Deepinder Goyal, the founder and Group CEO of Eternal, which runs Zomato and Blinkit, in a letter to the shareholders announced that he is stepping away from the top executive role and handing over the reigns to Albinder Dhindsa. Goyal will move to the position of Vice Chairman He said the decision is driven by … Read more
Warren Buffett’s successor is kicking off his tenure by taking a step to unravel one of the Wall Street legend’s rare investment missteps. Berkshire Hathaway signaled it could soon offload its position in Kraft Heinz in a new regulatory filing on Wednesday, which could allow the conglomerate to sell its entire stake in the food … Read more
Emergent has raised $70 million in a fresh round of funding led by Khosla Ventures and SoftBank Vision Fund 2, as the San Francisco-headquartered vibe coding startup looks to bolster its engineering team and expand into the enterprise market. Other investors such as Prosus, Lightspeed, Together, and Y Combinator also participated in the investment round. … Read more
The joint venture between Jio Financial Services and BlackRock has also seen strong participation from investors beyond major metros, with 40% of its retail investors coming from B-30 cities. Photo Credit: Jio BlackRock Mutual Funds Instagram Jio BlackRock Asset Management, which launched its services in May, has built an investor base of 10 lakh, with … Read more
The board of ICICI Bank has approved the reappointment of Sandeep Bakhshi as MD & CEO for a further two-year term, beginning October 4, 2026 and ending October 3, 2028. Bakhshi’s current tenure runs till October 3, 2026. He took over as MD & CEO in October 2018 and has been credited with significant turnaround … Read more
Elon Musk wants OpenAI Inc. and Microsoft to pay him damages in the range of $79 billion to $134 billion over his claims that the generative AI company defrauded him by abandoning its nonprofit roots and partnering with the software giant. Musk’s lawyer detailed the damages request in a court filing Friday, a day after … Read more
OpenAI announced Friday it will begin testing advertisements on ChatGPT in the coming weeks, as the wildly popular artificial intelligence chatbot seeks to increase revenue to cover its soaring costs. The ads will initially appear in the United States for free and lower-tier subscribers, the company said in a blog post outlining its long-anticipated move. … Read more
Billionaire Mukesh Ambani-led Reliance Industries’ FMCG arm, Reliance Consumer, has acquired global rights of international brands such as Brylcreem, Toni & Guy, and Badedas, the company informed on Friday, along with its financial results for the quarter ended on 31 December 2026. Additionally, it acquired global rights of Matey, a UK-based specialist brand focused on … Read more
President Donald Trump railed against JPMorgan Chase & Co. and its leader Jamie Dimon, threatening to sue the banking giant over his claim that he was debanked after the Jan. 6, 2021, Capitol riot. In a post Saturday, Trump responded to a Wall Street Journal story that said Trump offered Dimon the role of Federal … Read more