BSE 500 companies revenues flat but profits zoom
New Delhi, Nov 21 - The 2QFY24 results of BSE-500 Index companies showed further weakness in revenues (0.7 per cent yoy decline ex-BFSI), even as earnings growth remained robust (47 per cent yoy), Kotak Institutional Equities said in a report.
Elections slow capex order inflows
New Delhi, Nov 21 - The busy elections season in the next six months is leading to a moderation in new capex activity, as per new projects data, and it is slowing order inflow momentum for large projects especially in capital goods, railways
IT hiring remains muted, talent with functional skills surges in Q2: Report
New Delhi, Nov 21 - The recruitment for the IT sector has remained muted, while the demand for talent with functional skills such as Development, ERP, Automotive Design, Testing, and Administration, among others, has surged in the second quarter (Q2) of FY24, a
Weakening Chinese growth prospects will weigh on commodities
New Delhi, Nov 21 - The range bound movement of the market is likely to be broken with an upward move soon, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
US SEC sues crypto trading platform Kraken
Washington, Nov 21 - The US Securities and Exchange Commission (SEC) has charged crypto trading platform Kraken for operating as an unregistered securities exchange, broker, dealer and clearing agency.
Fintech startup Kiwi raises $13 mn led by Omidyar Network India
Bengaluru, Nov 21 - Homegrown fintech startup Kiwi on Tuesday said it has $13 million (about Rs 108 crore) in a Series-A funding round led by Omidyar Network India.
Salesforce CEO offers jobs to any OpenAI researcher who has quit
New Delhi, Nov 21 -Enterprise software major Salesforce’s Chair and CEO Marc Benioff on Tuesday offered jobs to any OpenAI researcher who has tendered resignation and their immigration is impacted, as more than 500 OpenAI staffers threaten to quit after Microsoft hired former
Fire breaks out at SK On’s EV battery plant during pilot run in China
Seoul, Nov 20 - A fire broke out at SK On’s electric vehicle (EV) battery factory during a test run in China, but no fatalities were reported, the company said on Monday.
‘Now they will have to use Teams’: Musk as Altman, Brockman join Microsoft
New Delhi, Nov 20 - As Microsoft Chairman and CEO Satya Nadella hires former OpenAI CEO Sam Altman and co-founder Greg Brockman, tech billionaire Elon Musk has had a humorous take on the situation.
With four new heavy duty trucks VE Commercial Vehicles to grow market share and turnover
Chennai, Nov 20 - Growing the market share steadily, filling up the gaps in its product portfolio with the launch of four heavy duty trucks, commercial vehicle maker VE Commercial Vehicles Ltd will be closing this fiscal with a handsome topline growth, said
JGU Vice Chancellor C. Raj Kumar receives inaugural Dr Pritam Singh Transformational Leader Award 2023
Noida, Nov 20 - The Dr Pritam Singh Transformational Leader Award 2023, which is awarded to serving Vice Chancellor/Director for leadership excellence contributing to the Indian Higher Education, has been bestowed on Prof. (Dr.) C Raj Kumar, the Founding Vice Chancellor of O.P.
OpenAI shuts doors, Satya Nadella opens new one for Sam Altman (Lead)
San Francisco, Nov 20 - Putting an end to the high-voltage drama that started last Friday, Microsoft Chairman and CEO Satya Nadella on Monday announced to hire former OpenAI CEO Sam Altman and co-founder Greg Brockman to help the company pursue its advanced
Satya Nadella hires Sam Altman for Microsoft’s advance AI research
San Francisco, Nov 20 - In another dramatic development, Microsoft Chairman and CEO Satya Nadella on Monday announced the company is hiring former OpenAI CEO Sam Altman and co-founder Greg Brockman to pursue its advanced AI research.
Dunzo shifts employee accounts from Google Workspace to Zoho to lower costs: Report
New Delhi, Nov 20 - Quick-grocery delivery provider Dunzo has shifted all employee accounts from Google Workspace to Zoho in order to bring down costs, media report said on Monday.
Social media giants ‘big, bad monsters’: US Families suing Big Tech
San Francisco/London, Nov 20 -Hundreds of families are suing social media giants like TikTok, Snapchat, YouTube and Meta (parent company of Instagram and Facebook) in the US and they feel the tech companies as "big, bad monsters".
Unsecured lending may now see much slower growth for few months
New Delhi, Nov 20 - With many new players entering the unsecured lending segment, specifically dependent on app-based lending, the segment may now see a much slower growth for at least a few months, Motilal Oswal Financial Services said in a report.
TCS’ global solution to help ASX better serve Australian market
New Delhi, Nov 20 - Tata Consultancy Services (TCS) on Monday said it has signed an agreement with Australia’s primary securities exchange, ASX, to provide clearing and settlement platform to service the Australian market.
Sam Altman won’t return as OpenAI CEO as deal falls apart: Report
San Francisco, Nov 20 - The deal to bring Sam Altman back as OpenAI CEO has reportedly fallen apart and former Twitch CEO Emmett Shear is likely to be appointed as interim CEO at ChatGPT developer.
$173 mn lost in crypto so far in November: Report
New Delhi, Nov 20 - The month of November has witnessed a loss of $173 million in cryptocurrency so far, with two incidents making up 91 per cent of the losses.
Retail investor exuberance pushing up broader market
New Delhi, Nov 20 - Retail investor exuberance is pushing up the broader market. Investors should not be blinded by the recency bias and chase small caps running away without fundamental support, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.