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IBM is Closing its Research Lab in this Nation, Laying Off 1000 Staff

IBM is Closing its Research Lab in this Nation, Laying Off 1000 Staff

IBM has allegedly closed its research and development (R&D) activities in China, joining a growing list of large tech corporations reducing their mainland presence due to geopolitical concerns. According to a Chinese magazine, IBM's...

BHEL receives Rs 11,000 crore contract for three supercritical power plants from Adani Power

BHEL receives Rs 11,000 crore contract for three supercritical power plants from Adani Power

Bharat Heavy Electricals Limited (BHEL) has signed a contract with Adani Power Limited (APL) and its subsidiary Mahan Energen Limited (MEL) for the development of three Supercritical Thermal Power projects for over Rs 11000 crore (excluding GST)....

Uber 'Black' is Coming Back Soon, but Just for a Few in Mumbai

Uber 'Black' is Coming Back Soon, but Just for a Few in Mumbai

According to reports, Uber is bringing back Uber Black in India in order to promote premium experiences. The ride-hailing platform will launch the service in the coming weeks, beginning with a few neighborhoods in Mumbai. Uber's operations in...

Cognizant sues software peer Infosys over trade secrets

Cognizant sues software peer Infosys over trade secrets

Cognizant TriZetto, a software supplier, sued Indian IT firm Infosys in Texas federal court on Friday, alleging Infosys of stealing trade secrets for its healthcare insurance program. Cognizant said in the complaint that Infosys improperly took...

Perks of Future-proofing Business to Mitigate Unavoidable Shocks

Perks of Future-proofing Business to Mitigate Unavoidable Shocks

Could your firm withstand a huge setback? With today's fast developments in markets and technology, many organizations are asking this issue. It boils down to this: Is your business future-proof? While future-proofing a business may sound...

Mark Schneider, CEO of Nestle, Steps Down after Eight Years

Mark Schneider, CEO of Nestle, Steps Down after Eight Years

After eight years in command, Nestle CEO Mark Schneider resigned from the Swiss food conglomerate. According to the corporation, Mark Schneider "has decided to relinquish his roles as CEO and member of the Board of Directors," and...

Adani Power receives NCLT clearance to acquire Lanco Amarkantak Power

Adani Power receives NCLT clearance to acquire Lanco Amarkantak Power

Adani Power said on Thursday that the NCLT Hyderabad bench has authorized its bid to acquire Lanco Amarkantak Power Ltd (LAPL) for an upfront payment of Rs 4,101 crore. LAPL is now undertaking the Corporate Insolvency Resolution Process...

Billionaire Adani plans to revamp family offices, increase oversight, hire auditors and CEO

Billionaire Adani plans to revamp family offices, increase oversight, hire auditors and CEO

According to persons familiar with the situation, billionaire Gautam Adani intends to recruit a chief executive officer and select auditors from a premier international company for his family offices in order to increase the level of transparency...

Tech Mahindra and Google Cloud join hands to enhance GenAI application

Tech Mahindra and Google Cloud join hands to enhance GenAI application

Tech Mahindra and Google Cloud established a strategic agreement to increase the use of generative AI (GenAI) across multiple Mahindra & Mahindra (M&M) organizations, with the goal of advancing digital transformation. This agreement is a...

Microsoft clarifies the advantages of AI and updates business unit reporting

Microsoft clarifies the advantages of AI and updates business unit reporting

In an effort to provide investors a more accurate picture of the contributions of artificial intelligence, Microsoft reorganized how it discloses results for its business divisions on Wednesday. Specifically, certain search and news advertising...

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