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Business News/ Companies / Companies News Today highlights on December 5, 2024: Intel appoints semiconductor veterans Eric Meurice and Steve Sanghi to its board after ousting CEO Pat Gelsinger
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Companies News Today highlights on December 5, 2024: Intel appoints semiconductor veterans Eric Meurice and Steve Sanghi to its board after ousting CEO Pat Gelsinger

18 min read . Updated: 05 Dec 2024, 10:16 PM IST
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Companies News Today highlights on December 5, 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 appoints semiconductor veterans Eric Meurice and Steve Sanghi to its board after ousting CEO Pat Gelsinger (AP)Premium
Companies News Today Live Updates: Intel appoints semiconductor veterans Eric Meurice and Steve Sanghi to its board after ousting CEO Pat Gelsinger (AP)

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.

05 Dec 2024, 10:16:28 PM IST

Company Business News Today Live: Intel appoints semiconductor veterans Eric Meurice and Steve Sanghi to its board after ousting CEO Pat Gelsinger

  • INTEL-BOARD:Intel names two chip industry veterans to its board amid CEO search
Read the full story here

05 Dec 2024, 08:06:57 PM IST

Top Company Leader Today Live: Nykaa Fashion CEO Nihir Parikh resigns with immediate effect

  • Nykaa Fashion CEO Nihir Parikh resigns with immediate effect
Read the full story here

05 Dec 2024, 07:58:37 PM IST

Company Business News Today Live: PMI Electro to supply 250 electric buses to Mumbai municipality

  • The buses will be operated under the Gross Cost Contract model, where the manufacturer owns the buses, and the transport undertaking bears the cost of operations.
Read the full story here

05 Dec 2024, 07:25:39 PM IST

Company News Today Live: CAG report flags lapses in Hindustan Copper operations, highlights revenue loss

  • The report also slammed the company's decision to award a ₹1,176.12 crore contract for underground mine development at Malanjkhand, Madhya Pradesh, to a blacklisted contractor, resulting in significant cost escalations.
Read the full story here

05 Dec 2024, 07:21:12 PM IST

Top Company Leader Today Live: Ratan Tata's trusted manager Shantanu Naidu's project ‘Bookies’ launching in Jaipur. Here's what it is about

  • Shantanu Naidu, assistant to Ratan Tata, launched Bookies, a reading initiative starting in Mumbai and expanding to Jaipur, Pune, and Bengaluru. The project encourages community reading to combat distractions from mobile phones and foster a reading habit.
Read the full story here

05 Dec 2024, 06:57:45 PM IST

Company News Today Live: Myntra joins the quick commerce race with 30-minute fashion delivery

  • Myntra has created microhubs to accommodate 10,000 styles and is in the process of expanding to almost 1 lakh selections from the offline store network, CEO Nandita Sinha said
Read the full story here

05 Dec 2024, 06:16:58 PM IST

Company News Today Live: AET Displays to build manufacturing unit in India; exports to Middle East, Thailand & USA eyed, says CEO

  • AET Displays has completed 50 per cent of its planned ₹200 crore investment in India’s LED screen market, with CEO Su Piow Ko confirming an additional ₹150 crore allocation over the next three years.
Read the full story here

05 Dec 2024, 06:02:35 PM IST

Company News Today Live: Robinhood’s hot new tech bet: The desktop computer

  • The upstart online brokerage is aiming to be the top destination for serious traders who prefer to click around on their big screens.
Read the full story here

05 Dec 2024, 05:39:50 PM IST

Company Business News Today Live: AI will make THESE jobs redundant in next few years, says Zerodha CTO Kailash Nadh

  • Zerodha CTO Kailash Nadh predicted that entry-level jobs in India, particularly in programming and corporate writing, may become redundant due to AI. He advised students to focus on personal projects and hands-on experience instead of following AI course trends.
Read the full story here

05 Dec 2024, 05:12:39 PM IST

Top Company Leader Today Live: 'I'll do it until the voice in my head says…' Tim Cook on stepping down as Apple CEO

  • Tim Cook, Apple’s CEO since 2011, says he will remain in his role until he feels it's time to depart. In an interview, he shared his deep attachment to the company.
Read the full story here

