Tata Consultancy Services is investing heavily in artificial intelligence and data centres. This move aims to build new capabilities for global companies. The company plans to create 1 gigawatt of data centre capacity. This initiative is a strategic response to slowing revenue growth. TCS is also acquiring ListEngage to boost its Salesforce platform.Read More
Canara HSBC Life Insurance is set to raise ₹2,518 crore via an offer for sale, reducing promoter stake to 62%. Despite a lower Value of New Business margin due to high operating expenses, the company’s discounted valuation makes it an attractive prospect for long-term investors eyeing the insurance sector. Its embedded value has seen significant growth.Read More
Asian equities opened lower, mirroring a pause in US stock rallies amid concerns over stretched valuations. While South Korea’s Samsung Electronics surged, other markets saw declines. Investors are reassessing gains spurred by AI-linked tech stocks, with some analysts suggesting a potential bubble, though others point to sustained earnings power.Read More
Indian stock markets saw a rebound on Thursday. Key companies like TCS, Tata Elxsi, Sammaan Capital, Waaree Renewable, and Signature Global are under the spotlight today. TCS reported its Q2 profit, while Tata Elxsi announced its results. Sammaan Capital is subject to an open offer. Waaree Renewable will announce its September quarter earnings.Read More
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