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Business News/ Companies / Companies News Today highlights on December 2, 2024: Intel CEO Gelsinger ousted as Board loses confidence in revamp strategy
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Companies News Today highlights on December 2, 2024: Intel CEO Gelsinger ousted as Board loses confidence in revamp strategy

18 min read . Updated: 02 Dec 2024, 11:34 PM IST
Livemint

Companies News Today highlights on December 2, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Companies News Today Live Updates: Intel CEO Gelsinger ousted as Board loses confidence in revamp strategyPremium
Companies News Today Live Updates: Intel CEO Gelsinger ousted as Board loses confidence in revamp strategy

Companies News Today highlights: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you're an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly changing business environment.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

02 Dec 2024, 11:34:01 PM IST

Company News Today Live: Intel CEO Gelsinger ousted as Board loses confidence in revamp strategy

  • Intel CEO Pat Gelsinger has resigned after less than four years in the role, following concerns from the board about the slow progress of his turnaround plan. The company has named two interim CEOs while searching for a permanent replacement.
Read the full story here

02 Dec 2024, 09:50:04 PM IST

Company News Today Live: Rosneft’ Nayara Energy plans expansion of retail fuel outlets, CNG business

  • Currently, the refining and oil-marketing company has a network of 6,500 outlets across Gujarat, Rajasthan, Maharashtra, Karnataka, Tamil Nadu, Kerala, Andhra Pradesh, Odisha and Telangana.
Read the full story here

02 Dec 2024, 09:27:54 PM IST

Company News Today Live: Puravankara eyes up to ₹2,000 cr capex, PE backing to become a ‘national player’

  • The Bengaluru-based developer is in advanced talks with private equity players to fund upcoming acquisitions in the residential and commercial space.
Read the full story here

02 Dec 2024, 07:03:56 PM IST

Company Business News Today Live: Why ATM solutions company CMS Info Systems is looking for a queen

  • Once upon a time, the parent of CMS Info Systems provided traffic management services. Today, the lion’s share of its revenue comes from cash management, a business that is under pressure from the rise in digital transactions. Read on to find out why cash is king for the company.
Read the full story here

02 Dec 2024, 06:14:38 PM IST

Company News Today Live: RBI lifts loan disbursal curbs on Sachin Bansal-led Navi Finserv

  • The Reserve Bank of India lifted the ban imposed on Sachin Bansal-led non-banking financial company (NBFC) Navi Finserv Limited on Monday.
Read the full story here

02 Dec 2024, 06:05:05 PM IST

Company Business News Today Live: Prosus CEO expects to unlock more value from Indian investments over the next year

  • The investment firm also reported a 26% rise in revenues to $3 billion for the six months ending September on Monday. Prosus’ Group CEO Fabricio Bloisi’s outlook comes a few weeks after Prosus’ portfolio company-Swiggy listed on the bourses at a $11.3 billion valuation.
Read the full story here

02 Dec 2024, 05:36:32 PM IST

Company News Today Live: Swiggy to take 10-minute food delivery to tier 2 and 3 cities

  • Food delivery platform Swiggy is expanding its express delivery Bolt business to tier 2 and 3 cities such as Roorkie, Guntur, Warangal, Patna, Jagtial, Solan, Nashik and Shillong. The company's shares closed higher in Monday's trading session.  
Read the full story here

02 Dec 2024, 05:01:59 PM IST

Company Business News Today Live: Byju's insolvency: Riju Raveendran approaches NCLT to seek inclusion in case

  • The NCLT bench in Bengaluru expressed reservations about accepting Riju Raveendran’s plea, stating that determining the source of funds lies within the jurisdiction of income tax authorities and the Enforcement Directorate
Read the full story here

02 Dec 2024, 04:49:55 PM IST

Start-ups Today Live: Mint Explainer: What led Info Edge to file an FIR against Rahul Yadav?

