Dharini Mudgal
Congress leader Priyanka Gandhi Vadra has reacted after Union Finance Minister Nirmala Sitharaman, while speaking in Parliament, said the inflation trend, particularly food, appears to be moderating. "I don't know which planet she is living on," Priyanka said. "She [Sitharaman] is saying there is no inflation, there is no rise in unemployment, there is no rise in prices," she added.
Feb 11th, 2025
Sakshita Khosla
Infosys' trainee employees who were fired have alleged that the company forced them to sign their release agreements. Talking about being asked to leave the Mysuru training facility suddenly, a terminated employee told The News Minute, "It was humiliating and traumatising. They asked us to leave immediately...We were thrown on the road." Another employee said some fired employees fainted.
Feb 11th, 2025
Ritesh Agarwal-led OYO will invest $10 million in the US-based G6 Hospitality, which operates Motel 6 and Studio 6. The company will channel the funds into growing the Motel 6 website and the My6 mobile app, with the goal of boosting app downloads by 4X before the summer season. Last year, OYO acquired G6 Hospitality from Blackstone Real Estate.
Feb 11th, 2025
Pragya Swastik
Elon Musk co-founded OpenAI with Sam Altman in 2015 but later parted ways with OpenAI. Musk repeatedly attacked Altman for prioritising profits over AI's ethical development. In 2017, Musk sought to become OpenAI's CEO, but co-founders rejected the idea. Musk launched OpenAI's rival xAI in 2023. Recently, Musk offered to buy OpenAI for $97.4 billion, but Altman rejected the offer.
Feb 11th, 2025
Mansi Agarwal
Swiggy's shares dipped roughly 7% during the trading session on Tuesday to hit a 52-week low of ₹335.5 on the NSE. Meanwhile, rival Zomato's shares also plunged over 5%. The dip came after the food delivery platforms' weak performance in the October-December quarter of the current financial year. Benchmark indices Sensex and Nifty also tanked more than 1% on Tuesday.
Feb 11th, 2025
Shailesh Lakhani and Abheek Anand, the two managing directors at Peak XV Partners, are leaving after spending over a decade at the venture capital firm, said sources briefed on the matter. Taking to X, Lakhani wrote, "As my time at Peak XV/Sequoia India reaches 17.5 years, I’ve decided it’s the right moment to step back from the firm."
Feb 11th, 2025
Edtech unicorn upGrad has announced a partnership with the Army Welfare Placement Organisation (AWPO). The partnership is aimed at empowering military veterans and their dependents, including wives, young graduates, and widows of martyrs, with career opportunities to seamlessly transition into India's corporate workforce.
Feb 11th, 2025
Mansi Agarwal
The salary gap between quick commerce workers and IT freshers has narrowed to ₹8,500 per month, as per Teamlease Digital data. The salary of delivery partners grew by 11.57% YoY to ₹3,12,000 per year in 2024-25, while dark store workers' pay grew by 9.15% to ₹2,42,000 per year. Meanwhile, IT freshers' pay rose by 5.97% to ₹4,14,000 per annum.
Feb 11th, 2025
Mansi Agarwal
OpenAI CEO Sam Altman told employees that the startup's board has no interest in Elon Musk's "supposed bid" for the company, The Information reported. A group led by Musk has offered to buy the non-profit that controls OpenAI for $97.4 billion. "It's time for OpenAI to return to the open-source, safety-focused force for good it once was," Musk said.
Feb 11th, 2025
Anmol Sharma
A consortium of investors led by billionaire Elon Musk is offering $97.4 billion to buy the nonprofit that controls OpenAI. It is an attempt by Musk to block OpenAI from transitioning to a for-profit firm. The consortium led by Musk includes his AI startup xAI, Baron Capital Group, Emanuel Capital and others.
Feb 11th, 2025
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Pragya Swastik
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