News / Author / Mallika Soni

Mallika Soni

When not reading, this ex-literature student can be found searching for an answer to the question, "What is the purpose of journalism in society?"

Articles by Mallika Soni

Zomato co-founder Akriti Chopra quits after 13-year tenure

Zomato co-founder Akriti Chopra has stepped down after 13 years with the company, effective September 27, 2024.

Akriti Chopra, co-founder and Chief People Officer of Zomato, has resigned after a 13-year tenure. Effective September 27, 2024, she plans to pursue other interests while thanking CEO Deepinder Goyal for her enriching journey.

Business

Updated on Sep 27, 2024 08:40 PM IST

ByMallika Soni

Elon Musk slams OpenAI again over for-profit shift: ‘This is deeply wrong’

Elon Musk condemned OpenAI's transition to a for-profit model, labeling it 'wrong'. He criticized the company for allegedly misleading investors.

Elon Musk has criticized OpenAI for converting to a for-profit model, claiming it misleads investors and deviates from its humanitarian goals. He previously filed a lawsuit against its leadership over these concerns.(Getty Images)

Business

Published on Sep 26, 2024 11:24 AM IST

ByMallika Soni

OpenAI executives are leaving as Sam Altman company tries to raise funds: Report

OpenAI CTO Mira Murati and two executives have left as the company faces an exodus of leaders amidst efforts to secure billions in funding for AI development.

Mira Murati, a key figure at OpenAI since 2018, announced her departure to pursue personal projects, marking a significant leadership change.(AP)

Business

Published on Sep 26, 2024 10:53 AM IST

ByMallika Soni

Truecaller will automatically decline spam calls for you with this feature

The Auto-Block Spam feature, already on Android, stops unwanted calls and is now available for iPhone Premium subscribers using version 13.12.

Truecaller launches Auto-Block Spam for iPhones on iOS 18, allowing Premium users to automatically decline spam calls from scammers and telemarketers.(Truecaller)

Business

Published on Sep 26, 2024 09:26 AM IST

ByMallika Soni

Sundar Pichai says antitrust trials may drag for years: ‘Really harms Google…'

Sundar Pichai stated that resolving Google's antitrust issues will take years, but they won't impact business immediately.

Business

Published on Sep 26, 2024 09:16 AM IST

ByMallika Soni

OpenAI plans to convert to a for-profit company, give Sam Altman 7% stake

OpenAI plans to give CEO Sam Altman a 7% equity stake and transition to a for-profit model. This follows senior management departures in the company.

OpenAI is considering a shift to a for-profit structure, granting CEO Sam Altman a 7% equity stake. This change follows the departure of key executives and aims to align profit generation with its mission of benefiting society. No timeline has been set.(Reuters)

Business

Published on Sep 26, 2024 08:24 AM IST

ByMallika Soni

Meet iPhone designer Jony Ive who is working on AI device with Sam Altman

Jony Ive is collaborating with OpenAI's Sam Altman on an AI hardware project. The team is exploring generative AI's potential to innovate computing.

Former Apple design chief Jony Ive is developing an AI hardware project with OpenAI CEO Sam Altman. Funded by Emerson Collective, the initiative involves a small team and aims to leverage generative AI to enhance computing capabilities, potentially raising $1 billion.

Business

Updated on Sep 25, 2024 12:02 PM IST

ByMallika Soni

Nithin Kamath says Zerodha earned 4,700 crore in FY24, profit of traders is…

Zerodha's FY24 profit soared 62% to ₹4,700 crore, with revenue up 21% to ₹8,320 crore but regulatory changes may lead to a revenue drop of 30% to 50%.

Zerodha reported a 62% rise in FY24 profit to <span class='webrupee'>₹</span>4,700 crore, while revenue grew 21% to <span class='webrupee'>₹</span>8,320 crore. With traders holding over <span class='webrupee'>₹</span>1 lakh crore in unrealized profits, potential regulatory changes could cause a revenue decline of up to 50%.

Business

Published on Sep 25, 2024 11:50 AM IST

ByMallika Soni

Melinda French Gates hates CEOs who sleep less: ‘Let’s be honest, they are dumb’

Melinda French Gates criticized CEOs who boast about sleeping less, calling them 'dumb.' She advocates for 7-8 hours of sleep, a view echoed by Bill Gates.

