On July 23, 2024, Federal Bank's shares surged by 5.5%, reaching an unprecedented peak following the Reserve Bank of India's (RBI) approval of KVS Manian as the new CEO. This decision alleviated concerns regarding the bank's leadership succession. Having departed from Kotak Mahindra Bank in April after nearly thirty years,...

OpenAI CEO and billionaire Sam Altman has initiated legal action against the San Francisco developer responsible for the $27 million Lombard Street home he purchased in 2020, citing severe construction flaws. The lawsuit, filed on June 12 in San Francisco Superior Court on behalf of 950 Lombard LLC, claims that...

Every day, about 168,054 people around the world die from many reasons, including natural diseases, accidents, violence, and disasters that aren’t expected. These numbers can vary significantly among countries, influenced by healthcare access, social stability, technological development, and the overall economic situation. It’s noteworthy that the most populated countries, China...

Yin and yang, a concept originating in Chinese philosophy, depicts opposing forces while recognizing that they are complementary. They form a dynamic system in which the whole is greater than the assembled parts, as the parts are important for the cohesion of the whole (Georges Ohsawa, 1976).  Lesson 1  During the...

Mark Litwin is a leader in Toronto's private equity landscape, where he holds the role of President at Marrisa Holdings Inc. With more than three decades of expertise in the field, Litwin has developed a specialization in the real estate and healthcare sectors. His strategic guidance has been crucial for...

Marketing Director of the SEVEN PIECES brand, a leading expert on integrated marketing communications and developer of apple bio-leather, talks about the prospects of using bio-leather in light and heavy industry. According to the Sustainable Apparel Coalition, natural leather's negative impact on the ecology far outweighs that of bio-leather. Therefore,...

Allegiant Travel Company announced on Thursday that Gregory C. Anderson, currently the president, will assume the role of CEO in September, succeeding the long-serving Maurice Gallagher. Gallagher, who has been a pivotal figure in the company’s growth, will continue to serve as the chairman of the board. The Las Vegas-based...

A recent study conducted by the Swiss Institute for Economic Research (KOF) has unveiled striking disparities in the origins of wealth among Switzerland's richest individuals. According to the study, a mere 8% of the 300 wealthiest Swiss citizens accumulated their fortunes through their own efforts. In stark contrast, 80% of...

Artificial intelligence (AI) is set to significantly enhance economic growth in the US and other advanced economies more than in China and emerging markets, according to a study by Capital Economics. This development is expected to heighten global competition between Washington and Beijing. The study ranks countries based on their...