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The AI chatbot that dragged Microsoft to hellThis week, news website Semafor reported that the software giant is in talks to invest $10 billion in OpenAI, the company behind the revolu...
Exclusive: Many PE, VC funds get Sebi notices; Infosys net profit up 13.4% in Q3These private-equity and venture capital funds, registered with the Securities and Exchange Board of India (Sebi) as AIFs, failed to adhere...
Pune labour commissioner summons Amazon over mass layoffsThis is the second notice Amazon has received over its job cuts. In November, the labour ministry asked it to appear before the deputy chie...
Infosys net profit up 13.4% in Q3; Cashfree starts layoffs; and Goat acquires ChumbakInfosys said earlier today its consolidated net profit for the December quarter rose 13.4% on year to Rs 6,586 crore, beating estimates. Ar...
Amazon CEO Andy Jassy defends mass layoffs, againSpeaking at the New York Times DealBook Summit, Jassy said, defending the layoffs at Amazon, that the company needed to streamline costs af...
Unicorns face a funding crunch; CCI clears PayU-BillDesk deal; and IT firms boost campus hiringBengaluru-based Acko had signed a term sheet with PayU, owned by Prosus, but the South African conglomerate decided not to go ahead with th...
No more Shopee-ing in India!Shopee entered India in November 2021, and started growing at a fairly good pace. While it's tough to compete in the low-end of online reta...
Cloudtail’s closure begins; Reliance aims to be quick-grocery giantCloudtail, which at one point accounted for more than half of all sales on Amazon in India, is now in its final days.