Management - general
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.
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.
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.
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.
WeWork, formerly the most valuable US startup, declares bankruptcy under SoftBank ownership
07 Nov 2023
WeWork, the once high-flying office space provider backed by SoftBank Group, filed for bankruptcy protection on Monday, 6 November 2023.
ESPN valued at $24 billion, Apple and Verizon among likely buyers
03 Nov 2023
According to BofA Global Research, the Disney-controlled ESPN sports network is currently exploring opportunities to attract investments from various sources
LinkedIn hits milestone with 1 billion members and unveils new AI features for subscribers
02 Nov 2023
In a special milestone, LinkedIn, the business-focused social network owned by Microsoft, announced on Wednesday, 1 November, 2023, that it has crossed the one billion-member mark.
Carlsberg CEO accuses Russia of corporate espionage of their Russian asset, Baltika
01 Nov 2023
In a decisive move, Carlsberg, the Danish brewing giant, has officially cut all ties with its Russian business, refusing to engage in any dealings with the Russian government that would legitimize the seizure
WeWork faces imminent bankruptcy filing amid mounting debt woes
01 Nov 2023
Troubled flexible workspace provider WeWork is on the brink of filing for bankruptcy as early as next week. The SoftBank Group-backed company, grappling with a staggering debt load
Study reveals global billionaire tax could generate $250 billion annually
23 Oct 2023
The EU Tax Observatory suggested on Monday, 23 October, 2023, that governments should introduce a global minimum tax on billionaires
Country Garden's offshore debt in default risk without payment
17 Oct 2023
If China's largest property developer, Country Garden, fails to make a $15 million coupon payment on Tuesday, October 17, 2023,
U.S. pharmacy store Rite Aid files for bankruptcy protection amid several lawsuits
16 Oct 2023
Rite Aid filed for Chapter 11 bankruptcy on Sunday, October 15, 2023, taking a step to suspend the lawsuits against the drugstore chain related to its alleged
RIL appoints K V Kamath as an independent director
07 Nov 2022
Kamath will also serve as an independent director and non-executive chairman of Reliance Strategic Investments Limited (RSIL), a wholly-owned subsidiary of the company engaged in the financial services business