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Facebook-parent Meta in its third-quarter earnings call revealed a sharp rise in the opening on artificial intelligence, with employee compensation emerging as one of the biggest cost driver for the company, as per chief financial officer Susan Li. This revelation from the company comes at a time when investor concerns are growing over Meta’s ballooning…
Intel is back in profit. The chip giant snapped its losing streak of six straight quarterly losses and returned to profitability in the third quarter. The American chipmaker posted strong revenue, noting robust demand for chips that it expects to continue into 2026. This is Intel’s first earnings report since the Donlad Trump administration acquired…
NEW DELHI: The ED late on Friday arrested Reliance Power’s chief financial officer Ashok Pal after questioning him at its headquarters here in a case of fake bank guarantee. He was produced before a court here on Saturday and remanded in two days of ED custody. Pal, the CFO of Reliance Power Limited (RPL), an…
Srinivas Phatak (Image/Unilever official website) Consumer goods major Unilever has appointed India-born Srinivas Phatak as its Chief Financial Officer (CFO), the company on Tuesday. His appointment, effective immediately, comes a little over six months after he was given charge as Acting CFO.Phatak, 53, succeeds Fernando Fernandez, who earlier this year transitioned from CFO to CEO….
Bengaluru: Gameskraft Technologies accused its former group chief financial officer, Ramesh Prabhu, of diverting company funds into unauthorised futures and options trading, causing losses he estimated at more than Rs 250 crore. Following a fact-finding review, the company wrote off Rs 270.4 crore in its accounts for FY25. The allegations form part of an FIR…
BENGALURU: Gameskraft Technologies accused its former group chief financial officer, Ramesh Prabhu, of diverting company funds into unauthorised futures and options trading, causing losses he estimated at more than Rs 250 crore. Following a fact-finding review, the company wrote off Rs 270.4 crore in its accounts for the 2024-25 financial year. The allegations form part…
