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Perplexity raising new funds at $9 billion valuation, source says

By Jaspreet Singh (Reuters) - Perplexity is raising new investment that would value the search startup at $9 billion, a source familiar with the matter said on Tuesday, a sign of heightened investor

Jack Henry & Associates profit jumps on robust demand for banking technology

(Reuters) - Financial technology company Jack Henry & Associates posted a 17% jump in first-quarter profit on Tuesday, driven by higher demand for its technology solutions, as banks and financial

FTC sues fintech app Dave over misleading $500 cash advance ads

By Jody Godoy (Reuters) -The U.S. Federal Trade Commission sued financial technology company Dave Inc in Los Angeles on Tuesday, accusing it of luring users to its personal finance app by advertising

Brazil’s Telefonica posts 13% increase in third-quarter net profit

SAO PAULO (Reuters) - Brazil's Telefonica reported on Tuesday a 13% increase in net profit for the third quarter compared to the same period last year. Telefonica Brasil reported a net profit of 1.67

Trump Media reports $19 million loss in third quarter on TV streaming costs

(Reuters) - Former U.S. President Donald Trump's media company reported a net loss of $19.2 million in the third quarter, due to legal fees and costs tied to its TV streaming deal. Trump Media &

Microchip Technology forecasts quarterly results below estimates on weak automotive demand

By Jaspreet Singh (Reuters) - Microchip Technology forecast third-quarter revenue and profit below estimates on Tuesday, indicating a sluggish demand from automotive customers amid economic

FTC accuses fintech app Dave of misleading users about cash advances

(Reuters) - The U.S. Federal Trade Commission sued financial technology company Dave Inc in a California court on Tuesday, accusing it of misleading users of its personal finance app by offering cash

Lumen raises annual cash flow forecast on AI deals, legacy business weighs on results

By Harshita Mary Varghese (Reuters) - Fibre-optic cable provider Lumen Technologies raised its annual free cash flow forecast on Tuesday thanks to AI deals with large cloud companies, even as weakness

Super Micro says cannot predict timing of annual filing; shares down

(Reuters) - Super Micro Computer said on Tuesday it cannot predict when it would file its annual report with the U.S. Securities and Exchange Commission and that the results of a special committee

Apple set to face fine under EU’s landmark Digital Markets Act, sources say

By Foo Yun Chee (Reuters) -Apple is set to be fined by the European Union's antitrust regulators under the bloc's landmark rules aimed at reining in the power of Big Tech, making it the first company

On Camera

Swraj Paul was the original NRI powerbroker. Helped Indira’s return, shaped India Inc

When he was asked why he was so loud in his criticisms of Indian industry when his purpose could be better served by a shrewder approach, he said, “Because I am a Punjabi, not a Marwari”.

New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC

New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.

India and France to jointly develop and manufacture 120 kN engine for homegrown AMCA

The new engine, set to be developed over the next 10 years, will power the second tranche of Advanced Medium Combat Aircraft. First set will be equipped with GE 414 engines.

Europe is sitting at Trump’s table, and there’s a lesson for India

Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.