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Subscribe to enjoy similar stories. If you happen to be on a Texas highway sometime this summer, and see a 50,000-pound semi truck barreling along with nobody behind the wheel, just remember: A self-driving truck is less likely to kill someone than one driven by a human. At least that’s what Chris Urmson, chief executive of autonomous-vehicle software maker Aurora Innovation, insists.

Subscribe to enjoy similar stories. MUMBAI : Institutional Investor Advisory Services India Ltd (IiAS) has faulted IndiGo’s promoter and managing director (M), Rahul Bhatia, for not leading from the front when the airline is facing its most challenging operational episode, even as the influential proxy advisory firm has sought a review of the current board structure, which allows Bhatia to nominate half of the board.

Subscribe to enjoy similar stories. The government has paved the way for 100% foreign direct investment in the insurance sector, composite licences and easier capital requirements, among other sweeping reforms, as the Union Cabinet cleared the enabling legislation, said two officials aware of the matter. The Insurance Laws (Amendment) Bill is expected to be introduced in both houses of Parliament next week, the first of the two officials quoted above said.

Subscribe to enjoy similar stories. Jamie Dimon wants to protect America from potential foreign adversaries. He is assembling a group of national titans and close friends, from Jeff Bezos to Condoleezza Rice, to help him get it ready.

Subscribe to enjoy similar stories. Berkshire Hathaway’s top ranks are changing hands as it prepares for the imminent retirement of its founder Warren Buffett. One of Buffett’s top lieutenants, Todd Combs, Berkshire’s investment manager and chief executive of its Geico insurance unit, is stepping down to join JPMorgan Chase to head up the bank’s recently launched security and resiliency initiative.

Subscribe to enjoy similar stories. Berkshire Hathaway’s top ranks are changing hands as it prepares for the imminent retirement of its founder Warren Buffett. One of Buffett’s top lieutenants, Todd Combs, Berkshire’s investment manager and chief executive of its Geico insurance unit, is stepping down to join JPMorgan Chase to head up the bank’s recently launched security and resiliency initiative.

Subscribe to enjoy similar stories. The message out of Big Tech these days is that even the CEO’s job is at risk with the rise of artificial intelligence. We’re accustomed to all of the talk about superintelligent AI vacuuming up office jobs and robots replacing workers on factory floors.

Subscribe to enjoy similar stories. Bitcoin and other digital assets are staging a recovery. Some crypto industry companies tied to President Donald Trump and his family aren’t keeping up.

Subscribe to enjoy similar stories. NEW DELHI : Global fashion and personal-care brands are scrambling to enter India, attracted by rising affluence and evolving consumer aspirations in the world’s fastest-growing major economy, even as demand cools in other key markets. Large international clothing labels such as COS, Bershka, Next, and G-Star Raw, and cosmetics brand Lush have entered the Indian market over the past year.

OpenAI is struggling to convert that momentum into meaningful revenue, TechCrunch reported, citing third-party data. Despite rising engagement, subscription income from India remains a fraction of what the company earns in the United States. Strong adoption, limited monetisation According to analytics firm SensorTower, Indian users have spent $8 million on ChatGPT subscriptions via in-app payments since 2023, excluding web-based payments. In contrast, US users have spent around $330 million during the same period.

Indian toy industry is ready to take advantage of the high tariffs imposed by the US on competitors such as China and Vietnam, and the domestic players have already begun work on expanding capacity and forming joint ventures with global firms, exporters said on Sunday. They added that India has emerged as a winner in the recent US tariff hikes, as the exporters are better positioned to absorb the impact compared to competitor countries that are facing higher import duties in America. While the US has imposed an additional 26 per cent import duty on India, its competitor Vietnam is facing 46 per cent tariff, Bangladesh 37 per cent, China 54 per cent, Indonesia 32 per cent, and Thailand 36 per cent. «Huge opportunities are there for our exporters now. Vietnam's exports are about USD 6 billion and China's are USD 80 billion. Now their items will face higher duties in the US than that of Indian toys. All big toy firms are exploring opportunities to set up plants in India,» the CEO of Playgro Toys India, Manu Gupta, said. India's toy exports are hovering in the range of USD 326 million to USD 348 million for the last three years, according to the industry. He said that early conclusion of a bilateral trade agreement with the US will also help Indian toy players to increase shipments.

