Tata Communications on Thursday announced a transformative upgrade to its AI cloud infrastructure in India, powered by NVIDIA Hopper GPUs. The strategic collaboration positions Tata Communications as a key player in enabling AI applications across a wide spectrum of industries — including manufacturing, healthcare, retail, and banking and financial services — and equipping them with
Go to Live UpdatesQ2 Earnings 2024 Live Updates: While many major companies across sectors and all of the IT services giants have already released their Q2 results, many others are yet to announce their Q2 numbers. Even so, the fiscal second quarter earnings season is now in full swing. Firms like Tata Consultancy Services (TCS)
HCL Tech on Thursday announced that it extended its ongoing partnership with the New South Wales Government’s transport and roads agency, Transport for NSW, to enable world-class transport services and experience for customers. Under a new five-year agreement, HCL Tech will deliver end-to-end managed services for business-critical and operational applications, platforms, and cloud operations with
Hindustan Unilever (HUL) on Wednesday emerged as the third key fast-moving consumer goods (FMCG) company after Tata Consumer and Nestle India to flag demand concerns in urban areas, especially in larger cities. All three firms have attributed the urban slowdown to food inflation and a high base effect in the year-ago period. After multiple quarters
Logistics-tech unicorn Shiprocket said its revenue rose 21% year-on-year to Rs 1,316 crore in FY24, driven by growth in its core business of e-commerce enablement and also expanding scale in its emerging businesses such as cross border, checkout and fulfillment. The company said while its core business has been strengthened by the integration of Pickrr’s
KPIT Technologies reported a net profit of Rs 203.74 crore, which was a 44.66% year-on-year rise and a sequentially flat quarterly profit for the September quarter. KPIT’s revenues rose 8% sequentially to Rs 1,471.41 crore. The company maintained its margins at 20.5% during the quarter. KPIT on Wednesday announced plans to raise Rs 2,880 crore.
As the competition between Adani Group’s Ambuja and Aditya Birla Group’s UltraTech for dominance in the cement sector heats up, the south India market has become a battleground with multiple acquisitions at increasing enterprise value per tonne. The latest acquisitions – Orient Cement by Ambuja and India Cement by UltraTech – have been at far
With privatisation of Rashtriya Ispat Nigam Ltd (RINL) put on the back burner, the Centre is working on a package for the steel maker that would involve fresh equity infusion, restructuring of bank loans, and setting operational goals for the top management, sources told FE. The privsatiation plan for RINL, also known as Vizag Steel
Capital markets regulator SEBI barred five individuals from the securities markets for one year and directed them to impound illegal gains of nearly Rs 1.53 crore made from their front-running activities.The regulator also imposed a penalty of Rs 10 lakh on Nikhil Khaitan, Rs 5 lakh on Om Prakash Khaitan, Manju Khaitan, Neha Khaitan, and
In a testament to India’s burgeoning luxury real estate market, there has been an unprecedented surge in ultra-luxury residential sales. Over the past three years, a staggering 49 ultra luxury homes, each commanding a price tag of Rs 100 crore or more, have changed hands in the country’s premier metropolitan hubs of Mumbai and Delhi-NCR
The Reserve Bank of India (RBI) is likely to go for a rate cut in its April MPC meeting, which may prompt banks to lower the interest rates on their fixed deposits further. It may be noted that some of the banks and financial institutions have already reduced their FD rates following the 25 bps
In a recent Twitter post Elon Musk announced that “xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).” Musk had bought Twitter/X for $44 billion in 2022. Therefore, for all practical purposes, there is a clear loss of over $11
As the financial year FY26 begins, the last trading session of FY25 comes with a festive pause. Indian stock markets will remain closed on Monday, (March 31), on account of Eid-Ul-Fitr (Ramzan Id). This marks an extended break for investors, with trading resuming on Tuesday, April 1. No trading on BSE, NSE on March 31
