Monday, September 29, 2025

Flipkart group companies cut FY25 losses as Myntra stays on profit track

Under pressure to rein in losses ahead of a planned initial public offering (IPO) in 2026, Flipkart has managed to trim red ink across most of its group companies in FY25 by tightening costs. But with online retail growth slowing, revenue gains were modest.

from Tech-Economic Times https://ift.tt/JkQpZgU

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...