OpenAI CEO Sam Altman on Wednesday met leading Indian startup founders and investors in a closed-door session here, and discussed the ChatGPT maker’s plans for the Indian market.

Altman, along with top company executives chief product officer (CPO) Kevin Weil and VP of Engineering Srinivas Narayanan, also discussed the challenges faced by AI-driven businesses and potential opportunities for collaboration.

Prominent startup leaders who attended the meeting included Paytm CEO Vijay Shekhar Sharma, Unacademy CEO Gaurav Munjal, Snapdeal co-founder Kunal Bahl, Chaayos co-founder Raghav Verma, Ixigo Group CEO Aloke Bajpai, Haptik CEO Aakrit Vaish, and HealthifyMe’s Tushar Vashisht.

Altman’s visit to India comes at a crucial time when large language models (LLMs) are at the centre of global AI discussions.

The International Cricket Council (ICC) on Wednesday revealed a list of 12 umpires and three match referees as match officials for the 2025 ICC Men’s Champions Trophy, happening from February 19 to March 9 in Pakistan and the United Arab Emirates.

The tournament will take place in four venues: Karachi, Lahore, and Rawalpindi in Pakistan, and Dubai in the UAE. In a statement, the ICC said a distinguished panel of 12 umpires will officiate the eight-team event, with six of them returning after officiating in the 2017 edition.

That includes Richard Kettleborough, who stood in the final of the previous Champions Trophy in the United Kingdom in 2017. Kettleborough, a veteran of 108 Men’s ODIs, will be joined by fellow umpires Chris Gaffaney, Kumar Dharmasena, Richard Illingworth, Paul Reiffel, and Rod Tucker, who also officiated in the 2017 tournament won by Pakistan.

Zomato's rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter.

On an annual basis, Swiggy’s net loss widened 39 per cent, from a net loss of Rs 574 crore in the year-ago period.

The operating loss, or the losses before interest tax depreciation and amortisation, stood at Rs 725.66 crore, which increased from Rs 554.17 crore clocked in the September quarter (Q2).

However, the online food delivery company’s revenue went up 10.9 per cent from the preceding quarter to Rs 3,993.07 crore, according to its stock exchange filing.

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it handled its highest-ever monthly cargo volume of 39.9 million metric tonnes (MMT) in January, which was up 13 per cent year-on-year.

This included containers (+32 per cent YoY) and liquids and gas (+18 per cent).

APSEZ has crossed new milestones of handling 372.2 MMT (+20 per cent YoY) of total cargo (+7 per cent YoY) and liquids and gases (+9 per cent YoY) year-to-date in January, informed India’s largest integrated transport utility and part of the diversified Adani Group.

Moreover, Mundra Port has achieved a series of extraordinary milestones in cargo handling during January 2025, some of which have become national records.

Tata Power on Tuesday reported a robust 10 per cent increase in net profit to Rs 1,188 crore for the Oct-Dec quarter of the current financial year compared to the corresponding figure of Rs 1,076 crore in the same period of 2023-24.

The Tata Group company said the strong performance was due to better realisation in the core business segments comprising power generation, transmission, distribution and renewables.

The consolidated revenue of the power major during the third quarter rose 3 per cent to Rs 15,793 crore from Rs 15,294 crore during the same period last year, according to the company statement.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 7 per cent to Rs 3,481 crore from Rs 3,250 crore in the year-ago period.

Samsung Electronics said on Tuesday its new Galaxy S25 smartphones have sold 1.3 million units in pre-orders in South Korea, marking the largest presale record for its flagship S series models.

Pre-orders for the Galaxy S25 series, introduced on Jan. 22, amounted to 1.3 million units from Jan. 24-Feb. 3, outnumbering the 1.21 million set by its predecessor, according to the company, reports Yonhap news agency.

The most expensive S25 Ultra model was the most popular, accounting for 52 percent of the total preorders, followed by the Galaxy S25 at 26 percent and the Galaxy S25 Plus at 22 percent.

The new Galaxy S25 series features more advanced on-device artificial intelligence (AI) with multimodal capabilities and personalized assistance functions, while Samsung Electronics froze the prices for the Galaxy S25 series at the same level as its predecessor.

The new Galaxy S25 series will be officially launched Friday worldwide.

SBI economists expect the RBI to announce a 0.25 per cent rate cut in the monetary policy committee meeting on February 7. As the fiscal stimulus of Budget 2025-26 plays out, the RBI at least in the short run has room for rate cuts, according to an SBI Research report released on Tuesday.

The report also states that going ahead a cumulative rate cut over the cycle could be at least 0.75 per cent, with two successive rate cuts over February and April 2025.

With an intervening gap in June 2025, the second round of rate cuts could start from October 2025, it added.

The current pause by the US Federal Reserve gives some time for RBI to ascertain inflationary expectations have been fully anchored, the report said.

One MobiKwik Systems Limited on Tuesday reported a huge 1,000 per cent consolidated net loss at Rs 55 crore in the December quarter (Q3 FY25), as compared to the net profit of Rs 5 crore from the same period last year (Q3 FY24).

The revenue from operations also declined by 7 per cent quarter-on-quarter from Rs 291 crore in the July-September period, according to its exchange filing.

The company’s total income in Q3 FY25 stood at Rs 2,744.69 crore with a 6.5 per cent decline from Rs 2,936 crore in Q2 FY25.

Meanwhile, total expenses surged by 10.55 per cent in Q3FY25 at Rs 3,171.41 crore compared to Rs 2,868.64 crore in Q2 FY25.

Shares of Tata Chemicals on Tuesday dropped nearly 4 per cent or Rs 35.5 to trade at Rs 911.1 after the company reported a net loss of Rs 21 crore for the third quarter (Q3) ending December 2024.

Tata Chemicals' revenue from operations declined by 3.8 per cent to Rs 3,590 crore in Q3 compared to Rs 3,730 crore in the same quarter last year (Q3 FY24).

The company also saw a sharp decline in its operating performance, with EBITDA falling by 19.9 per cent to Rs 434 crore from Rs 542 crore a year ago.

The EBITDA margin for the quarter stood at 12.1 per cent, down from 14.5 per cent in the previous year’s corresponding quarter.

EBITDA refers to earnings before interest, tax, depreciation, and amortisation

India’s premium smartphone segment continued its strong double-digit growth momentum last year, with Apple, for the first time, securing a spot among the top five smartphone brands in India in Q4 2024, according to a new report on Tuesday.

Apple recorded a 72 per cent YoY growth, capturing an 11 per cent market share in Q4.

Similarly, the super-premium smartphone segment and uber-premium segment (above Rs 1,00,000) posted impressive gains, up 10 per cent and 25 per cent, respectively, according to the CyberMedia Research (CMR) report.

Apple’ market share in the super-premium segment (Rs 50,000–Rs 1,00,000) segment skyrocketed by 82 per cent YoY, while the uber-premium segment (Rs 1,00,000) surged by 32 per cent YoY.