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Age of AI is here as it is 'most important' for all times: Nvidia CEO Huang

The greatest challenges of our time, unimaginable challenges to overcome in the past, all of a sudden seem possible to tackle, Nvidia CEO added

IMF approves third review of Sri Lanka's $2.9 bn bailout, warns of risks

Cash-strapped Sri Lanka plunged into its worst financial crisis in more than seven decades in 2022 with a severe dollar shortage sending inflation soaring to 70 per cent, its currency to record lows

Wealthy countries back raising COP29 climate deal to $300 billion

The summit had been due to finish on Friday but ran into overtime as negotiators from nearly 200 countries

Adani CFO defends against US charges, says linked to one business contract

Group CFO Jugeshinder Singh sought to defend allegations saying none of Adani's 11 public companies 'are subject to indictment' or 'are accused of any wrongdoing in the said legal filing'

US Supreme Court to decide legality of FCC fund for telecom services

Case involves the non-delegation doctrine, a legal concept that embraces the view that Congress cannot delegate the legislative powers given to it under the Constitution to other entities

Procter & Gamble ramps up presence on TikTok's Douyin to boost sales

Influencers on Douyin like Ni Bi Yi, a young mom, and Chou Dan, known for her jokes, tout Pantene's jasmine fragrance and ability to repair their hair, according to posts on the China-based sister app

US judge rejects SEC's attempt to sanction Elon Musk over testimony

The SEC did not immediately respond to a request for comment after business hours. Lawyers for Musk did not immediately respond to similar requests

Nissan convinces US court to decertify brake defect class actions

Writing for a three-judge panel, however, Chief Judge Jeffrey Sutton said some drivers may never have experienced sudden braking, or sought repairs to begin with

Advent likely to sell Manjushree Technopack for nearly $1 billion to PAG

Founded in 1983, Manjushree has 21 locations across India, with its headquarters in Bengaluru, according to Advent's website

Adanis knew of US probe when they sold assets to TotalEnergies: Prosecutors

TotalEnergies bought a 20% stake in Adani Green Energy in January 2021 - after the Indian company won what was then the world's largest solar order

Amazon doubles down on AI startup Anthropic with $4 billion investment

The e-commerce company's increased investment in Anthropic underscores the billions of dollars funneled into AI startups over the past year

Global lenders may freeze fresh credit to Adani firms, await govt reaction

The banker said most of the group firms have stable cash flows and are not in "desperate need" to raise capital

Advent agrees to sell Manjushree Technopack to PAG for nearly $1 billion

With the signing of the sale, Advent will withdraw the IPO application from Sebi, said one of the sources

UK regulator considers probe into Apple's, Google's mobile browsers

The CMA's independent inquiry group also proposed that no further action be taken on cloud gaming given primary concerns had been addressed

ArcelorMittal delays green capex in EU, cites regulatory uncertainties

"We are operating in a difficult market, and there are a number of policy uncertainties that are impacting the industry," the company said in an emailed statement

Donald Trump granted permission to seek dismissal of hush money case

Bragg's office said they would argue against dismissal, but agreed Trump deserved time to make his case through written motions

HSBC stops processing all Russia, Belarus payments for retail customers

A message sent from the bank to its personal banking customers and seen by Reuters said the lender has 'made the decision to stop processing payments' from the two countries

Sebi proposes more diversified ownership of equity clearing corporations

A clearing corporation is responsible for the confirmation, settlement and delivery of trades

Honeywell to sell PPE biz to Protective Industrial Products for $1.33 bn

A potential sale of the PPE business was disclosed before activist Elliott Investment called for a split of the company's aerospace and automation businesses after taking a $5 billion-plus stake

Bosch plans to slash 5,550 jobs in latest blow to German auto sector

Bosch, the world's biggest car parts supplier, said it is planning to cut 3,500 jobs by end-2027 in its cross-domain computer solutions division