The world is on the brink of a technological revolution, and businesses everywhere are eager to leverage artificial intelligence (AI) to transform their operations. Srini Pallia, CEO and managing director of Wipro, underscored this in the company’s annual report for 2023-24. Wipro’s AI-Driven Ecosystem: ai360 Last year, Wipro launched ai360, an AI-first ecosystem supported by…
Goldman Sachs Sees Gold Surging to $4,900 by December 2026; Oil Prices Projected to Drop, Copper Still a Long-Term Favorite Goldman Sachs has forecasted that gold prices could soar to $4,900 per ounce by December 2026, representing roughly a 14% increase from current levels. The bank attributes this anticipated rise to strong central bank demand and supportive monetary policies, including potential…
Build Your Website in Minutes with One-Click Import – No Coding Hassle!
KPIT Technologies shares dropped over 5% on Tuesday after the company released a cautious mid-quarter update, highlighting persistent uncertainty in the business environment. Shares of the Pune-based automotive IT firm declined as much as 5.11% on the BSE, hitting an intraday low of ₹1,319.70 despite an overall positive market trend. On the National Stock Exchange,…
India must disengage from ongoing trade negotiations with the United States and adopt a more calculated approach akin to that of nations such as China and Canada, according to the Global Trade Research Initiative (GTRI). The organization asserts that Washington is mounting significant pressure on New Delhi to acquiesce to trade stipulations that overwhelmingly serve…
In a recent development, SoftBank has divested an additional 2 percent stake in One97 Communications Ltd, the parent company of Paytm, through open market operations. This move, which took place over the past month, has generated approximately $300 million for SoftBank. SoftBank’s Stake Sale Impacts Paytm’s Share Price The share price of One97 Communications Ltd…
At the CNBC-TV18 Global Leadership Summit, Raamdeo Agrawal, Chairman and Co-founder of Motilal Oswal Financial Services, expressed confidence in the resilience of India’s markets and future potential for the Nifty index. Despite the current slowdown in earnings growth, Agrawal emphasized that this downturn is only temporary, and he expects a revival within the next six…
Indian IT stocks face a turbulent day as Accenture revises its revenue forecast downwards, leading to pessimism from analysts. Indian IT Sector Reacts to Accenture’s Revenue Guidance Cut The recent downward revision in revenue guidance by Accenture has sent shockwaves through the Indian IT sector, sparking concerns about the pace of revenue recovery. Market Response:…
In a world teeming with ambitious entrepreneurs and startups, the journey to success is often an arduous one. Many aspire to become the next big thing, but the unfortunate truth is that a whopping 90% of startup CEOs are struggling and failing. In this article, we will delve deep into the underlying factors contributing to…
The Reserve Bank of India (RBI) is expected to transfer a dividend of between Rs 85,000 crore and Rs 1 lakh crore to the government for FY25, driven by anticipated higher interest income from foreign securities, according to economists. The RBI’s board is meeting today to finalize the dividend payout. Budgeted and Revised Estimates The…
