India is about tech talent availability, not low-cost options: Databricks cofounder Patrick Wendell

Patrick Wendell told ET that the company is betting on India as both, a key development hub and business market. He also said Databricks is IPO-ready, with India contributing to core product development and future growth.

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Swiggy’s Majety says won’t chase volume growth at cost of poor AOV; Zepto hits back

The statement made at the company’s post-earnings call followed an analyst pointing out Zepto’s claim to have crossed two million daily orders during the Diwali period. Without naming any company, Sriharsha Majety also said that while it’s easy to see the numbers of listed players, it’s difficult for private players.

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Microsoft Azure, 365 down for thousands of users, Downdetector shows

Azure was down for over 16,600 users and Microsoft 365 was down for nearly 9,000 users, according to Downdetector, which tracks outages by collating status reports from a number of sources.

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GlobalFoundries to expand German facility with $1.28 billion investment

US chipmaker GlobalFoundries on Tuesday said it will invest 1.1 billion euros ($1.28 billion) to expand manufacturing capabilities at its German facility as it looks to increase production.

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Amazon targets as many as 30,000 corporate job cuts, sources say

Amazon is gearing up for a major shakeup, potentially cutting 30,000 corporate roles from its ranks. This strategic decision is part of a broader effort to rein in costs after a hiring spree fueled by pandemic demands. With this anticipated drop, the company is poised for its largest workforce contraction since 2022.

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LSEG partners with Anthropic to bring financial data access to Claude users

Anthropic to give Claude users access to data licensed through LSEG products. LSEG shares rose by as much as 1.7% after the announcement.

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Meta launches 'ghost posts' that disappear after 24 hours on Threads

The feature is aimed at boosting usage, expanding options for users to share posts on the app, similar to the widely used "stories" employed across Meta's Instagram and Facebook.

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Packed festive show delivers a big ecommerce hit; sales jump 27%

India's festive e-commerce season saw a robust 27% year-on-year sales growth, fueled by GST cuts and strong demand from non-metro cities. Analysts highlight a shift towards quality and D2C brands, with quick commerce playing a significant role. Premium categories and gifting saw notable surges, setting a positive outlook for FY26.

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Accel, Prosus team up for early-stage investments in India

Leading tech investor firms Prosus and Accel have teamed up to bolster India's dynamic early-stage startup landscape. This collaborative effort will target initiatives in advanced manufacturing, energy transition, and AI-driven automation. This partnership represents a significant step for Prosus in broadening its investment strategy on a global scale.

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Reliance investments in AI infra may top $12-15 billion: Report

Reliance will spend approximately $12-15 billion on AI infrastructure to develop a 1GW datacenter, underwriting about 25% of the capacity itself. A new wholly-owned subsidiary, Reliance Intelligence will spearhead the conglomerate's AI initiatives.

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Lenskart to launch IPO on October 31; files RHP

Lenskart has filed the red herring prospectus for its initial public offering (IPO), which will be launched on October 31. The IPO, which will close on November 4, will see Lenskart raise Rs 2,150 crore and shareholders sell 127.5 million shares via the offer-for-sale (OFS) portion, as per the RHP.

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