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Investors of OpenAI May Take Legal Actions Against the Board for Sam Altman’s Firing

Investors of OpenAI May Take Legal Actions Against the Board for Sam Altman’s Firing

According to Reuters, investors in OpenAI, the parent company of the generative artificial intelligence program ChatGPT, are exploring legal action against the business's board following the resignation of CEO Sam Altman. According...

Under the PMLA, the ED files a prosecution complaint against Amway India

Under the PMLA, the ED files a prosecution complaint against Amway India

The Enforcement Directorate (ED) announced on Monday that it has filed a prosecution charge against Amway India under the Prevention of Money Laundering Act, 2002 (PMLA). The complaint was submitted with the Hon'ble Metropolitan Sessions...

India On the Road to Become $4 trillion Economy

India On the Road to Become $4 trillion Economy

India's GDP is still some way from hitting $4 trillion, but economists believe the milestone is not far away. According to the Union Budget 2023-24, India's nominal GDP is expected to reach Rs 301.75 lakh crore, a 10.5% increase from Rs...

The National Pharmacy Commission Bill Draft has been Released

The National Pharmacy Commission Bill Draft has been Released

The draft National Pharmacy Commission Bill, 2023, released by the Union Health Ministry, intends to repeal the Pharmacy Act of 1948 and replace the Pharmacy Council of India with a national commission.  On November 14, the ministry posted...

Satya Nadella, the CEO of Microsoft, Announced the hiring of Former OpenAI CEO Sam Altman

Satya Nadella, the CEO of Microsoft, Announced the hiring of Former OpenAI CEO Sam Altman

Sam Altman's abrupt departure from OpenAI shook the tech world earlier this weekend. Satya Nadella has now announced in a tweet that Sam Altman, Greg Brockman, and other former OpenAI staffers will be joining Microsoft. "We remain...

Nawaz Modi sets terms for split from Gautam Singhania

Nawaz Modi sets terms for split from Gautam Singhania

According to sources in the know, Nawaz Modi Singhania, 53, the estranged wife of billionaire entrepreneur Gautam Singhania, has requested 75% of his approximately $1.4 billion net worth for her two daughters Niharika and Nisa, as part of a family...

Two days after being dismissed, Sam Altman was welcomed to the OpenAI Office

Two days after being dismissed, Sam Altman was welcomed to the OpenAI Office

On Sunday, former OpenAI CEO Sam Altman and former President Greg Brockman were visiting the company's offices in San Francisco. This comes just two days after Altman was sacked by OpenAI's board of directors.  According to The...

Govt intends to Transfer Unclaimed Funds from Sahara-Sebi Return Account

Govt intends to Transfer Unclaimed Funds from Sahara-Sebi Return Account

According to reports, the government is investigating the legality of moving unclaimed monies from the Sahara-Sebi Refund Account to the Consolidated Fund of India. It is believed to include a provision for later-filed claims by investors. This...

The claims of Favouritism are an attempt to put the Dharavi project on Hold

The claims of Favouritism are an attempt to put the Dharavi project on Hold

On Saturday, the Adani Group-led Dharavi Redevelopment Project (DRP) denied claims of favoritism in the case. DRP, which includes the Maharashtra government as a stakeholder, claimed in a statement that "vested interests" are aiming to...

27 Companies Approved for PLI: More than 50,000 Jobs are Expected

27 Companies Approved for PLI: More than 50,000 Jobs are Expected

The Indian government's adoption of Production Linked Incentive (PLI) schemes in the IT hardware sector is a significant step towards increasing local production. The Minister for Electronics and Information, Ashwini Vaishnaw, said that 27...

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