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Anthropic revenue rises 14 times to $16.3B in H1 2026
Anthropic's revenue surged 14-fold in H1 2026, highlighting potential growth opportunities for Indian IT firms like TCS, Infosys, and HCL Tech in enterprise AI implementation.
Why Toblerone parent has sued a British vegan chocolate brand
Mondelez International, the company behind the iconic Swiss chocolate bar Toblerone, has filed a lawsuit against British vegan chocolate brand Catherine's Originals.
Air India, IndiGo, Akasa's Saudi flights canceled till November
Major Indian and international airlines have extended their flight cancellations to several destinations in Saudi Arabia until November.
NYT says Jensen Huang targeted in Chinese intelligence plot
US officials suspect a Chinese businesswoman linked to Nvidia CEO Jensen Huang of passing intelligence to Beijing. Donald Trump was briefed on the matter but took no action.
India's Q2 growth pegged at 7.35%
India's economy is projected to grow at a rate of 7.35% in the second quarter (Q2) of the fiscal year 2026-27 (FY27), according to the Finance Ministry's latest economic report.
Anthropic CEO Dario Amodei pledges 80% equity to charity
Anthropic CEO Dario Amodei pledges 80% of his equity to philanthropy, utilizing donor-advised funds to maximize charitable impact while retaining voting rights on shares.
SEBI Chairman Tuhin Kanta Pandey plans easier IPOs and FPOs
SEBI Chairman Tuhin Kanta Pandey announced a review of the framework for IPOs, FPOs, and SME listings to enhance market accessibility and transparency.
Richkey Properties gifts Lamborghini Urus worth ₹4cr to Natalia Chavez
A Dubai real estate agent received a Lamborghini Urus worth up to Rs 4 crore for closing over $500 million in sales, highlighting her exceptional performance at Richkey Properties.
Cognizant trims growth to 4% to 4.4% despite $5.7B quarter
Cognizant Technology Solutions achieved a 4.8% year-on-year revenue growth in constant currency for Q3 2026, but narrowed its full-year growth guidance to 4-4.4%.
DoorDash reportedly buying Instacart for $17 billion amid competition
DoorDash has announced a $17 billion acquisition of Instacart, intensifying competition in the US grocery delivery market amid rising operational costs and regulatory scrutiny.
Indians can now buy US stocks through Groww, Zerodha
Groww is now allowing retail investors to invest in US stocks. The move comes as a response to the continued underperformance of the Indian market, giving investors a chance to diversify their portfolios.
Amazon, Intel release Q3 results as investors eye cloud AI
Amazon and Intel are set to announce their Q3 results today, with investors keenly watching AWS growth and Intel's foundry business performance amid rising AI investments.
Cognizant Q3 revenue rises 4.6% to $5.66B, shares tumble premarket
Cognizant reported a third-quarter revenue increase of 4.6% to $5.66 billion, exceeding Wall Street estimates and driven by strong growth in its financial services sector.
Equitas Bank shares crash as CEO quits over conflict concerns
Equitas Small Finance Bank's shares plummeted by nearly 16% on Thursday, following the resignation of its Managing Director and CEO, P N Vasudevan.
Gordon Brothers files for Poundland court protection, 12,000 jobs threatened
Poundland's owner is preparing to appoint administrators, endangering up to 12,000 jobs across the UK and Ireland as creditors' demands loom.
SEBI's Tuhin Kanta Pandey warns of WhatsApp, Telegram investment scams
SEBI chairman Tuhin Kanta Pandey cautions investors about fraudulent investment schemes on WhatsApp and Telegram, highlighting significant financial losses from misleading claims.
Laurus Labs's 2nd-quarter profit jumps 126% to ₹441 cr
Laurus Labs reported a net profit of ₹441 crore in Q2, more than doubling from ₹195 crore last year, with revenue rising 33% to ₹2,206 crore.
Ather is now worth 3.5 times Ola Electric
Ather Energy, a leading electric two-wheeler manufacturer, has witnessed an impressive surge in its stock price over the past week.
IKEA to open 2nd Bengaluru store at Purva Zentech
IKEA India is set to open its second Bengaluru store on November 5 at Purva Zentech, targeting customers from south Bengaluru and neighboring areas.
Kotak Mahindra Bank stock jumps 4.3% after September ₹5,645cr profit
Kotak Mahindra Bank shares rose 4.3% to ₹459, marking their highest level since April 2025, following a 26% jump in consolidated net profit for the September quarter.
