Management - general
Meta CEO Zuckerberg sells over 560,000 shares amid stock surge
05 Dec 2023
Meta’s Chief Executive, Mark Zuckerberg, has offloaded a significant number of shares despite the social media giant’s stock surging to nearly a two-year peak in November 2023.
Alaska Air Group Inc. acquires Hawaiian Holdings Inc. in a $1.9 billion deal
04 Dec 2023
Alaska Air Group Inc. has announced its acquisition of Hawaiian Holdings Inc. for a substantial $1.9 billion, encompassing existing debt.
.jpg "Walmart joins brands abandoning Elon Musk's social media platform X")
Walmart joins brands abandoning Elon Musk's social media platform X
02 Dec 2023
In an announcement made on Friday, 1 December 2023, Walmart confirmed that it is no longer advertising on the social media platform X
UltraTech Cement set to acquire Kesoram's cement business in a Rs 5,379-crore deal
01 Dec 2023
UltraTech Cement Ltd. announced on Thursday, 30 November 2023, its plans to acquire the cement business of Kesoram Industries Ltd. in a significant all-stock transaction valued at Rs 5,379 crore.
Walmart reduces import dependence on China and shifts focus to India
30 Nov 2023
Walmart, the world's largest retailer, has significantly increased its imports from India while decreasing its reliance on China.
Emirates Airline President urges Rolls-Royce to focus on engine performance
30 Nov 2023
In the aftermath of Rolls-Royce's ambitious plan to quadruple profits, the President of Emirates Airline, Tim Clark, has called on the British firm to "go back to basics" and prioritize the performance of its engines.
The U.S. Appeals Court grants a favorable ruling to chemical manufacturers in the PFAS lawsuit
28 Nov 2023
The U.S. 6th Circuit Court of Appeals, based in Cincinnati, Ohio, delivered a favorable ruling on Monday, November 27, 2023, for 3M, E.I. du Pont de Nemours and Co.,
Strike breaks out as Gucci workers in Rome protest against relocation of creative office
28 Nov 2023
Gucci fashion house in Rome, Italy, saw an unprecedented strike by their employees on Monday, 27 November 2023. This strike was a result of the fashion giant’s decision to move its design house from Rome to Milan, Italy.
Ola CEO Bhavish Aggarwal announces new Indian AI chat app, Krutrim
27 Nov 2023
Bhavish Aggarwal, CEO of Ola Cabs, has announced on his social media X account that his company is working on a new AI project.
Enforcement Directorate raids DLF premises in money laundering probe involving Supertech Group
25 Nov 2023
The Enforcement Directorate (ED) has conducted extensive searches at the premises of DLF in Gurugram.
.jpg "Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion")
Apple's iPhone makes 62.5% of India’s smartphone exports, amounting to $5 billion
23 Nov 2023
In a remarkable feat, Apple Inc. has witnessed a staggering year-on-year growth of 177% in the export of iPhones from India, reaching a value exceeding $5 billion in the initial seven months of the fiscal year 2024 (April–October)
Blackstone to close their multi-strategy fund following a 90% drop in assets
22 Nov 2023
According to reports from Tuesday, 21 November 2023, Blackstone is planning to close a fund that exposes its investors to a variety of hedge funds and trading strategies.
.jpg "OpenAI investors consider legal action following CEO ousting and employee exodus")
OpenAI investors consider legal action following CEO ousting and employee exodus
21 Nov 2023
In a startling turn of events, some investors in OpenAI, the renowned creator of ChatGPT, are contemplating legal action against the company's board.
Bharti Airtel considers raising $1 billion fund to settle spectrum dues
21 Nov 2023
One of India’s biggest telco giants, Bharti Airtel, led by Sunil Bharti, is exploring new ways to raise funds amounting to up to $1 billion, or around Rs 8,330 crore.
L&T Hydrocarbon wins mega offshore project in Middle East
21 Nov 2023
Engineering and construction major Larsen & Toubro on Monday said its hydrocarbon business secured offshore project orders worth up to Rs15,000 crore in the Middle East.
Former OpenAI CEO Sam Altman is all set to join Microsoft, announces Satya Nadella
20 Nov 2023
After just days of being fired from his post as the CEO of OpenAI, Sam Altman is all set to join Microsoft, as announced by Satya Nadella himself.
Australian trading bourse and TCS to partner up to create trading software
20 Nov 2023
ASX Ltd., an Australian bourse operator, has partnered with Tata Consultancy Services (TCS) to create a product-based solution to replace its trading, clearing, and settlement systems.
Boeing announces departure of chief strategy officer in 2024 amid company restructuring
17 Nov 2023
Boeing’s chief strategy officer, Marc Allen, has decided to step down from his position by the end of this year.
PRS Oberoi, former chairman of Oberoi hotels, passes away at 94
15 Nov 2023
PRS, who pioneered the luxury hotels business in India, also successfully expanded the Oberoi brand globally by developing Oberoi Hotels and Resorts.
Apple settles with U.S. government for $25 million in immigration hiring dispute
10 Nov 2023
In a groundbreaking settlement, technology giant Apple Inc. will pay $25 million to resolve allegations by the U.S. Department of Justice (DOJ) that the company engaged in discriminatory hiring practices favoring immigrant workers over U.S. citizens and green card holders for specific job positions.
A major ransomware attack targets China's largest lender, ICBC
10 Nov 2023
In a major cybersecurity incident, the U.S. arm of the Industrial and Commercial Bank of China (ICBC) fell victim to a ransomware attack, disrupting trade in the U.S. Treasury on Thursday, 9 November 2023.
Meta strikes a deal with Tencent to launch a low-cost VR headset in China
10 Nov 2023
In an effort to re-enter the Chinese market, Meta Platforms has reportedly reached a preliminary deal with Tencent Holdings to introduce a new, budget-friendly virtual reality (VR) headset in China
Amazon announces the latest round of job cuts in recent layoffs
09 Nov 2023
E-commerce giant Amazon.com has confirmed that it has started to let go of some employees in its music division. This new round of job cuts is the latest among the many rounds prior to this that have affected over 27,000 people in the past year.
Walmart prepares for 'Open Call' event in India as it aims for $10 billion annual export goal by 2027
08 Nov 2023
Retail giant Walmart is seizing the India-first opportunity in the global sourcing landscape as it prepares to host a groundbreaking mega sellers' summit in New Delhi on February 14 and 15, 2023.
The US pledges a $553 million investment in the Adani-owned Sri Lanka port to curb Chinese Influence
08 Nov 2023
In a strategic move aimed at countering China's influence in South Asia, the United States has pledged a substantial $553 million in financing for the development of a port terminal in Sri Lanka's capital, Colombo.
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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