Can Cult.fit Finally Turn a Profit? Inside Its Big Retail Bet
Cult.fit is betting big on physical retail to finally turn a profit. Here is what the move means and the…
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Category: Companies & Business
News on major companies, retail and consumer brands.
Tata Electronics Confirms Data Breach at Key Apple and Tesla Supplier
Tata Electronics, a big Indian factory that makes products for Apple and Tesla, says some of its data was stolen…
Meta Keystroke Data Leak: Staff Saw Colleagues’ Typing, Tracking Paused
A flaw let Meta employees access each other's keystroke data, exposing what colleagues typed. Meta paused its employee tracking program…
Polymarket Controversy: Did It Pay Creators for Fake Bets?
A report alleges Polymarket paid content creators to post deceptive videos showing fake bets and winnings. The company has responded…
Oracle Layoffs: 21,000 Jobs Cut as AI Push Reshapes the Company
Oracle is cutting about 21,000 jobs and plans to spend roughly $70 billion on AI cloud and data centres. Here…
Taiwan Chip Billionaires: How Two Brothers Got Rich on Screen Chips
Two brothers from Taiwan got rich from a tiny part inside screens: the display driver chip. Here is their Himax…
Instagram TV App Goes After Netflix and YouTube With Episodic Video
Instagram is adding longer videos, shows in parts, and live video to its TV app. The plan takes on Netflix,…
Lucid Motors Layoffs: New CEO Cuts 18% of Staff to Simplify the EV Maker
Lucid Motors is cutting about 18% of its staff (around 1,500 jobs). The new CEO wants to spend less, sell…
Persistent Systems AI Spending: Why It’s Betting on Cost Control
Indian IT firm Persistent Systems is keeping its costs low and its profits steady while big clients decide how much…
Onida Comeback: The ‘Devil’ Brand Bets on a New Run in India’s Appliances Market
Onida, the old Indian brand with the red 'Devil' mascot, is making a comeback. It has a new CEO, a…