Finance Ministry expects India economy to grow steadily through FY27
India's Finance Ministry reports that the economy is poised to sustain growth through FY27, despite global uncertainties and inflation risks, by focusing on price stability.
SEBI and RBI to simplify foreign investment rules in India
SEBI Chairman Tuhin Kanta Pandey announced collaboration with the Reserve Bank of India to streamline and expedite the process for foreign investors entering Indian markets.
SEBI makes direct mutual fund plans default on AMC platforms
SEBI Chairman Tuhin Kanta Pandey announced that direct mutual fund plans will become the default option on AMCs' digital platforms starting November 1, 2026.
Sensex gains 905.01 as Nifty crosses 22,900 on sector-led rally
Indian equity benchmarks surged on October 29, with the Nifty closing above 22,900 and the Sensex jumping 905 points, driven by gains in IT and banking stocks.
India's retail inflation 5.54% in September, food at 7.74%
Retail inflation in India rose to 5.54% in September, driven by a surge in food prices to 7.74%, as global energy price hikes threaten economic growth momentum.
Microsoft and Oracle rally on AI profits as Alphabet slides
Microsoft and Oracle gained investor favor with strong cash flow from AI investments, while Alphabet faced scrutiny over rising costs and slower search growth.
Vi launches prepaid family data sharing plan in India
Vodafone Idea (Vi) introduces India's first prepaid family plan, allowing data sharing among group members and offering up to 10% recharge discounts via the Vi app.
BLS Polymers IPO subscription crosses 45x on final day
BLS Polymers' initial public offering (IPO) witnessed strong demand on its last day of bidding.
Databricks doubles India revenue $7B run-rate amid AI model demand
Databricks is experiencing 100% year-on-year growth in India, outpacing its global rate, driven by increased enterprise AI adoption and interest in data control.
Airbnb pledges $0.10 per stay to Airbnb.org's $500 million 5-year goal
Airbnb announced a new funding model, pledging $500 million over five years to Airbnb.org by donating $0.10 per stay booked on its platform.
Alphabet shares tank 10% despite Google Cloud's 103% growth
Alphabet, the parent company of Google, has witnessed a sharp decline in its shares post the release of its third-quarter earnings.
Shell's Q3 profit doubles to $10.8B thanks to Iran war
Shell has reported a massive jump in its profits for the third quarter of 2026, driven by rising oil and gas prices due to the ongoing conflict in the Middle East.
ESIC's amnesty scheme ends December 31: Check your eligibility, benefits
The Employees' State Insurance Corporation (ESIC) has announced an extension for its New Amnesty Scheme 2025.
Why India's aviation industry is staring at ₹38,000cr loss
India's aviation industry is likely to witness a surge in net losses this fiscal year, with estimates ranging from ₹36,000 crore to ₹38,000 crore.
EPFO to soon invest in alternative investment funds
The Employees' Provident Fund Organisation (EPFO) is preparing guidelines to invest in alternative investment funds (AIFs). This comes five years after the government approved such investments.
Why Reliance is closing its Hamleys subsidiary in the UK
Reliance Industries's step-down subsidiary, Hamleys (Franchising) Ltd, is facing a voluntary strike-off from the UK company register.
This is Nike's 1st-ever running shoe made for India
Nike has unveiled its first-ever running shoe specifically designed for the Indian market.
ICICI Securities recommends Info Edge buy, sets ₹1,500 target
ICICI Securities maintains a buy rating on Info Edge, citing steady recruitment growth and promising new ventures, with a target price set at INR 1,500.
India's Finance Ministry projects 7.35% Q2 FY27 GDP growth
India's finance ministry estimates a 7.35% GDP growth for Q2 FY27, supported by robust industrial output and increased automobile sales, according to its latest economic report.
In New Delhi Uber unveils bike intercity and Quickstart
Uber has launched new features like Bike Intercity for enhanced earnings and WhatsApp onboarding for streamlined driver sign-ups, announced at the Uber Pragati event in New Delhi.
GDAI report finds Indian developers lack funding despite $1.04B market
The Game Developer Association of India (GDAI) released the GameDev Outlook 2026, emphasizing the need for stronger funding pathways for Indian game developers.
Government extends ESIC amnesty scheme until December 31 2026
The Ministry of Labour and Employment has extended the New Amnesty Scheme 2025 under ESIC by three months, allowing employers more time to settle disputes out of court.
