The Economic Time
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Electric two-wheeler sales drop 50% on month in April
Electric two-wheeler sales plummeted 50% in April due to a seasonal slump worsened by subsidy changes. Ola Electric dominated with 33,000 scooter...
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New growth markets for IT firms; Stride Ventures closes third fund
Indian IT firms are seeing rapid growth in new geographies amid a slowdown in their established North American market. More on this in today’s...
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US news publishers sue Microsoft, OpenAI: All you need to know
US news publishers sue Microsoft and OpenAI for copyright infringement in training AI models. OpenAI responds by emphasizing support for news...
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Novo Nordisk owner to invest $200 million in quantum computing startups
Novo Holdings, the investment arm of the Novo Nordisk Foundation, has 77% of voting shares in Novo Nordisk, which is known for producing...
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Microsoft to power data centers with Brookfield renewables deal: report
Microsoft expects its partnership with Brookfield to help finance the creation of renewable electricity projects to be built between 2026 and...
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Nepalis fight TikTok ban in court, or ignore it entirely
When Nepal suddenly announced a ban on TikTok last year, lawyer Sunil Rajan Singh was determined to fight what he said was a government effort to...
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RBI scanner on gold loan startups; setback for lending firms
Happy Wednesday! After the central bank's action on IIFL Finance, concerns have been raised over gold loan evaluation by fintechs and their partner...
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Binance's Changpeng Zhao sentenced to four months in prison over money laundering violations
Former Binance CEO Changpeng Zhao ('CZ'), 47, sentenced to four months in prison by U.S. District Judge Richard Jones in Seattle, becoming the...
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US newspapers sue OpenAI for copyright infringement over AI training
New York Daily News, Chicago Tribune, MediaNews Group sue Microsoft, OpenAI for misusing reporters' work. Lawsuit includes Copilot, alleges copying...
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HC asks Ashneer Grover not to create third party rights in shares transferred by BharatPe cofounder
Delhi High Court restrains Ashneer Grover from transferring shares to prevent irreparable loss to Bhavik Koladiya. The legal battle involves claims...