US Regulators Launch Antitrust Probe into Tech Giants Microsoft, OpenAI, and Nvidia Over AI Industry Dominance
Microsoft, OpenAI, and Nvidia are facing increased antitrust scrutiny from US regulators over their roles in the AI industry.
TSMC Unanimously Appoints Dr. C.C. Wei as CEO & Chairman
TSMC conducted the first meeting of the 16th Board of Directors, where Dr. C.C. Wei was unanimously elected as Chairman and Chief Executive Officer (CEO).
HUL Appoints Arun Neelakantan as Executive Director – Customer Development
The Board of Directors of Hindustan Unilever Limited (HUL) has approved the appointment of Arun Neelakantan, presently Chief Digital Officer, as Executive Director, Customer Development, with effect from July 1, 2024, in succession to Kedar Lele.
Sameer Bansal Appointed MD & CEO of PNB MetLife
PNB MetLife India Insurance Company Limited announced on June 6 that Sameer Bansal has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) with effect from July 1, 2024.
Pritish Nandy Communications’ Company Secretary Santosh Gharat Resigns
Santosh Gharat resigned from the post of Company Secretary and Compliance Officer of Pritish Nandy Communications Limited on May 7, 2024, to pursue an alternate career opportunity outside the organisation.
SBI expects to have 7.5% of domestic loans in the green sector by 2030
The State Bank of India (SBI), the country's largest lender, plans to provide at least 7.5% of its domestic loans to the green energy sector by 2030 as part of its effort to make India carbon neutral.
SEBI Warning to ICICI Bank on I-Sec Investor Outreach
The capital market regulator, the Securities and Exchange Board of India (SEBI), has criticised ICICI Bank’s ‘outreach programme’ related to the delisting of ICICI Securities (I-Sec).
RBI penalties have increased by 88% in three years; KYC and AML top the list
Over the past three years, penalties imposed by the Reserve Bank of India (RBI) on financial institutions have surged by 88%, with Know Your Customer (KYC) and Anti-Money Laundering (AML) violations being the most common.
Blue Dart Express Appoints Vandana Aggarwal as Independent Director
On June 6, 2024 the Board of Directors of Blue Dart Express Limited appointed Dr. Vandana Aggarwal as an Independent Director for a period of five years with effect from July 23, 2024.
Eli Lilly’s Anat Ashkenazi to be new CFO of Google and Alphabet
Anat Ashkenazi will be the new CFO and SVP of Google and Alphabet, effective July 31. Ruth Porat, the long-serving CFO, will remain with the company however she will assume a new role as the President and Chief Investment Officer of Alphabet and Google announced in July 2023.