Global silver prices have dropped over 53% since January 2026
Silver prices have plummeted over 53% from their January peak, driven by rising US interest rates, inflation concerns from crude oil prices, and a stronger dollar.
Motilal Oswal recommends Star Health, ₹690 target after Q2 performance
Motilal Oswal has issued a buy rating for Star Health, setting a target price of Rs 690, citing strong financial performance and growth prospects in its recent report.
Motilal Oswal backs Piramal Pharma after Q2 beat, ₹270 target
Motilal Oswal has issued a buy rating for Piramal Pharma, setting a target price of Rs 270, following its strong financial performance in 2QFY27.
Boston Consulting Group: AI-powered services could add $100-$200B by 2030
AI-led services are projected to generate up to USD 200 billion in net new work by 2030, according to a Boston Consulting Group report.
CureSkin posts FY26 revenue up 27.9% to ₹133cr, loss ₹35cr
CureSkin reported a revenue of Rs 133 crore and a reduced net loss of Rs 35 crore in FY26, driven by increased product sales and services alongside lower advertising costs.
Sridhar Ramaswamy questions Databricks's 80% growth, Ghodsi hints AI cooperation
Sridhar Ramaswamy of Snowflake questioned Databricks' 80% growth rate, prompting a response from CEO Ali Ghodsi, sparking varied reactions on social media.
Meesho expects over 30% merchandise value growth Oct-Dec 2026
Meesho anticipates its net merchandise value (NMV) to exceed 30% growth in the October-December quarter of 2026, driven by festive season sales.
Michael Burry warns of AI risks as Anthropic readies IPO
Investor Michael Burry highlights vulnerabilities in the AI industry, citing Anthropic's IPO papers as evidence of unsustainable growth and massive infrastructure commitments.
IIM Lucknow launches 2-year MBA in Family Business on iiml.ac.in
IIM Lucknow has introduced an MBA in Family Business course, with registration open on their official website until December 31, 2026.
Foreign investors flee stocks, but FDI into India jumps 43%
India witnessed a significant increase in net foreign direct investment (FDI) inflows during the April-August period.
Disney lays off hundreds of employees across theme parks division
Walt Disney Co. is laying off between 100 and 200 employees from its theme parks division, The Los Angeles Times reported.
Amazon pushes engineers to adopt AI and protect product quality
Amazon is urging its software engineers to integrate AI tools into their work while maintaining responsibility for customer outcomes, technical judgement, and product quality.
Alphabet posts 25% revenue jump, stock drops nearly 10%
Google CEO Sundar Pichai announced strong growth in search and cloud revenues, while Wall Street reacted negatively to increased AI spending and missed profit projections.
Times Business Awards in Hyderabad highlight need for entrepreneurship support
The 12th Times Business Awards Hyderabad 2026 highlighted the city's entrepreneurial spirit, recognizing innovators and leaders across diverse sectors for their contributions.
Tencent and Visa plan cross border payment solutions in China
Tencent and Visa are expanding their partnership in cross-border payments and AI commerce, following regulatory approvals for U.S. financial firms to expand operations in China.
Indian bonds edge up as oil and US yields ease
Indian government bonds rose as a rally in US Treasuries and lower oil prices provided support, despite upcoming large bond sales and a weakening rupee limiting gains.
Carlsberg India files updated IPO papers with SEBI
Carlsberg India, the Indian subsidiary of Danish brewing giant Carlsberg, has filed updated draft papers with the Securities and Exchange Board of India(SEBI) for its initial public offering (IPO).
Indian Railways revises variable dearness allowance for contract workers
The Railway Board has announced a revision in the Variable Dearness Allowance for contract workers, effective October 1, 2026, covering various employment categories.
Rocket Learning reaches 7 million children with WhatsApp and AI
Rocket Learning, founded in 2020, leverages WhatsApp and AI to transform early childhood education in India, reaching 7 million children across 15 states and Union Territories.
Anthropic flags visa risk from Trump administration in SEC filing
Anthropic cautions that its advocacy for AI safety and regulation might lead to targeted immigration actions by the Trump administration, affecting employee visas.
Australian regulator probes failed $5B Firmus IPO
Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), is looking into the failed $5 billion initial public offering (IPO) of AI data center operator Firmus.
India's AI startups drew $5 billion PE funding in 2025
Private equity investors are increasingly optimistic about India's AI ecosystem, with investments tripling in 2025 and continuing to grow in 2026.
