Fortnite maker Epic Games said they are laying off 1,000 employees “to keep the company funded”. “I’m sorry we’re here again,” said Tim Sweeney, the company’s chief executive, in a…
Category: Companies
China bars Manus co-founders from leaving country as it reviews Meta’s $2 billion acquisition: Report
China has restricted two co-founders of artificial intelligence startup Manus from leaving the country as regulators review whether Meta’s $2 billion acquisition of the firm violated investment rules, the Financial…
Bain, EQT, TPG enter final leg of race for UK’s Vitabiotics at $900 mn-$1 bn valuation
Mumbai: A clutch of private equity funds, including Bain Capital, EQT and TPG, are in the final lap of discussions to acquire a stake in UK-based Vitabiotics, which will potentially…
Fast&Up’s parent raises ₹300 crore from Elev8 Venture, limited partners
Mumbai: Consumer health and wellness brand Fullife Healthcare, which operates Fast&Up and Chicnutrix, has raised ₹300 crore from Elev8 Venture Partners and its limited partners in a series D funding…
At 10, Amazon Ads sharpens commerce-led play in a crowding ad market
BENGALURU/MUMBAI: As digital ad budgets become more contested, Amazon is using its 10-year anniversary in India to push a pitch focused on measurable outcomes across platforms. “The concept of a…
Meta offers stock options to ‘retain, compensate’ top execs for first time since IPO as AI race heats up
Meta Platforms Inc. is offering top executives stock options for the first time since its 2012 IPO — an effort to retain and compensate executives as the company continues to…
Is OnePlus shutting down in key global markets? Report says Europe ops to be axed — what we know so far
Rumours of OnePlus ceasing operations in key markets are back in the spotlight, months after its India CEO Robin Liu dismissed them, saying that business operations are continuing “as usual…
Prosus sees long runway in India portfolio
Bengaluru: A year after deploying $675 million into Indian startups, Dutch technology investor Prosus says its biggest bets are still relatively risky and far from mature businesses. “The investments we’ve…
Jio eyes up to $140 bn IPO valuation; TPG, KKR, General Atlantic, Silver Lake to sell
Billionaire Mukesh Ambani-controlled Jio Platforms Ltd is targeting a valuation of $120 billion to $140 billion in its public offer, which will see some of its existing investors, including TPG,…
Oracle reworks its suite of cloud software as agentic apps
(In March 23 story, corrects headline and paragraphs 1, 4 and 6 to reflect that Oracle introduced agentic apps that work across its software suite, rather than individual AI agents)…