US philanthropist Melinda French Gates denounced top CEOs for minimizing sleep, advocating for 7-8 hours nightly. Bill Gates shared his past misconceptions about sleep, now emphasizing its critical role in health, especially after witnessing Alzheimer's effects. Elon Musk has also shifted to prioritize more sleep.(AFP)

Business

Published on Sep 25, 2024 10:53 AM IST

ByMallika Soni

Sam Altman says doing psychedelics in Mexico changed his life: ‘Made me calm’

Sam Altman, OpenAI cofounder, recounted transformative psychedelic experiences noting they helped him overcome anxiety and unhappiness.

Sam Altman shared on 'Life in Seven Songs' how psychedelics changed his perspective, turning him from an anxious person into a calm one. He emphasized a retreat in Mexico as particularly significant and mentioned his occasional psychedelic experiences at Burning Man.(Reuters)

Business

Published on Sep 25, 2024 10:21 AM IST

ByMallika Soni

Zerodha is expecting a major revenue dip soon, Nithin Kamath shares

Zerodha CEO Nithin Kamath stated the company is experiencing a revenue plateau and anticipates a significant decline due to new Sebi regulations.

Nithin Kamath, CEO of Zerodha, indicated the firm is facing a revenue plateau with an expected decline later this year due to Sebi regulations. He noted potential drops in earnings from index derivatives and changes in Annual Maintenance Charges affecting revenue.(X/Nithin Kamath)

Business

Published on Sep 25, 2024 09:17 AM IST

ByMallika Soni

Hyundai Motor's $3 billion IPO- India's biggest- gets Sebi nod: October launch?

Hyundai Motor India Limited received Sebi's approval for a $3 billion IPO, set to be India's largest, surpassing LIC's $2.7 billion listing.

Hyundai Motor India has secured approval for a $3 billion IPO, aiming to be the largest in India. The offering, targeting an $18-$20 billion valuation, includes the sale of over 142 million equity shares to boost visibility and market presence.(Reuters)

Business

Updated on Sep 25, 2024 08:07 AM IST

ByMallika Soni

Sam Altman says superintelligence is coming: ‘Going to get so good, so soon’

OpenAI CEO Sam Altman predicts superintelligence may be achieved in a few thousand days, enhancing human capabilities and driving scientific breakthroughs.

Sam Altman, CEO of OpenAI, believes superintelligence could emerge in a few thousand days, significantly enhancing human abilities and enabling scientific advancements. He highlights AI's role in solving complex challenges and improving societal intelligence, transforming what is possible for humanity.(AFP)

Business

Updated on Sep 24, 2024 03:30 PM IST

ByMallika Soni

Will there be a recession soon? CEO of biggest US bank JP Morgan says this

Jamie Dimon of JP Morgan warned about ongoing global inflation and recession risks, while praising the resilience of the US and India.

Jamie Dimon of JP Morgan acknowledged ongoing global recession risks while praising the resilience of the US and Indian economies. He indicated that geopolitical factors and everyday economic activities will influence future market trends more than interest rates.(Reuters)

Business

Published on Sep 24, 2024 01:56 PM IST

ByMallika Soni

Elon Musk hates block feature on X. So, he brought this big change for users

Elon Musk's X has changed its block feature, allowing blocked users to view public posts. Previously, blocked users couldn't see profiles or followers.

Elon Musk's X is modifying its block feature so blocked users can view public posts. This shift comes as Musk argues for a stronger mute option, alongside new restrictions for livestreaming by premium users.(AP)

Business

Published on Sep 24, 2024 01:04 PM IST

ByMallika Soni

Samsung's 'no work, no pay' showcause notice to protesting workers: Top updates

Samsung India protests: Samsung Electronics' strike in Chennai reaches day 16 as the company warns striking workers of 'no work, no pay' policy.

