IREDA FPO in the Works? Here is What the Management Said The Indian Renewable Energy Development Agency (IREDA) Ltd. informed the exchanges on Tuesday that news reports suggesting a proposed Follow-On Public Offer (FPO) are “incorrect.” IREDA stated in its exchange filing that these reports might have originated from recentContinue Reading
Job Cuts Coming At Paytm? What Vijay Shekhar Sharma Told Shareholders Fintech firm One97 Communications, which owns the Paytm brand, announced its results for the fourth quarter on May 22. Founder Vijay Shekhar Sharma’s statement to shareholders hints at looming job cuts. “We are optimizing our cost structure, leveraging AIContinue Reading
Fed’s Waller Rates Latest Inflation Report C+ Welcome to Investopedia’s economics live blog, where we break down daily economic news and its impact on the U.S. economy and your finances. Today, Federal Reserve Open Markets Committee officials share their perspectives on the fight against inflation. Government Sells 42 Million GallonsContinue Reading
OpenAI Chief Researcher Quits, Cites AI Safety Neglect Jan Leike, a prominent AI researcher at OpenAI, recently resigned, accusing the company of prioritizing rapid AI development over safety. In a detailed post on X, Leike expressed concerns about the fast-paced AI advancements and the potential dangers they pose if safetyContinue Reading
India on Brink of Economic Surge, Says RBI The Reserve Bank of India (RBI) reports that India is poised for a significant economic take-off, fueled by rising aggregate demand and increased non-food spending in rural areas. The global economic outlook is becoming fragile as inflation’s descent stalls, posing risks toContinue Reading
