Alphabet CEO Sundar Pichai is on the cusp of achieving a rare milestone for a non-founder tech executive: a 10-figure fortune. Since Pichai, 51, became CEO of Google in 2015, the stock has surged more than 400%, significantly outperforming the S& and Nasdaq over the same period. It hit a fresh record on Friday after … Read more
The Reserve Bank of India on Tuesday updated its “guidance note” on operational risk management for the financial sector, and also extended it to the NBFCs, including housing finance companies. The 2005 ‘Guidance Note on Management of Operational Risk’ covered only commercial banks. The Reserve Bank of India (RBI) said an operational disruption can threaten … Read more
The founding family of 127-year-old Godrej Group, which spans from soaps and home appliances to real estate, has reached an agreement to split the conglomerate, with Adi Godrej and his brother Nadir keeping Godrej Industries that has five listed firms, while cousins Jamshyd and Smita getting unlisted Godrej & Boyce and its affiliates as well … Read more
Gems and jewellery exports, one of the largest categories in India’s export basket, ended FY24 with a steep decline, sinking to its lowest levels in three years due to lower global demand. According to data from the commerce ministry’s Niryat portal, gems and jewellery exports stood at $32.71 billion during FY24, down from $37.96 billion … Read more
Stock exchanges have to pay a regulatory fee to SEBI based on every financial year’s annual turnover. In this regards, SEBI has issued the following order to BSE – Since introduction of derivative contracts, BSE has been calculating turnover wrongly in case of the option contracts. It’s calculating turnover considering premium value of options contracts … Read more
The top US auto-safety regulator is again investigating Tesla Inc.’s Autopilot, this time over whether a fix deployed months ago did enough to stop people from misusing the system. The National Highway Traffic Safety Administration disclosed Friday that it’s opened a query into the Autopilot recall Tesla conducted in December. The agency is concerned as … Read more
Nestle has announced to launch it’s premium offering NESPRESSO in India by the end of 2024. The range will be available in both original and professional systems, to serve domestic and professional consumers. The first NESPRESSO boutique is intended to be opened in Delhi, before expanding to other key cities. It will also be sold … Read more
ICICI Bank has blocked credit cards of 17,000 new customers after their data was reportedly exposed and reached “wrong users”. The bank said that it is issuing new cards to the customers. An ICICI Bank spokesperson told news agency IANS about 17,000 credit cards that were issued in the past few days “were erroneously mapped … Read more