Business News highlights Today: Get real-time updates on the biggest news from the world of business, stock market, and more. Stay informed about the latest developments in the business world, including updates on prominent figures like Bill Gates, Elon Musk, Mukesh Ambani, and Gautam Adani. Follow the latest gold and silver prices as well to stay on top of all things business.
On August 23, 2024, Botswana’s President Mokgweetsi Masisi was seen inspecting a massive 2,492-carat diamond discovered in the Karowe mine in Gaborone. This diamond, the largest found in over a century, has garnered significant attention in the industry. While officials have not yet valued the stone, a smaller diamond from the same mine sold for a record $63 million in 2016.
In other news, Ola has announced the restart of its carpooling service after a hiatus of four years. The founder, Bhavish Aggarwal, made the announcement at Ola’s annual community event ‘Sankalp’ on August 15. This move is expected to provide more options for commuters and contribute to reducing traffic congestion in urban areas.
Uber is set to offer autonomous taxis in the US starting next year. Riders will have the option to choose a Cruise autonomous vehicle once the partnership between Uber and Cruise LLC commences. This development marks a significant step forward in the integration of self-driving technology into the transportation industry.
Publications like The Atlantic, News Corp, and Condé Nast have recently partnered with OpenAI, despite previous copyright infringement lawsuits. These collaborations involve licensing content for use in AI products like ChatGPT and SearchGPT, showcasing a shift in the relationship between media companies and AI technology.
Adani Power is facing challenges in Bangladesh, with unpaid dues amounting to $800 million due to weeks of violent protests in the country. The unrest led to the ousting of the previous administration and left Adani Power with significant financial losses.
Anil Ambani-led group stocks have plummeted following a five-year ban imposed by Sebi on Anil Ambani and 24 other entities from the securities market. This decision has had a substantial impact on the stock prices of companies associated with the group.
In the real estate sector, a luxurious 4BHK apartment in Bengaluru’s Billionaires’ Tower is up for sale at a staggering ₹50 crore. The property, spanning over 8,000 sq ft, reflects the high demand and low supply of luxury properties in the city.
The IT and textile sectors have been labeled as ‘job destroyers’ due to significant declines in job growth in the fiscal year 2023-24, according to a report by BoB. Downsizing and restructuring within these industries have led to workforce reductions, highlighting the challenges faced by these sectors.
These are just a few of the top business news highlights from August 23, 2024. Stay tuned for more updates on the latest developments in the world of business, stock market, and beyond.
