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The Economic Times

Google says it will rethink its plans for a big data center in Chile over water worries

The U.S. technology company first obtained permits in 2020 to construct the vast project in Chile's capital, Santiago, as demand for the server farms skyrocketed across the globe, fueled by a surge in cloud-based technologies and a craze for generative AI.

Business Standard

HCLTech tops TIME's World's Best Companies 2024 list among Indian firms

Indian IT firm HCLTech has been named the no.1 India-headquartered company in TIME magazine's World's Best Companies 2024 list. The Noida-headquartered firm has also secured a place in the global top 10 list within the Professional Services category. "This accolade underscores HCLTech's commitment to excellence and innovation. It reinforces our leadership in the industry and our status as a top employer. "Aligned with our purpose of 'Supercharging Progress' and 'Find Your Spark' employee value proposition, we are dedicated to maximizing employee potential, advancing community and social responsibility initiatives and achieving sustainability goals," said Rahul Singh, Chief Operating Officer of Corporate Functions, HCLTech. The World's Best Companies 2024 ranking identifies top-performing companies across the globe on the parameters of employee satisfaction, revenue growth, and sustainability. HCLTech posted a consolidated net profit of Rs 4,257 crore in the June quarter of FY25, u

Business Standard

Vedanta Resources gets $900 mn via first dollar bond issue to prepay loans

Vedanta Resources, the parent firm of mining conglomerate Vedanta Ltd, on Wednesday raised USD 900 million in its first dollar bond issue in more than two years to prepay existing bonds. In a statement, the firm said it has raised UDS 900 million at a coupon rate of 10.875 per cent in the five-year US dollar-denominated bond. "The net proceeds from the offering of the bonds will be used to repay certain of Vedanta's existing bonds (including any accrued interest thereto) and to pay any related transaction costs in connection thereto," it said. This is the first US dollar bond issued by Vedanta since February 2021. The bond received final orders of USD 1.45 billion from investors across the globe representing an oversubscription of over 1.6 times, reinforcing the confidence of these investors in the Vedanta story, the statement said. "The final allocation of the bonds represented the broad-based support which Vedanta enjoys, including 41 per cent from Asia, 24 per cent from EMEA an

Business Standard

Life sciences major Bayer launches ForwardFarm for first time in India

Worldwide, Bayer has 29 such farms across the globe, and the first one was just launched in India

The Economic Times

ET Startup Awards 2024: Elite jury meets today to pick startup stars of 2024

For the ET Startup Awards 2024, jury members from across the globe will come together on September 11 to recognise the brightest and best entrepreneurial talent.

The Economic Times

ET Startup Awards 2024: Startups with impact and a sustainable vision to take the prize

For the ET Startup Awards 2024, jury members from across the globe will come together on September 11 to recognise the brightest and best entrepreneurial talent.

The Economic Times

Goavega expects 30-35% growth, healthy pipeline for AI-driven product engineering services

The AI market is expected to grow to $2 trillion by 2030. As of last year, 73% of US companies across industries are utilising AI in some form. However, as businesses across the globe increasingly recognise the potential of AI to drive growth and innovation, many need help to implement these technologies effectively.

Business Standard

Tech layoffs 2024: Tech companies lay off over 27,000 employees in August

Tech layoffs: Major IT firms such as Intel, IBM, and Cisco have laid off over 27,000 employees across the globe in August 2024

The Economic Times

Yatra acquires Globe Travels for Rs 128 crore in cash

The company said through this acquisition, it will gain Globe Travel’s portfolio of approximately 360 corporate customers and annual gross bookings of approximately $ 90 million

The Economic Times

OpenAI names political veteran Chris Lehane as head of global policy

As OpenAI has built increasingly powerful artificial intelligence technologies, it has warned of their potential danger, and it is under pressure from lawmakers, regulators and others across the globe to ensure that these technologies do not cause serious harm. Some researchers worry that the AI systems could be used to spread disinformation, fuel cyberattacks or even destroy humanity.

The Economic Times

Rakesh Gangwal, family trust offload 5.83% stake in IndiGo for Rs 10,500 crore

Inter Globe Aviation promoter Rakesh Gangwal and his family trust have reduced their stakes in the airline by selling a combined 5.83 per cent shareholding for about Rs 10,500 crore.

Hindustan Times

AI's impact on Philippines, the world's call center capital shows what's to come

Experiences of the staff working in Philippines call centers is a preview of what's to come soon for white-collar workers around the globe

Business Standard

Eicher Motors Q1 FY25 results: Net profit rises 20% to Rs 1,101 crore

Royal Enfield has witnessed a good start to FY25. Our diverse product range strengthened our position in the mid-size segment across the globe

Business Line

Markets across the globe tumble amid fears of US recession

Poor US jobs data, stronger Japanese yen, huge sell-offs pull the trigger; volatility likely to continue, say experts

The Economic Times

Celebrate World Kebab Day: Explore 6 delicious kebabs from around the world

Celebrate World Kebab Day on July 12, 2024, by savoring a delectable array of kebab varieties from across the globe.