Business

San Francisco: OpenAI said Monday it was delaying the release of a new artificial intelligence model out of security concerns voiced by its researchers, the latest in the company's effort to decelerate the pace of the technology's advance. OpenAI's decision to hold back the model,...

Washington: US President Donald Trump has announced that Indian multinational conglomerate Essar Group will build "the largest steel plant" in American history in Iowa, at an investment of USD 15 billion. Trump made the announcement Monday in the Oval Office with Essar Group co-founder Ravi...

Bhubaneswar: The Comptroller and Auditor General has flagged several lacunae in the sanction and execution of projects under Odisha's District Mineral Foundation, meant for the interest and benefits of the mining-affected people and areas in the state. In one of its reports, presented in the...

ARINDAM GANGULY, OP Bhubaneswar: The Comptroller and Auditor General (CAG) of India has flagged significant financial and implementation lapses in the development of tourism in Odisha’s coastal zone, including a loss of Rs 207.68 crore incurred by the Tourism department in organising seven eco-retreats between...

ARINDAM GANGULY, OP Bhubaneswar: As many as 39.55 lakh e-challans involving Rs 1,136.62 crore were pending with regional transport offices (RTOs), courts or police authorities, while enforcement officials failed to impose fines amounting to Rs 640.87 crore for multiple motor vehicle offences, according to a...

Bhubaneswar: Odisha government has invited aluminium downstream manufacturers to invest in the Anugola Aluminium Park, highlighting the availability of raw materials, industry-ready infrastructure and investment incentives to attract industries engaged in value-added manufacturing. The investment pitch was made at a roadshow held in Kolkata Monday,...

Bhubaneswar: The Odisha government borrowed Rs 89,353 crore from different sources and repaid pending loans worth Rs 58,565 crore during the past two-and-a-half years, Chief Minister Mohan Charan Majhi informed the assembly Monday. Replying to a question by BJD legislator Tusharkanti Behera, Majhi said his...

Mumbai: India and the UAE Monday agreed to take steps for the timely implementation of initiatives relating to settlement of trade in local currencies, integration of payment and messaging systems, and central-bank digital currencies, as both sides aim to increase the two-way commerce to USD...

Mumbai: Tata Trusts, which own 66 per cent of Tata Sons, have proposed merging two operating companies with the Tata Group's holding company in a restructuring that would allow it to shed its classification as a non-banking financial company and a core investment company, helping...

New Delhi: Supreme Court Monday noted that states and Union territories have a massive outstanding balance of Rs 20,000 crore to recover towards unpaid traffic e-challans and suggested linking such challans to electricity bills to recover the amount. A bench of Justices JB Pardiwala and...