Adani Group shares rise 3% after Q2 profits adding ₹23,000cr
Adani Group stocks rose up to 3%, boosting their market capitalisation by Rs 23,000 crore, driven by strong Q2 results and optimistic brokerage forecasts.
Jio Platforms raises ₹302 billion in IPO, shares jump 27%
Jio Platforms Ltd.'s successful IPO has invigorated investor confidence, encouraging more large companies in India to consider public listings amid a robust market environment.
V Anantha Nageswaran compares 2025-26 to 1991, urges resilience
Chief Economic Advisor V Anantha Nageswaran highlights 2025-26 as a pivotal period for India, akin to the transformative economic shift of 1991.
Piyush Goyal says India-US portal has about 3,500 registrations
Commerce and Industry Minister Piyush Goyal announced that the Trade Facilitation Portal has recorded approximately 3,500 registrations shortly after its launch.
India bundles labor laws, raises provident fund cap to ₹25,000
Recent labour reforms in India are challenging staffing companies with increased compliance costs and changes in payroll structures, reshaping contract staffing dynamics.
Jefferies gives NSE 'Buy' rating and ₹2,085 target on Thursday
Shares of the National Stock Exchange of India rose after Jefferies initiated coverage with a 'Buy' rating, setting a target price of ₹2,085, indicating over 16% upside.
Kissht profits doubled to ₹125CR this quarter year on year
Kissht reported a 44.7% increase in operating revenue to Rs 732 crore, with profits more than doubling to Rs 125 crore in Q2 FY27.
Shocker! Around ₹35cr missing from PNB accounts in Greater Noida
Around ₹35 crore has allegedly gone missing from savings accounts and fixed deposits at a Punjab National Bank (PNB) branch in Greater Noida's Aichhar area.
SpaceXSI will buy your home in US under this condition
Residents of a Mississippi neighborhood are being offered deals by Elon Musk's artificial intelligence (AI) firm, SpaceXSI.
Zomato's 'Mehmaan mode' to hide prices during group orders
Zomato, the popular food delivery platform, is gearing up to introduce a novel feature called 'Mehmaan mode.'
Microsoft July to September revenue up 19% Azure jumps 48%
Microsoft reported a 19% revenue increase to $92.3 billion, with CEO Satya Nadella expressing unprecedented confidence, as cloud and AI advancements fuel growth.
Australia's ASIC looks into why NVIDIA-backed Firmus's $5B IPO failed
Australia's corporate regulator is examining the failed $5 billion IPO of AI data center operator Firmus, which collapsed on October 9 due to insufficient investor support.
Samsung boosts chip investment to $63 billion after sellout
Samsung Electronics plans to increase capital expenditure by over 60% this year after selling out high-end chips for 2027, aiming to capture market share from competitors.
Spot gold slips as Fed holds rates at 3.75%-4.00%
Gold prices fell 0.7% as investors evaluated Federal Reserve signals and awaited key US inflation data, with spot gold at $4,037.98 per ounce by 0410 GMT.
Gold slips as Fed keeps rates at 3.75% to 4%
Gold prices fell as investors evaluated Federal Reserve signals, with spot gold sliding 0.7% to $4,037.98 per ounce ahead of key US inflation data.
Utah charges prediction platform Kalshi with illegal online gambling
Utah has filed criminal charges against prediction market platform Kalshi, accusing it of promoting illegal gambling, with 14 charges including a felony for unlawful activity.
India's net FDI rose 43.3% to $13.79B for April-August 2026
Net foreign direct investment (FDI) inflows into India increased by 43.3% to $13.79 billion during April-August, up from $9.62 billion in the same period last year.
Amazon cuts 250 jobs in devices unit
Amazon has laid off around 250 employees from its devices and services unit. The decision comes after a series of product launches, including new Kindle e-readers and tablets.
Jio shares jump 5% after 21% IPO debut
Jio Platforms' shares witnessed a massive surge, jumping another 5% on Thursday.
Antala Industries opens SME IPO at ₹63-67 and seeks ₹23.33cr
Antala Industries' Rs 23.33 crore SME IPO opens today, with a price band of Rs 63–67 per share, closing on November 2, 2026.
Shapoorji Pallonji Group to reissue $200 million rupee bonds for repayment
Shapoorji Pallonji Group aims to raise $150 million to $200 million through private credit to address mounting debt obligations and repay creditors of its units.
