New OpenAI CEO to probe Sam Altman firing
LONDON: The new head of OpenAI said Monday that he would launch an investigation into the firing of co-founder Sam Altman and work to reform the company’s management, following a corporate shakeup that shocked the artificial intelligence world.The developments come…
Anne Richards steps down as Fidelity International CEO
Asset manager Fidelity International announced on Monday that Anne Richards has stepped down as chief executive officer after five years and will become vice chair at the company. Richards, who has more than 30 years of experience in asset management,…
Uttar Pradesh (India) Tourism – Interview with Prateek Hira, President & CEO of Tornos
Dark/Light Mode (16/11/23) India had a very large presence at this year’s World Travel Market (WTM) in London, with Incredible India taking one large stand for delegates from around the country to share, and some individual states deciding to create…
IHG Signs Two Luxury Hotels in Chiang Rai, Thailand
Dark/Light Mode (16/11/23) Asset World Corp (AWC), one of Thailand’s leading real estate groups, has extended its long-standing partnership with IHG by signing an agreement for two luxury hotels in Chiang Rai, northern Thailand. Scheduled to open in 2025, InterContinental…
Kering takes two major Paris properties off market
Five months after attempting to sell large stakes in two major Paris properties in prime central real estate, luxury giant Kering has quietly taken them off the market. 235 Rue Saint Honoré – DR In an unexpected move, Kering put…
Toyota unit to pay $60 million for illegal lending, credit reporting misconduct
A US regulator on Monday ordered Toyota‘s US-based auto financing unit to pay $60 million in fines and restitution for operating an illegal scheme to prevent borrowers from canceling product bundles that increased their monthly car loan payments. The Consumer…
Beverly Hills Polo Club opens second Hyderabad store
US-based clothing brand Beverly Hills Polo Club has opened its second exclusive brand outlet in Hyderabad with its India retail partner Apparel Group India Private Limited. Along with bolstering the polo-inspired brand’s brick-and-mortar presence in Telangana, the new address also brings its…
Zubin Saxena to be Hilton’s new country head for India
NEW DELHI: Hospitality major Hilton has appointed former Radisson Hotel Group MD (south Asia) Zubin Saxena as its senior VP and country head, India. He will take over the position from Navjit Ahluwalia, who is leaving Hilton after six years.Saxena’s…
The India Craft House creates exclusive gifts for India G20 Summit
Fashion and handicrafts brand The India Craft House created an exclusive ‘sandook’ chest to be given as an official gift for the recent India G20 Summit. The Sheesham (Indian Rosewood) creation was designed to showcase India’s heritage crafts to global leaders including…
Xiaomi Q3 net income jumps on cost savings, revenue rises
BEIJING: Smartphone maker Xiaomi Corp posted a forecast-beating jump in third-quarter net income on Monday, while revenue also topped estimates as flat device shipments outperformed the wider market. The company’s sales for the period totalled 70.9 billion yuan ($9.83 billion),…