Business News

Business

Meta Unveils Revolutionary AI Model to Elevate Metaverse Interactions

Meta introduces Meta Motivo, an AI model enhancing digital agent movements in the Metaverse, alongside the Large Concept Model and Video Seal, as part of its $37-40 billion investm...

Business

Reliance Secures a Decade-Long Oil Supply Deal Worth $12-13 Billion Annually from Rosneft

Reliance Industries Ltd signs a 10-year deal with Russia's Rosneft for $12-13bn a year oil import, making Russia a key supplier to India's largest private sector company.

Business

Historic Drop in Gross NPAs: PSU Banks' Remarkable Turnaround

The gross non-performing asset (GNPA) ratio of public sector banks dropped to a record low of 3.1% as of Sept 2024, down from 14.6% in March 2018, following the 4R's strategy and v...

Business

Nandan Nilekani: India Should Not Invest in Building Another LLM

Nandan Nilekani argues against India investing in building another large language model, suggesting resources should be directed towards compute, infrastructure, and AI cloud inste...

Business

Inflation Easing: A Pathway to Revived Consumption

Harsha Vardhan Agarwal discusses the impact of inflation on consumption and the prospects for recovery, emphasizing the need for inflation control and increased government spending...

Business

Food Prices Ease, Bringing Hope for Rate Cuts and Economic Stability

India's retail inflation eased to 5.5% in November due to softening food prices, while industrial output showed a modest upturn in October. Experts highlight the need for sustained...

Business

Urban Demand Decline Threatens India's FMCG Sector in 2025

India's FMCG sector faces challenges in 2025 as urban middle-class spending falters and inflationary pressures rise, potentially impacting consumption and company margins.

Business

Serie A Teams Up with Meta to Combat Illegal Streaming

Serie A joins forces with Meta to combat illegal live streaming of soccer matches on Facebook and Instagram, aiming to protect broadcast rights and revenue. The partnership include...