Intel's new CEO to receive $1 million as base salary

The company named Tan as the CEO on Wednesday, tasking the industry veteran to lead a faltering transition to a successful chip manufacturing firm as well as chip design house. He will take charge on March 18.

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Venture firm 3one4 Capital returns entire first fund capital to sponsors

3one4 Capital fully returned its first fund’s capital, with unrealised returns set for 4x gains. The 2016 fund backed startups like Darwinbox and Licious. The firm has exited multiple investments and anticipates IPOs from key portfolio companies.

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JPMorgan engineers' efficiency jumps as much as 20% from using coding assistant

The efficiency gains from the coding assistant will also allow JPMorgan's Indian centres to devote more time to high-value projects focusing on artificial intelligence and data, said Lori Beer, global chief information officer, JPMorgan Chase.

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Safe harbour regime is a big hurdle in GCC growth path, say experts

Experts urge reforms in India’s transfer pricing laws to boost Global Capability Centres (GCCs). They recommend a flexible safe harbour regime, tax incentives, single-window clearances, and talent development to enhance India’s competitiveness and attract more GCC investments.

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Musk-led cuts drive US consumer protection agency to ask for Amazon trial delay

The FTC requested a trial delay in its Amazon Prime lawsuit, citing severe resource shortages due to Trump-era cuts. Amazon denies wrongdoing. The judge asked for a written request by Friday.

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Energy storage startup AmpereHour Energy raises $5 million from Avaana Capital

AmpereHour Energy raised $5 million from Avaana Capital and UC Impower to expand manufacturing, R&D, and product development. The startup, specialising in energy storage, aims to scale capacity to 1 GWh in 18 months amid rising industry demand.

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Apple preparing for a major software overhaul: Report

The revamp, which is loosely based on Vision Pro's software, would include a style update of icons, menus, apps, windows and system buttons, the report said. Vision Pro is Apple's mixed-reality headset.

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