Tata Consultancy Services (TCS) said its net profit for the final quarter of fiscal 2023 rose 15% on-year, but India’s largest software exporter pointed to macroeconomic concerns which may hurt the IT services firm. This and more in today’s ETtech Morning Dispatch.
Deal stalled over technology transfer, duration of partnership and investment issues
Almost two weeks ago Microsoft Corp-backed OpenAI took ChatGPT offline in Italy after the authority, known as Garante, temporarily restricted its personal data processing and began a probe into a suspected breach of privacy rules.
Zerodha, India’s largest brokerage in terms of the number of customers, already has the initial clearance for an asset management company (AMC) from the Securities and Exchange Board of India and is awaiting the regulator’s final approval.
The plant, to be set up on a 300-acre plot, will be Foxconn’s largest mobile manufacturing unit in the country. It is expected to create 50,000 jobs over five years, according to the government.
Last month, Twitter said it would winding down the legacy verification programme and accounts that were verified under the previous criteria will not retain a blue checkmark unless they are subscribed to Twitter Blue, starting April 1.
The iPhone-maker said it will invest up to an additional $200 million in its Restore Fund, which was created in 2021 with an initial $200 million commitment.