Musk's bid to dismiss OpenAI's harassment claims denied in court
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A federal judge on Tuesday denied Elon Musk 's bid to dismiss OpenAI 's claims of a "years-long harassment campaign" by the Tesla CEO against the company he co-founded in 2015 and later abandoned before ChatGPT became a global phenomenon.In the latest turn in a court battle that kicked off last year, US District Judge Yvonne Gonzalez Rogers ruled that Musk must face OpenAI's claims that the billionaire, through press statements, social media posts, legal claims and "a sham bid for OpenAI's assets" had attempted to harm the AI startup.Musk sued OpenAI and its CEO Sam Altman last year over the company's transition to a for-profit model, accusing the company of straying from its founding mission of developing AI for the good of humanity, not profit.OpenAI countersued Musk in April, accusing the billionaire of engaging in fraudulent business practices under California law. Musk then asked for OpenAI's counterclaims to be dismissed or delayed until a later stage in the case.OpenAI argued in May its countersuit should not be put on hold, and the judge on Tuesday concluded that the company's allegations were legally sufficient to proceed.A jury trial has been scheduled for spring 2026.
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Time of India
an hour ago
- Time of India
EaseMyTrip delivers strong Q1 FY26 growth led by hotels & packages, robust international operations
Academy Empower your mind, elevate your skills EaseMyTrip, one of India's leading online travel tech platforms, reported sustained financial a filing on the stock exchanges the company stated that for Q1 FY26, gross booking revenue was Rs 2,065.8 crore, revenue from operations was Rs 113.8 crore, and the Ebitda was Rs 6.9 to the filing, focused non-air segment strategies fuelled strong growth in the vertical. In Q1 FY26, hotel and holiday bookings grew by 81.2% year-on-year, rising from 1.8 lakh to 3.3 lakh room nights - averaging 3,637 room nights booked trains, buses, and others segment recorded a 41.4% year-on-year growth, with bookings increasing from 3.1 lakh to 4.3 international expansion action plans continued to deliver strong results, with its Dubai operations maintaining an impressive growth trajectory and reinforcing the brand's presence in high potential international Q1 FY26, Dubai operations recorded GBR of Rs 318.1 crore, compared to Rs 126.7 crore in the corresponding quarter of the previous year, representing a year-on-year increase of 151%.According to the filing, this commendable performance reflects the continued traction in international travel and operational on the results, Nishant Pitti , founder and chairman, EaseMyTrip said, "For Q1 FY26, EaseMyTrip began the year with a steady performance, recording a gross booking revenue of Rs 2,065.8 crore, driven by strong momentum in the hotels and packages segment, which grew 81.2% year-on-year from 1.8 lakh to 3.3 lakh room nights, averaging 3,637 room nights booked daily. Additionally, an average of 24,230 flight segments were booked daily. Our Dubai operations also posted an outstanding performance, with Gross Booking Revenue rising 151% from Rs 126.7 crore to Rs 318.1 crore""Despite the global headwinds in the travel industry, these performances reflect the strength of our diversified portfolio, our destination-focused strategies, and our capacity to stay ahead of changing traveller needs in both leisure and business segments. From a homegrown startup to one of India's leading travel-tech platforms, we are proud to represent our nation on the global stage. We continue to focus on growing our domestic and international presence, strengthening alliances, and building enduring value for our customers and stakeholders," Nishant Pitti further to the filing on the exchanges, during the quarter, EaseMyTrip entered into key strategic alliances, including a partnership with neo-bank OneBanc. Through this collaboration, the company's corporate travel solution EMTDesk is integrated into OneBanc's AI-powered payroll and expense platform to deliver a more seamless and enhanced corporate travel experience for part of its long-term diversification strategy, Chairman and Founder Nishant Pitti has launched EaseMyTrip 2.0, a strategic initiative aimed at nurturing India's next wave of scalable startups. The program will invest in high-potential ventures across core and adjacent sectors, including wellness, spiritual tourism, luxury travel, intercity mobility, insurance, and travel-linked financial products. Unlike traditional investment models, the company will acquire