Samsung India protests: Security guards stand outside a Samsung facility during a strike by the factory workers demanding higher wages in Sriperumbudur, near Chennai.(Reuters)

Business

Published on Sep 24, 2024 12:09 PM IST

ByMallika Soni

Elon Musk praises Italy PM Giorgia Meloni: ‘Authentic, honest, truthful’

Elon Musk honored Italy's PM Giorgia Meloni with the Atlantic Council Global Citizen Award in New York, praising her authenticity and support for the EU.

Elon Musk celebrated Giorgia Meloni with the Global Citizen Award, highlighting her strong EU support. Meloni warned against unchecked migration and stressed the need for political control over AI to prevent global imbalances.(AP)

Business

Updated on Sep 24, 2024 11:11 AM IST

ByMallika Soni

JPMorgan's Jamie Dimon on India: ‘Can hit $7-trillion target by 2030'

JPMorgan CEO Jamie Dimon expressed optimism about India's growth, praising its financialization and infrastructure reforms.

JPMorgan CEO Jamie Dimon emphasized the importance of US-India economic relations and criticized over-reliance on China, advocating for diverse supply chains and better policies.(Bloomberg)

Business

Published on Sep 24, 2024 10:50 AM IST

ByMallika Soni

Sensex crosses 85,000 for the first time, Nifty at fresh record high

Sensex and Nifty hit record highs for the fourth consecutive session, boosted by the Federal Reserve's rate cut.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)

Business

Updated on Sep 24, 2024 10:11 AM IST

ByMallika Soni

Melinda French Gates says she doesn't like being a billionaire because…

Melinda French Gates emphasizes the responsibility that comes with her wealth, estimated at $11-$13.5 billion.

Melinda French Gates discusses her wealth, viewing it as a responsibility rather than a burden. With a net worth of $11-$13.5 billion, she intends to focus on philanthropy for women and families, especially after resigning from the Gates Foundation and receiving additional funds for charitable work.(AP)

Business

Published on Sep 24, 2024 09:58 AM IST

ByMallika Soni

Nvidia's Jensen Huang effusively praises ‘incredible student’ PM Modi

Nvidia CEO Jensen Huang emphasized India's potential in AI during a meeting with PM Modi in New York, highlighting India's thriving startup economy.

Jensen Huang, co-founder and chief executive officer of Nvidia Corp, after meeting PM Modi, highlighted India's opportunity in AI, its talented workforce, and the importance of partnerships in advancing the country’s growing startup economy and AI infrastructure.(Bloomberg)

Business

Published on Sep 23, 2024 11:18 AM IST

ByMallika Soni

Sundar Pichai praises PM Modi's ‘clear vision’ for AI in India

Prime Minister Modi engaged with tech leaders, including Sundar Pichai and Jensen Huang, during his US visit, discussing India's potential and AI opportunities.

Sundar Pichai, CEO of Google and Alphabet, is seen. Sundar Pichai emphasized PM Modi's challenge to leverage AI for India's benefit and highlighted Google's commitment to AI investments in the country.(Reuters)

Business

Updated on Sep 23, 2024 10:09 AM IST

ByMallika Soni

Coldplay India Tour 2025 adds another day: Check new date, ticket price, details

British band Coldplay has added a third date for their India performance at Navi Mumbai's DY Patil Stadium due to “phenomenal demand”

Singer Chris Martin and his British rock band Coldplay will be back in Indian in January.(AFP)

Business

Updated on Sep 22, 2024 02:01 PM IST

ByMallika Soni, Abhyjith K. Ashokan

BookMyShow crashes after Coldplay India 2025 bookings start

BookMyShow's website and mobile application crashed right after the booking for British band Coldplay's India performance started

Business

Updated on Sep 22, 2024 01:55 PM IST

ByMallika Soni, Abhyjith K. Ashokan

Bhavish Aggarwal doubles his net worth with Ola Electric IPO listing

Bhavish Aggarwal adds almost $1.2 billion to his wealth as Ola Electric lists at price band at ₹76 a share.

Bhavish Aggarwal, CEO of Ola Cabs, and founder of Ola Electric, speaks during a press conference ahead of the company's IPO launch in Mumbai.(Reuters)

Business

Updated on Aug 09, 2024 12:33 PM IST

ByMallika Soni

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs

Owing to RBI maintaining the status quo, the home loan interest rates and equated monthly instalments (EMIs) remain unchanged for borrowers.

