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…
Category: Companies
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…
US banks could release $320 billion in capital with new draft rules, analysts say
By Tatiana Bautzer NEW YORK, April 8 (Reuters) – Big U.S. banks may be able to release up to $320 billion in capital under revised draft rules unveiled by regulators…
Tata Trusts trustee Vijay Singh received over ₹20 crore as commission and fees from Tata companies
Tata Trusts trustee Vijay Singh is understood to have received a little over ₹20 crore as sitting fees and commission on the boards of various Tata group companies, including Tata…
Amazon denies reports of 14,000 layoffs planned for May: ‘…not based in fact’
Amazon has denied several media reports of a planned firing of 14,000 employees in May. On Wednesday, a report went viral claiming that after laying off 16,000 employees in January,…