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Business

Laurus Labs Faces USFDA Scrutiny: A Closer Look at the Recent Form 483 Observation

Laurus Labs' US subsidiary, Laurus Generics Inc, received a Form 483 with one observation from the USFDA following a detailed inspection. The company is committed to addressing the...

Business

Wendt's Q3 Financial Performance: A 14% Dip in Net Profit Raises Eyebrows

Wendt, part of the Murugappa group, faces a 14% drop in Q3 net profit to Rs 7.87 crore, with flat revenue and a sharper quarter-on-quarter decline. Profit before tax also decreased...

Business

Databricks Secures $10 Billion in Funding with Meta and Qatar Investment Authority Leading the Charge

Databricks raises $10 billion in equity financing with Meta and Qatar Investment Authority leading the investment, alongside securing a $5.25 billion credit facility, signaling str...

Business

OpenAI Introduces 'Operator': Revolutionizing Task Automation with ChatGPT

OpenAI is set to launch "Operator," a new ChatGPT feature automating tasks like reservations and travel planning, featuring real-time interaction and session continuity.

Business

Amazon Announces Closure of Quebec Operations, Impacting Nearly 2,000 Jobs

Amazon.com Inc is set to close its operations in Quebec, affecting 1,950 jobs across seven facilities. The company will provide severance packages and transitional benefits to impa...

Business

Air India Introduces Revolutionary AI-Powered Reservation System for Faster Booking

Air India introduces eZ Booking, an AI-driven feature that simplifies the reservation process for Maharaja Club members, allowing faster and more convenient flight bookings through...

Business

India Soars to New Heights with Record 161 Million Domestic Flyers in 2024

In 2024, India set a new record with 161 million domestic flyers, a 6% increase from the previous year. IndiGo led the market, and future projections suggest passenger numbers coul...

Business

GameStop Shuts Down Five Connecticut Stores Amid Declining Sales

GameStop Corp. has closed five stores in Connecticut due to declining sales in Q3 2024, as part of a broader strategy to optimize its store portfolio amidst challenging market cond...