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Tan, a well-respected semiconductor industry veteran who has long been seen as a contender for CEO at Intel, has been approached by Intel's board in recent days to gauge his interest in taking up the job, the sources said, requesting anonymity as the discussions are confidential. Intel's board is mostly evaluating outsider candidates for the role and has also approached Marvell Technology CEO Matt Murphy, two of the sources said.

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Tesla CEO Elon Musk wrote on X after a judge ruled on Monday that Musk is not entitled to receive a $56 billion compensation package. The ruling came despite shareholders of the electric vehicle company voting in June to reinstate Musk's pay package which was thrown out by the same judge in January. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price. How was Musk's compensation structured?

AT&T anticipates earnings growth over the next three years thanks to the momentum of 5G and fiber services

BlackRock is buying credit investment manager HPS Investment Partners in a stock deal valued at about $12 billion, giving it more ways to service its insurance clients

Melinda French Gates is offering to match up to $1 million in gifts to two nonprofit organizations to help spur donations on GivingTuesday

Subscribe to enjoy similar stories. Pat Gelsinger’s quest to save Intel has come to an abrupt end. Whoever runs the storied chip maker next is still going to have to pull off a heroic feat.

PNB Housing Finance aims to expand its loan book size to Rs 5,000 crore by the end of the current financial year. The mortgage lender closed the loan book under the affordable segment called 'Roshini' at Rs 3,000 crore at the end of the second quarter of FY'25. «We hope to expand our loan look under the affordable housing segment to Rs 5,000 crore by this year-end to touch Rs 15,000 crore by March 2027,» PNB Housing Finance MD and CEO Girish Kousgi told reporters here. The loan growth will be helped by implementation of Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY 2) and branch expansion.

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C.E. Info Systems, which operates digital map maker MapmyIndia, have plunged over 14% in just two sessions hitting a 52-week low of Rs 1,534 on Tuesday after company's CEO and Executive Director Rohan Verma informed exchanges about his plans to float a new B2C company and pick up 10% stake in it. Verma will relinquish all executive responsibilities in the company and continue to be on the MapmyIndia board as a non-executive Director with effect from April 1, 2025, a company filing to the exchanges said.

Subscribe to enjoy similar stories. Quant Mutual Fund confirmed it has appointed a new chief executive in an effort to decouple the CEO and CIO (chief investment officer) functions currently held by founder Sandeep Tandon. The new chief executive, who is set to join in April 2025, is a mutual fund industry outsider – from a global financial conglomerate – according to a source.

Subscribe to enjoy similar stories. A ruthless focus on efficiency made Carlos Tavares a giant of the automotive industry. It was also his undoing at Stellantis.

Shadowfax Technologies, a provider of e-commerce express parcels and value-added services (VAS), has announced that it has become profitable in both Adjusted PAT and EBITDA for the financial year, with revenue growing 33% year-on-year, from Rs 1,415.1 crore in FY23 to Rs 1,884.8 crore in FY24. EBITDA improved significantly, shifting from a loss of Rs 113.5 crore in FY23 to a profit of Rs 11.4 crore in FY24, while Adjusted PAT moved from a loss of Rs 123.8 crore to a profit of Rs 2 crore. Shadowfax has further diversified its revenue streams, with the majority share now coming from value-added services (VAS). These services include Prime solutions (Same Day and Next Day delivery), Reverse Logistics, Hand-to-Hand Exchange, and the rapidly expanding Quick Commerce (10-minute delivery). Over the past few years, Shadowfax has accelerated its investments in the middle-mile network, exceeding Rs 200 crore to automate its 40 sort centers, which now span over 1 million square feet. On the technology front, key innovations such as Shadowfax Maps for enhanced delivery accuracy and Shadowfax Shield for fraud detection have significantly boosted operational efficiency, driving this financial success.

Ambuja Cements shares will be in focus on Tuesday after the company announced a partnership with Finland-based technology and engineering firm Coolbrook. The partnership aligns with the company's goal of leveraging zero-carbon heating technology to decarbonize its cement manufacturing process.

Artificial intelligence is changing the way industries do business

Struggling chipmaker Intel says in a surprise announcement that CEO Pat Gelsinger has retired

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana

TORONTO — The Healthcare of Ontario Pension Plan (HOOPP) has named Annesley Wallace as its new president and chief executive, effective April 1.

Bryan Johnson, known for his unconventional approaches to promoting health awareness, has sparked discussions on social media with his latest campaign. Johnson is on a trip to India. Ahead of his scheduled India tour, Johnson used a Bollywood song from the 1994 film Andaaz to underscore the importance of sexual health and its link to overall wellness.

OpenAI CEO Sam Altman on Sunday expressed confidence that US President-elect Donald Trump's administration would support the artificial intelligence sector to ensure the United States and its allies continue to lead it. Speaking to conservative US broadcaster Fox News on Sunday, Altman said AI technology needed massive infrastructure support and that he believed Trump would be good at providing it. «We need to build that here and we need to be able to have the best AI infrastructure in the world to be able to lead with the technology and the capabilities,» he said.

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot