Page 926 - Company News

GM's Cruise prepares to resume robotaxi testing after suspension

The company has been focusing its comeback plan on Texas, which has relatively liberal regulation for companies that seek to operate autonomous vehicles in the state

Healthcare firm Abridge secures $150 mn to develop AI model for clinicians

Shiv Rao, CEO of Abridge and also a practicing cardiologist, said the company plans to use the fresh funding for hiring as well as acquiring and training purpose-built medical AI models

CEO's pay hiked to $26 mn in 2023, Citigroup says amid 20,000 job cuts plan

Jane Fraser's pay included a base salary of $1.5 million and a cash bonus of $3.7 million as well as $20.8 million in deferred performance-linked stock, the company said

'No FEMA violations': Hiranandani Group on ED searches at Mumbai office

Hiranandani Group said that the inquiry was related to a 15-year-old matter and it took time to find old records

Infosys CEO & MD Salil Parekh joins USISPF on its board of directors

Salil's recent addition to the USISPF Board accentuates the success story of Indian IT giants in the US for years

Electric mobility firm Yulu raises Rs 160 cr capital in equity funding

The equity infusion will help the company fast-track its growth plans, said Amit Gupta, Co-founder &and CEO of Yulu

Vice Media to stop publishing on its website, lay off 'several' hundreds

Vice Media's CEO, Bruce Dixon, said that it was no longer cost-effective for Vice to distribute digital content, including news

Nvidia Corp tops Meta record with $277 billion surge in market value

Nvidia shares surged after it reported blowout results that cemented Wall Street bets on the potential for its artificial intelligence technologies

Nvidia surges after company proclaims AI has hit 'tipping point': Report

The shares jumped about 13% in premarket trading on Thursday following the announcement. They earlier closed at $674.72 in New York, leaving them up 36% for the year

Uber CEO Dara Khosrowshahi takes a bus ride during his India visit

Khosrowshahi explored the Uber Shuttle in Bengaluru along with members of the Uber Tech team that is building the product for India and the world

Grasim Industries paints Rs 10K cr sales target in 3 years for Birla Opus

Further, it aims to become the second-biggest player in the Rs 80,000 crore Indian decorative paints market, which is currently dominated by Asian Paints

Roads and renewables: Global PE major KKR to raise infra bet in India

Major portion of $6.4 billion Asia-Pacific fund set to be routed to India

Boeing replaces head of 737 Max program two months after midair blowout

Ed Clark, who helped ramp up 737 production in the aftermath of the Covid-19 pandemic, is stepping down immediately after nearly 18 years at Boeing, the company said Wednesday

Google to make Pixel in India by next quarter, plans to ship 10 mn phones

The move will also help Google diversify its supply chain away from China, the Nikkei report said, citing a person with direct knowledge of the matter

Delhi HC orders SpiceJet to return leased engine to Brussels by March 10

Delhi HC orders SpiceJet to return leased engine to Brussels by March 10

Amul's golden jubilee: Modi calls for making it biggest dairy firm globally

Modi made the pitch while addressing nearly 100,000 people at the Narendra Modi Stadium in Ahmedabad, to celebrate the golden jubilee celebration of the GCMMF

Google's Gemini AI accused of acting too 'woke', company admits mistake

The row erupted after a user pointed out that Gemini, earlier known as Bard, was showing inaccurate images when asked to furnish certain information

South Indian Bank approves Rs 1,151 cr rights issues to fund business

The rights issue would be priced at Rs 22 per fully paid-up share, including a Rs 21 premium per unit on application, it said

Ikea India shuts its Mumbai City store, might open another in Pune

Ikea India has two more stores in Mumbai which will continue. It has a city store in Worli and a big box store at Navi Mumbai

Google-backed space startup Pixxel set to launch 6 satellites from June

This comes almost a year after the Alphabet-owned company became part of a $36-million funding round for the Indian satellite-image startup