Ratan N. Tata invests in start-up offering companionship to the elderly

Ratan N. Tata invests in start-up offering companionship to the elderly

Goodfellows, a young start-up that provides authentic meaningful companionship to seniors through young, educated graduates that are vetted intensely for empathy and emotional intelligence. Shantanu Naidu, General Manager in the office of Ratan N. Tata, said, “The start-up emphasises that companionship means different things to different people. To some, it may mean watching a movie, […]

Indian-born Laxman Narasimhan is new CEO of Starbucks

Indian-born Laxman Narasimhan is new CEO of Starbucks

Washington, Sep 2 (IANS) Global coffee chain Starbucks has named Indian-born Laxman Narasimhan its next CEO. Narasimhan, who currently heads health and hygiene company Reckitt, will join Starbucks in October and take over from its iconic interim CEO Howard Shultz in April. Narasimhan joins the growing ranks of Indian-descent CEOs heading leading US corporate giants such […]

HP completes $3.3 bn acquisition of hybrid work solutions provider Poly

HP completes $3.3 bn acquisition of hybrid work solutions provider Poly

San Francisco, Aug 29 (IANS) PC and printer major HP Inc on Monday announced the completion of its $3.3 billion acquisition of Poly, a leading global provider of workplace collaboration solutions. The deal is expected to accelerate HP’s strategy to create a more growth-oriented portfolio, further strengthen its industry opportunity in hybrid work solutions, and position […]

Meta crosses $1 bn annual revenue run rate for Reels ads

Meta crosses $1 bn annual revenue run rate for Reels ads

Meta has crossed $1 billion annual revenue run rate for ads on its TikTok rival short-video making platform Reels, and Reels now has a higher revenue run rate than Facebook/Instagram Stories at identical times post-launch, its Founder and CEO Mark Zuckerberg has revealed. Zuckerberg said that in the April-June period (Q2), “we saw a more […]

Twitter blames Elon Musk for $270 mn loss in Q2 results

Twitter blames Elon Musk for $270 mn loss in Q2 results

Twitter on Friday said it posted $270 million net loss in the second quarter (Q2), largely owing to uncertainty related to the pending acquisition by Tesla CEO Elon Musk that adversely hit its advertising business. Musk has terminated the $44 billion Twitter deal over the presence of bots on the platform and Twitter has sued […]

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