Tesla and SpaceX CEO Elon Musk, the world’s second-wealthiest person, is now the official record holder for the largest loss of personal fortune in history, according to Guinness World Records, which cited Forbes’ estimation of the drop in Musk’s net worth. The previous record holder was Korean-Japanese billionaire and Softbank
Innocean India, part of the Seoul-based INNOCEAN Global Network, on Tuesday announced the appointment of its new Chief Operating Officer (COO) Santosh Kumar who, the company said, has a successful track record in large corporates, and also as an entrepreneur. “He brings to the company a wide range of capabilities
Equity benchmarks Sensex and Nifty ended 1 per cent lower on Tuesday, dragged down by Reliance Industries and banking stocks along with a weak trend in European markets. Unabated foreign fund outflows also negatively impacted the domestic equity market. The 30-share BSE Sensex tanked 631.83 points or 1.04 per cent
Recently, Sam Altman, co-founder and CEO of San Francisco-based OpenAI, tweeted a photo from the first day of the company. Reacting to the picture, Indian-American businessman Vinod Khosla remarked he felt extremely fortunate that his venture capital (VC) firm (Khosla Ventures) was the first such firm to invest in OpenAI.
Equity benchmarks declined in initial trade on Tuesday, dragged down by IT and banking stocks amid a mixed trend in global markets. Unabated foreign fund outflows also negatively impacted the domestic equity market. The 30-share BSE Sensex declined 243 points to 60,504.30 points. The broader NSE Nifty fell 61.75 points
India’s largest IT services company TCS reported an 11 per cent rise in December quarter net profit to ₹10,846 crore, restricted by a narrowing of profit margins, but sounded sanguine about the deal pipeline. In a multi-year first, the company reported a marginal decline in its employee base, which had