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Freshworks said on Wednesday that founder Girish Mathrubootham will step aside as the chief executive and will take on the role of executive chairman. Meanwhile, Dennis Woodside will take over as CEO of the CRM software maker. In a post on X, Mathrubootham said, «After spending almost 14 years since founding Freshworks as a tiny startup in Chennai, to scaling it to be a global Saas player and the first Indian Saas company to list on Nasdaq, I’m excited to announce that I’m stepping into a new role as Executive Chairman of Freshworks.»

media routing control," will require an app permission, allowing apps on the phone to determine where audio output is directed. This will enable the companion app on a smartwatch to take charge of managing the audio output. Essentially, the smartwatch will gain the ability to control where audio or video from other apps is played.

news publishers on Tuesday filed a lawsuit against software firm Microsoft and ChatGPT maker OpenAI for copyright infringement in training their generative artificial intelligence (GenAI) models using proprietary material. It comes months after The New York Times took the companies to court for similar reasons. ET explains the case and the trend globally. Who are the plaintiffs this time?

Trading in the stock market can be a complex and effort-intensive process that requires traders to consider numerous factors to achieve profitability. While some traders focus on making high-quality trades over a smaller quantity, others prefer to execute numerous orders quickly to capitalise on market opportunities. The latter approach often involves a technique known as automated trading, which allows for executing stock market orders at high speed and large volumes. This method aims to increase profits by leveraging higher trade volume and swift order execution.

artificial brain cells. A team comprising scientists from Utrecht University in the Netherlands and Sogang University in South Korea has developed artificial neurological junctions called synapses using a mix of water and salt. It is considered an important achievement paving the way for the development of advanced computers that mimic the performance of a human brain.

NEW DELHI : The storied Godrej group that took birth as a lock-maker 127 years ago is finally dividing its assets, as its descendants choose to split the businesses to align with their differing visions for the future. The third-generation siblings, Adi and Nadir, children of Burjor, late on Tuesday reached an agreement to separate from their cousins Jamshyd and Smita, children of Naval, a family statement said. Godrej & Boyce Mfg.

Adi Godrej and his brother Nadir keeping Godrej Industries that has five listed firms, while cousins Jamshyd and Smita getting unlisted Godrej & Boyce and its affiliates as well as a land bank, including prime property in Mumbai. The group has been split between two branches of the founding family, with Adi Godrej (82) and his brother Nadir (73) on one side and their cousins Jamshyd Godrej (75) and Smita Godrej Crishna (74) on the other, according to a statement issued by the group. Godrej Enterprises Group — comprising Godrej & Boyce and its affiliates that have a presence across multiple industries spanning aerospace and aviation to defence, furniture and IT software — will be controlled by Jamshyd Godrej as chairperson and managing director. His sister Smita's daughter Nyrika Holkar, 42, will be the executive director.

Stocks that are trading heavily or have substantial price changes on Tuesday: Eli Lilly, 3M rise; MicroStrategy, Chegg fall

Nintee, backed by investors such as Peak XV Partners and Cred founder Kunal Shah, has shut shop as of Tuesday, its founder Paras Chopra said. “Our original hypothesis was to use Al for helping people build better habits to transform their lives. This attracted a passionate niche, but we couldn't build conviction that it could be a VC-scale business,” Chopra said across announcements on X, LinkedIn, and the official website of Nintee.

MphasiS Ltd. gained 0.19 per cent to Rs 2347.75 at 12:53PM (IST) in Tuesday's trade. The counter has hit a high of Rs 2371.15 and low of Rs 2324.0 so far during the session. The stock had closed at Rs 2343.25 in the previous session. The counter has had a total traded volume of 10201 shares so far with a value of Rs 2.39 crore on the NSE. It traded at a price-to-earnings multiple of 26.98 and a price-to-book ratio of 5.13.

MUMBAI : Anant Goenka, heir to the $4.4 billion RPG Group, has a distinct personality from his father, Harsh Goenka, and grandfather, the late Rama Prasad Goenka. He has built himself a reputation as more of a consolidator for the RPG Group, a conglomerate that had grown through aggressive acquisitions. But the third-generation scion, after about a decade-and-half at the group, may finally be ready to change stripes.

Q4 results today: A total of 56 companies will announce their financial results for the fourth quarter of FY24 today, April 30. Also Read | Q4 results this week: 211 companies to declare earnings this week Anticipated forthcoming announcements are expected to cover various industries, shedding light on the broader economic landscape.

Shares of Tesla stock have rallied after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software

Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because details of all the criteria aren’t clear. Tesla did manage to clear two of the most important hurdles: reaching a mapping and navigation deal with Chinese tech giant Baidu Inc., and meeting requirements for how it handles data-security and privacy issues.

Big companies often get highlighted for the huge compensations that they offer and the perks one gets while working for them. Meta's average package is a whopping $379,000, according to a recent SEC filing. The company, which employs around 67,000 people, said that its median employee made over $379,000 in the year 2023. The average pay for a tech position falls between $35,000 to $120,000 depending on the role, but Meta's pay is significantly higher than that. However, giants like Google and Amazon offer packages that go well above $300,000 for similar positions.

MicroPets , is making headlines with its bold resurgence under the leadership of Jessus Zambrano , renowned Actor/Producer turned Crypto Savior. Rising from the ashes of previous failed ownership, MicroPets is poised to redefine the future of the crypto space.

KPIT Technologies, focused on automative and mobility software services, has reported a 47.2% year-on-year rise in net profit (attributable to shareholders) at Rs 164.4 crore for the fourth quarter ending March 2024. The Pune-headquartered firm’s profit a year ago stood at Rs 111.6 crore in Q4FY23 and at Rs 155.3 crore in the preceding quarter.

Tesla CEO Elon Musk's surprise visit to China has proven to be a strategic move yielding significant results. The Tesla boss has managed to get a key clearance from China that will be a big shot in the arm for the behemoth EV maker's efforts to resurrect declining sales and win trust in China where their own automakers such as BYD have threatened Tesla's dominance. Tesla's cars made in China passed key data security and privacy requirement in China, handing Musk a major win who visited Beijing to seek approval to introduce driver-assistance software. This is according to the China Association of Automobile Manufacturers. Before, some places in China banned Tesla cars because they were worried about how they collected data. Meanwhile, Reuters reported citing sources that Baidu, a prominent Chinese internet search company, has reportedly struck a deal with Tesla, allowing the car manufacturer access to its mapping license for gathering data on public roads in China.

BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company's China-made vehicles passed the country's data security requirements, the automaker said Sunday.

Musk posted a picture with Qiang and said, "We have known each other now for many years, since early Shanghai days." ALSO READ: Top News Today: Elon Musk's surprise China visit, AdaniConneX securing loans, PM Modi in Karnataka and more Chinese state media reported that the Tesla CEO met Premier Li Qiang in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation, Reuters reported. During his tour, Musk was expected to discuss the rollout of Full Self-Driving software and permission to transfer data overseas. The US electric vehicle maker rolled out Full Self-Driving, or FSD, the most autonomous version of its Autopilot software, four years ago.

The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road