Generative AI has quite suddenly turned into a rage, intensifying the digital battle between Google and Microsoft as they embed it across offerings. Now, companies are developing their own tools to harness its power for greater efficiency and make the user experience seamless. Dia Rekhi has the detailsIt's all thanks to OpenAI's generative AI tool ChatGPT.Air India, PocketFM, ManageEngine, Mad Street Den, MakeMyTrip, Khan Academy – to name but a

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. India's monthly goods and services tax (GST) collections hit the second highest ever in March, rising 13% from a year earlier to ₹1.6 lakh crore, suggesting economic strength despite several headwinds. The US shares India's G20 agenda and is doing everything to make the country's presidency a success, said US G20 head of delegation Christina Segal-Knowles. While the G20 is not the forum for geopolitical issues, to the extent that the Ukraine war impacts economics, the grouping can't avoid the topic, she said in an interview with Deepshikha Sikarwar.

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. India's largest electric two-wheeler company Ola Electric Mobility is planning to raise a fresh round of $250-300 million in growth equity to expand two-wheeler operations and fund its planned battery facility, said people with knowledge of the matter. Punjab National Bank (PNB), Indian Overseas Bank (IOB) and DCB Bank may have to negotiate higher funding costs as these lenders seek to sell bonds amid a global turmoil caused by the Swiss regulator's write-down of nearly $17 billion of Additional Tier 1 (AT-1) instruments in the Credit Suisse bailout. Indian equities rose on Tuesday, tracking the overnight rebound in the US markets, on hopes that the banking crisis might be eased for now following Credit Suisse's acquisition by UBS.

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Emerging from a Canadian industrial conglomerate, Brookfield is today among the top three alternative asset managers in the world with over $800 billion in assets under management (AUM) across real estate, infrastructure, renewable power, private equity and credit. JP Morgan & others to work on a system with lenders at GIFT City under the sandbox regime. Executives say $4-billion petro chemicals unit suspended indefinitely; fundraising plans also scrapped.

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Emerging from a Canadian industrial conglomerate, Brookfield is today among the top three alternative asset managers in the world with over $800 billion in assets under management (AUM) across real estate, infrastructure, renewable power, private equity and credit. JP Morgan & others to work on a system with lenders at GIFT City under the sandbox regime. Executives say $4-billion petro chemicals unit suspended indefinitely; fundraising plans also scrapped.

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. The Reserve Bank of India (RBI) is monitoring developments related to Credit Suisse, though the Swiss lender's limited size and scope in the country means that any major impact is unlikely, said people familiar with the matter. Local bond traders said the risk of contagion is negligible. Bankers said Credit Suisse India will have enough capital.

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Indian shares retreated on Tuesday, extending losses for the fourth straight session amid a selloff in global equities with investors panicking that the fallout from the collapse of two American banks may have a ripple effect on the world economy. For the first time in 18 months, consumer goods companies are ramping up production -- anticipating a pick-up in demand -- particularly for'summer products' due to higher-than-usual temperatures. Domestic startups must "trust the Indian banking system more," according to top lawmaker Rajeev Chandrasekhar, who also assured them of the Centre's support to "navigate" the fallout from the abrupt collapse of US lender Silicon Valley Bank (SVB).

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. India is set to emerge as a major telecom technology exporter with the development of the 4G and 5G stack, in which several countries have shown interest, said Ashwini Vaishnaw, Union minister for communications, railways, electronics and information technology. India is building roads at a record rate and the country's national highway network will rise 37% in the next two years, said Nitin Gadkari, minister of road transport and highways. India will be among nations that shape the future of products, devices and technologies, said minister of state for electronics and information technology Rajeev Chandrasekhar.

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Adani Group stocks rallied in early trade on Tuesday after the promoters said they had repaid ₹9,250 crore ($1.1 billion) of debt backed by shares in three companies. The home and IT ministries, along with the Reserve Bank of India (RBI), will hold discussions over the next few days to decide on the next steps after the government blocked 94 online lending apps earlier this week, multiple people aware of the developments said. India's food safety regulator is likely to mandate online marketplaces to prominently display key health and nutritional alerts alongside the retail price for packaged items sold on their platforms, multiple people aware of the matter told ET.

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. The fall in most Adani Group stocks continued on Thursday, wiping out a further ₹1.34 lakh crore off their market capitalisation, totaling ₹8.79 lakh crore or $110 billion of erosion in six trading sessions. Tata Sons has been exploring the possibility of being exempted from a Reserve Bank of India (RBI) notification, issued in October 2021, that included it among the top 10 non-banking financial companies (NBFCs) in terms of asset size, said people with knowledge of the matter. Tata Sons is the holding company of the Tata Group companies.