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Global Market: Oracle's AI spending spree pushes credit rating to brink of junk statusOracle's debt-funded AI expansion has intensified concerns over its financial health, with rating agencies warning of rising leverage as th...
US stocks: Dow, S&P 500 close at record highs as AI earnings impress, oil prices tumbleStock markets soared to all-time highs on Tuesday, fueled by stellar earnings from corporations. AI-focused entities like Palantir and the ...
Palantir lifts annual revenue forecast on steady demand for AI-powered data analyticsPalantir Technologies has revised its annual revenue forecast upwards once more, attributing this back to robust demand from both governmen...
US stocks: S&P 500, Dow hit record highs on strong AI-linked earnings, Mideast deal hopesWall Street's S&P 500 index reached a new intraday record high on Tuesday. Upbeat artificial intelligence forecasts from Caterpillar and Pa...
Aimtron Electronics shares can rally to Rs 2,036? Here’s why Nuvama initiated coverage on the platform stockNuvama Wealth Management has initiated coverage on Aimtron Electronics with a Buy rating and a target price of Rs 2,036, implying nearly 47...
Mintoak acquires rewards fintech ICC Loyalty to expand bank platform in West Asia, AfricaBengaluru-based Mintoak has acquired Dubai's ICC Loyalty for consumer rewards technology. This acquisition was largely funded by Mintoak's ...
Singapore's Grab lifts annual forecasts as AI, incentives drive growthGrab has increased its annual revenue and profit forecasts for the upcoming year. Strong demand for ride-hailing and delivery services fuel...
Palantir lifts annual revenue forecast on steady demand for AI-powered data analyticsPalantir Technologies increased its annual revenue forecast significantly. Strong government and commercial demand fuels this optimistic ou...
Google shaves $50 million off HCLTech deal; 1,000 staffers to be redeployedThis is part of the $200 million annual project that HCLTech managed for Google as part of the application development and engineering work...
Federal Realty raises annual core profit forecast on strong leasing demandFederal Realty Investment Trust has upped its annual core profit outlook following impressive second-quarter results that exceeded expectat...
Suvendu Adhikari alleges Rs 15,000 crore revenue leak in Birbhum under TMC rule, accuses Mamata of complicityWest Bengal Chief Minister Suvendu Adhikari alleged a massive revenue leak in Birbhum district. He claimed this Rs 15,000 crore loss occurr...
US stocks: Amazon beats estimates for quarterly cloud revenue growthAmazon Web Services cloud revenue surged significantly, surpassing market forecasts. This strong performance was fueled by increased enterp...
Will aim to make Groww India's largest wealth platform: CEO Lalit KeshreThe ambition is backed by a rapid expansion in Groww’s affluent customer base. The number of active affluent users—defined by the company a...
Capgemini lifts 2026 revenue growth target on AI transformation demandThe company now expects annual revenue growth of 8.5% to 9% at constant currency, up from 6.5% to 8.5% previously.
Cognizant forecasts weak quarterly revenue amid cautious client spendingCognizant Technology has revised its third-quarter revenue projections, now falling short of Wall Street's expectations. The cautious stanc...
Oreo maker Mondelez beats second-quarter estimates on steady demandMondelez International exceeded revenue and profit expectations for the second quarter. Steady demand for biscuits and chocolates, along wi...
Lighthouse-backed Ferns N Petals eyes India IPO by 2028, targets 25% annual revenue growthFerns N Petals aims for an initial public offering by late 2028. The company plans to fund expansion and acquire other gifting brands. Annu...
Cadence raises annual forecasts as demand booms for AI chip designCadence now expects 2026 revenue to be between $6.26 billion and $6.34 billion, up from its prior projection of $6.13 billion to $6.23 bil...
Global Market: Shein slips to quarterly loss as US tariff changes weigh on sales ahead of Hong Kong IPOFast-fashion giant Shein reported a $99 million loss in Q1 2026, hit by slowing sales after the US ended duty exemptions for low-value impo...
IBM cuts annual revenue growth forecast as customers prioritize AI infrastructure spendingIBM reduced its annual revenue growth forecast on Wednesday. The company also missed profit and revenue expectations for the second quarter...