Business Brief:Rupee fell by 25 paise against US dollar to all-time low, IT Minister Vaishnaw met with OpenAI CEO Sam Altman – CarbonMedia
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Business Brief:Rupee fell by 25 paise against US dollar to all-time low, IT Minister Vaishnaw met with OpenAI CEO Sam Altman

Bhaskar English brings you the biggest developments from India and abroad. Here are top headlines. The Day Ahead: 1. Corporate results of following companies: 2. There has been no major changes in the prices of petrol and diesel. News This Morning: 1. Gold prices soared to ₹84,000 per 10 grams: Silver went up by ₹1,628 to ₹95,421 per kilogram The prices of 24 carat gold reached an all-time high of ₹84,323 per 10 grams on Wednesday, February 5, as the yellow metal continued its ascent, breaking all its previous price records. According to the India Bullion and Jewelers Association (IBJA), gold rose by ₹1,313 per 10 grams from its last close on Tuesday, when it was trading at ₹83,010 per 10 grams. Likewise silver prices went up by ₹1,628 to ₹95,421 per kilogram. 2. Rupee at all-time low: Fell by 25 paise against US dollar to 87.37 The Indian currency, rupee, once again reached its record all-time low on Wednesday, February 05. It fell by 25 paise against the US dollar to reach the level of 87.37. 3. Swiggy delivered ₹799 crore loss in Q3 FY25: Revenues spiced up menu, jumped 31% to ₹3,993 crore; share performance turned bitter, down 23% YTD The online food delivery platform Swiggy incurred a consolidated net loss of ₹799 crore in the third quarter of the fiscal year 2024-25. In the same quarter last year, the company had reported a loss of ₹574 crore. On an annual basis, the company's loss increased by 39%. 4. IT Minister Vaishnaw met with OpenAI's CEO: Ready for collaboration with India in creating GPUs, models, and apps IT Minister Ashwini Vaishnaw met with OpenAI CEO Sam Altman and discussed India's strategy to build an AI stack – GPU, models, and apps. Vaishnaw shared this information on his 'X' handle on Wednesday. 5. Ban on the use of ChatGPT and DeepSeek: Ministry of Finance ordered to employees, stated that such AI tools were a threat to government documents and data The Finance Ministry of India advised its employees to avoid using AI tools like ChatGPT and DeepSeek for any office work. The government believed that such AI tools pose a threat to the confidentiality of government documents and data. 6. Ola Electric Bike Roadster X launched at starting price of ₹74,999: Top variant will run 501km on full charge, competing with Revolt RV400 Ola Electric launched its first electric bike Roadster X in the Indian market on Wednesday. The electric two-wheeler company introduced two models of the bike – Roadster X and Roadster X+. Ola claims that the top variant of the Roadster X+ will offer a range of 501km. Domestic gas cylinder prices on February 06, 2025:Original Article