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Will AI take away jobs? No, Nvidia's Huang says: ‘It’s just like onboarding…'

Business

Published on Sep 30, 2024 12:47 PM IST

Nvidia CEO Jensen Huang believes AI agents will soon be as essential as human workers, assisting with repetitive tasks.

Jensen Huang, CEO of Nvidia, asserts that AI agents will complement human workers by handling tedious tasks, enhancing productivity. He views AI integration as a routine onboarding process and supports nuclear energy as a sustainable power source for data centers amid rising energy demands.(AFP)

ByHT News Desk

When Ratan Tata produced a film that turned out to be a box office disaster

Ratan Tata ventured into film production in the early 2000s with the 2004 movie Aetbaar, featuring Amitabh Bachchan, John Abraham, and Bipasha Basu.

Ratan Tata entered the film industry with Aetbaar in 2004, featuring Amitabh Bachchan. The film, inspired by Hollywood's Fear, failed to recover its <span class='webrupee'>₹</span>9.50 crore budget, earning only <span class='webrupee'>₹</span>7.96 crore, leading Tata to discontinue his film production efforts.(Instagram/@ratantata)

Business

Published on Sep 30, 2024 11:59 AM IST

ByHT News Desk

ByteDance plans new AI model trained with Huawei chips: Report

ByteDance, TikTok's parent company, is developing an AI model using Huawei's Ascend 910B chips amid U.S. export restrictions on advanced AI technology.

ByteDance is shifting to Huawei's chips for AI development due to US export limits. The company has ordered over 100,000 Ascend 910B chips but struggles with supply. Its AI initiatives, including the popular Doubao chatbot, have positioned it as a leading buyer of both Huawei and Nvidia chips.(Reuters)

Business

Published on Sep 30, 2024 11:43 AM IST

Reuters |

Why Sensex fell over 1,000 points today: 3 major reasons

Indian benchmark indices declined on September 30, with Sensex falling 1000 points and Nifty dropping below 26,000.

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 30, 2024 04:29 PM IST

ByHT News Desk

Diamonds no longer India’s largest product export to US, thanks to Apple iPhones

Smartphones, led by Apple iPhones, have become India's largest export to the US, surpassing non-industrial diamonds.

India's smartphone exports to the US have surged, reaching $2 billion in the June quarter, surpassing diamond exports. In FY24, total smartphone exports amounted to $15.6 billion, with iPhones making up 66% of this figure.(AP)

Business

Published on Sep 30, 2024 11:08 AM IST

ByHT News Desk

Visa update: Good news for Indians wishing to work and study in Australia

Australia to issue 1,000 Work and Holiday visas annually to Indian citizens from October 1. Eligible individuals can work and study in Australia for 12 months.

Australia visa: Starting October 1, Australia will grant 1,000 work and holiday visas annually to Indian citizens aged 18-30. The visa allows a 12-month stay for work and study, with a ballot selection process for applicants under the AI-ECTA agreement.

Business

Published on Sep 30, 2024 10:55 AM IST

ByHT News Desk

Coldplay concert row: BookMyShow CEO skips first summons, second notice issued

Mumbai Police's EOW summoned Ashish Hemrajani, CEO of Big Tree Entertainment, over alleged black market sales of Coldplay concert tickets.

Ashish Hemrajani, CEO of Big Tree Entertainment, has been summoned by Mumbai Police's EOW regarding alleged black market sales of Coldplay concert tickets. The action follows a complaint by Advocate Amit Vyas, who accused the company of misleading fans and facilitating illegal ticket sales.

Business

Updated on Sep 30, 2024 10:18 AM IST

ByHT News Desk

Gold Rate Today 30-09-2024: Check latest prices in your city

Gold And Silver rates Today : The price of 10 gm of 24 carat gold is Rs. 77563.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 98000.0/Kg in Delhi.

Business

Published on Sep 30, 2024 10:15 AM IST

Byhindustantimes.com

China's BYD recalls 97,000 top-selling EVs owing to major manufacturing fault

The affected Dolphin and Yuan Plus models were manufactured between November 2022 and December 2023.

Chinese automaker BYD is recalling 97,000 electric vehicles for a potential fire risk linked to a steering control unit. The affected models include Dolphin and Yuan Plus, produced between November 2022 and December 2023.(Reuters)

Business

Published on Sep 30, 2024 10:11 AM IST

Reuters |

Chinese carmakers sell fewest EVs in Europe since February 2023

Chinese manufacturers faced a significant 48% drop in electric car sales in Europe, marking the lowest registrations in 18 months.