Business

Updated on Aug 08, 2024 11:29 AM IST

ByAbhyjith K. Ashokan, Mallika Soni

RBI keeps repo rate unchanged at 6.5%; Inflation, GDP growth forecast retained

The RBI keeps repo rates unchanged at 6.5% for the ninth time

RBI governor Shaktikanta Das addresses during a press conference regarding the monetary policy decisions, in Mumbai. (ANI)

Business

Updated on Aug 08, 2024 10:54 AM IST

ByMallika Soni, Abhyjith K. Ashokan

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Mallika Soni

When not reading, this ex-literature student can be found searching for an answer to the question, "What is the purpose of journalism in society?"

Zomato co-founder Akriti Chopra has stepped down after 13 years with the company, effective September 27, 2024.

Elon Musk condemned OpenAI's transition to a for-profit model, labeling it 'wrong'. He criticized the company for allegedly misleading investors.

OpenAI CTO Mira Murati and two executives have left as the company faces an exodus of leaders amidst efforts to secure billions in funding for AI development.

The Auto-Block Spam feature, already on Android, stops unwanted calls and is now available for iPhone Premium subscribers using version 13.12.

Sundar Pichai stated that resolving Google's antitrust issues will take years, but they won't impact business immediately.

OpenAI plans to give CEO Sam Altman a 7% equity stake and transition to a for-profit model. This follows senior management departures in the company.

Jony Ive is collaborating with OpenAI's Sam Altman on an AI hardware project. The team is exploring generative AI's potential to innovate computing.

Zerodha's FY24 profit soared 62% to ₹4,700 crore, with revenue up 21% to ₹8,320 crore but regulatory changes may lead to a revenue drop of 30% to 50%.

Melinda French Gates criticized CEOs who boast about sleeping less, calling them 'dumb.' She advocates for 7-8 hours of sleep, a view echoed by Bill Gates.

Sam Altman, OpenAI cofounder, recounted transformative psychedelic experiences noting they helped him overcome anxiety and unhappiness.

Zerodha CEO Nithin Kamath stated the company is experiencing a revenue plateau and anticipates a significant decline due to new Sebi regulations.

Hyundai Motor India Limited received Sebi's approval for a $3 billion IPO, set to be India's largest, surpassing LIC's $2.7 billion listing.

OpenAI CEO Sam Altman predicts superintelligence may be achieved in a few thousand days, enhancing human capabilities and driving scientific breakthroughs.

Jamie Dimon of JP Morgan warned about ongoing global inflation and recession risks, while praising the resilience of the US and India.

Elon Musk's X has changed its block feature, allowing blocked users to view public posts. Previously, blocked users couldn't see profiles or followers.

Samsung India protests: Samsung Electronics' strike in Chennai reaches day 16 as the company warns striking workers of 'no work, no pay' policy.

Elon Musk honored Italy's PM Giorgia Meloni with the Atlantic Council Global Citizen Award in New York, praising her authenticity and support for the EU.

JPMorgan CEO Jamie Dimon expressed optimism about India's growth, praising its financialization and infrastructure reforms.

Sensex and Nifty hit record highs for the fourth consecutive session, boosted by the Federal Reserve's rate cut.

Melinda French Gates emphasizes the responsibility that comes with her wealth, estimated at $11-$13.5 billion.

Nvidia CEO Jensen Huang emphasized India's potential in AI during a meeting with PM Modi in New York, highlighting India's thriving startup economy.

Prime Minister Modi engaged with tech leaders, including Sundar Pichai and Jensen Huang, during his US visit, discussing India's potential and AI opportunities.

British band Coldplay has added a third date for their India performance at Navi Mumbai's DY Patil Stadium due to “phenomenal demand”

BookMyShow's website and mobile application crashed right after the booking for British band Coldplay's India performance started

Bhavish Aggarwal adds almost $1.2 billion to his wealth as Ola Electric lists at price band at ₹76 a share.

Owing to RBI maintaining the status quo, the home loan interest rates and equated monthly instalments (EMIs) remain unchanged for borrowers.

The RBI keeps repo rates unchanged at 6.5% for the ninth time

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