William Lee warns AI boom driven by debt risks instability
Economist William Lee warns that AI-driven capital spending, increasingly funded through opaque private debt, poses systemic risks as interest rates are expected to rise further.
US employee engagement drops to 29% lowest since 2011
Gallup's latest poll reveals U.S. employee engagement fell to 29% in Q3 2026, marking the lowest level since 2011, with remote and hybrid workers most affected.
AI attacks steal ₹300cr from India's small NBFCs
India's non-banking financial companies (NBFCs) have suffered an estimated loss of ₹300 crore due to a spate of recent cyberattacks, as per a report by the Economic Times.
Jio Platforms jumps 5% to ₹1,482.70 after strong IPO
Jio Platforms shares jumped 5% on Day 2, following a strong debut with a 27% gain. Analysts recommend buying, citing market leadership and growth potential.
Indian stock market flat as Nifty hovers at 22,703.70
Indian stock markets opened cautiously on Thursday, with Nifty at 22,700 and Sensex trading flat amid global uncertainties and fluctuating crude oil prices.
Traders watch $11B bitcoin options expiry on Deribit Oct 30
Bitcoin traders anticipate increased volatility as $11 billion in options expire this week, coinciding with US midterm elections that could further impact crypto markets.
US Fed keeps rates unchanged after September hike
The US Federal Reserve has decided to keep its benchmark interest rate unchanged, a move that came as little surprise given the persistent inflationary pressures.
Brent $114.50, WTI $101.90 fall amid US Iran peace talks
Crude oil prices declined as potential US-Iran diplomatic engagement offered relief, despite ongoing supply risks from escalating Middle East tensions and recent Houthi attacks.
How Indians can buy US stocks via apps under LRS
Indian investors can access US stocks via apps, involving currency conversion and international brokerage. Understanding routes, costs, and risks is crucial for informed investing.
Zomato launching 'Mehmaan' mode hiding prices during group orders
Deepinder Goyal announced the rollout of Zomato's 'Mehmaan mode' after a LinkedIn user suggested hiding menu prices during group orders to avoid guest embarrassment.
Why Samsung shares crashed despite $80B profit in Q3
Samsung Electronics has posted a record operating profit of 107.4 trillion won (around $80.04 billion) for the third quarter of this year.
Zoho founder Sridhar Vembu: AI boosts output, opens new roles
Sridhar Vembu warns that AI enables one person to perform the work of ten, urging readiness for significant shifts in the job market.
Carlsberg India files IPO after SEBI nod profits up 22%
Carlsberg India Ltd has filed updated draft papers with Sebi for an IPO, offering up to 8.64 crore equity shares through an offer for sale by South Asian Breweries Pvt Ltd.
Microsoft earned $10B from OpenAI partnership
Microsoft has reported a whopping $10 billion in revenue from its commercial agreements with OpenAI for the quarter ending September 30.
Microsoft posts record revenue for 10th consecutive quarter, hits $92.3B
Microsoft has announced its latest quarterly earnings, posting a record revenue of $92.3 billion, an impressive 19% growth from the same period last year.
Gift Nifty hints 100-point drop, Indian markets likely lower
Gift Nifty at 22,660 suggests a gap down opening of about 100 points for Nifty, as Indian stock markets brace for volatility amid mixed global cues and Q2 earnings announcements.
Jensen Huang calls Germany Japan China top tech manufacturing countries
Nvidia CEO Jensen Huang identifies Germany, Japan, and China as global leaders in technology and manufacturing, excluding the US due to its export of heavy manufacturing.
Samsung posts record Q3 profit, warns of 2027 memory-chip shortage
Samsung Electronics reported a record operating profit of 107.4 trillion won, but shares fell nearly 5% as the company warned of a deepening memory chip shortage by 2027.
Coca-Cola to list Hindustan Coca-Cola Holdings in Q2 2027
Coca-Cola is progressing with its plans to list Hindustan Coca-Cola Holdings, targeting a $1 billion IPO by the second quarter of 2027.
Microsoft reveals Azure generated over $33B in quarterly revenue
Microsoft has revealed the dollar value of its cloud computing platform, Azure, for the first time.
Alphabet, Samsung report weak earnings as investors question AI spending
Technology shares fell sharply after disappointing earnings from Alphabet and Samsung, raising concerns about the sustainability of massive investments in artificial intelligence.
