Category : Corporate News


Salesforce Q4 Revenue Hits $10.7B, Benioff Tackles AI Fears

Salesforce reported Q4 revenue of $10.7 billion, up 13% year-over-year, with annual revenue reaching $41.5 billion. CEO Marc Benioff addressed investor concerns about AI agents threatening SaaS models, while announcing dividend increases and a $50 billion

eBay Reportedly Cutting 800 Jobs in Global Layoffs

eBay is reportedly eliminating nearly 800 positions, about 6% of its global workforce, in a new round of layoffs affecting multiple U.S. states. Employees claim roles are being moved overseas to India and Ireland.

Reliance Restructures REIL Stake, Meta Takes 30%

Reliance Industries announces a strategic restructuring of its stake in Reliance Entertainment International Limited, with Meta Platforms acquiring a 30% share, marking a significant move in digital media and entertainment.

ED Attaches Anil Ambani's Rs 371.6 Crore Mumbai Home

The Enforcement Directorate has attached Anil Ambani's luxurious Mumbai residence worth Rs 371.6 crore in a money laundering case linked to Yes Bank. This action is part of an ongoing investigation into alleged financial irregularities.

Paramount's $31 Bid Gains Warner Bros. Traction

After 75 days and 10 rejections, Paramount's $31 per share offer for Warner Bros. Discovery is being seriously considered, potentially triggering a 4-day window for Netflix to counterbid for HBO assets.

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