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Meta misses profit expectations, sticks to massive AI spendingThe Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter ended June 30, down from $8.55 bill...- Indian employees AI-ready, but enterprise workflows holding them back: ReportMost Indian employees find AI improves their daily work experience significantly. However, only a third see AI embedded deeply within core ...
- Capgemini sees multi-year IT modernisation boom as firms prepare for AICapgemini's CEO Aiman Ezzat highlighted legacy systems as AI adoption's main hurdle. Companies must modernize data and infrastructure for e...
- BMW CEO vows to overhaul business after disappointing first halfThe company's forecast range of 1% to 3% for its core operating margin includes a 1.25 percentage-point burden from workforce restructurin...
- 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.
- Redington shares rally 15% after Q1 profit surges 77%; revenue rises 35% YoYRedington Ltd shares surged after the company reported a strong Q1 FY27 performance, with net profit jumping 77% YoY to Rs 486 crore on rec...
- ET Prime Special Series: Multibagger or IBC - Part 69: Can new businesses bridge the gap before EVs reshape the core?This old auto ancillary manufacturer has integrated plants, a long operating history, and stable group ownership. FY26 brought higher reven...
- Reckitt's India business grows in high single-digitReckitt reported high single-digit growth for its India business during the April-June quarter. Germ protection, intimate wellness, and hou...
- Waaree Energies Q1 Results: Net profit rises over 15% to Rs 892 croreWaaree Energies has reported a profit increase of 15.39 percent for the June quarter, fueled by higher revenues that bolstered its financia...
- Global Market: Deutsche Bank Q2 profit rises 10% as investment banking strength offsets higher costsDeutsche Bank reported a stronger second quarter with a 10% net profit increase. Its global investment banking division showed robust perfo...
- L&T shares rise 4% after Q1 earnings. Why Goldman Sachs, other brokerages remain bullish?Larsen & Toubro (L&T) shares climbed after the company reported a 14% YoY rise in Q1 FY27 net profit to ₹4,123 crore. Revenue from operatio...
- Tata Capital Q1 Results: Net profit jumps 56% YoY to Rs 1,547 crore, revenue up 15%Tata Capital announced a substantial net profit increase of over 56 percent. Revenue from operations also saw a healthy rise of more than 1...
- US core capital goods orders climb 0.9% in June, beats expectationsU.S. manufacturing showed resilience in June with increased equipment investment. New orders for capital goods excluding aircraft rose sign...
- HSBC to hire 100 AI specialists, 100 wealth managers in boost to Singapore hubHSBC plans to hire more than 200 professionals in Singapore, including AI specialists and wealth managers, as part of its strategy to expan...
- Onida looks to monetise realty assets for revivalOnida Electronics is monetising its real estate portfolio to raise crucial funds. The company plans to revive its iconic television brand a...
- Coforge secures over $230 million AI transformation contractCoforge announced a significant five-year contract valued over $230 million. This AI-led transformation engagement is with a major European...
- Tata Consumer Q1 Results: Net profit rises 28% YoY to Rs 427 crore, revenue up 12%FMCG major Tata Consumer Products on Friday reported a consolidated net profit of Rs 427 crore for the April-June quarter of FY27, marking ...
- SAP CFO says AI must move beyond chatbot 'low-hanging fruit' before seeing returnsCompanies have poured money into generative AI but are still seeking evidence of broad productivity gains, and SAP is arguing that the re...
- Databricks expands Microsoft Azure partnership, to use more custom chipsDatabricks will extend its Microsoft partnership through the 2030s. The company will increase its use of the Azure platform and Microsoft's...
- Nestlé to pocket $3.43 billion with water business overhaulNestlé will receive approximately three billion euros from its global water business joint venture. This new company, named Peranel, will h...
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