The Economic Time
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Capgemini Q1 FY24 revenues drops 3.5%, offshore headcount dips
The revenues in Q1 of FY23 stood at €5.73 billion ($5.92 billion). On a constant currency basis, revenue declined 3.3%. Capgemini follows January...
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Early stage VC IvyCap Ventures announces final close of third fund at Rs 2,100 crore
The fund is allocating a significant portion of its third fund to invest in around 25 early-stage startups. These initial investments will...
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FirstCry refiles IPO papers, reports December revenue at Rs 4,841 crore
FirstCry’s IPO size will be the same, as per the IPO papers. It intends to raise $218 million (about Rs 1,815 crore) in primary funding through...
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Google lays off employees from key teams ahead of developer conference: report
Layoffs at Google's Flutter, Dart and Python teams come weeks after the tech giant terminated staff from its real estate and finance teams as well....
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Paytm Payments Bank’s wallet business in slow lane; Tribe Capital’s India play
Happy Tuesday! Regulatory actions have crippled Paytm Payments Bank's mobile wallet business. This and more in today’s ETtech Morning Dispatch.
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Axel Springer to migrate some cloud applications to Microsoft's Azure
Axel Springer partners with Microsoft Azure for AI migration, expanding with AI chat experience. Monetizes through Microsoft Advertising. Brands...
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AI startup Blaize raises $106 million in funding
AI firm Blaize secures $106M funding from multiple investors. No valuation disclosed. Interest in AI sector grows post OpenAI's ChatGPT launch....
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Ola Cabs CEO quits; Elon Musk scores big win in China
Just three months after joining the ride-hailing firm, Ola Cabs CEO Hemant Bakshi has called it quits. Details on this and more in today’s ETtech...
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Ola Cabs CEO Hemant Bakshi resigns; company to layoff 200 employees
Ola Cabs' CEO Bakshi leaves, team cut pre-IPO. Ola Electric awaits Sebi nod. ANI profitable in FY23. Bakshi notes Ebitda turnaround, Rs 66 crore loss.
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Financial Times, OpenAI sign content licensing partnership
The agreement will enhance OpenAI's generative AI chatbot ChatGPT with attributed FT content, and the firms will collaborate on developing new AI...