Elon Musk testified in a federal courtroom in Oakland, California, on Tuesday, telling a jury that he conceived, named and funded OpenAI on the explicit understanding that it would never…
Category: Companies
Elon Musk wanted keys to kingdom, OpenAI lawyer says at trial
By Deepa Seetharaman and Kenrick Cai OAKLAND, California, – A high-stakes trial over the future of OpenAI got underway on Tuesday, with lawyers disputing whether Elon Musk was committed to…
OxyContin maker Purdue Pharmas criminal sentence could be the last step before company dissolves
NEWARK, N.J. (AP) — OxyContin maker Purdue Pharma could be dissolved and replaced by a company focused on the public good by the week’s end, as a massive legal settlement…
Oaktree Capital Accuses BJ’s of Reneging on Tariff Refund Trade
(Bloomberg) — Oaktree Capital Management LP sued BJ’s Wholesale Club Inc. for allegedly backing out of a deal to sell its rights to around $29 million in tariff refunds for…
Coca-Cola Q1 volume rises 3% globally, driven by India, US and China
Coca-Cola on Tuesday said that global unit case volume for Q1 CY 2026 grew 3 per cent, led by China, the US and India. The company said it focused on…
CEAT to hike prices 5% by May as costs rise; FY26 profit jumps nearly 70%
CEAT Ltd is set to implement price increases of about 5 per cent across categories by early May and indicated that further hikes may be required, as rising raw material…
Bandhan Bank pegs ₹1,250 crore provisioning hit from credit loss framework shift
MUMBAI: A day after the Reserve Bank of India (RBI) to transition to the expected credit loss (ECL) framework for recognizing stressed loans, on Tuesday said it estimates a one-time…
Vummidi Bangaru Jewellers eyes ₹5,000 crore revenue by FY28
Chennai-based Vummidi Bangaru Jewellers (VBJ) is gearing up for a phase of expansion with a revenue target of ₹5,000 crore by 2027-28. The 125 year old-jewellery retailer, who notably made…
Srichakra to invest ₹425 crore in rPET capacity, targets ₹1,000 crore in FY27
Hyderabad-based Srichakra Polyplast has lined up ₹425 crore in capital expenditure to expand its food-grade recycled PET (rPET) capacity from around 90,000 tonnes to over 113,000 tonnes by 2026, as…
Radisson Hotels expands presence in Mumbai metro region
Radisson Hotel group is strengthening it’s presence in Mumbai Metropolitan Region with the signing of two hotels in Thane and Mira Bhayender areas. The hotels are expected to be ready…