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ChatGPT-owner OpenAI is exploring making its own AI chips: Report

CEO Sam Altman has made the acquisition of more AI chips a top priority for the company. He has publicly complained about the scarcity of graphics processing units, a market dominated by Nvidia

Crude oil prices hold steady, Russia rolls back diesel export ban

On Friday, Brent futures were down 11 cents, or 0.13%, at $83.96 at 1203 GMT, while U.S. West Texas Intermediate crude futures were down 13 cents, or 0.16%, at $82.18

US unemployment rate unchanged at 3.8%, job growth beats Sept expectations

Nonfarm payrolls increased by 336,000 jobs last month, the Labor Department said in its closely watched employment report on Friday

Rate-sensitive sectors lead rise in stock market on RBI's repo rate pause

The NSE Nifty 50 index closed 0.55% higher at 19,653.50 points, while the S&P BSE Sensex rose 0.55% to 65,995.63. Both the benchmarks logged weekly gains, snapping a two-week losing streak

Emerging economies face China and rate pressures as IMF, World Bank meet

Restructuring efforts for defaulted countries could reach a breakthrough before year-end as talks continue, while the finances of nations like Pakistan and Egypt will also be under scrutiny

Dabur flags weak Q2 operating profit on delayed monsoon, festive season

Dabur, which sells Vatika Shampoo and Honitus cough syrup brands, said improving macro economic indicators and positive consumer sentiment will help in "gradual" recovery in urban and rural markets

Indian steel companies plan price rises as coking coal costs surge

Steel mills are likely to raise rates by $25 to $50 a metric ton by December, said the officials, who did not wish to be named as they are not authorised to speak to media

iPhone 15 series: Apple releases software update to resolve heating issue

The latest update to the iOS 17 software includes important bug fixes, security updates, and addresses an issue that may cause the iPhone to run warmer than expected, said an Apple spokesperson

Emerging economies face China and rate pressures as IMF, World Bank meet

Restructuring efforts for defaulted countries could reach a breakthrough before year-end as talks continue, while the finances of nations like Pakistan and Egypt will also be under scrutiny

Citi India sees $22 billion in equity capital deals in 2023, says CEO

"Initial public offerings have come back and you have seen a flurry of block deal activity given where markets are. Now we are starting to see institutional share sales as well," said Ashu Khullar

Indian IT firms set for 'washout' year, focus now on 2025: JP Morgan

The focus for this quarter's earnings reports will be on deal signings as well as the split of new deals versus renewals to assess fiscal 2025 growth, the analysts said

Oyo Hotels in talks with Apollo to refinance $660 million loan: Report

Oyo Hotels and Homes is in talks to refinance a $660 million loan with Apollo Management Inc after a delay in its initial public offering, Bloomberg News reported on Thursday

Citi India sees $22 billion in equity capital deals in 2023, says CEO

"Given the interest in India as a market, at some point people will look at both organic and inorganic way to come into the market," Khullar said

Oil prices drop further as uncertain demand outlook weighs OPEC+

The U.S. services sector slowed in September as new orders fell to a nine-month low, though the pace remained consistent with expectations for solid third quarter economic growth

US trade deficit narrows to nearly three-year low in August: Report

Imports of goods and services fell 0.7% to $314.3 billion

Q2 profitability under stress on lower edible oil prices, says Adani Wilmar

Sales value from edible oil constituted a hefty 74% of the company's topline in the September quarter. Low edible oil prices also contributed to its swing to loss in the June quarter

Large cap laggards among Goldman Sachs' conservative bet ahead of elections

The blue-chip Nifty 50 has risen more than 16% from its March lows, compared to a 37% rally in mid-caps

GST Council likely to exempt distilled alcohol used to make liquor from tax

However, states adopt different practices while imposing GST on extra neutral alcohol, which is key input used to produce liquor

Bajaj Finance to raise Rs 10,000 crore through QIP, preferential issue

The company said it will raise up to Rs 8,800 crore of capital through qualified institutional placement of shares

Govt extends tenure of SBI chairman Dinesh Khara until August 2024

The government is likely to issue an order to this effect shortly, the sources said