Chinese EV sales in Europe dropped nearly 50% in August, with MG losing market share to BYD amid tariff uncertainties. The broader market saw a 5.5% decrease in registrations as major markets reevaluate buyer incentives.(AFP)

Business

Published on Sep 30, 2024 10:08 AM IST

Bloomberg |

Moodeng memecoin user invests ₹1 lakh. In 17 days, profit was ₹100 crore

Investing in Moodeng memecoin, a user earned over $12 million in 17 days. The rise of Moodeng has sparked insider trading concerns.

A cryptocurrency user turned a $1,300 investment in Moodeng memecoin into over $12 million in 17 days, raising concerns of insider trading due to limited liquidity. The memecoin gained popularity after being named after a pygmy hippo internet sensation.

Business

Published on Sep 30, 2024 10:02 AM IST

ByHT News Desk

Why Indian stock market is likely to be volatile in October? Hint: US elections

Indian stock market opened lower with Nifty 50 down 0.45% and BSE Sensex falling 0.42%. Experts predict increased volatility due to the upcoming US elections.

The Indian stock market declined on September 30 amid rising volatility linked to the US elections, with Nifty 50 and BSE Sensex both falling. Experts anticipate a market rally after the elections, while Asian markets gained from new stimulus measures.(Reuters)

Business

Updated on Sep 30, 2024 09:49 AM IST

ByHT News Desk

Sebi meet today amid row over Madhabi Puri Buch: Why investors are on edge

Sebi convenes today for its first meeting since Hindenburg's allegations against chairperson Madhabi Puri Buch.

Sebi chairperson Madhabi Puri Buch during the inauguration of investor awareness initiatives by the Association of Mutual Funds in India (AMFI), in Mumbai.(PTI)

Business

Published on Sep 30, 2024 09:40 AM IST

ByHT News Desk

Vardhman Group's SP Oswal duped of ₹7 crore, fraudsters posed as ‘CBI’

SP Oswal was defrauded of ₹7 crore by an inter-state cyber gang. Punjab Police arrested two suspects and recovered ₹5.25 crore.

A gang of cyber fraudsters scammed SP Oswal of <span class='webrupee'>₹</span>7 crore. Two arrests were made, recovering <span class='webrupee'>₹</span>5.25 crore, while seven others are identified. The fraudsters posed as CBI officers, threatening SP Oswal with a fake arrest warrant.

Business

Updated on Sep 30, 2024 04:54 PM IST

ByHT News Desk

Deadline for income tax audit report extended: What is the last date now?

Income tax audit last date: Deadline to submit the income tax audit report is extended to October 7. Failure to submit may incur a penalty.

Income tax audit last date: The CBDT extended the deadline due to challenges faced by taxpayers in electronically filing audit reports under the Income-tax Act, 1961.

Business

Updated on Sep 30, 2024 10:45 AM IST

ByHT News Desk

Pakistan cuts 150,000 government jobs. It's IMF's order

Pakistan plans to cut 150,000 government jobs, close six ministries, and merge two others as part of IMF reforms linked to a USD 7 billion loan.

Pakistan will eliminate 150,000 government jobs and consolidate ministries as part of IMF-required reforms for a USD 7 billion loan. The finance minister highlighted a growing economy, increased foreign reserves, and a significant rise in new taxpayers.(AFP)

Business

Published on Sep 30, 2024 08:45 AM IST

ByHT News Desk

BharatPe settles dispute with ex co-founder Ashneer Grover: What company said

BharatPe and Ashneer Grover reached a settlement, ending their dispute. Ashneer Grover's certain shares will be transferred to Resilient Growth Trust.

BharatPe has settled its dispute with Ashneer Grover, who will no longer be affiliated with the company. His shares will be managed by a family trust, and both parties have chosen to withdraw legal actions against each other.

Business

Updated on Sep 30, 2024 12:32 PM IST

ByHT News Desk

Oil prices rise as Hezbollah leader’s death stokes tensions in Middle East

Oil prices rose after the killing of Hezbollah leader Hassan Nasrallah, heightening Middle East tensions. Brent crude surpassed $72 a barrel.

