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May 18, 2023

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Technology

Netflix beats expectations on profit and subscribers April 19, 2024
Netflix topped earnings expectations Thursday, reporting that profit and subscriber ranks grew as its heavy bet on a rich content line-up paid off amid a crackdown on password sharing. "This signals that password sharing was even more common than previously thought as Netflix keeps converting freeloader viewers into paid users."
Exclusive: Flipkart-Zepto deal talks drop out of cart April 19, 2024
Happy Friday! Ecommerce major Flipkart held talks with Zepto for a potential deal. More on that in today’s ETtech Morning Dispatch.
Agilitas acquires Lotto India licence for 40 years April 19, 2024
Abhishek Ganguly, the former Puma India head who cofounded Agilitas, told ET that the company will handle the manufacturing and sale of Lotto products in India and across South Asia.
Flipkart’s majority stake talks with Zepto fall through April 19, 2024
The strategic sale discussions are unlikely to be revived. Quick commerce company Zepto is now in discussions for fresh funding at a likely $2.5 billion valuation. It has held talks with the likes of General Atlantic, ADIA, among others.
Tata Communications dials up AI compute spends as Nvidia deal advances April 19, 2024
Cloud infrastructure provider Tata Communications MD and CEO AS Lakshminarayanan told ET the Tatas will partake in the Centre's AI Mission to offer AI services to startups and researchers.
Infosys Q4 net profit jumps 30%; company buys German tech firm for €450 million April 19, 2024
Revenue guidance for FY25, a key monitorable for investors, remained conspicuously circumspect, although India’s outsourcing bellwether announced its biggest M&A deal in history, committing nearly about half a billion dollars.
Meta releases early versions of its Llama 3 AI model April 18, 2024
The models will be integrated into virtual assistant Meta AI, which the company is pitching as the most sophisticated of its free-to-use peers.
Infosys to acquire engineering R&D services provider in-tech for $480 million April 18, 2024
Infosys said in a statement that this investment will help strengthen Infosys’ engineering R&D capabilities and will help global clients to navigate their digital engineering journey.
KPMG opens innovation centre in Bengaluru, second after Mumbai April 18, 2024
The first one was opened in Mumbai in 2022 where the company has demonstrated accelerators built with partners, hyperscalers and original equipment manufacturers like Oracle, Microsoft, Google, Salesforce, ServiceNow, Adobe, OutSystems and startups.
India Inc sees 67 deals valued at $648 million in Q1 of 2024: report April 18, 2024
The report stated that despite a funding slowdown and economic uncertainty, India’s tech startup ecosystem secured the fourth-highest funding globally.

CNN Economy

Goldman Sachs slants research to help Democrats, top White House adviser says October 2, 2018
Kevin Hassett, President Donald Trump's top economic adviser, suggested Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections.
Land O'Lakes CEO Beth Ford, from the cornfield to the C-suite October 1, 2018
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files.
The next big test for Elon Musk arrives this week September 30, 2018
Read full story for latest details.
The next big test for Elon Musk arrives this week September 30, 2018
Read full story for latest details.
CEOs are cashing in on the market boom September 26, 2018
Corporate insiders at US companies have dumped $5.7 billion of stock this month, the highest in any September in the past decade, according to TrimTabs.
General Electric is in a sharp decline September 26, 2018
Read full story for latest details.
Why investors aren't freaking out about inflation September 25, 2018
Read full story for latest details.

CNN MARKETS

Premarket: 7 things to know before the bell October 4, 2018
Read full story for latest details.
Why it's time for investors to go on defense October 4, 2018
Howard Marks, co-chairman of Oaktree Capital, explains why investors should start treading lightly.
Barnes & Noble stock soars 20% as it explores a sale October 3, 2018
Barnes & Noble jumped more than 20% after it said it would review a sale of the troubled company.
Aston Martin falls 5% in London IPO October 3, 2018
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.
Honda teams up with GM on self-driving cars October 3, 2018
Read full story for latest details.
Toys 'R' Us brand may be brought back to life October 3, 2018
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands.
Tencent Music plans to go public on US exchange October 3, 2018
It dominates the music streaming market in China through its QQ Music, KuGou and Kuwo platforms.

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