Author: TI Editor

Agentic AI is a sophisticated algorithm that can adapt and learn on its own, building on the success of large language models like ChatGPT that require human inputs to train them. Built for a specific field, agentic AI resembles a worker skilled in a certain task—such as customer service, invoicing and more—and operates as a network of skilled professionals to automate tasks. Earlier this week, decade-old health-tech firm Innovaccer announced the launch of seven artificially intelligent ‘agents’, purpose-built to ease the lives of overworked doctors and medical staff around the world. The San Francisco-based startup has raised $275 million for…

The casual dining chain Hooters of America is working with creditors on a plan to restructure the business through bankruptcy in the coming months, reported news agency Bloomberg.The company is working with law firm Ropes & Gray to file for bankruptcy, said the report.The bankruptcy court process is expected to begin in the next two months.The development comes as the restaurant chain faced liquidity issues after its foot traffic declined. It also shuttered several locations and sold about $300 million in asset-backed bonds in 2021.Some locations were closed in Alabama, Indiana and Kentucky, followed by four more in Florida, while…

Bharti Enterprises Chairman Sunil Bharti Mittal received the honorary Knighthood title due to the business investments made in the nation, which helps India-UK relations, according to the official UK government website.The British High Commissioner to India, Lindy Cameron, conducted a special investiture ceremony in the presence of friends and family at Cameron’s residence in the capital city of New Delhi on Saturday, February 22. “I was delighted to present Sunil Bharti Mittal the KBE medal on behalf of His Majesty the King. Mr Mittal is a great friend of the UK – with significant investments, including BT, Gleneagles, Norlake Hospitality, and…

American multinational conglomerate Berkshire Hathaway’s chief executive officer, Warren Buffett, disclosed in his annual report that the firm’s cash pile for the year ended 2024 was at $334.2 billion, a rise in cash reserve for the 10th consecutive quarter.Buffett’s cash hoard rose to a record level of $334.2 billion in 2024, compared to $325.2 billion at the end of the third quarter of the calendar year 2024. The billionaire value investor continued to refrain from major stock transactions in the fourth quarter, as per the annual report. “Despite what some commentators currently view as an extraordinary cash position at Berkshire, the…

Warren Buffett, while celebrating the success of his multinational conglomerate Berkshire Hathaway, offered some advice to US President Donald Trump in his annual letter to shareholders on Saturday, February 22. The billionaire investor sent a cautionary message to the US government in his letter to Berkshire Hathaway Inc. shareholders, urging the country to ‘spend wisely’,  maintain a stable dollar currency and care for those who get “short straws in life.”The 94-year-old world’s most famous investor, acknowledged his advanced age in the letter, telling shareholders he now uses a cane and will spend less time fielding their questions at Berkshire Hathaway’s…

New Delhi, Feb 22 (PTI) Industry body Amfi has launched three initiatives — SIP for smaller investments, Tarun Yojana to encourage young investors, and MITRA to help track and recover forgotten investments. These initiatives align with markets regulator Sebi and Association of Mutual Funds in India’s ongoing efforts to democratise mutual fund investments, ensuring wider participation across diverse segments of society.A ₹250 systematic investment plan (SIP) is a sachetisation of mutual fund (MF) designed to make MF investing more accessible, especially for first-time investors and those from underserved segments.The Tarun Yojana seeks to integrate financial literacy into school curricula, equipping young…

Reliance Consumer Products, on Saturday, February 22, announced that the company has inaugurated a new Campa and Beverages Bottling Plant in Guwahati, Assam, according to a social media post on platform X. The Mukesh Ambani-led Reliance group firm has set up a bottling facility in partnership with Jericho Foods and Beverages, an Assam-based business house. The new facility is aimed to generate 1,300 new jobs in the State.According to the official release, the fast-moving consumer goods (FMCG) firm is moving towards expanding its presence in the Campa portfolio in the North Eastern regions of the nation.Factory CapacityThe facility, which has a…

Mahindra and Mahindra Group’s Chairman, Anand Mahindra, on Saturday, February 22, reacted to Kash Patel becoming the new director of the Federal Bureau of Investigation (FBI) through a social media post on platform X.“Kash Patel, new Director of the FBI. Doesn’t look like you can mess with this guy… Mind it,” said Anand Mahindra in his post on X. Netizens ReactPeople on the social media platform X agreed with Anand Mahindra’s stance and appreciated Patel for his looks and stance as he became the new FBI Director.“Men on a mission looks like a Hollywood classic in action via Kash Patel,” said…

Elon Musk’s Tesla is gearing up for its entry in India, but buying a car from the EV maker may not be as easy as you thought even with reduced tariffs.According to a report by ANI quoting global capital market company CLSA, even the cheapest Tesla models will be far more expensive than its domestic peers.Even after the reduction in the import duty to below 20 per cent, the cheapest Tesla car cost in India will be around ₹35 to 40 lakh, as per CLSA.Tesla car price in the US starts from $35,000 (approx. ₹30.4 lakh) at the factory level.…

Mutual funds have increasingly become extremely popular among retail investors for wealth creation. The latest data revealed by the Association of Mutual Funds in India (AMFI) shows that total assets held by individual investors rose by over 30 percent in just one year.Individual investors held ₹41.43 lakh crore in mutual funds in Jan 2025, reflecting a jump of 30.33 percent over Jan 2024, the data reveals. Meanwhile, investments of individual investors in equity schemes spiked by 35 percent over Jan 2024, reveals the latest AMFI data.Individual investors now hold a relatively higher share of industry assets, i.e. 60.9 per cent…