OpenAI’s CFO Sarah Friar revealed the company’s restructuring aims to enable a potential IPO, contingent on market conditions and company readiness. The firm, supported by Microsoft, balances profit with social goals as a public benefit corporation. OpenAI plans significant capital investment, focusing on AI search and breakthrough products.| The Economic Times
Beginning October 2025, the European Union will implement the Entry/Exit System (EES), replacing manual passport stamping for non-EU travelers. This new system requires registering fingerprints and facial images, aiming to enhance security, detect overstays, and combat identity fraud. While initial processing times may be longer, automated gates and self-service kiosks are expected to streamline border checks.| The Economic Times
Business news today: Read India Business News Live. Latest Business news and updates on Finance, share market, IPO, and economy. Discover Business News Headlines, Top Financial News, and more on The Economic Times.| The Economic Times
The White House is considering changes to the H-1B visa program to protect American workers, according to USCIS Director Joseph Edlow. The administration is weighing a "Weighted Selection" rule and exploring broader reforms, potentially prioritizing higher wages. Simultaneously, the Department of Justice is investigating hiring practices that may favor H-1B workers over US citizens, signaling increased scrutiny of the program.| The Economic Times
Apple and Samsung have taken legal action against Xiaomi in India. The dispute involves advertisements where Xiaomi compared its phones unfavorably to Apple and Samsung models. These companies aim to protect their brand value in the competitive Indian market. Xiaomi's ads targeted the iPhone and some Samsung models. Experts say this is ambush marketing.| The Economic Times
India's sales job market is shifting, with tele-calling and business development roles rising by 22% and 80%, respectively, while traditional field sales declined by 4%. The surge in remote sales models and digital strategies has led to more job postings in metro cities. Female participation has increased in tele-calling, while salaries in this area rose by 7%.| The Economic Times
India emerged as the top smartphone supplier to the US in Q2, driven by tariff uncertainties impacting China and Vietnam. This surge is primarily for inventory building ahead of potential tariffs, not reflecting increased demand. While India gains manufacturing resilience, core value addition remains diversified across countries specializing in design, components, and software.| The Economic Times
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Ms Aparna recently bought a 29" TV and all the family members seemed happy with the new-technology sound system and crispier graphics.| The Economic Times
The government in March ordered porn sites based in the European Union, but not in France, to check the ages of their visitors based on a French law from 2024, to prevent underage users from accessing them. Pornhub, YouPorn and RedTube, all owned by the same parent company, made themselves unavailable in France in early June in protest.| The Economic Times
The Reserve Bank of India has pegged the economic growth rate for 2022-23 at 7.8 per cent, down from 9.2 per cent expected in 2021-22, in view of uncertainties on account of the pandemic and elevated global commodity prices, RBI governor Shaktikanta Das said on Thursday.| The Economic Times
The Finance Ministry has said that businesses with a turnover of more than Rs 5 crore have to show a six digit HSN number.| The Economic Times
Iranian missile strikes targeted multiple Israeli locations, including Tel Aviv and Beer Sheva, causing significant damage. The Tel Aviv Stock Exchange building sustained extensive damage, and a main hospital in southern Israel was also hit. Israel's Magen David Adom rescue service reported at least 32 people injured as a result of the attacks.| The Economic Times
While Tesla navigates this supply chain challenge, other robot manufacturers like Agility Robotics are adapting designs to minimize reliance on these rare earth magnets.| The Economic Times