Caravan Magazine

A journal of politics and culture

Business

Intel’s New Era: CEO Lip-Bu Tan Plans Bold Strategy for Revitalization

In his first public appearance as CEO of Intel, Lip-Bu Tan outlined a bold vision for the chipmaking giant, signaling a significant shift in strategy as the company works to regain its footing in an increasingly competitive semiconductor industry. Speaking…

The Lodha Brothers’ Trademark Tussle: A High-Stakes Family Feud in India’s Real Estate Realm

In a dramatic clash that has captivated India’s real estate industry, Macrotech Developers, a publicly listed giant, has locked horns with the up-and-coming House of Abhinandan Lodha (HoABL) over the coveted “Lodha” trademark. Macrotech, helmed by Abhishek Lodha, has slapped…

Tesla Accelerates into India: New Showroom Signals Bold Mumbai Entry in BKC

Elon Musk’s Electric Vision Takes Root in India’s Priciest Commercial Hub Mumbai, India’s financial heartbeat, is about to get a jolt of electric energy. Tesla, the American automotive and clean energy titan led by billionaire visionary Elon Musk, has officially…

Tarun Wig, Co-founder & CEO of Innefu Labs, Highlights Key Budget 2025 Expectations for India’s Tech Growth

As Budget 2025 draws near, Tarun Wig, Co-founder and CEO of Innefu Labs, underscores the urgent need for the Indian government to prioritize indigenous technology development, particularly in artificial intelligence (AI), cybersecurity, and data analytics. Wig stresses that strategic investments…

Biden Blocks Japanese Takeover of US Steel, Citing National Security Concerns

President Joe Biden has made a landmark decision to block the $14.9 billion acquisition of US Steel by Japan’s Nippon Steel, citing national security concerns. The decision, which fulfills a key political promise, has already caused significant ripples in both…

Chinese Hackers Breach US Treasury via Third-Party Software: Officials Report

The US Treasury Department has reported a “major cybersecurity incident” involving a breach by Chinese state-sponsored hackers. The intrusion, revealed in a letter sent to Congress on Monday, occurred through a third-party software service provider. The breach was first detected…

US Files Fraud Charges Against Indian Billionaire Gautam Adani

Indian billionaire Gautam Adani, one of Asia’s wealthiest individuals, faces fraud charges in the United States. Prosecutors accuse him of orchestrating a $250 million bribery scheme to secure lucrative contracts and concealing the misconduct to attract investors in the US…

Walmart and Branch Messenger Sued by US Watchdog for Allegedly Opening Illegal Accounts

Walmart Inc. and its financial technology partner, Branch Messenger Inc., are facing a lawsuit from the US Consumer Financial Protection Bureau (CFPB) over allegations that they opened costly and unauthorized bank accounts for delivery drivers. According to a report by…

Trump, Elon Musk’s Support for H-1B Visa Sparks Controversy in the US; Indian Government on Alert

The debate surrounding the H-1B visa policy has taken a new turn with the appointment of Chennai-born Sriram Krishnan as senior White House policy adviser on artificial intelligence (AI) under the incoming Donald Trump administration. The move sparked backlash from…

Key Changes in Regulations and Rules from January 1, 2025

As we welcome the new year, several significant changes are set to take effect across various sectors, impacting businesses, consumers, and the economy. From higher car prices to updates in GST compliance, here’s a rundown of what to expect starting…

U.S. Leads Global Effort to Tackle AI Safety Amid National Security Concerns

In a pivotal moment for artificial intelligence (AI), U.S. Commerce Secretary Gina Raimondo emphasized the importance of cautious innovation, stressing that AI’s rapid advancements should be tempered with careful consideration of its consequences. “AI is a technology like no other…

The Best and Worst North American Airports Ranked: A Deep Dive into Traveler Satisfaction

Airports are often the first and last impression of a trip, and travelers have plenty to say about their experiences. The 2024 J.D. Power North America Airport Satisfaction Study shines a spotlight on which airports stand out and which fall…