PNB suspends Greater Noida Accher branch staff over ₹12cr fraud
Punjab National Bank suspended all employees of its Accher branch after farmers alleged ₹12 crore was fraudulently transferred from their accounts, prompting a CBI investigation.
US oil nearly 1% lower at $101.86 amid Mideast tensions
US West Texas Intermediate crude prices dropped 0.9% to $101.86 a barrel as escalating Middle East conflicts threaten regional energy supplies and investor confidence.
Delhi gold climbs to ₹1.46L per 10g after Fed pause
Gold futures climbed to $4,073.70 per ounce, rising 0.55%, while silver increased by 0.99% to $54.195 per ounce after the US Federal Reserve kept interest rates unchanged.
Kevin Warsh says Fed may raise interest rates over inflation
Federal Reserve Chairman Kevin Warsh hinted at future interest rate increases, citing a strong economy and persistent inflation, while maintaining flexibility in policy decisions.
EPFO considers 3% of new PF deposits for SEBI-approved AIFs
The Employees Provident Fund Organisation (EPFO) plans to invest up to 3% of its annual funds in category I and II Alternate Investment Funds (AIFs) to boost returns.
Noel Tata demands clarity on ₹23,000cr Tata Sons deals
Noel Tata, chairman of Tata Trusts, has urged for detailed assessments of large investments by Tata Sons, emphasizing the need for clear business cases and risk evaluations.
Persistent Systems to raise over ₹6,000cr NCDs for Nagarro acquisition
Persistent Systems plans to raise over ₹6,000 crore through non-convertible debentures to finance its acquisition of Germany's Nagarro SE, replacing short-term bridge financing.
Samsung reports Q3 profit surge on AI memory chip demand
Samsung Electronics' third-quarter operating profit aligned with analysts' expectations, driven by increasing demand for advanced memory chips in AI applications.
Nike unveils Vegam Run, 1st running shoe designed for India
Nike has launched Vegam Run, its first running shoe designed for the Indian market, available on Flipkart from November 1, aiming to boost growth amid global challenges.
MSCI Asia Pacific up 0.3% as US Federal Reserve holds
Asian shares rose as investors evaluated tech earnings and the Federal Reserve's interest rate stance, with Japan’s Nikkei 225 and South Korea’s Kospi leading gains.
India's SEBI to relax FPI rules, Tuhin Kanta Pandey says
Sebi plans to release a consultation paper to refine compliance requirements for foreign portfolio investors, aiming to align them with global standards.
AI driven cyberattacks cost Indian NBFCs ₹300cr in 2 months
Recent AI-driven cyberattacks have led to a ₹300 crore loss for India's smaller non-banking financial companies, exploiting their weak cybersecurity infrastructure.
Indian Motorcycle hiring about 70, mostly for Spirit Lake plant
Indian Motorcycle is hiring 70 new employees, including 60 manufacturing roles in Spirit Lake, Iowa, after letting go of approximately 70 staff across various divisions.
Microsoft stock jumps after earnings as Azure grows 48%
Microsoft's stock increased over 2% in after-hours trading following a strong earnings report, but concerns linger about the company's $45.2 billion capital expenditure.
SK Hynix rally lifts AI chip stocks after strong earnings
Jim Cramer highlighted SK Hynix's impressive earnings as evidence that AI stocks can rally, citing low valuations and strong demand as key factors driving investor optimism.
Alphabet shares tumble above 10% after $9.07B negative cash flow
Alphabet's shares fell over 10% after missing profit and revenue expectations, with AI spending accelerating cash burn and resulting in negative free cash flow of $9.07 billion.
Microsoft posts $92.3B revenue, over $36.6B profit, offers 60,000 buyouts
Microsoft announced a quarterly revenue of $92.3 billion, surpassing expectations, shortly after offering voluntary buyouts to 60,000 employees to focus on AI investments.
Alphabet readies Q3 results, revenue expected at $128.2B, investors nervous
Alphabet is poised to announce its third-quarter earnings, with analysts anticipating a 25% revenue increase despite investor anxiety over rising AI-related costs.
Microsoft earned $10 billion from OpenAI in Q1 fiscal 2027
Microsoft reported $10 billion in revenue from commercial arrangements with OpenAI for the quarter ending September 30, highlighting their significant financial ties.
Microsoft and Alphabet capital spending misses rattle neocloud stocks
Shares of CoreWeave and other neoclouds fell after Microsoft's capital expenditures missed analyst expectations, signaling potential delays in data center capacity delivery.
