business

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection. Notably, bets on companies using more of its office-sharing space soured. The move represents an admission by SoftBank, the Japanese technology group that owns about 60% of WeWork and has invested billions of dollars in its turnaround, that the company cannot survive unless it renegotiates its pricey… read-more

Tata Motors gets arbitral award of ₹766 crore plus interest to compensate for its investment in the now scrapped Singur plant. On October30, a three-member Arbitral Tribunal gave a unanimous award in favour of Tata Motors to be compensated for its investment in the now-scrapped in West Bengal. "In respect of the arbitration proceedings between Tata Motors Limited (TML) and West Bengal Industrial Development Corporation Limited (WBIDC)," read… read-more

Elon Musk is celebrating one year of Twitter takeover with $44 billion-deal, and aims to make it all app, including the financial hub. As per sources, on October 26, Musk and X CEO Linda Yaccarino held X's first all-hand meeting and discussed major aspects of rebranding, including the vision of making the platform a space for users for finances. Musk also asked X employees to replace X with bank accounts.

Big tech giant, Apple is in race to compete Google, Microsoft, and Meta are currently leading the charge, continuously unveiling new AI features. Apple is planning to make a change and take a leap is not far off. According to reports, the Cupertino-based tech company is planning to expand its portfolio of generative AI technology, soon introducing AI-related features for iPhones, Macs, and various services, including the voice assistant Siri… read-more

The constant job layoffs have been a concern, especially in the IT sector. In the last week, many people were laid off, in companies like Tata Consultancy(6333,) Infosys(7250,) and HCL(2299). As per reports in the next six months, many more jobs will be cut off & new graduates will face employment difficulties.  Considering the situation of huge companies, start-ups are going to work hard to thrive, with no media attention.