05 Dec 2024, 04:59:48 PM IST

Company News Today Live: CARS24 plans to hire over 500 employees across divisions this quarter

  • The company announced that it would be hiring for both tech-related and non-tech related employees and that it had openings across various divisions
Read the full story here

05 Dec 2024, 04:44:02 PM IST

Company Business News Today Live: High inflation likely to keep consumer demand muted in 2025: Kantar report

  • The urban middle class, once the cornerstone of the consumer goods market, has become the smallest cohort. Real incomes have been under pressure, leading to stagnating consumer confidence. Consumption in the urban areas has slowed more sharply than in rural regions, Kantar said.
Read the full story here

05 Dec 2024, 04:15:56 PM IST

Top Company Leader Today Live: Zerodha's CTO Kailash Nadh: Cannot sacrifice right decision in name of automation and efficiency

  • Speaking about Artificial Intelligence, Zerodha's CTO, Kailash Nadh, said that relying on AI to make high-impact decisions isn’t a good idea yet.
Read the full story here

05 Dec 2024, 01:27:58 PM IST

Company Business News Today Live: Quadria Capital to invest half of its India capital in climate-related healthcare solutions

  • Quadria Capital said in a report that there is a $3 billion annual investment opportunity in adaptation-focused businesses, emphasising the urgency for targeted investments to mitigate health risks linked to climate change.
Read the full story here

05 Dec 2024, 12:15:09 PM IST

Company News Today Live: Swiggy plans fee hike for Instamart, eyes higher take rate from grocery delivery business

  • Swiggy's CFO Rahul Bothra told reporters that it plans to increase fees for its grocery delivery service, Instamart, with the aim of increasing its potential take rates from the business from 15% to 20-22%.
Read the full story here

05 Dec 2024, 11:18:42 AM IST

Company News Today Live: ICICI banks shares down ₹5 after Maharashtra GST officials search three offices, bank says ‘cooperating…’

  • GST authorities search three offices of ICICI Bank, bank says cooperating and providing data as requested
Read the full story here

05 Dec 2024, 10:51:12 AM IST

Company Business News Today Live: OpenAI enters Silicon Valley’s hot new business: War

  • The artificial-intelligence company behind ChatGPT has agreed to put its powerful tech in Anduril Industries’ drone defense systems.
Read the full story here

05 Dec 2024, 10:39:30 AM IST

Top Company Leader Today Live: Murder at dawn: A top executive’s final moments in Manhattan

  • UnitedHealthcare CEO Brian Thompson was killed Wednesday in what police say was a targeted attack.
Read the full story here

05 Dec 2024, 10:11:16 AM IST

Company News Today Live: Citigroup launches AI tools for 1,40,000 employees in 8 countries, tech head says ‘like having a super-smart coworker…’

  • Citigroup has launched new AI tools, Citi Assist and Citi Stylus, for 140,000 employees across eight countries. The rollout begins this month with gradual expansion to other markets.
Read the full story here

05 Dec 2024, 06:00:24 AM IST

Start-ups Today Live: Former Peak XV employee Shweta Kohli launches policy forum for startups

  • The forum includes prominent startups such as Razorpay, Cred, Pine Labs, Groww, Acko, Oyo, Swiggy, Practo, Dream11, Cars24, Cardekho, CureFoods, Livspace, Ixigo, Mobikwik, Jupiter, OneCard and Bluestone among its members.
Read the full story here

05 Dec 2024, 05:30:21 AM IST

Company Business News Today Live: GIC to acquire larger stake in Asia Healthcare Holdings from majority owner TPG

  • TPG Growth is divesting a portion of its stake in AHH to provide liquidity to its limited partners ahead of the company’s potential IPO in the next two years, sources told Mint.
Read the full story here

05 Dec 2024, 05:30:20 AM IST

Company Business News Today Live: Kuwait Petroleum explores storing crude in Indian strategic reserves

  • India’s plan to augment strategic reserves is aimed at ensuring energy security during geopolitical tensions which tend to disrupt supplies and drive up prices, as seen in 2022 during the peak of Russia’s war in Ukraine.
Read the full story here

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