Microsoft up 2% after-hours as Alphabet falls 9% on $9.07B
Alphabet shares dropped 9% due to negative cash flow, while Microsoft rose 2% on strong earnings. Chipotle gained over 5%, but ServiceNow and Fortinet saw significant declines.
Microsoft Q1 FY2027: $92.3B revenue and $33.6B net, Azure-led
Microsoft's Q1 2027 results highlight a 30% year-over-year increase in cloud revenue, driven by Azure and Microsoft 365, as the company revamps its financial reporting structure.
Alphabet posts 25% revenue jump to $127.6 billion, Q3 2026
Alphabet reported $127.6 billion in revenue for Q3 2026, marking a 25% increase from the previous year, driven by strong growth in AI and cloud services.
US Federal Reserve holds rates at 3.75% to 4.00%
US Federal Reserve Chairman Kevin Warsh stated that politics did not influence the decision to hold interest rates steady ahead of the midterm elections.
Kevin Warsh: US economy strong, AI investment rising, Fed holds
Federal Reserve Chairman Kevin Warsh stated that the US economy is not overheating despite increased demand from AI investments, maintaining steady interest rates.
Anthropic files for IPO as Polymarket and Kalshi see surge
Prediction markets are buzzing with activity as traders place binary bets on Anthropic's IPO valuation and listing venue, following the company's recent filing.
US FTC probes Walmart, Uber, Target over personal data pricing
The FTC is demanding data from Walmart, Uber, Target, and others to examine how they use personal data for personalized pricing and wage setting.
Vedanta cuts ₹4,624cr debt while profit jumps 151% to ₹6,202cr
Vedanta reduced its debt by ₹4,624 crore in the September quarter, while net profit soared by 151%, reflecting strong financial performance and strategic debt management.
CFTC Chair Mike Selig says AI could reshape financial markets
CFTC Chairman Mike Selig highlights the regulatory challenges posed by AI in trading while envisioning its potential to revolutionize financial markets through increased autonomy.
Amazon announces about 250 layoffs in devices and services division
Amazon has confirmed cutting 250 jobs in its devices division, following the elimination of 1,000 positions in its core retail sector earlier this month.
AI to remake accounting as PE reshapes firm ownership
AI is set to end hourly billing at accounting firms, while private equity reshapes ownership, says Eisner Advisory CEO Charles Weinstein, signaling a major shift in the industry.
Modi government approves ₹1,856cr scheme to boost sports goods manufacturing
The Union Cabinet, led by Prime Minister Narendra Modi, has approved a ₹1,856 crore scheme to boost sports goods manufacturing in India.
Maharashtra will become $1T economy by 2030, says Devendra Fadnavis
Maharashtra is poised to become a $1 trillion economy by 2030, Chief Minister Devendra Fadnavis said today.
Piyush Goyal's speech on Indian work culture slammed by netizens
Union Commerce Minister Piyush Goyal's recent remarks at the India-Netherlands Business Forum have drawn widespread criticism on social media.
Ixigo co-founder announces ₹1cr fund to back IIT Kanpur graduates
Rajnish Kumar, co-founder and group Co-CEO of ixigo, has launched a ₹1 crore fund to support graduating students from the Indian Institute of Technology (IIT) Kanpur.
Vedanta's Q2 profit jumps 78% to ₹6,202cr
Vedanta Limited has reported a 78% year-on-year (YoY) surge in its consolidated net profit for the September quarter.
Jio joins Meta and Alibaba in $100B IPO club
Jio Platforms has joined an elite club of founder-led companies with a market capitalization of over $100 billion at the time of their initial public offering (IPO).
Noel Tata to retire from boards of 6 Tata companies
Noel Tata, the chairman of Tata Trusts, will retire from the boards of six major Tata Group companies on November 12.
Anthropic IPO: How Indians can invest in Claude maker
Anthropic, the artificial intelligence (AI) start-up behind the popular chatbot Claude, is gearing up for its initial public offering (IPO) on Nasdaq.
India's industrial growth slows to 6.7% in September
India's Index of Industrial Production (IIP) for September has grown at a rate of 6.7%, down from August's 8%.
Adani Enterprises Q2 results: Profit down 55% YoY to ₹1,492cr
Adani Enterprises has reported a sharp decline in its consolidated net profit for the second quarter of FY27.
Anthropic sued for illegally training Claude on Stanford professors' works
Anthropic, a leading player in the artificial intelligence (AI) space, has been accused of illegally using the works of over 10 Stanford University professors to train its Claude models.