up to 49% equity while allowing founders to retain fulloperational control to empower entrepreneurs to scale by leveraging the company's robust digital infrastructure, extensive marketing reach, and a customer base of over 3 crore filing noted, in Q1FY26, EaseMyTrip also celebrated its 17 years of dominance in the OTA space with a milestone sale event, offering attractive discounts across flights, hotels, buses, cabs, and holiday packages, along with exclusive vouchers from leading retail the marketing front, the company rolled out the 'Easy Summer Sale' campaign to reinforce the company's positioning as a value-driven platform for peak-season filing states, strengthening its social impact under the EaseMyTrip Foundation, the company extended support to Neha Kortikar, a promising rifle shooter from Goa. The sponsorship covered advanced coaching, professional grade equipment, and participation in competitive events, empowering her pursuit of sporting excellence. This initiative reflects EaseMyTrip's continued commitment to nurture young female athletes and contribution to the growth of India's sporting talent filing states that, EaseMyTrip has built a strong presence across 10 countries, serving a premium user base of over 3 crore and a network of 72,000+ registered travel agents. With a team of 1,700+ employees, the company boasts an impressive 94% repeat transaction rate, partnerships with 400+ domestic and international airlines, and access to 2.9 million+ hotel listings worldwide. (ANI)
Economic Times
an hour ago
- Economic Times
EaseMyTrip delivers strong Q1 FY26 growth led by hotels & packages, robust international operations
ANI EaseMyTrip delivers strong Q1 FY26 growth led by hotels & packages, robust international operations EaseMyTrip, one of India's leading online travel tech platforms, reported sustained financial performance. In a filing on the stock exchanges the company stated that for Q1 FY26, gross booking revenue was Rs 2,065.8 crore, revenue from operations was Rs 113.8 crore, and the Ebitda was Rs 6.9 crore. According to the filing, focused non-air segment strategies fuelled strong growth in the vertical. In Q1 FY26, hotel and holiday bookings grew by 81.2% year-on-year, rising from 1.8 lakh to 3.3 lakh room nights - averaging 3,637 room nights booked daily. The trains, buses, and others segment recorded a 41.4% year-on-year growth, with bookings increasing from 3.1 lakh to 4.3 international expansion action plans continued to deliver strong results, with its Dubai operations maintaining an impressive growth trajectory and reinforcing the brand's presence in high potential international Q1 FY26, Dubai operations recorded GBR of Rs 318.1 crore, compared to Rs 126.7 crore in the corresponding quarter of the previous year, representing a year-on-year increase of 151%.According to the filing, this commendable performance reflects the continued traction in international travel and operational scale-up. Commenting on the results, Nishant Pitti, founder and chairman, EaseMyTrip said, "For Q1 FY26, EaseMyTrip began the year with a steady performance, recording a gross booking revenue of Rs 2,065.8 crore, driven by strong momentum in the hotels and packages segment, which grew 81.2% year-on-year from 1.8 lakh to 3.3 lakh room nights, averaging 3,637 room nights booked daily. Additionally, an average of 24,230 flight segments were booked daily. Our Dubai operations also posted an outstanding performance, with Gross Booking Revenue rising 151% from Rs 126.7 crore to Rs 318.1 crore" "Despite the global headwinds in the travel industry, these performances reflect the strength of our diversified portfolio, our destination-focused strategies, and our capacity to stay ahead of changing traveller needs in both leisure and business segments. From a homegrown startup to one of India's leading travel-tech platforms, we are proud to represent our nation on the global stage. We continue to focus on growing our domestic and international presence, strengthening alliances, and building enduring value for our customers and stakeholders," Nishant Pitti further to the filing on the exchanges, during the quarter, EaseMyTrip entered into key strategic alliances, including a partnership with neo-bank OneBanc. Through this collaboration, the company's corporate travel solution EMTDesk is integrated into OneBanc's AI-powered payroll and expense platform to deliver a more seamless and enhanced corporate travel experience for part of its long-term diversification strategy, Chairman and Founder Nishant Pitti has launched EaseMyTrip 2.0, a strategic initiative aimed at nurturing India's next wave of scalable