Business News

Business

Adebayo Ogunlesi, a Global Finance Heavyweight, Joins OpenAI's Board to Shape the Future of AI

OpenAI appoints Adebayo Ogunlesi, a global finance leader with extensive experience in infrastructure investment and strategy, to its Board of Directors. Ogunlesi's expertise is ex...

Business

Meta Announces Further Staff Reductions, Targeting Underperforming Employees

Meta Platforms Inc. is set to cut more staff, focusing on underperforming employees. CEO Mark Zuckerberg aims to raise performance standards, with plans to refill positions by 2025...

Business

India's Commerce Ministry Eyes 5-Year Extension for Exporters' Interest Equalisation Scheme in Upcoming Budget

India's Commerce Ministry is pushing for a five-year extension of the interest equalisation scheme to support exporters with competitive rates, amidst global economic challenges. T...

Business

Reserve Bank of India Announces Major Portfolio Reassignment Among Deputy Governors

The Reserve Bank of India has reorganized the portfolios of its deputy governors following the end of Michael Debabrata Patra's term. M Rajeshwar Rao takes over key departments, ai...

Business

Sanjib Sahoo Ascends to President of Global Platform Group at Ingram Micro, Spearheading Digital Innovation

Ingram Micro Holding promotes Sanjib Sahoo to President of its Global Platform Group, highlighting his role in advancing the company's digital transformation with the innovative Xv...

Business

Boeing Achieves 348 Deliveries in 2024 Amid Production Challenges and Strikes

Boeing delivered 348 airplanes in 2024, facing a nearly one-third decrease from the previous year due to production challenges and strikes. Despite setbacks, including a machinist ...

Business

Indian Government Eyes Stake Reduction in Five Key State-Run Banks to Boost Market Liquidity

The Indian government plans to reduce its stakes in five state-run banks, including UCO Bank and Central Bank of India, to enhance market liquidity and meet public holding norms. T...

Business

India's ASCI Enforces Stricter Guidelines for LinkedIn Influencers to Ensure Transparency

The Advertising Standards Council of India (ASCI) has introduced stricter guidelines for LinkedIn influencers, requiring them to disclose any material connections with brands they ...