Tata Consultancy Services (TCS) has responded to the US government’s move to suspend it and other major IT firms from the employment-based green card programme, saying it does not expect…
Category: Companies
OpenAI’s revenue run rate is $20 billion lower than reported: Why it matters for the Anthropic IPO race
OpenAI’s annualised revenue for September was almost $50 billion, about $20 billion below the nearly $70 billion figure reported by several media outlets late last month, the Financial Times reported…
Microsoft says ‘vast majority’ of US employees are Americans, defends H-1B hiring amid green card freeze
Microsoft on Thursday defended its hiring practices after the US government suspended the company from its employment-based green card programme, saying most of its American workforce is US citizens and…
United Airlines CEO Scott Kirby’s daily routine: 8.5 hours of sleep, 3 hours of reading and a 5-minute lunch
CEO has offered a glimpse into his daily routine, which includes 8.5 hours of sleep, early-morning workouts, around three hours of reading and a cap on meetings. Despite leading a…
Australias Maas enters trading halt after Nvidia-backed Firmus shelves $5 billion IPO plan
Oct 9 (Reuters) – Shares of Australia’s Maas Group entered a trading halt on Friday pending an announcement related to Nvidia-backed data centre operator Firmus, which has shelved its $5…
US tries to dig up Indians’ green card journey, but few are on that path
The US administration’s effort to block immigrant workers’ journey from H-1B visas to US permanent residency may leave Indian IT services companies unscathed, as traffic along this route had already…
OpenAI’s Revenue Run Rate Nears $50 Billion, Less Than Reported
(Bloomberg) — OpenAI is on track to generate annualized revenue of roughly $50 billion based on its current performance, according to people familiar with the matter, an uptick from the…
TCS posts slowest Q2 growth in three years as demand stays muted
Tata Consultancy Services Ltd (TCS) in the September quarter but posted its slowest second-quarter growth in three years, and management said client demand has yet to improve. India’s largest tech…
FSSAI issues notice to Dr. Reddy’s, Nestle Health Science, e-comm players over misleading claims
The Food Safety and Standards Authority of India (FSSAI) on Thursday said it has issued notices to Dr. Reddy’s and Nestle Health Science Ltd besides Flipkart India, Amazon India, Netmeds…
bp chief meets PM, Oil Minister; to bid in OALP rounds
bp CEO Meg O’Neill met Prime Minister Narendra Modi and Oil Minister Hardeep Singh Puri on Thursday with the oil and gas major discussing upcoming investments and participation in Open…