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Lufthansa 787 gear collapse injures staff in Frankfurt

A Lufthansa Boeing 787 Dreamliner experienced a nose landing gear collapse at Frankfurt Airport on June 4, injuring several ground staff members.

The aircraft was undergoing routine ground operations and was scheduled to operate a flight to Los Angeles when the incident occurred. Emergency teams responded quickly, and the injured workers received medical treatment.

Lufthansa confirmed the aircraft was taken out of service for inspection, while the Los Angeles flight was cancelled. Authorities have launched an investigation to determine the cause of the incident. The extent of damage to the aircraft is still being assessed.

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Uber caps employee use of AI tools

Uber has introduced monthly limits on employees’ use of artificial intelligence tools as it seeks to manage rising technology expenses. The company has placed caps on AI-powered applications used for tasks such as coding, research and content creation.

The move reflects growing concerns among businesses about the costs of generative AI, including subscriptions and computing resources. Uber said the policy is aimed at encouraging responsible use of AI rather than reducing investment in the technology.

Industry experts say the decision highlights a broader trend as companies move from experimenting with AI to closely monitoring its costs and business value.

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Pune IT firm closes overnight, CEO held

A Pune-based IT company abruptly shut down, leaving around 700 employees jobless and triggering a police investigation. Workers who arrived at the office found it locked and claimed they had received no prior notice about the closure.

Many alleged that salaries had been delayed for months despite repeated assurances from management. Following complaints, police arrested CEO Harshal Thakre on charges related to alleged financial irregularities and cheating.

Authorities are examining the company’s records to determine the extent of wrongdoing. Employees are now seeking unpaid salaries while searching for new job opportunities.

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Alphabet plans $80 bn fundraise to accelerate AI expansion

Alphabet, the parent company of Google, plans to raise $80 billion through stock sales to fund its growing artificial intelligence ambitions.

The company said the proceeds will be used to expand AI infrastructure, including data centres, computing power and advanced AI systems. Reports indicate that the fundraising package includes a $10 billion investment from Berkshire Hathaway.

The move reflects the enormous capital requirements of the global AI race as technology giants compete to build next-generation AI platforms. The announcement highlights Alphabet’s commitment to scaling its AI capabilities to meet rapidly growing demand.

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HUL launches Unilever Fragrance Hub in Mumbai

Hindustan Unilever Ltd (HUL) has inaugurated the Unilever Fragrance Hub at IIT Bombay, marking a major step in strengthening India’s role in the company’s global innovation network.

The Mumbai facility is Unilever’s third global fragrance hub after centres in the UK and the US. It will use artificial intelligence, digital technologies and advanced scientific research to develop fragrances for beauty, personal care and home care products.

Part of Unilever’s €100 million global investment programme, the hub will also collaborate with academic researchers and help create products tailored for Indian and international consumers.

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Anthropic files confidential IPO papers

Anthropic, the artificial intelligence startup behind the Claude chatbot, has confidentially filed for an initial public offering (IPO) in the United States. The move positions the company to become one of the biggest AI firms to enter public markets.

Reports suggest Anthropic could debut with a valuation approaching $1 trillion, driven by strong investor enthusiasm for artificial intelligence. Backed by major technology companies and investors, the firm has rapidly expanded its AI offerings and enterprise business.

The confidential filing allows Anthropic to begin regulatory review while keeping financial details private until a later stage.

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HCLTech-Xerox contract end may impact 200 jobs

The end of a long-running business process management (BPM) contract between HCLTech and Xerox could affect around 170 to 200 employees, according to reports. The contract covered back-office and business support services for Xerox.

Employees associated with the project have reportedly been informed about the closure. HCLTech is exploring options to redeploy affected staff to other projects where possible.

While concerns remain among employees about future roles, there has been no indication of large-scale layoffs. Industry experts say such workforce transitions are common when major outsourcing contracts come to an end.

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Cognizant brings new AI-era job roles

Cognizant has unveiled two new job roles—Frontier Engineer and Business Operator—to help organisations adapt to the growing use of artificial intelligence. The company said the roles are designed to bridge the gap between technology and business operations, enabling faster deployment of AI solutions and greater automation of workflows.

According to Cognizant, Frontier Engineers will focus on building and implementing advanced AI systems, while Business Operators will help integrate AI into business processes and decision-making. The move reflects rising demand for professionals who can combine technical expertise with business knowledge as companies increasingly adopt AI-driven technologies.

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Jerome Powell defends Fed Independence

Outgoing US Federal Reserve Chair Jerome Powell has strongly defended the independence of central banks, saying monetary policy decisions should be guided by economic data rather than political pressure.

His remarks come amid repeated criticism from US President Donald Trump over interest rate decisions. Powell said an independent Federal Reserve is essential for controlling inflation, maintaining financial stability and preserving public trust.

He warned that political interference could undermine the credibility of central banks and weaken market confidence. Powell’s comments are seen as a final appeal to protect the Fed’s autonomy as he prepares to leave office.

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SC scraps ₹447 cr order against Reliance

The Supreme Court of India has given major relief to Reliance Industries by setting aside an order requiring the company to disgorge ₹447 crore in connection with trades involving shares of Reliance Petroleum Limited (RPL).

The court also overturned findings that had held Reliance guilty of fraudulent trading. The dispute dates back to 2007 and relates to transactions involving RPL shares and related market positions. The Supreme Court ruled that the findings against the company could not be sustained, bringing an end to a prolonged legal and regulatory battle over the matter.