Thursday, December 19

Tag: Company

Dalton City Council agrees to move money to stormwater, recreation projects | Local News
14Nov By adminNo Comments
Money

Dalton City Council agrees to move money to stormwater, recreation projects | Local News

City of Dalton officials have agreed to redirect $6 million from a 2020 bond issue that was originally allocated for a proposed aquatics center to recreation and stormwater projects.City Council members informally agreed to the proposal when they met as the Finance Committee last week. The council members will have to vote to approve any specific contracts.Citing soaring construction costs and large projected operating deficits, the council members voted in October to cancel the aquatics center. The city had budgeted $13 million for the project, with $6 million coming from bond funds.City Administrator Andrew Parker said th...
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Red Sea Global launches Saudi’s first seaplane company – Business Traveller
13Oct By adminNo Comments
Travel

Red Sea Global launches Saudi’s first seaplane company – Business Traveller

Red Sea Global (RSG), the developer behind The Red Sea and Amaala destinations, confirmed this week that it had launched Saudi Arabia’s first seaplane company called Fly Red Sea. A subsidiary of RSG, the company has already operated its first flight. Fly Red Sea’s initial fleet will comprise four Cessna Caravan 208 seaplanes, each equipped with boutique luxury interiors. RSG said that the fleet will expand to nine seaplanes by 2028 and is further expected to increase to more than 20 by 2030. The plane will initially connect to two resorts in The Red Sea’s island including St. Regis Red Sea Resort and Nujuma, A Ritz Carlton Reserve. Each aircraft can accommodate a pilot and up to six guests with luggage for guest transfers to water-based resorts. Alternatively, it can carry up to nine gue...
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Reliance Industries, Tata group partner Nvidia for India AI infrastructure
8Sep By adminNo Comments
Business

Reliance Industries, Tata group partner Nvidia for India AI infrastructure

The battle to dominate the artificial intelligence (AI) space seems to be intensifying, with Reliance Industries Ltd (RIL) and the Tata group, two of the largest conglomerates in India, entering into separate partnerships with US technology giant Nvidia to build AI supercomputers.   Jio Platforms, RIL’s digital services arm, announced a partnership with Nvidia on Friday to build a state-of-the-art cloud-based AI computing infrastructure. Nvidia will provide Jio with end-to-end AI supercomputer technologies and frameworks for building the most advanced AI models, Jio said in a statement.   Nvidia is also tying up with the Tata group to deliver AI computing infrastructure and platforms for developing AI solutions. The collaboration aims to ...
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Zoho surpasses 100 million users across over 55 business applications
5Sep By adminNo Comments
Business

Zoho surpasses 100 million users across over 55 business applications

Chennai-based Software as a Service (SaaS) firm Zoho Corporation has surpassed 100 million users across its 55-plus business applications. The company on Tuesday said it is the first bootstrapped SaaS company to reach this milestone. Zoho has added at least 50 million users. Its user base has grown from 1 million users in 2008 to 100 million in 2023. The company crossed one billion US dollars in annual revenue last year. It now serves more than 700,000 businesses across more than 150 countries. India is one of the fastest-growing markets for the firm, where it has witnessed a three-year compound annual growth rate (CAGR) of 65 per cent in the upmarket segment. Best known for its online office suite applications, Zoho provides tools for Customer Relationship Management...
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Bain to buy 90% stake in Adani Capital and Adani Housing for Rs 1,440 cr
23Jul By adminNo Comments
Business

Bain to buy 90% stake in Adani Capital and Adani Housing for Rs 1,440 cr

The Adani group has exited the financial services business by selling its entire 90 per cent stake in Adani Capital and Adani Housing to private equity (PE) firm Bain Capital for Rs. 1,440 crore.  The total valuation of the Adani financial services business stands at  Rs. 1,600 crore. Gaurav Gupta, managing director (MD) and chief executive officer (CEO) of the Adani firms will hold the rest of the stake. Bain will also invest an additional Rs. 983 crore as primary capital in the company to facilitate its growth. Besides, Bain Capital will also make available a liquidity line of Rs. 409 crore as non-convertible debentures (NCDs) to the company.  Gautam Adani, chairman, Adani Group, said Gupta and his team have not only built a financial servic...
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Tripped Up: What to Do If Your Travel or Tour Company Goes Bankrupt
20Jul By adminNo Comments
Travel

Tripped Up: What to Do If Your Travel or Tour Company Goes Bankrupt

Dear Tripped Up,In 2021, my husband, my sister and I signed up for a five-day Tremendous Tawas Lake Huron tour run by Pardson, the Ohio company that publishes Bird Watcher’s Digest magazine. We paid almost $4,800 in all. The tour was canceled because of Covid that year, but we were so eager to see the rare Kirtland’s warbler that we accepted a credit. Shortly before the rescheduled trip was to leave in May 2022, the company emailed to tell us it was going out of business, and someone would contact us about a refund. No one did, but through my own efforts I got in touch with Jack Harris, the receiver responsible for the dissolution of Pardson. He told me the only way to get my money back would be through my credit card. But American Express said I was too late. Can you help? Paige, Atlanta...
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