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OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
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TCS Pays Full Quarterly Variable Allowance To Over 70% Of Employees
Tata Consultancy Services has paid out 100 per cent of the Quarterly Variable Allowance (QVA) to more than 70 per cent of its workforce for the January -March quarter.
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OpenAI Continues To Be Overseen, Controlled By Nonprofit: Sam Altman
Sam Altman-run OpenAI will continue to be overseen and controlled by the nonprofit and its 'for profit LLC' will transition to a public benefit corporation, giving the nonprofit better resources to support several benefits, the company has announced
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Spotify's US App Update with Purchase Links Gets Apple Approval
Spotify said on Friday its US app update has secured Apple's approval to show pricing information and external payment links. The Swedish streaming giant, along with several other tech firms, had been at loggerheads with Apple over its App Store policies, which required developers to pay a commission on in-app purchases, including subscriptions.
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Mahindra Reports Q4 Results: 13.34 Pc Rise In Consolidated PAT
Consolidated revenue from operations stood at Rs 42,585.67 crore in the quarter under review, as compared to Rs 35,373.34 crore in the year-ago period.
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Zomato Shuts Down 'Quick' (15-Minute Delivery) And 'Everyday' (Homecooked Meals) Services
"The current restaurant density and kitchen infrastructure is not set up for delivering orders in 10 minutes," Eternal founder Deepinder Goyal said.
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Adani Ports Registers Record Net Profit Of Rs 11,061 Crore In FY25
Adani Ports and SEZ on Thursday reported an all-time high net profits in the just concluded financial year 2024-25, the company's earnings results showed.
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Adani Enterprises' Net Profit Surges 7.5 Times To Rs 3,845 Crore In Q4
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday announced robust financial results, with net profit surging 7.5 times to Rs 3,845 crore in Q4 FY25 compared to Rs 449 crore in the same period in FY24.
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Profit Warnings, Uncertainty As US Tariffs Send A Chill Through Businesses
General Motors and Volvo Cars abandoned their guidance, Adidas warned of price hikes and Porsche and Electrolux cut their full-year outlooks on Tuesday as US President Donald Trump's trade war continued to send shivers through the corporate world.
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Spotify Subscribers Grow to 268 Million Even as Streaming Firm Misses Quarterly Estimates
Spotify reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter. The profit miss overshadowed a stronger gain in subscribers in the first three months of the year, showing that the streaming service’s strategy of expanding beyond music into audiobooks and podcasts is luring more fans even as it ...
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Adani Green Energy Profit Rises 25.54% To Rs 383 Crore In Q4
Adani Green Energy on Monday posted a 25.54 per cent rise in consolidated net profit to Rs 383 crore in the March quarter, primarily driven by higher revenues.
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TVS Motor Company Registers Highest Ever Sales, EBITDA In FY2024-25
TVS Motor Company registers highest ever revenue, profitability and sales, in FY2024-25. It registered particularly strong performance in EV sales, with 44 per cent Y-o-Y growth.
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Maruti Suzukis Q4 Net Profit Takes A Dip, Citing Higher Expenses
The company said its total expenses during the fourth quarter rose to Rs 37,585 crore against Rs 34,624 crore in Q4 FY24, an increase of 8.5 per cent.
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Crypto Price Today: Bitcoin Price Hovers Around $93,000 as Altcoins Face Market Volatility
The overall crypto market valuation rose by 0.92 percent over the last day. While Bitcoin saw profits on Friday, Apri 25, Ether was struck with losses amid volatile market. Ripple, Dogecoin, and Tron logged price dips. Whereas Cardano, Leo, and Solana registered small gains. Â
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Google Says Deep AI Investments Powering Ad Sales, Soothing Anxious Investors
Alphabet reassured jittery tech investors that its AI investments were powering returns at its crucial ad business on Thursday. The search giant's first-quarter profit and revenue beat expectations, and the company said it would buy back $70 billion (roughly Rs. 5,97,800 crore) in stock, adding $75 billion (roughly Rs. 6,40,362 crore) to its mark...
