Jeff Shell will exit as president of Corp. after a high-stakes gambler filed a lawsuit against Shell, accusing him of leaking inside information about the media and entertainment conglomerate’s business,…
Category: Companies
JFE Engineering Corp invests ₹43 cr in 2 projects of Antony Waste Handling Cell in AP
Japan-based JFE Engineering Corporation has invested ₹43 crore to acquire 25 per cent stake in the special purpose vehicle promoted by Antony Waste Handling Cell for two waste-to-energy projects in…
Disney layoffs: Entertainment giant to cut 1,000 jobs in coming weeks, says report; who is affected?
Disney layoffs: Disney is set to lay off 1,000 employees in the coming weeks, Wall Street Journal reported citing people familiar with the knowledge of the matter. This is the…
Indian-origin engineers gain leadership roles as Musk’s xAI undergoes major overhaul ahead of SpaceX IPO — Who are they?
Three Indian-origin engineers were elevated to leadership roles as Elon Musk plans an overhaul of the engineering team of xAI, according to a new report. The alleged changes come at…
Oracle’s new CFO comes from the power industry. That tells you everything.
This week Oracle announced the hiring of a new chief financial officer, Hilary Maxson. This wouldn’t be that notable were it not for the dramatic transition happening at Oracle as…
Why BlackRock is weathering the private credit storm better than peers
BlackRock went on an acquisition spree in the past few years to juice its growth in private markets, Wall Street’s hottest area. But these days, with investors’ faith in that…
Food takes centre stage in Ikea India’s growth strategy
At an Ikea store in India, a shopper’s journey often ends where it quietly begins again—with a tray of food. “Food is a major driver of traffic for us. It’s…
Kluisz rebrands as Nava, raises $21.7 million to build AI neocloud platform
BENGALURU: Private cloud computing startup Kluisz has rebranded to Nava and raised $21.7 million, or approximately ₹180 crore, in a Series A funding round led by Greenoaks Capital, as investors…
Exclusive: True North, TA revive plan to sell ACT Fibernet in $1 bn deal
The owners of ACT Fibernet have decided to sell the company for around $1 billion, three people familiar with the development said, five years after a failed deal to sell…
Banks Selling $3 Billion Debt for Meta’s Prometheus Data Center
(Bloomberg) — A group of banks including Natixis SA, Mitsubishi UFJ Financial Group Inc. and Societe Generale SA have started selling $3 billion of loans for a data center in…