Digital
Navi Technologies Ltd renamed to Navi Ltd
MUMBAI: Navi Technologies Ltd announced that it has officially changed its name to Navi Ltd, aligned with the company’s evolution from a technology-led disruptor to a holistic financial services destination built around the needs of Indian consumers.
The rebranding underscores the company’s focus to position itself as an integrated, customer-centric institution encompassing lending, insurance, asset management, and UPI services, committed to making money simple, seamless, and accessible for millions of Indians.
“The new name fits who we are today. Not only are we a technology provider, we are a full-fledged destination for financial services for our customers,” said Navi Group founder and executive chairman, Sachin Bansal. “It signals both simplification and scale – two ideas core to our philosophy.”
Navi Ltd MD & CEO Rajiv Naresh added, “This change aligns with the company’s evolution. While technology remains core to how we build, our focus today is broader. The new name reflects the company we’ve become: more integrated, more customer-focused, and ready for the next phase of growth.”
Digital
OpenAI’s Stargate lead Peter Hoeschele exits with two senior leaders
Trio behind compute push set to join new startup amid leadership reshuffle
SAN FRANCISCO: Peter Hoeschele, a key figure behind OpenAI’s early Stargate data centre initiative, has exited the company, according to a report by The Information.
The departure is part of a broader leadership shift, with two other senior executives, Shamez Hemani and Anuj Saharan, also set to leave in the coming days. All three are expected to join the same new startup, although details about the venture remain under wraps.
The trio played a central role in OpenAI’s Stargate effort, an initiative aimed at building large-scale data centre capacity in-house to reduce reliance on external infrastructure providers. Their exits mark a notable moment for the company’s compute strategy as it continues to scale rapidly.
OpenAI spokesperson said in a statement to The Information, “We’re grateful for the contributions Peter, Shamez, and Anuj have made to OpenAI and wish them the very best in what comes next.” The company also pointed to the recent appointment of Sachin Katti to lead its industrial compute organisation, signalling continuity in its infrastructure roadmap.
OpenAI has indicated that it does not plan to directly replace Hoeschele’s role, suggesting a possible restructuring of responsibilities within the team.
As competition intensifies in the race to build next-generation AI systems, leadership changes in core infrastructure teams are likely to draw close attention. For now, the spotlight shifts to what this departing trio builds next, and how OpenAI adapts as it scales its ambitions.
