Business

1.Apple reaffirms commitment to diversity and inclusion initiatives. 2.Proposal to curtail diversity programs faces internal and external opposition 3.Critics argue diversity programs are essential for innovation and equity. Apple’s board of directors has urged shareholders to vote against a proposal seeking to reduce funding for the company’s diversity and inclusion programs. The recommendation underscores Apple’s ongoing commitment to fostering an inclusive workplace culture that values diverse perspectives. The proposal, which will be reviewed at Apple’s annual shareholder meeting, has sparked controversy, with advocates emphasizing the critical role of such programs…

Startups in India secured $398.4 million in funding during the week ending January 10, 2025, marking a threefold increase from the same week last year. This significant rise underscores the increasing confidence investors have in emerging companies, even amid ongoing economic challenges. The funding influx was driven by a combination of venture capital, private equity, and angel investments, particularly in the technology, fintech, and healthcare sectors. Analysts believe that this surge in funding indicates a rebound from the slowdowns experienced during the pandemic and a growing interest in innovation-focused investments….

Apple Inc. has announced an 18% increase in CEO Tim Cook’s compensation, raising his total pay for fiscal year 2024 to $125 million. This increase comes as the company reports strong financial performance, with record revenues and successful product launches under Cook’s leadership. His compensation package consists of a base salary, performance bonuses, and stock awards linked to Apple’s growth and innovation in areas like AI and sustainability. In addition to the pay raise, Apple has firmly opposed a shareholder proposal that sought to eliminate the company’s diversity, equity, and…

Ola Electric has been on the radar of the Indian Government and regulatory bodies and it seems like this won’t be ending anytime soon. This is due to the fact that OLA Electric is one of the biggest Electric Vehicle Manufacturers in India. Authorities require detailed information about safety standards followed by them as well as compliance to local laws and guidelines. There have been several complaints regarding the safety of the ola electric scooters, the reliability of the vehicle itself. These complaints have raised several flags and have led…

Tesla CEO Elon Musk has donated 268,000 Tesla shares, valued at approximately $60 million, in a year-end charitable contribution. The filing, disclosed to the U.S. Securities and Exchange Commission, highlights Musk’s philanthropic efforts and may also reflect strategic tax planning. This significant donation follows Musk’s history of large-scale charitable giving. In 2023, he donated $1.9 billion worth of Tesla shares to undisclosed charities, signalling a continued commitment to supporting global causes. Focus on Philanthropy: While the recipient organization(s) of the latest donation remain undisclosed, Musk’s past contributions have supported education,…

Apple has announced its financial results for the third quarter of 2024, posting a record-breaking revenue of $123.9 billion, a 12% increase year-over-year. The remarkable performance was fueled by robust sales of iPhones and a surge in the company’s services sector, including subscriptions to Apple Music, iCloud, and the App Store. Highlights of Apple’s Q3 2024 Performance: iPhone Sales Dominate: The iPhone 15 series continued to be a top seller globally, contributing significantly to the company’s revenue. Services Revenue Surge: Apple’s services division, which includes Apple Pay, Apple TV+, and…