US says Photoshop maker Adobe to pay $3 million to settle kickback allegations

The settlement resolves allegations that Adobe made improper payments under its Solution Partner program to companies that had a contractual or other relationship with the government.

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Rs 2,250 crore tax evasion concern: DGGI sends show cause notices to HDFC Bank, Go Digit, Policybazaar

The Directorate General of GST Intelligence has served show cause notices to insurance intermediaries, including HDFC Bank, Go Digit Insurance, and Policybazaar, among others, for issuing fake invoices to claim input tax credit without providing any service. The investigation, initiated in 2022, has revealed an evasion of INR2,250 crore so far, with crackdowns on invoices raised from 2018 to March 2022.

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Amazon cranks up AI competition against Microsoft, Google with new cloud tools

Microsoft Corp and Alphabet Inc are adding AI chatbots to consumer products like their search engines, but they are also eying another huge market: selling the underlying technology to other companies via their cloud operations.

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Delivery workers strike shuts more than 100 Blinkit dark stores in Delhi NCR

Many stores in Delhi, Gurgaon, Noida, Faridabad, Ghaziabad and others closed.

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SoftBank to sell nearly all its stake in Alibaba: Report

Shares in Alibaba, one of the most valuable assets in SoftBank's portfolio, tumbled as much as 5.1% in Hong Kong following the report before paring the loss to 3.3%. SoftBank shares traded unchanged, tracking a broader market.

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Warner Bros Discovery unveils revamped 'Max' in push for streaming growth

WARNER-BROS-DISCOVERY-Warner Bros Discovery unveils revamped 'Max' in push for streaming growth

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TCS Q4 net profit up 15% to Rs 11,392 crore; PhonePe chalks up another $100m from GA, more expected

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.

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