News

Elon Musk and OpenAI are heading to court this autumn in a lawsuit that could determine the future of the ChatGPT maker's business model. Musk accuses OpenAI of abandoning its original mission to develop AI for humanity and instead pursuing a for-profit model, while OpenAI denies these claims and argues the transition is essential for attracting investors and competing in the AI race.

The Torrent Group, a diversified conglomerate, has successfully acquired a 67% majority stake in the Indian Premier League (IPL) franchise Gujarat Titans, marking a significant move in the sports and business landscape. This acquisition is expected to benefit both the franchise and the Torrent Group, leveraging their respective strengths and expertise.

The Institute of Chartered Accountants of India (ICAI) is likely to review IndusInd Bank's books following accounting discrepancies in its derivatives portfolio, potentially leading to disciplinary action against the involved auditors. The bank's stock has plummeted by approximately 30% since the announcement, causing concern among investors.

India's smartphone industry is poised for a major transformation, fueled by government initiatives, a thriving tech ecosystem, and a rapidly expanding consumer base, according to Nothing Co-Founder and CEO Carl Pei. Pei believes India has the potential to become a global smartphone powerhouse, mirroring China's growth a decade ago.

The Indian Railways' plan to introduce hydrogen-powered trains faces financial and technical hurdles, with experts questioning the high cost and logistical challenges associated with the technology. While the project aims to reduce carbon emissions and transition to clean energy, concerns remain about its feasibility and cost-effectiveness.