Modi government to approve ₹10,000cr scheme for making shipping containers
The Union Cabinet is likely to approve the ₹10,000 crore Container Manufacturing Assistance Scheme (CMAS).
DA for Indian government employees hiked by 3%
The Indian government has announced a hike in the dearness allowance (DA) for its employees.
India and Mexico to start negotiations for preferential trade agreement
India and Mexico have signed the terms of reference for a preferential trade agreement (PTA) today.
Reliance overtakes Tata as India's most valuable group
Reliance Group has become India's largest conglomerate by market capitalization, after its subsidiary Jio Platforms debuted on the stock exchange.
Jio shares list at 21% premium: Buy, sell or hold?
Jio Platforms made a strong debut on the stock market on Wednesday. The company's shares were listed at ₹1,359 on both BSE and NSE, a 21.36% premium over its IPO price of ₹1,119 per share.
Sensex falls over 800 points, Nifty below 22,600 mark
India's benchmark indices opened lower on Wednesday, with the Sensex and Nifty falling by as much as 1%. The fall is mainly attributed to rising crude prices and other global factors.
SK Hynix Q3 profit surges 632% to record $63B
South Korean chipmaker SK Hynix has reported a stellar performance in the third quarter of 2026.
OPEC+ likely to maintain oil output targets for December
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, are likely to maintain their December oil production targets.
Greater Noida's upcoming AI, robotics park to create 1L jobs
The Uttar Pradesh government has announced plans to set up a state-of-the-art robotics and artificial intelligence (AI) park in Greater Noida.
Maruti Suzuki Q2 profit tanks 26% to ₹2,466cr
Maruti Suzuki India has reported a 26.4% year-on-year decline in its consolidated net profit for the second fiscal quarter.
Kylian Mbappe loses Chinese sponsorships over alleged Mao joke
French football star Kylian Mbappe has lost several sponsorship deals with major Chinese brands.
Jio, Airtel lead India's 7.2M telecom subscriber additions
India's telecom market witnessed a significant surge in subscribers last month, according to data released by the Telecom Regulatory Authority of India(TRAI).
E20 controversy 'paid campaign': Gadkari after Centre clears E100 pathway
Union Road Transport Minister Nitin Gadkari has dismissed the controversy over 20% ethanol-blended petrol, also known as E20 fuel, calling it a "paid campaign."
iPhone demand cools in India as festive sales fall 30%
Apple's iPhone has witnessed a significant drop in sales during the festive season, with reports suggesting a decline of up to 30%.
New ₹1,000 banknote with a temple image is fake
A new ₹1,000 currency note with a temple image has been doing the rounds on social media.
Why some PNB accounts will be closed after November 10
Punjab National Bank (PNB) has announced its decision to shut down certain accounts after November 10.
ByteDance founder Zhang Yiming is China's richest person again
Zhang Yiming, the founder of ByteDance, has reclaimed the top spot on China's rich list.
Investment giant Blackstone opens new global capability center in Bengaluru
US-based alternative asset manager Blackstone has opened its second office in India.
Oil slips below $115 as Saudi and Iran discuss de-escalation
Crude oil prices continued their downward trend on Tuesday, with the global benchmark Brent Crude trading at $114.94 per barrel, a 0.73% decline.
Anthropic flags 'catastrophic risks' from AI ahead of major IPO
Anthropic has warned that advanced AI systems could pose "catastrophic or existential risks to humanity." The warning comes as the firm prepares for its upcoming stock market listing in the US.
Trade deals unlocking 76% of global GDP for India: Goyal
Commerce and Industry Minister Piyush Goyal has said that India's growing network of trade agreements could significantly boost economic growth, attract investments, and create jobs.
You can now open an NPS account on PhonePe
PhonePe has unveiled a new feature called Tatkal NPS.
DoorDash might buy grocery delivery platform Instacart for around $17B
Food delivery giant DoorDash is said to be in advanced talks to acquire grocery delivery platform Instacart.
Netflix hires former Apple executive to boost podcast catalog
Netflix has hired Steve Wilson, a former Apple Podcasts executive, to lead its podcast content acquisition.
L&T bags contracts for Dhaka metro worth ₹5,000-10,000cr
Larsen & Toubro (L&T) has bagged design-and-build contracts worth ₹5,000 crore to ₹10,000 crore for Bangladesh's first underground metro project.