Business — page 22

Microsoft offers voluntary buyouts to 60,000 employees in US, India, UK, and Canada

Microsoft is offering voluntary buyouts to 60,000 employees in the US, India, UK, and Canada to cut costs and refocus on AI initiatives.

Tarun Mottlia

Oct 26, 2026

Paytm Q2 FY27 net profit rises 10.7X to ₹225 Cr on 28% revenue growth

Paytm’s Q2 FY27 net profit jumped 10.7X year-over-year to ₹225 Cr, with operating revenue up 28% to ₹2,648 Cr.

Tarun Mottlia

Oct 26, 2026

Nevis raises $70M Series B for AI-driven wealth management platform

Nevis secures $70M in Series B funding led by EQT Ventures to expand its AI platform for wealth management firms, with new investors Charles Schwab…

Tarun Mottlia

Oct 26, 2026

Anthropic’s IPO Prospectus Reveals What’s Under the Hood

Anthropic on Monday filed documents ahead of a blockbuster IPO that offers insight into the company’s financials, risk factors, and views on the future of AI.

Tarun Mottlia

Oct 26, 2026

Anthropic files for Nasdaq IPO as half-year revenue hits $16.3bn

The Anthropic IPO prospectus shows a first operating profit in the second quarter, and an $80.7bn half-year loss driven mostly by note revaluations. Seven co-founders will hold 50.1% of the vote through one share.

Tarun Mottlia

Oct 26, 2026

OpenAI’s discounts win Anthropic customers, The Information reports

Rippling’s CEO says OpenAI now does most of its coding work, The Information reports. The OpenAI discounts follow months of list-price cuts by both labs.

Tarun Mottlia

Oct 26, 2026

Apollo’s Slok says US companies now treat AI spending as a cost, not growth

Revenue per worker and profit margins are flat outside the Magnificent Seven, Apollo’s chief economist wrote. Big Tech reports results this week as investors wait for an AI payoff.

Tarun Mottlia

Oct 26, 2026

Twiga Foods enters administration after $185 million raise

Twiga Foods, a Kenyan B2B agribusiness startup, has entered statutory administration despite raising over $185 million.

Tarun Mottlia

Oct 26, 2026

Raenest expands beyond cross-border payments with stablecoins and savings

Raenest, a Nigerian cross-border payments fintech, has launched a suite of products that lets users receive, save, and spend money across currencies.

Tarun Mottlia

Oct 26, 2026

5 min

Verizon signs $2bn AWS deal for AI workloads, raises 2026 forecasts

Verizon inked a more than $2bn AWS deal to support AI workloads and raised its 2026 financial forecasts after adding 406,000 postpaid phone subscribers in Q3.

Tarun Mottlia

Oct 26, 2026

American Express cuts 5% of staff and won’t let AI agents ‘run rogue’

The Amex job cuts come with a $336M restructuring charge, and the finance chief says the aim is to prepare for AI. The CEO says AI agents will only get in through approved channels.

Tarun Mottlia

Oct 26, 2026

Goldman Sachs puts $500M into small-business AI with four AI labs

Goldman Sachs chief executive David Solomon said there is very little that needs frontier models. Most AI-using owners in Goldman’s survey spend under $100 a month on it.

Tarun Mottlia

Oct 26, 2026

Aequs Q2 FY27 net loss widens to ₹52.4 Cr as consumer business losses deepen

Aequs reported a 154.4% surge in net loss to ₹52.4 Cr in Q2 FY27 despite 45.3% revenue growth.

Tarun Mottlia

Oct 26, 2026

Colare raises $2.5M for hardware engineering hiring tests

San Francisco startup Colare secures $2.5M in pre-seed funding to streamline hardware engineering hiring with realistic, simulation-based assessments.

Tarun Mottlia

Oct 26, 2026

Meta launches $35bn stock offerings to fund AI infrastructure

Meta has launched two stock offerings worth $35bn to finance AI infrastructure, including data centres and chips.

Tarun Mottlia

Oct 26, 2026

Mistral’s Mensch warns Europe of ‘leftovers’ if it quits frontier AI

DeepL’s chief executive says Europe needs its own models to keep AI’s value at home. Von der Leyen and Legora’s boss argue the gains lie in using frontier AI, not building it.

Tarun Mottlia

Oct 26, 2026

TikTok creators turn copper wire stripping into monetized side hustle

TikTok creators document copper wire stripping for profit amid record prices, while TikTok explores AI-driven infrastructure expansion and cloud capacity…

Tarun Mottlia

Oct 26, 2026

MakeMyTrip swings to $1.8M profit in Q2 FY27, revenue rises 2.5%

MakeMyTrip reported a $1.8M net profit in Q2 FY27, reversing a $5.7M loss last year.

Tarun Mottlia

Oct 26, 2026

Elon Musk says SpaceX has raised $40bn in debt to buy AI chips

SpaceX’s chief executive also predicted a shakeout among neoclouds, the firms that rent out AI computing power.

Tarun Mottlia

Oct 26, 2026

Veefin Solutions reports 127% YoY profit surge to ₹24.9 Cr in H1 FY27

Veefin Solutions, a BSE SME-listed fintech SaaS company, reported a 127% YoY rise in net profit to ₹24.9 Cr for H1 FY27, with revenue doubling to ₹238.8 Cr.

Tarun Mottlia

Oct 26, 2026

BBC’s Business Daily examines China’s AI export boom amid domestic economic struggles

BBC’s Business Daily explores China’s booming AI product exports alongside domestic economic pressures, global trade implications, and tech crises like PHP…

Tarun Mottlia

Oct 26, 2026

Instacart is exploring a sale, and Uber has already walked away

The Information says the grocery app has hired an investment bank and held early talks with DoorDash. News of a possible Instacart sale lifted its shares 9.2% to $56.44 on Friday.

Tarun Mottlia

Oct 26, 2026

Technology

SpaceX seeks 80,000 US cell sites for a mobile network, Bloomberg reports

Crown Castle, which runs about 40,000 US towers, is discussing cell site leases with SpaceX for Starlink Mobile. Shares in AT&T, Verizon and T-Mobile fell as much as 5% after the report.

Tarun Mottlia

Oct 26, 2026