A hole in the ground near the site of the assassination of Hezbollah leader Hassan Nasrallah in Beirut's southern suburbs. Following the assassination of Hezbollah leader Hassan Nasrallah, oil prices increased amid rising Middle East tensions. Brent crude rose above $72, while Israel targeted locations in Lebanon and Yemen. Iran's response has been measured, as President Pezeshkian avoided direct threats against Israel.(AP)

Business

Published on Sep 30, 2024 07:55 AM IST

Bloomberg |

Global stock markets today: Asia shares dragged by Nikkei, China keeps rallying

The Shanghai Composite rose 4.4%. Geopolitical uncertainties and upcoming U.S. economic data could influence market direction.

Smoke billows over Beirut's southern suburbs after a strike, amid ongoing hostilities between Hezbollah and Israeli forces, as seen from Sin El Fil, Lebanon.(Reuters)

Business

Updated on Sep 30, 2024 07:51 AM IST

Reuters |

Shanghai eases homebuying rules as China boosts aid

Shanghai has relaxed homebuying regulations, allowing non-residents to purchase homes after one year of social security or tax payments.

A drone view of an under-construction residential development by Country Garden in Shanghai, Chin. Downpayment ratios are lowered, effective Oct. 1, as part of measures to stabilize the struggling property sector amid economic challenges.(Reuters)

Business

Published on Sep 30, 2024 07:37 AM IST

Bloomberg |

Microsoft techie works just 20 hours a week, earns ₹2.5 crore? Viral post

A viral post claims a Microsoft employee works just 15-20 hours a week for a $300k salary, igniting discussions on modern work-life balance.

A viral post reveals a Microsoft employee works just 15-20 hours a week.(Pixabay)

Trending

Updated on Oct 02, 2024 10:11 AM IST

ByMahipal Singh Chouhan

OpenAI may become a public benefit corporation: What is it and what will change?

A public benefit Corp is a corporate structure under Delaware law which allows a for-profit entity to also commit to pursuing goals of bettering society

A symbol for the OpenAI virtual assistant arranged on a smartphone in Riga, Latvia, on Friday, Aug. 16, 2024.(Andrey Rudakov/Bloomberg)

Business

Published on Sep 29, 2024 04:19 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Tesla visits homes of staff in Germany who called in sick, gets slammed doors

This came after the percentage of Berlin gigafactory workers calling in sick reached 17% in August, compared to the German car industry's average of around 5%

The manager of Tesla’s gigafactory, André Thierig, said that turning up at the homes of staff like this was not unusual

Business

Updated on Oct 01, 2024 08:44 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Japanese cities got $45 million selling metals taken from cremated remains

The ashes of the cremated can sometimes have valuable metals like gold and palladium from dental fillings, or titanium from bone implants

The city of Kyoto earned the most in 2023. 303 million yen. This was followed by Yokohama at 233 million yen, and Nagoya at 225 million yen.

Business

Published on Sep 29, 2024 01:39 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Hyundai, Swiggy, NTPC Green Energy among cos to raise ₹60,000 cr in Oct-Nov

The primary market will see more than half a dozen companies lining up IPOs over the next two months to raise around ₹60,000 crore

Together, these firms are looking to raise <span class='webrupee'>₹</span>60,000 crore through their IPOs.

Business

Published on Sep 29, 2024 12:14 PM IST

PTI |

Mark Zuckerberg now fourth richest in the world, net worth crosses $200 billion

The Orion glasses propelled Meta shares to a record high, supporting Mark Zuckerberg's Metaverse bet, which initially looked like a mistake

Mark Zuckerberg talks about the Orion AR glasses during the Meta Connect conference Wednesday, Sept. 25, 2024, in Menlo Park, California(Godofredo A. Vásquez/AP)

Business

Published on Sep 29, 2024 11:43 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Jan Vishwas 2.0 bill in the works to further improve ease of doing business

The current Jan Vishwas Act decriminalised minor offences across 42 central acts and eliminated 183 criminal provisions across 19 ministries/departments

One of the main objectives of the Jan Vishwas (Amendment of Provisions) Act, 2023, was to remove outdated provisions in the law that no longer serve the evolving technological and business environment, especially in a global context(AFP)

Business

Published on Sep 29, 2024 10:40 AM IST

ByAbhyjith K. Ashokan

Gold Rate Today 29-09-2024: Check latest prices in your city

Gold And Silver rates Today : The price of 10 gm of 24 carat gold is Rs. 77573.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 98100.0/Kg in Delhi.

