.47 bn: RBI

The reserves rose by $5.74 billion in the reporting week, the biggest rise in nearly two months. Reserves had risen by $590 million in the prior week