  • The FIR against Rahul Yadav marks a turning point in India’s startup ecosystem, underscoring growing intolerance for financial misconduct and setting a precedent for investor-founder accountability.
Read the full story here

02 Dec 2024, 02:50:01 PM IST

Company News Today Live: Delhi High Court restores Samsung’s plea against ₹1,213-crore tax demand

  • The Income Tax Appellate Tribunal had dismissed the company’s plea to stay a ₹1,213 crore tax demand for the assessment year 2021-22.
Read the full story here

02 Dec 2024, 01:19:44 PM IST

Company News Today Live: Musk’s rivals fear he will target them with his new power

  • OpenAI’s Sam Altman ranks high on the billionaire’s list of enemies; car companies and tech giants scramble for allies in the incoming Trump administration.
Read the full story here

02 Dec 2024, 12:50:44 PM IST

Company News Today Live: EverSource Capital's new $1-billion fund receives commitment from US DFC

  • With the new fund, EverSource is zeroing-in on energy storage as the next major opportunity, CEO Dhanpal Jhaveri told Mint.
Read the full story here

02 Dec 2024, 11:51:33 AM IST

Top Company Leader Today Live: Tesla’s Elon Musk came close to bankruptcy during his time at PayPal. Here's how he turned it into SpaceX triumph

  • In 2000, while Musk was CEO of X.com, the predecessor of PayPal, he was ousted during a trip to Australia with his then-wife, Justine. According to Isaacson, Peter Thiel, Max Levchin, Reid Hoffman, and David Dacks orchestrated the move to remove Musk.
Read the full story here

02 Dec 2024, 10:58:54 AM IST

Company Business News Today Live: Will the trouble ever end for Volkswagen and its rivals?

  • From strikes to Trump tariffs, calamities abound
Read the full story here

02 Dec 2024, 10:46:04 AM IST

Company News Today Live: Building Apple products has become a side hustle for China’s biggest EV maker

  • BYD has grown into a top iPad assembler and has put around 100,000 people to work for Tim Cook’s company.
Read the full story here

02 Dec 2024, 07:49:08 AM IST

Company News Today Live: Mumbai police registers Info Edge's FIR against Housing.com Ex ECO Rahul Yadav, others in 4B Network's funds

  • The conflict began in early 2023 when 4B Networks, led by Housing.com founder Rahul Yadav, failed to provide crucial financial information requested by Info Edge, which holds a 65 per cent stake in the company.
Read the full story here

02 Dec 2024, 06:00:07 AM IST

Company News Today Live: Bacardi India rides premium spirits surge with tequila, whiskey focus

  • In India, premium spirits are growing much ahead of the global average, a top Bacardi official said.
Read the full story here

02 Dec 2024, 06:00:04 AM IST

Company News Today Live: SpiceJet Insolvency Claims: Are Creditors Leveraging the IBC Forum for Settlements?

  • Mint’s research reveals that as of November 2024, 16 insolvency claims have been filed against the airline, primarily by lessors and some service vendors.
Read the full story here

02 Dec 2024, 05:30:26 AM IST

Company Business News Today Live: Breaking the “jinx” of confidential IPO filings: Swiggy’s Sriharsha Majety on running a newly listed company

  • Roughly two weeks after the company went public, Swiggy’s Majety spoke about the differences between running a public and private company, the impact of negative social media campaigns, and how Majety’s quieter personality is perceived among a bunch of more flamboyant founders.
Read the full story here

02 Dec 2024, 05:30:24 AM IST

Company News Today Live: Luxury sales soar as affluent Indians splurge

  • Louis Vuitton, Christian Dior and Hermes record a spike in sales and profits in India amid an overall slowdown in consumption.
Read the full story here

02 Dec 2024, 05:30:23 AM IST

Company News Today Live: Masters, PhDs in focus at IITs as recruiters chase AI talent

  • IITs will see a host of AI and high-frequency trading firms and the regular consultants and manufacturing companies recruit students with skills in cognitive science, data scientists, quantitative strategists and developers.
Read the full story here

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