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 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. 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. 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.

In its submission to the Trai, Reliance Jio said there are vast opportunities for deploying AI to improve network performance, overall QoS, spectrum management, security and customer services in telecom. In their submissions, Bharti Airtel and Vodafone Idea (Vi), though, said it's too early to even predict if AI and Big Data can drive internal efficiency and lead to optimisation of networks as both technologies remain nascent.

Don't miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. The Central Bureau of Investigation cited two instances of "quid pro quo" while seeking the custody of former ICICI Bank chief Chanda Kochhar and her husband, who were arrested on Friday in a corruption case. The Centre's subsidy bill is expected to fall in the next fiscal year even after making foodgrain free for the poor as the additional allocation under the Covid-19 relief scheme will end in December this year. The Department of Telecommunications (DoT) is not in favour of reserving spectrum in the mid-band for captive private networks as suggested by the Telecom Regulatory Authority of India (Trai), dealing a possible setback to firms such as Infosys, GMR and Tata Communications.

India's goods and services tax (GST) collections rose 11% in November from a year earlier to ₹1.46 lakh crore, adding to other data released on Thursday that showed economic resilience despite rising headwinds. The administrator at Anil Ambani-owned Reliance Capital has told lenders that the highest bid received for the insolvent financial services company is 60% below its aggregate liquidation value, making it imperative to seek improved plans from bidders, two people aware of the development told ET. Download The Economic Times News App to get Daily Market Updates & Live Business News.