Latest News, Updates & Breaking Headlines
NEW DELHI: Bharti Enterprises and Warburg Pincus on Wednesday announced a strategic investment in Haier India, a subsidiary of Chinese consumer electronics maker Haier Group, picking up a collective 49% stake in the company. This is the second major Chinese company to have sold a sizeable stake in its Indian business after MG Motor, a…
Sunil Mittal (File photo-ANI) New Delhi: Bharti Enterprises and Warburg Pincus on Wednesday announced a strategic investment in Haier India, a subsidiary of Chinese consumer electronics maker Haier Group, picking up a collective 49% stake in the company. This is the second Chinese company to have sold a significant stake in its Indian operations after…
Apple is facing its most severe talent crisis in decades as a wave of departures reshapes the company’s leadership structure and threatens its competitive position in artificial intelligence. The crisis runs deeper than executive departures; several dozen engineers have departed the company for OpenAI and Meta, creating a talent exodus at iPhone maker. The scale…
Microsoft’s 2000 acquisition of Bungie Studios, spurred by a 1999 Macworld demo of Halo with Steve Jobs, secured a flagship franchise for the then-upcoming Xbox. Initially a Mac-exclusive concept, Microsoft’s timely offer rescued a struggling Bungie and transformed Halo into a system-defining, billion-dollar success that reshaped console gaming. Microsoft’s acquisition of Bungie Studios in 2000…
Apple has cut dozens of sales positions across its enterprise, education, and government teams in a rare workforce reduction that caught affected employees by surprise. The iPhone maker is restructuring how it sells to institutional customers, with some workers believing the move signals a strategic shift toward third-party resellers rather than direct sales.The company confirmed…
MUMBAI: Your next pack of Biscoff cookies will be made in India which also means you will be paying less for them. The Belgian brand from the house of Lotus Bakeries has started local production in India in partnership with Cadbury chocolates and Oreo cookies maker Mondelez as the family run Brussels listed company plans…
AI Image for Representation In a blow to the beleaguered Swiss watchmaker, Swatch Group is reportedly set to be ousted from the benchmark Swiss Leader Index (SLI) next month, stock exchange operator SIX announced this week, citing a sharp drop in the company’s market capitalization and dwindling share trading volumes. According to a report by…
Ford CEO Jim Farley has joined a list of auto makers who are raising concerns about Apple’s expanding control over in-car systems through its new CarPlay Ultra platform. “We don’t like the execution of Ultra in round one,” Farley told The Verge, adding “I’ve talked to Tim [Cook] many times about this. Ford does not…
Kimberly-Clark is set to acquire Tylenol maker Kenvue in a cash-and-stock transaction valued at approximately $48.7 billion, creating one of the world’s largest consumer health goods companies, AP reported.Under the terms of the agreement, Kenvue shareholders will receive $3.50 per share in cash and 0.14625 Kimberly-Clark shares for each Kenvue share held at closing. Based…
Nvidia CEO Jensen Huang having dinner in Korea (Credits: Reuters) A simple evening of fried chicken and beer has sparked an extraordinary rally in South Korea’s food sector, proving once again that Jensen Huang’s influence extends far beyond silicon chips. The Nvidia CEO’s Thursday night dinner with Samsung Electronics Chairman Jay Y Lee and Hyundai…
