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Amazon CEO denies full in-office mandate is ‘backdoor layoff’

By Greg Bensinger (Reuters) - Amazon CEO Andy Jassy said at an all-hands meeting on Tuesday that the plan to require employees to be in-office five days per week is not meant to force attrition or

Netflix under tax fraud investigation as offices in France and Netherlands raided

By Florence Loeve and Sudip Kar-Gupta PARIS (Reuters) -Investigators searched the offices of U.S. streaming giant Netflix in France and the Netherlands on Tuesday as part of a preliminary

Italy’s privacy watchdog raps Intesa over data breach incident

MILAN (Reuters) - Italy's data protection authority said on Tuesday Intesa Sanpaolo had underestimated the seriousness of a data breach incident involving thousands of customers, widely reported to

DuPont raises annual profit forecast on strong AI-tech demand

By Seher Dareen -DuPont de Nemours raised its full-year profit forecast after topping third-quarter estimates on Tuesday, as the industrial materials maker rides a recovery in demand from

Musk now says it’s ‘pointless’ to build a $25,000 Tesla for human drivers

By Chris Kirkham (Reuters) -When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation $25,000 electric vehicle, the automaker’s stock plunged. Chief Executive

Emerson offers to buy rest of AspenTech in $15 billion deal to sharpen automation focus

By Nathan Gomes (Reuters) -Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on

Google defeats lawsuit over gift card fraud

By Jonathan Stempel (Reuters) - A federal judge dismissed a proposed class action lawsuit accusing Google of illegally profiting from Google Play gift card scams by refusing to refund millions of

Gartner raises annual forecasts on strength in conferences unit

By Rishi Kant (Reuters) -Gartner raised its full-year forecast for revenue and profit on Tuesday, as the research and advisory firm benefits from its booming events business, sending its shares up

Russian court fines Apple for not deleting two podcasts, RIA reports

MOSCOW (Reuters) - A Moscow court on Tuesday fined U.S. technology giant Apple 3.6 million roubles ($36,889) for refusing to remove two podcasts that contained "information aimed at destabilising the

Palantir shares surge to record as AI boom powers forecast raise

By Zaheer Kachwala (Reuters) -Palantir shares jumped over 17% to hit a record high on Tuesday, after the data analytics firm raised its annual revenue forecast for the third time, bolstering investor

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.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?