Krutrim, Ola founder Bhavish Aggarwal’s ambitious AI venture, has seen a significant leadership exodus and workforce reduction. Key AI and semiconductor leaders, along with over 60 linguistics staff, have departed as funding dried up, leading to the discontinuation of its…
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Oil prices dipped for a second day as U.S. President Trump hinted at a potential peace agreement with Iran, leading to hopes of restored Middle East supply routes. Trump announced a temporary pause on escorting ships through the Strait of…
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Global lenders are exploring various financing options for Sun Pharmaceutical Industries’ proposed $12 billion acquisition of Organon & Co. The Indian drugmaker is considering swapping Organon bondholders into Sun Pharma debt and a potential euro-denominated bond. Additionally, Sun Pharma plans…
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Twelve Indian companies announced over USD 1.1 billion in US investments across aerospace, defense, energy, and AI sectors at the SelectUSA Investment Summit. These significant investments are projected to create 1,500 jobs in the United States, with major contributions from…
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He will replace Ravinder Takkar, who has stepped down from the position but will continue to assist Birla as non-executive vice-chairman, according to the filing.
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Banks are reducing lending rates faster than they are reducing deposit rates. This gap makes it difficult for them to lower loan rates aggressively without hurting their margins.
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