Latest Company News Today on September 25, 2024: Live Updates
In a surprising turn of events, Google has reportedly paid a whopping $2.7 billion to bring back an AI genius, Noam Shazeer, who had previously quit in frustration. This move has sparked a debate on whether tech companies are overspending on AI, drawing attention to Google’s decision to invest heavily in talent acquisition.
On another note, in a recent development, Deepak Gupta, a former BharatPe executive and relative of Ashneer Grover, has been sent to judicial custody for five days in a fraud case involving misappropriation of funds. This incident sheds light on the challenges faced by companies in maintaining transparency and accountability in their operations.
Meanwhile, Jagatjit Industries is gearing up to launch brandy and single malt whisky by early 2025, following a successful fund raise of ₹300 crore. This strategic move by the maker of Aristocrat Premium whisky highlights the company’s commitment to expanding its product portfolio and capturing new market opportunities.
In the financial sector, SpiceJet’s recent ₹3,000-crore investor lifeline has raised concerns among market analysts, who caution against potential risks associated with the airline’s future prospects. With the market divided on the impact of this investment, stakeholders are closely monitoring the airline’s performance in the coming months.
Additionally, Goldman Sachs has predicted sustained economic growth for India, recommending ‘buy’ on select stocks based on positive outlook for corporate earnings. The report indicates a trend of robust profit growth in the country, signaling potential opportunities for investors in the market.
In the world of trading, Zerodha has reported a significant revenue increase, reaching ₹8,320 crore in FY24 with a profit of ₹4,700 crore. CEO Nithin Kamath attributes this success to the platform’s customer-centric approach and long-term strategic decisions, emphasizing the importance of sustainable growth over short-term gains.
Lastly, Starbucks’ new CEO Brian Niccol has pledged ‘good faith’ engagement with the Workers United union as contract talks continue. This commitment to fostering positive labor relations reflects the company’s dedication to maintaining a harmonious work environment amidst ongoing negotiations.
Overall, these latest updates from the corporate world highlight the dynamic nature of business operations and the strategic decisions companies are making to navigate challenges and seize opportunities in a rapidly evolving market landscape.