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OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
-
TCS Pays Full Quarterly Variable Allowance To Over 70% Of Employees
Tata Consultancy Services has paid out 100 per cent of the Quarterly Variable Allowance (QVA) to more than 70 per cent of its workforce for the January -March quarter.
-
OpenAI Continues To Be Overseen, Controlled By Nonprofit: Sam Altman
Sam Altman-run OpenAI will continue to be overseen and controlled by the nonprofit and its 'for profit LLC' will transition to a public benefit corporation, giving the nonprofit better resources to support several benefits, the company has announced
-
Spotify's US App Update with Purchase Links Gets Apple Approval
Spotify said on Friday its US app update has secured Apple's approval to show pricing information and external payment links. The Swedish streaming giant, along with several other tech firms, had been at loggerheads with Apple over its App Store policies, which required developers to pay a commission on in-app purchases, including subscriptions.
-
Mahindra Reports Q4 Results: 13.34 Pc Rise In Consolidated PAT
Consolidated revenue from operations stood at Rs 42,585.67 crore in the quarter under review, as compared to Rs 35,373.34 crore in the year-ago period.
-
Zomato Shuts Down 'Quick' (15-Minute Delivery) And 'Everyday' (Homecooked Meals) Services
"The current restaurant density and kitchen infrastructure is not set up for delivering orders in 10 minutes," Eternal founder Deepinder Goyal said.
-
Adani Ports Registers Record Net Profit Of Rs 11,061 Crore In FY25
Adani Ports and SEZ on Thursday reported an all-time high net profits in the just concluded financial year 2024-25, the company's earnings results showed.
-
Adani Enterprises' Net Profit Surges 7.5 Times To Rs 3,845 Crore In Q4
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, on Thursday announced robust financial results, with net profit surging 7.5 times to Rs 3,845 crore in Q4 FY25 compared to Rs 449 crore in the same period in FY24.
-
Profit Warnings, Uncertainty As US Tariffs Send A Chill Through Businesses
General Motors and Volvo Cars abandoned their guidance, Adidas warned of price hikes and Porsche and Electrolux cut their full-year outlooks on Tuesday as US President Donald Trump's trade war continued to send shivers through the corporate world.
-
Spotify Subscribers Grow to 268 Million Even as Streaming Firm Misses Quarterly Estimates
Spotify reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter. The profit miss overshadowed a stronger gain in subscribers in the first three months of the year, showing that the streaming service’s strategy of expanding beyond music into audiobooks and podcasts is luring more fans even as it ...
-
Adani Green Energy Profit Rises 25.54% To Rs 383 Crore In Q4
Adani Green Energy on Monday posted a 25.54 per cent rise in consolidated net profit to Rs 383 crore in the March quarter, primarily driven by higher revenues.
-
TVS Motor Company Registers Highest Ever Sales, EBITDA In FY2024-25
TVS Motor Company registers highest ever revenue, profitability and sales, in FY2024-25. It registered particularly strong performance in EV sales, with 44 per cent Y-o-Y growth.
-
Maruti Suzukis Q4 Net Profit Takes A Dip, Citing Higher Expenses
The company said its total expenses during the fourth quarter rose to Rs 37,585 crore against Rs 34,624 crore in Q4 FY24, an increase of 8.5 per cent.
-
Crypto Price Today: Bitcoin Price Hovers Around $93,000 as Altcoins Face Market Volatility
The overall crypto market valuation rose by 0.92 percent over the last day. While Bitcoin saw profits on Friday, Apri 25, Ether was struck with losses amid volatile market. Ripple, Dogecoin, and Tron logged price dips. Whereas Cardano, Leo, and Solana registered small gains. Â
-
Google Says Deep AI Investments Powering Ad Sales, Soothing Anxious Investors
Alphabet reassured jittery tech investors that its AI investments were powering returns at its crucial ad business on Thursday. The search giant's first-quarter profit and revenue beat expectations, and the company said it would buy back $70 billion (roughly Rs. 5,97,800 crore) in stock, adding $75 billion (roughly Rs. 6,40,362 crore) to its mark...
