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As chief executive of Wells Fargo, Timothy J. Sloan failed to clean up a string of scandals that shook the bank and abruptly stepped down amid widespread criticism more than four years ago. He now says Wells Fargo owes him at least $34 million in back pay. Mr. Sloan sued Wells Fargo on Friday, saying…
NEW DELHI: IT company Tech Mahindra Group firm Comviva has been penalised Rs 1 lakh for the delay in transferring unspent corporate social responsibility obligation to the Prime Minister’s National Relief Fund, as per a regulatory filing. The Ministry of Corporate Affairs’ Regional Director for the Northern Region has ruled against an appeal filed by…
The Academy Award-winning actress Susan Sarandon apologized Friday for saying at a pro-Palestinian rally last month that people feeling afraid of being Jewish right now were “getting a taste of what it feels like to be a Muslim in this country, so often subjected to violence.” The remarks drew widespread criticism and soon afterward her…
The share of personal loans in bank credit has successively increased to over 30 per cent from 22 per cent share five years ago. (Representative image) Bank lending to the private corporate sector grew 14.9 per cent in September 2023 from 14.7 per cent a year ago, according to the Reserve Bank data released Friday….
Sopa Images | Lightrocket | Getty Images Pfizer’s twice-daily version of its experimental weight loss pill has now joined a long list of other scrapped drugs that aimed to treat obesity but came with unintended consequences. The drugmaker on Friday said it will stop developing the twice-daily treatment, danuglipron, after obese patients taking the drug…
DUBAI: Exxon Mobil CEO Darren Woods on Saturday rejected the International Energy Agency‘s recent claim that using wide-scale carbon capture to fight climate change was an implausible “illusion”, saying the same could be said about electric vehicles and solar energy. “There is no solution set out there today that is at the scale to solve…
India imports a large quantity of gold and rising global prices have a direct impact on the domestic market. Gold prices have been rising in the global market as the dollar has continued to depreciate against a basket of major currencies and is currently close to a three-month low which makes gold cheaper to buy…
Comment on this storyComment Add to your saved stories Save Some of Elon Musk’s biggest business clients are rethinking their relationship with his tech empire amid a fresh spurt of controversial behavior. Now, so is Congress. Since Musk parroted antisemitic tropes and boosted a debunked conspiracy theory about child sex trafficking, some lawmakers are calling…
Curated By: Business Desk Last Updated: December 02, 2023, 16:25 IST Sam Altman has been re-appointed as the CEO at OpenAI. AI can perform tasks that are typically associated with human intellectual processes, such as reasoning. OpenAI is one company that has been actively using AI for technological developments. Artificial Intelligence (AI) is steadily making…
Gold rates continued to increase in Pakistan as the yellow metal advanced in the international market. On Saturday, gold was priced at Rs223,600 per tola in the local market after a single-day gain of Rs3,100. The 10-gram gold was sold at Rs191,701 after an increase of Rs2,658, according to rates shared by the All Pakistan…