Eternal, has resigned, the company said Saturday. Food delivery is the company's biggest revenue generating vertical. Chandra had joined the company in 2018 and was elevated to the role of food delivery COO in 2023. In the food delivery segment, which is led by Rakesh Ranjan, the company has witnessed a slowdown in growth amid broader consumption softness.

Warren Buffett, the legendary investor and Berkshire Hathaway CEO, complimented Trump's economic policies, as per Fortune.

Subscribe to enjoy similar stories. You could be a CEO or a recruit still wet behind the ears, but appraisal time brings in a bout of the heebie jeebies that spare few. The appraisal process can be cumbersome.

At the centre of the storm was Meta CEO Mark Zuckerberg, who lost a staggering $17.9 billion in a single day. The tech mogul now stands at $189 billion in total wealth, down $18.6 billion in 2025 alone, according to the Bloomberg Billionaire Index. Amazon founder Jeff Bezos came in close behind, shedding $15.9 billion. Elon Musk, Tesla chief and a close Trump ally through his advisory roles and links to the Department of Government Efficiency (DOGE), was third on the list. He saw $11 billion wiped off his wealth overnight, bringing his total losses for 2025 to over $110 billion. “This is not just a tech correction. It’s a direct consequence of aggressive policy moves that are shaking investor trust,” said David Bahnsen, Chief Investment Officer at The Bahnsen Group, speaking to Reuters.

India Fintech Foundation (IFF)—the proposed self-regulatory organisation (SRO) for the fintech industry, also known as the SRO-Fintech Development Foundation (SROFT-DF). Present at the the launch event was Amitabh Kant, India’s G20 Sherpa, Shri NS Viswanathan, former Deputy Governor of the Reserve Bank of India and Non-Executive Chairman of Axis Bank and Sanjiv Singh, Joint Secretary, DPIIT. Kant formally unveiled the IFF logo, marking the official inauguration of the Foundation. The proposed SRO aims to bridge the regulatory gap by enabling innovation while ensuring responsible conduct and consumer protection. The chief guests emphasised the need for inclusive fintech growth anchored in effective industry-led self-regulation. Viswanathan will serve as Chairman of the IFF Board, guiding the long-term vision of the proposed SRO.

IndusInd Bank ignored established Indian derivative accounting practices for years as it chased profit growth, resulting in a $175 million balance-sheet hole and the biggest crisis for the lender in its three-decade history, multiple sources said. Still, the 2.35% shortfall in the net worth of India's fifth-biggest private sector lender may not have come to light last month had the rupee not sharply slumped recently, said the sources. IndusInd disclosed in March accounting discrepancies in its derivatives portfolio whose impact roughly equated to an entire quarter's profits and sparked the loss of about one-fourth of its market value.

Niti Aayog chief executive Amitabh Kant said, adding that the country must avoid becoming a mere imitator of Western countries or any other nation. “Doing more for less is critical and this is what startups can do. Open-source will be the way forward.We must build sovereign frontier models based on our own datasets and not have inherent biases towards the West,” he said. Speaking at Startup Mahakumbh, an event being organised by Department for Promotion of Industry and Internal Trade (DPIIT), Kant encouraged Indian startups to get into deeptech sectors such as artificial intelligence (AI), space geostational maps, drones and sunrise areas of growth such as EVs, and electronic manufacturing.

Sushant Dash, CEO, Starbucks India says «We are focussing on store count expansion. And when you are doing that, it requires investment. And that has an impact on the bottom line.» As of September 2024, the company has a new global CEO, Brian Niccol who took on the role after Laxman Narasimhan, who held the position since March 2023 and was replaced amid declining sales and stock prices, last September.

«Over 120,000 people were laid off this year. And many of them didn’t even get a call. Some found out through a blocked email. Some were just removed from Slack in the middle of the day. That’s inhuman. Yes, layoffs happen. But how you handle them says everything about your culture,» said Harsh Pokharna in a post on LinkedIn. «I know it’s tough to have these conversations, but this is what you signed up for when you became a founder. If you call someone “family” while hiring them, treat them like family when letting them go too,» added the Bengaluru-based CEO.

Piyush Goyal stirred controversy while addressing the Startup Mahakumbh 2025 in New Delhi. His remarks on India’s startup ecosystem, specifically his rhetorical question, «Are we going to be happy being delivery boys and girls? » drew mixed reactions from the entrepreneurial community. By comparing India’s startup landscape to China’s, Goyal ignited a broader debate about the country’s technological aspirations and economic growth.