Economic Times
Upgrades to OpenAI's ChatGPT and Meta's Llama system introduce significant advancements in AI capabilities. GPT-5 and Llama-3 will revolutionize human
Foxconn anticipates higher second-quarter revenue with record April sales and strong growth in AI server demand, smart consumer electronics, and cloud
Pravaig Dynamics offers support to Tesla interns after Elon Musk's cost-cutting, inviting them to the Silicon Valley of India to recognize their talen
Judge Amit P. Mehta was presiding over the first day of closing arguments in the most consequential tech antitrust case since the U.S. government sued
Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of its stock. The buyback is the largest in the
Happy Friday! Azim Premji’s family office is eyeing a majority stake in Bank of Baroda-owned Nainital Bank. This and more in today’s packed editio
Premji Invest in talks to acquire majority stake in Nainital Bank at around Rs 800 crore. Public sector lender Bank of Baroda, which owns around 98% o
Claypond Capital, Axis Bank, and new investors plan to invest in Rupeek at a reduced valuation. Investment details are being finalized, with existing
Government collaborates with industry to boost electronics manufacturing in India, focusing on domestic value-add and encouraging smartphone and noteb
Mid-sized IT firms showed workforce growth in fiscal 2024, contrasting major Indian IT firms' decline. Demand rose for tech services from domestic and
Israeli start-up Apex, securing AI tools, received funding from OpenAI CEO. $7M seed funding led by Sequoia Capital, Index Ventures. Addressing data p
Apple extends core technology fee to iPadOS apps under EU rules, with exemptions for small developers, non-profits, and limited install apps. The fee
Wipro named Hari Shetty as Chief Strategist. The Bengaluru-headquartered firm makes first CXO appointment under new CEO Srinivas Pallia.
Coforge's net profit declined in Q4 FY24 but annual profit rose significantly. Revenue increased, and margins improved. The company plans to acquire C
Bengaluru-based startup Go Desi secured Rs 41 crore in equity investment from Aavishkaar Capital for business expansion. The Series B round involved D
The deal with MSL enables Ugro Capital to enter the tech-enabled embedded finance market. The non-bank lender will initially pay Rs 28 crore to acquir
Freshworks founder Girish Mathrubootham has stepped down as the chief executive and is being replaced by Dennis Woodside. This and more in today’s E
Confluent plans 25% workforce growth in India in 2024, with a focus on Indian public sector and BFSI. India houses a significant Confluent team for pr
Airbnb sees India as a key market aiming for a top 10 global position with investments and significant growth. The platform caters to Indian travelers
Barry McCarthy resigns as Peloton CEO, leading to 15% job cuts. Karen Boone and Chris Bruzzo step in as interim co-CEOs. Jay Hoag appointed board chai
