MUMBAI/NEW DELHI: As semaglutide, the drug behind weight-loss drug Ozempic, goes off-patent in India and cheaper copies flood the market, Novo Nordisk has moved to defend its flagship brand, kicking…
Category: Companies
Kotak Mahindra Bank responds over alleged fraud: Initiated ‘detailed reconciliation’ of FDs to Panchkula Municipal Corp
Kotak Mahindra Bank today said it has initiated a detailed reconciliation of fixed deposits and linked bank accounts maintained by the Municipal Corporation of Panchkula, following instructions from the civic…
The company where driving the wrong car to work can get you a ticket
AUBURN HILLS, Mich.—When white-collar employees at Jeep parent Stellantis were ordered back to the company’s North American headquarters five days a week, they faced challenges familiar to many in the…
Sunil Mittal to step down as Airtel Africa chair in July; to be succeeded by Gopal Vittal
Sunil Bharti Mittal will retire as the chair of the Airtel Africa Board in July, with Gopal Vittal set to be appointed as non-executive chair in his stead. As per…
Who is Kiran Mani? OpenAI hires India’s JioStar CEO to head up Asia-Pacific
OpenAI has appointed, CEO of the Indian streaming service JioStar, to a newly created role overseeing its Asia-Pacific operations, according to a report by Bloomberg. Mani will assume the position…
Meesho bets on AI voice assistant ‘Vaani’ to boost small-town shopping
E-commerce marketplace Meesho is gearing up for a future where product discovery increasingly shifts to AI-powered chat assistants, even as adoption of these tools among its core users in small-town…
HCLTech eyes software biz reboot in AI era
HCL Technologies Ltd is restructuring its software products business as it looks to grow the legacy portfolio acquired from International Business Machines (IBM) more than threefold next fiscal year. The…
Epic Games layoffs: Fortnite maker to slash 1,000 jobs, says ‘sorry’ — What we know so far; Read full memo to employees
Fortnite maker Epic Games said they are laying off 1,000 employees “to keep the company funded”. “I’m sorry we’re here again,” said Tim Sweeney, the company’s chief executive, in a…
China bars Manus co-founders from leaving country as it reviews Meta’s $2 billion acquisition: Report
China has restricted two co-founders of artificial intelligence startup Manus from leaving the country as regulators review whether Meta’s $2 billion acquisition of the firm violated investment rules, the Financial…
Bain, EQT, TPG enter final leg of race for UK’s Vitabiotics at $900 mn-$1 bn valuation
Mumbai: A clutch of private equity funds, including Bain Capital, EQT and TPG, are in the final lap of discussions to acquire a stake in UK-based Vitabiotics, which will potentially…