startups. The program will invest in high-potential ventures across core and adjacent sectors, including wellness, spiritual tourism, luxury travel, intercity mobility, insurance, and travel-linked financial products. Unlike traditional investment models, the company will acquire up to 49% equity while allowing founders to retain fulloperational control to empower entrepreneurs to scale by leveraging the company's robust digital infrastructure, extensive marketing reach, and a customer base of over 3 crore filing noted, in Q1FY26, EaseMyTrip also celebrated its 17 years of dominance in the OTA space with a milestone sale event, offering attractive discounts across flights, hotels, buses, cabs, and holiday packages, along with exclusive vouchers from leading retail the marketing front, the company rolled out the 'Easy Summer Sale' campaign to reinforce the company's positioning as a value-driven platform for peak-season filing states, strengthening its social impact under the EaseMyTrip Foundation, the company extended support to Neha Kortikar, a promising rifle shooter from Goa. The sponsorship covered advanced coaching, professional grade equipment, and participation in competitive events, empowering her pursuit of sporting excellence. This initiative reflects EaseMyTrip's continued commitment to nurture young female athletes and contribution to the growth of India's sporting talent filing states that, EaseMyTrip has built a strong presence across 10 countries, serving a premium user base of over 3 crore and a network of 72,000+ registered travel agents. With a team of 1,700+ employees, the company boasts an impressive 94% repeat transaction rate, partnerships with 400+ domestic and international airlines, and access to 2.9 million+ hotel listings worldwide. (ANI) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? 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Time of India
an hour ago
- Time of India
This Independence -Day, brands go vocal for local
Representaive AI image by Denny Representaive AI image by Denny 1 2 MUMBAI: From celebrating India's rich cultural heritage and craftsmanship to being vocal for local, Independence Day campaigns crafted by companies this year are going all out to showcase the country's potential. As India marks its 79th year of independence amid tariff turbulence, which risks derailing the country's short-term growth trajectory, the show of Indian might has grown bigger. Be it Rasna touting the rollout of a relaunched "Indian made" ready-to-drink fruit juice Jumpin, a brand it recently acquired from Hershey's India, or SolarSquare, a startup launching the 'Apna Desh, Apni Bijli' campaign, this I-Day is a lot about rallying behind India's pitch to be self-reliant. "Rooted in the ideals of self-reliance and national pride, Jumpin is a 100% indigenous product that champions Indian farmers, supports local MSMEs, and reinforces domestic supply chains," said Piruz Khambatta, group chairman at Rasna. Homegrown furniture startup Pepperfry curated a digital film detailing the making of a sofa at its manufacturing facility. "Independence Day is also about recognising the people and efforts that make India self-reliant," said Archana Kumari, lead, brand marketing at Pepperfry. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unsold 2021 Cars Now Almost Free - Prices May Surprise You Unsold Cars | Search Ads Learn More Undo Over the past few years, a deluge of local brands and D2C startups have mushroomed in the country, widening choice for consumers; many of them have also gone global. Alongside the growth of western chains such as KFC or Starbucks, Indians today have the option to buy fast food and coffee from a Wow! Momo and Blue Tokai Coffee Roasters or apparel from The Souled Store or Virgio. Besides, a whole new crop of brands such as Suta and House of Chikankari are stepping up the appeal of Indian fabrics and craftsmanship. This time around, Tata Tea Premium has featured hand-painted kettles inspired by regional art forms, including Madhubani, Phulkari, and Pattachitra. "At Tata Tea Premium, our hyperlocal strategy is rooted in the belief that India's rich diversity is its greatest strength," said Puneet Das, president, packaged beverages (India & South Asia) at Tata Consumer Products. The patriotic fervour is not just confined to campaigns and product launches; some brands have also tapped into the national sentiment to strategise and step up visibility for emerging Indian brands - Myntra, for instance, is rolling out a zero commission model for new women's ethnic wear brands for three months starting August 15. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
