Business
Maruti Suzuki hikes prices for the fourth time in FY22
Shares of Maruti Suzuki rose more than 3 percent today after the company said it had raised prices on its models by 4.3 percent, effective immediately, to partially offset higher input costs.
Auto stocks rose 3.55 percent to Rs 8,369, compared with the previous close of Rs 8,082 on the BSE. The company’s market capitalization climbed to Rs 2.5 lakh.
The stock is trading above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
Large-cap stocks rose 3.36% for the year and 11.63% for the year.
A total of 19,000 shares of the company changed hands and the turnover on the BSE stood at Rs 1,621 crore.
The company has raised the prices of its models by a range of 0.1% to 4.3% due to increases in various input costs.
“The weighted average price increase in pre-showroom (Delhi) for each model was 1.7%. The new prices are effective from today,” the auto giant said.
MSI sells a range of cars from the Alto to the S-Cross, priced between Rs 3.15 lakh and Rs 1.256 lakh respectively.
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The previous owner of the domain turned out to be Dharmesh Shah, founder and CTO of software company HubSpot
OpenAI has bought the domain chat.com. Clicking on it automatically routes you to the ChatGPT website.
The AI giant’s CEO Sam Altman announced this on Thursday, November 7, 2024, by simply posting the URL on X (Formerly Twitter) without any description or reasoning.
Altman’s post has already gotten over 3 million views and nearly 15k likes. The domain purchase is likely part of a rebranding effort.
The domain’s previous owner turned out to be Dharmesh Shah, founder and CTO of software company HubSpot. Shah announced this in posts on X and LinkedIn.
In his post, he detailed how he had purchased the domain for $15.5 million earlier this year and sold it later to an undisclosed (at that time) buyer.
“Well, in an 8 character tweet (talk about brevity), Sam Altman, the CEO of OpenAI revealed that they were the buyer,” he wrote. ”If you visit the website now, it goes to ChatGPT.” Shah wrote he was not at liberty at that time to share who the acquirer was as he was “going to leave that to them, when they were ready.”
He then went on to share GPT o1 prompt which reasoned the entire episode. “When he does sell a domain, it’s almost never at a loss,” and “Dharmesh doesn’t like profiting off of people he considers friends,” the prompt read, which could mean he did sell it for more than the $15.5 million he bought it for, since it also says he doesn’t like referring to himself in the third person.
However, its also indicated he got compensated in OpenAI shares since the prompt reads that he “always wanted to own OpenAI shares,” that “he doesn’t need the cash from a domain sale,” and that “he made a non-humble brag earlier this year that he’s now an investor in OpenAI.”
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