Business

Chinese court rules firms can’t lay off workers on AI grounds

A Chinese court ruled that tech firms cannot fire employees solely to replace them with AI, emphasizing that technological advancement…

4 months ago

Adam Back again denies he is Satoshi, Bitcoin’s inventor

Computer scientist Adam Back, whose work influenced Bitcoin's design, repeatedly denies being Satoshi Nakamoto. He believes the founder's anonymity has…

4 months ago

Kotak eyes Deutsche Bank’s retail assets, drops out of race for IDBI

Kotak Mahindra Bank is exploring Deutsche Bank's retail business, having exited the IDBI Bank acquisition due to valuation concerns. CEO…

4 months ago

Rohit Jain appointed as RBI deputy governor

Rohit Jain, an executive director with three decades of experience at the Reserve Bank of India, has been appointed as…

4 months ago

Government notifies FDI changes on China funds

India has eased foreign investment rules, allowing up to 100% FDI in insurance and relaxing norms for investments from neighbouring…

4 months ago

War and your SIPs: Stay, pause or exit?

Indian equities experienced significant volatility as geopolitical tensions impacted markets, leading to a weaker rupee and investor caution. While fear…

4 months ago

‘No dry outs’: Centre assures uninterrupted LPG supply, moves to ease demand with alternative fuels

The government assures uninterrupted fuel availability nationwide despite the West Asia crisis impacting global energy markets. Measures are in place…

4 months ago

100% FDI allowed in insurance sector under automatic route, inflows for LIC capped at 20%

The central government has announced 100% Foreign Direct Investment (FDI) in insurance companies via the automatic route, enabling full foreign…

4 months ago

The Parmigiano vault: How Italy’s ‘cheese banks’ power a 4 billion euro industry

In Emilia-Romagna, Italy, hundreds of thousands of wheels of Parmigiano Reggiano cheese are stored in climate-controlled warehouses, serving as valuable…

4 months ago

Oil’s well: Venezuela’s crude exports hit highest since 2018 — India, US and other buyers line up

Venezuela's crude exports surged 14% to 1.23 million barrels per day in April, reaching their fastest pace in over seven…

4 months ago