Indian equity markets witnessed a sharp decline as renewed geopolitical tensions in West Asia rattled investors across global financial markets. Mounting concerns over the widening regional conflict, rising crude oil prices, and uncertainty in international markets prompted investors to reduce exposure to riskier assets, leading to broad-based selling across Indian equities. The benchmark indices closed...
South Korean technology giant Samsung Electronics is expecting a significant rise in operating profit as the global artificial intelligence (AI) boom continues to strengthen demand for advanced semiconductor products. The company is benefiting from increased requirements for high-performance memory chips used in AI servers, data centres, and next-generation computing systems. The rapid expansion of AI...
Indian benchmark equity indices began Tuesday’s trading session on a positive note, extending recent gains as sustained foreign institutional investor (FII) inflows and buying in heavyweight banking and information technology stocks strengthened market sentiment. Positive global market trends also contributed to the optimistic mood among investors, encouraging fresh buying across several key sectors. The domestic...
Microsoft has announced another major round of layoffs, eliminating approximately 4,800 jobs across multiple divisions as the technology giant continues to restructure its business around artificial intelligence, cloud computing, and long-term growth priorities. The workforce reduction is part of the company’s broader strategy to streamline operations, improve efficiency, and reallocate investments toward rapidly expanding AI...
India’s technology industry is witnessing a major shift in hiring priorities, with demand for artificial intelligence (AI) professionals continuing to grow even as overall recruitment across the IT sector slows. The latest employment data indicates that organisations are increasingly investing in AI capabilities, reflecting a broader transformation in business strategies driven by automation, generative AI,...
Bank of Baroda has reached a significant milestone in resolving one of the most complex international banking disputes in recent years by agreeing to pay approximately ₹5,700 crore to settle legal claims related to the collapse of NMC Health in Abu Dhabi. The settlement brings closure to a long-running financial dispute that involved several international...
In one of the largest technology outsourcing agreements announced this year, HCLTech has secured a landmark $1.14 billion strategic partnership with a Europe-based Fortune Global 50 enterprise. The long-term agreement is centered on accelerating artificial intelligence adoption, modernizing digital infrastructure, and building next-generation AI-powered business capabilities. The multi-year engagement marks another significant milestone for the...
The Kerala government has formally expressed concern to Adani Ports regarding the reported diversion of cargo handled by Mediterranean Shipping Company (MSC) from the strategically significant Vizhinjam International Seaport. The state administration has sought a detailed explanation from the port operator, emphasizing that such developments could affect the port’s growth prospects, operational efficiency, and long-term...
In a significant boost to India’s industrial and manufacturing ambitions, Adani Enterprises Limited (AEL) has announced a massive investment of ₹1.08 lakh crore in collaboration with International Holding Company (IHC) of the United Arab Emirates to establish a world-class aluminium manufacturing project in Odisha. The landmark investment is expected to transform the eastern state into...
Former US President Donald Trump has reported one of the most remarkable financial expansions of his business career, with his wealth increasing by more than $1 billion over the past year. The dramatic rise has largely been driven by his aggressive entry into the cryptocurrency industry, alongside sustained earnings from real estate, licensing agreements, branded...