Business

Published on Sep 29, 2024 10:15 AM IST

Byhindustantimes.com

This lawyer who defended ‘El Chapo’ uses her narco-fame to launch a music career

The Puerto Rican daughter of a music director grew up listening to Mexican ballads always wanting to be a singer, but her family pushed her towards a law degree

Mariel Colon wears a creation as part of the April Black Diamond Spring Summer 2025 collection, in Milan, Italy, Sunday, Sept. 22, 2024.(Antonio Calanni/AP)

Business

Published on Sep 29, 2024 09:57 AM IST

AP |

Reliance gets govt nod for non-news, current affairs TV license transfer to Star

Reliance gets the government's approval to transfer Viacom18's non-news and current affairs TV channels licenses to Star India as part of their merger

Disney and Reliance logos are seen in this illustration(Reuters)

Business

Published on Sep 29, 2024 09:34 AM IST

ByAbhyjith K. Ashokan

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Business

Nvidia CEO Jensen Huang believes AI agents will soon be as essential as human workers, assisting with repetitive tasks.

Ratan Tata ventured into film production in the early 2000s with the 2004 movie Aetbaar, featuring Amitabh Bachchan, John Abraham, and Bipasha Basu.

ByteDance, TikTok's parent company, is developing an AI model using Huawei's Ascend 910B chips amid U.S. export restrictions on advanced AI technology.

Indian benchmark indices declined on September 30, with Sensex falling 1000 points and Nifty dropping below 26,000.

Smartphones, led by Apple iPhones, have become India's largest export to the US, surpassing non-industrial diamonds.

Australia to issue 1,000 Work and Holiday visas annually to Indian citizens from October 1. Eligible individuals can work and study in Australia for 12 months.

Mumbai Police's EOW summoned Ashish Hemrajani, CEO of Big Tree Entertainment, over alleged black market sales of Coldplay concert tickets.

Gold And Silver rates Today : The price of 10 gm of 24 carat gold is Rs. 77563.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 98000.0/Kg in Delhi.

The affected Dolphin and Yuan Plus models were manufactured between November 2022 and December 2023.

Chinese manufacturers faced a significant 48% drop in electric car sales in Europe, marking the lowest registrations in 18 months.

Investing in Moodeng memecoin, a user earned over $12 million in 17 days. The rise of Moodeng has sparked insider trading concerns.

Indian stock market opened lower with Nifty 50 down 0.45% and BSE Sensex falling 0.42%. Experts predict increased volatility due to the upcoming US elections.

Sebi convenes today for its first meeting since Hindenburg's allegations against chairperson Madhabi Puri Buch.

SP Oswal was defrauded of ₹7 crore by an inter-state cyber gang. Punjab Police arrested two suspects and recovered ₹5.25 crore.

Income tax audit last date: Deadline to submit the income tax audit report is extended to October 7. Failure to submit may incur a penalty.

Pakistan plans to cut 150,000 government jobs, close six ministries, and merge two others as part of IMF reforms linked to a USD 7 billion loan.

BharatPe and Ashneer Grover reached a settlement, ending their dispute. Ashneer Grover's certain shares will be transferred to Resilient Growth Trust.

Oil prices rose after the killing of Hezbollah leader Hassan Nasrallah, heightening Middle East tensions. Brent crude surpassed $72 a barrel.

The Shanghai Composite rose 4.4%. Geopolitical uncertainties and upcoming U.S. economic data could influence market direction.

Shanghai has relaxed homebuying regulations, allowing non-residents to purchase homes after one year of social security or tax payments.

A viral post claims a Microsoft employee works just 15-20 hours a week for a $300k salary, igniting discussions on modern work-life balance.

A public benefit Corp is a corporate structure under Delaware law which allows a for-profit entity to also commit to pursuing goals of bettering society

This came after the percentage of Berlin gigafactory workers calling in sick reached 17% in August, compared to the German car industry's average of around 5%

The ashes of the cremated can sometimes have valuable metals like gold and palladium from dental fillings, or titanium from bone implants

The primary market will see more than half a dozen companies lining up IPOs over the next two months to raise around ₹60,000 crore

The Orion glasses propelled Meta shares to a record high, supporting Mark Zuckerberg's Metaverse bet, which initially looked like a mistake

The current Jan Vishwas Act decriminalised minor offences across 42 central acts and eliminated 183 criminal provisions across 19 ministries/departments

Gold And Silver rates Today : The price of 10 gm of 24 carat gold is Rs. 77573.0/10 grams in Delhi, whereas 1 kg of silver is Rs. 98100.0/Kg in Delhi.

The Puerto Rican daughter of a music director grew up listening to Mexican ballads always wanting to be a singer, but her family pushed her towards a law degree

Reliance gets the government's approval to transfer Viacom18's non-news and current affairs TV channels licenses to Star India as part of their merger

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