APPLE LEADERSHIP SHAKEUP
'Can’t imagine life without Apple': CEO Tim Cook shuts down retirement rumours
Apple CEO Tim Cook has clarified he is not retiring, expressing deep love for his role. This comes as the company faces leadership shifts and prepares for significant product launches. Analysts suggest a potential transition for Apple's leadership. Behind the scenes, Apple is reportedly grooming new leaders for future roles.
PB Fintech's Q3 profit jumps; Budget's tech infra push
PB Fintech reported sharp growth in profits and revenue for the October-December quarter. This and more in today's ETtech Top 5.
Tata's iPhone ambitions; Pronto eyes fresh fuel
Tata Electronics is building itself up to be the biggest iPhone producer in India. This and more in today’s ETtech Top 5.
Who is Todd Combs? Geico CEO leaves for JPMorgan, sparking buzz: Is Berkshire Hathaway ready for life after Buffett?
Todd Combs: Berkshire Hathaway sees major leadership shifts. Todd Combs, investment manager and Geico CEO, is leaving for JPMorgan Chase. Nancy Pierce takes over as Geico CEO. Marc Hamburg, CFO, will retire in 2027. Greg Abel is preparing to assume the CEO role in January. These changes signal Berkshire's evolution as Warren Buffett prepares to step aside.
Apple rocked by executive departures, with chip chief at risk of leaving next
In just the past week, Apple’s heads of artificial intelligence and interface design stepped down. Then the company announced that its general counsel and head of governmental affairs were leaving as well. All four executives have reported directly to chief executive officer Tim Cook, marking an exceptional level of turnover in Apple’s C-suite.
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Trump doubles down, announces massive construction project as critics fume over ballroom takedown
President Donald Trump is emphasizing fresh renovations at the Kennedy Center while experiencing backlash for his $300 million, 90,000-square-foot ballroom initiative at the White House. Although promising not to “interfere” with the past structure, Trump cites that the project is privately financed by donors and companies such as Amazon, Apple, and Google.
Apple Reboot: Eddy Cue to lead health, Craig Federighi to helm watchOS as COO Jeff Williams set to exit soon
Apple is undergoing a significant executive reshuffle as COO Jeff Williams prepares to retire in 2025. Services chief Eddy Cue will now lead health and fitness, while software head Craig Federighi adds watchOS to his portfolio. Hardware lead John Ternus gains full control of Apple Watch engineering, positioning him as a potential successor to CEO Tim Cook.
Siri 2.0 coming soon? Apple’s secret ChatGPT-style app built to test new features before launch
Apple Siri upgrade: Apple is internally testing a ChatGPT-style app, 'Veritas', to prepare for a major Siri upgrade, now expected as early as March next year after technical delays. The company aims for a revamped Siri to handle complex tasks, exploring partnerships with AI leaders like Google, as CEO Tim Cook stresses the importance of winning in AI.
Urban Company IPO booked 104x; Indian investors chase Apple
Urban Company’s Rs 1,900-crore IPO closed on Friday with robust investor demand. This and more in today’s ETtech Top 5.
US stock market: Dow, S&P 500, Nasdaq rebound after days of downturn on weak jobs data as Fed rate cut bets grow
US stocks bounced back on Thursday as the Dow, S&P 500, and Nasdaq rebounded after days of losses, lifted by weaker-than-expected jobs data that fueled fresh hopes for a Federal Reserve rate cut in September. The move came as investors also tracked Salesforce’s steep drop, American Eagle’s surprise rally, and Stephen Miran’s Fed confirmation hearing, keeping both Wall Street and Washington in sharp focus.
Apple’s radical iPhone roadmap: Ultra-thin Air in 2025, foldable in 2026, and all-glass design for 2027
Apple is preparing its biggest iPhone revolution yet, with three straight years of dramatic redesigns. Expect the ultra-thin iPhone 17 Air in 2025, the first foldable iPhone in 2026, and an all-glass 20th anniversary edition in 2027. Plus, Apple is developing faster Vision Pro headsets, smart glasses, and even a robotic device.
TCS layoffs: MeitY takes note; IT union pings labour minister
The union government is taking an interest in the TCS layoffs that spooked employees and investors. This and more in today's ETtech Top 5.
Udaan buys ShopKirana; Paytm Money’s new CEO
B2B platform Udaan has acquired retail tech startup ShopKirana. This and more in today’s ETtech Top 5.
Shopify beats earnings forecast but warns of slower growth amid Trump tariffs and trade policy shifts
Shopify topped first-quarter earnings and revenue expectations but issued cautious guidance, citing uncertainty around Trump-era tariffs and changing trade policy. Despite macroeconomic pressures, the Canadian e-commerce firm remains confident, pointing to its high-income customer base and minimal exposure to Chinese imports. Shares dipped 5 per cent following the announcement
Apple CEO Tim Cook’s other job: Helping Nike turn things around
Tim Cook, Apple’s CEO and Nike board member, has played a crucial advisory role in Nike’s leadership transitions and strategic decisions. He supported the company through challenges, including sales declines and leadership changes, helping secure Elliott Hill as Nike’s new CEO.
Vietnam’s relationship with big tech is at a crossroads
Vietnam's role as a manufacturing hub is straining due to infrastructure and labor force limitations amid growing foreign investment.
Lee Kun-hee, who made S.Korea's Samsung a global powerhouse, dies at 78
Lee, who was 78, helped grow his father Lee Byung-chull's noodle trading business into South Korea's biggest conglomerate. His death came more than six years after he was hospitalised for heart attack.
India's potential is finally turning into results: Vishal Wanchoo, CEO, GE South Asia
GE was the pioneer of India’s back-office story. But it has fallen off the pedestal in the digital era.
Equities have outperformed all asset classes over five-10-year period: Manish Chokhani, Flame University
“The next countertrend can be found in consumer discretionaries or even IT or PSUs”
In next 10 years, India will be the world's best opportunity: Masayoshi Son, Softbank
'He (Steve Jobs) told me that Softbank logo is ugly and I must changed it, if I wanted to do business with him. I changed the logo (current logo) which he liked.'
Exxon Mobil surpasses Apple as world's most valuable company
Apple's market cap plummeted below $420 billion today after a disappointing earnings report earlier in the week.
Research In Motion rejigs top deck, appoints Thorsten Heins as CEO
Research In Motion Ltd. shook up its top management, replacing co-chief executive officers Jim Balsillie and Mike Lazaridis.
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