Tech-The Economic Times 
Steep bill for AI buildout punishes Meta, other tech favorites
Investors sold shares of Meta Platforms and a wealth of companies central to the AI trade, a day after Meta -- one of the so-called hyperscalers spending billions to build data centers and other infrastructure supporting the AI boom -- said it would issue a new class of shares that will help it raise funds.
The suit, filed by Rhode Island Attorney General Peter Neronha in Providence Superior Court, accuses Meta of unlawfully profiting from and participating in the creation of billions of dollars in scam advertising - even as it assured its billions of users that it was working diligently to protect them.
Swiggy CEO Sriharsha Majety says rival Blinkit has the stronger flywheel, aims to fix basics before expanding
He said Swiggy’s priority is a stable business with “the clearest line of sight to Ebitda zero,” and that it would not use its cash reserves to open new fronts simply because the money is available. “I think our first job is to build a stable, resilient business that has the clearest line of sight to EBITDA zero. The optionalities come after that,” he said on the call following the announcement of the company's September quarter results.
BlueStone reports Rs 4.4 crore loss in Q2 as operating revenue rises 45%
The company’s operating revenue rose 45% year-on-year (YoY) to Rs 745 crore in the second quarter of FY27, compared with Rs 513.6 crore a year earlier. Including other income of Rs 24.4 crore, BlueStone's total income stood at Rs 769 crore during the quarter.
Bridging the AI production gap: Over 100,000 Indian engineers trained to build with Gemini
India is seeing a significant shift in its technology workforce towards enterprise AI integration and solutions. The Build with Gemini initiative has trained over 100,000 developers and architects across several major organizations. This transition emphasizes the need for professionals skilled in engineering AI for production. Global System Integrators are crucial in facilitating this workforce transformation. The evolution aims to position India as a key player in AI architecture and engineering.
What is the PHP security vulnerability: The AI-found bug that made governments take websites offline
Anthropic unveils Claude Duet AI agent app
Anthropic on Thursday unveiled Claude Duet, a standalone AI agent app designed to act as a proactive assistant for professionals and small-business owners, as rivals such as OpenAI and Meta race to develop AI agents that can complete work autonomously on users' behalf.
Cognizant acquires DyFlex Solutions to enhance AI and SAP transformation capabilities
Cognizant Technology Solutions has signed an agreement to acquire DyFlex Solutions, enhancing its AI and SAP capabilities. This acquisition is expected to close in the first quarter of 2027, subject to regulatory approvals. DyFlex specializes in SAP transformation and is based in Australia and New Zealand. The deal marks Cognizant’s third acquisition in 2026 as it seeks to expand its services.
Swiggy to shift to inventory model starting Q3 FY27, eyes 80 bps Instamart margin boost
The transition is likely to improve its quick commerce arm Instamart’s contribution margin by around 80 basis points once fully implemented. It will also give the Bengaluru-based company better control over assortment, pricing, product availability, and day-to-day operations.
IBM falls as analysts question staying power of software rebound
IBM shares fell 6.5% in premarket trading on Thursday, as analysts said part of the company's third-quarter software rebound was driven by deals delayed from the previous quarter, raising questions about how sustainable the boost would be.
EMudhra to exit global SSL/TLS certificate business after controversy
Digital trust services provider eMudhra on Thursday said that it would voluntarily withdraw from the global SSL/TLS certificate business, following an incident where its certificates were found to have vulnerabilities.
Motilal Oswal entities apply for 2.39 crore Ola Electric shares in Rs 1,000-crore rights issue
Motilal Oswal Financial Services and Calliope Capital Advisors have put in their bids for shares in Ola Electric Mobility's latest rights issue, which is set to raise Rs 1,000 crore by offering partly paid-up shares at Rs 27 each. The rights issue commenced on Thursday and will conclude on October 30, with crucial payment details outlined.
EMudhra breach: Netizens react as IT Ministry says impact on Indian sites ‘very limited’
Cybersecurity agency CERT-In warned that the compromised keys could let attackers issue fraudulent certificates for domains they do not control, impersonate legitimate websites and carry out attacks that intercept or modify encrypted communications.
Cloudflare sees millions of exploit attempts after PHP disclosure
Cloud services firm Cloudflare saw millions of exploitation attempts after the public disclosure of critical vulnerabilities in the widely used programming language PHP, CEO Matthew
Epic's 'Fortnite' back on Apple App Store in Australia after antitrust ruling
Epic Games said its shooter title "Fortnite" will return to Apple's App Store in Australia on Thursday after a federal court ordered the iPhone maker to open up its iOS operating system, having found it violated competition law.