Meta’s $14.8 billion Scale AI deal latest test of AI partnerships

Meta’s $14.8 billion investment in Scale AI does not trigger regulatory review. | Photo Credit: FRANCIS MASCARENHAS Facebook owner Meta’s $14.8 billion investment in Scale AI and hiring of the data-labelling start-up’s CEO will test how the Trump administration views so-called acquihire deals, which some have criticised as an attempt to evade regulatory scrutiny. The…

ITC adopts bold “Sustainability 2.0” agenda under pressing challenges of climate change

ITC Ltd has become one of the first Indian FMCG companies to release a comprehensive ‘Nature Report’, aligning with the Taskforce on Nature-related Financial Disclosures  | Photo Credit: RUPAK DE CHOWDHURI Diversified conglomerate ITC Ltd on Friday said it has adopted a bold “Sustainability 2.0” agenda that has reimagined sustainability under the pressing challenges of…

Oil markets are spooked as Iran-Israel tensions escalate | Oil and Gas News

Israel’s strike on military and nuclear sites, and Iran’s retaliation, have rocked already strained global supply chains. As airlines suspend flights to Tel Aviv, Tehran and other airports across the region, oil companies, shipping firms, and regulatory agencies are scrambling amid growing concerns that key trade routes like the Strait of Hormuz could be caught…

Rate cuts alone won’t revive growth

In a surprising move, the Reserve Bank of India slashed the policy repo rate by 50 basis points to 5.5 per cent on June 6, marking the largest cut since March 2020. This decision, aimed at stimulating growth, comes amid a sharp decline in inflation and persistent global uncertainties. The RBI’s Monetary Policy Committee (MPC)…