CEO Financial News

VedantaThe Committee of Directors of Vedanta Ltd approved raising up to Rs 2,500 crore through issuance of non-convertible debentures (NCDs) in one or more tranches.JSW SteelIndia's JSW Steel Ltd, is slowing down the process to buy a stake in the steelmaking coal unit of Canada's Teck Resources, Reuters reported, in the first sign that a diplomatic spat is affecting trade ties.Read more: Here's the trade setup for today's sessionWipro IT services provider Wipro said Jatin Dalal has resigned as chief financial officer to pursue other opportunities after more than two decades with the company.Glenmark LifeGlenmark Pharmaceuticals has received board approval to sell 75% stake in subsidiary Glenmark Life Sciences to Nirma Ltd for Rs 5,652 crore.ICICI LombardBhargav Dasgupta, MD and CEO of ICICI Lombard General Insurance resigned to pursue a career opportunity outside the country.SAMHI Hotels, Zaggle PrepaidShares of SAMHI Hotels and Zaggle Prepaid will debut on the exchanges today.

large contracts coming up for bidding, which accelerated in the December quarter, continued and led Genpact to book «record deals» in the first two quarters of 2023, NV (Tiger) Tyagarajan, chief executive at the US-headquartered business process management firm, told ET. The London-based executive said the company’s data-tech-artificial intelligence segment, which accounts for 45% of total revenue, will make up half of its revenue by 2026. Almost 100% of Genpact's client conversations in the last few months have been converted into engagements where generative AI (GenAI) is being used in their regular operations, he added.

After-Hours Stock Movers:

(Reuters) -Faraday Future Intelligent Electric on Thursday named company insider Matthias Aydt its new global CEO, effective Sept. 29, as the troubled EV maker focuses on boosting production and generating revenue.

MUMBAI : Moonlighting has waned in the tech services sector as a subdued job market, fewer freelance gigs and back-to-office policies shrink opportunities for employees keen to make a quick buck on the side. The change also marks a reversal of fortunes in the tech sector, where it had become a serious concern during the peak of the pandemic-fuelled boom. IT firms fretted that the trend would affect productivity, create conflicts of interest and cause data breaches.

ESMA) is said to have proposed to the Reserve Bank of India to continue their existing Memorandum of Understanding on the treatment of clearing houses, a step that could resolve roadblocks to billions of dollars' worth of bond trading. The latest communication by Europe's top financial markets regulator to the RBI, made earlier this month, comes amid a standoff between the Indian central bank and European authorities over the latter's requirement of rights of audit and inspection of domestic clearing houses, including The Clearing Corporation of India Ltd (CCIL). «Around two weeks ago, ESMA put forward the idea of continuing with the current MoU that is in place. The existing framework does have certain provisions for oversight but within a clearly defined understanding that nothing would be done bypassing the RBI,» a person aware of the development said. «The root of the disagreement that broke out since last year is the EMIR (European Market Infrastructure Regulation) 2 which has far greater provisions of foreign oversight over domestic clearing houses.

While quantum hardware remains immature, companies say they found another way to put complex quantum algorithms to work: running them on the same chips used for powering artificial intelligence. This process, known as simulation, has in recent years received a boost from the growing scale of computing power that graphics-processing units and other advanced chips offer. “Nobody thought this was possible," said Jack Hidary, CEO of quantum software company Sandbox AQ, which spun off from Google in 2022.

Alphabet-owned Google (NASDAQ:GOOGL) denied an earlier report from TheInformation.com that it is considering ending its reliance on Broadcom (NASDAQ:AVGO) as a supplier of high-end chips.

Silicon Valley tech giant Cisco is buying cybersecurity firm Splunk in a $28 billion deal as it looks to keep up with potential security threats that could be brought about by the increasing use of artificial intelligence

King Charles III has made an emotional stop in front of Paris' fire-damaged Notre Dame cathedral on the second day of his state visit to France

Adidas CEO Bjørn Gulden said he doubts that Ye, the artist formerly known as Kanye West, “meant what he said” when he made a series of antisemitic and offensive remarks last year

Hollywood studios and striking screenwriters are resuming negotiations for the second day in a row

WASHINGTON (Reuters) — The CEO of internet search engine company DuckDuckGo testified on Thursday that his company struggled to grow its market share because Google was paying key companies billions of dollars to keep its search engine as the default on computers or mobile devices.

The CTC promised to this engineer included all perks, benefits and restricted stock units. There are thousands of such job seekers, including many from top-tier engineering and management institutes, who have fallen victim to what market experts call a «fresher glut» created by a spike in the talent pool of young professionals — freshers and those with one to two years of experience. This pool has swelled this year with a higher-than-usual number of candidates from the 2022 batch of engineers and B-school graduates already looking out for a job change in sectors such as consulting, IT services and startups, adding to those freshers from the 2023 batch whose final offers have been delayed or revoked. Nearly 45% candidates from the 2022 batch are currently in the job market, according to data from HirePro, compared with around 25% in a normal year, as an uncertain macroeconomic environment globally forces companies to cut jobs and tighten recruitments as part of efforts to reduce cost. «Our estimates suggest nearly 20-30% of the offers from the 2023 batch are delayed or revoked,» said Pasupathi. «This means the 2022 batch is already competing with the 2023 batch.

«Those who have already received visas are now questioning whether they will be able to travel or not,» said Leverage Edu CEO Akshay Chaturvedi. Till Wednesday evening, around three of the last 100 calls that came into Leverage Edu's office about studies in Canada were about the impact of the India-Canada fallout.

By Leah Douglas

By Milana Vinn and Anirban Sen

It’s becoming clear that scientists are only scratching the surface of what artificial intelligence (AI) can teach us about human biology and disease. Case in point: new work by Alphabet’s AI subsidiary, Google DeepMind, that promises to help winnow down the genetic causes of human afflictions.

Cisco Systems Inc. has announced that it will buy cybersecurity firm Splunk in a $28 billion deal. The purchase is going to be Cisco's biggest acquisition yet.

(Reuters) — Media mogul Rupert Murdoch, 92, has stepped down as the chairman of Fox Corp and News Corp (NASDAQ:NWSA), ending a more than seven-decade career in which he created an empire spanning from Australia to the United States.

Cisco Systems (NASDAQ:CSCO) and Splunk (NASDAQ:SPLK) have entered into a definitive takeover agreement, with Cisco intending to acquire Splunk for $157 per share in cash, two companies said today.