GOOGLE CLOUD CEO DIANE GREENE TO LEAVE; THOMAS KURIAN TO STEP IN
NEW YORK/SAN FRANCISCO/SEATTLE : Google Cloud chief executive officer (CEO) Diane Greene, who has pushed for three years to catch up with market leaders Amazon.com Inc. and Microsoft Corp., will step down from her post and be succeeded by former Oracle Corp. executive Thomas Kurian. Greene, 63, will remain
CEO through January, working with Kurian, who will join the Alphabet Inc. unit November 26. Greene said in a blog post that she will stay as an Alphabet board member. During her tenure in charge of one of the internet giant’s central units, Greene rapidly expanded the business, hiring a major new salesforce and investing hundreds of millions of dollars in data centers and undersea cables. Still, Google cloud is seen by analysts as a distant third in the US to Amazon and Microsoft in the market for running apps and storing data in the cloud, despite having a head-start on Microsoft that predated Greene’s time at the company.
FB woes sap $17.4 bn of Zuckerberg’s wealth
NEW YORK: Mark Zuckerberg’s fortune has tumbled $17.4 billion so far this year as Facebook faces fresh criticism over its treatment of critics and continues to grapple with the fallout from its response to Russian election meddling. Shares of the social media giant fell 3% on Friday to $139.53, the lowest since April 2017. Zuckerberg, 34, who recently was the world’s third-richest person, behind Jeff Bezos and Bill Gates, is now ranked sixth on the Bloomberg Billionaires Index. Zuckerberg’s fortune, now at $55.3 billion, has tumbled more than $31 billion from its peak on July 25. Oracle Corp.’s Larry Ellison, is close behind at No. 7 with $54.7 billion.
Trai to meet telcos in Dec to finalize 2019 agenda
NEW DELHI: Trai is expected to meet telecom industry players next month, to deliberate on the issues that will be taken up during 2019, its chairman RS Sharma said on Monday. The discussion—now an annual feature—is however expected to entail a wider set of players in the telecom space this time, spanning operators, infrastructure providers and others. “The meeting will take place next month. We will talk to them and ask them about the items they think, should be taken up in the next calendar year,” Sharma told PTI on the sidelines of an interactive session on ‘New Regulatory Framework for Broadcasting and Cable Services’.
HDFC raises ₹500 crore by issuing masala bonds
NEW DELHI: Mortgage lender HDFC Ltd on Monday said it has issued masala bonds under its MTN programme and raised ₹500 crore. The rupee denominated bonds, popularly known as masala bonds, are issued under the medium term note (MTN) programme, it said in a regulatory filing. “The corporation has closed the said issue on Monday with the issue size of ₹500 crore,” HDFC said.
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