Amazon’s cloud division has reached a remarkable milestone, raking in more than $15 billion each year from its AI offerings. This impressive figure highlights the success of Amazon’s heavy investments in technology. Additionally, the company’s custom chip sector is thriving, boasting annual revenues exceeding $20 billion. With plans to market these chips externally, Amazon is...Read More
American Airlines plans to resume daily flights between Miami and Caracas from April 30, 2026, after receiving U.S. Transportation Department approval. The service will be operated by its regional unit Envoy using Embraer 175 aircraft. This marks the first U.S. commercial airline restart of flights to Venezuela in more than six years.Read More
Carlyle’s flagship private-credit interval fund has been hit by a wave of redemptions, according to a shareholder letter seen by Reuters on Thursday, as an investor exodus over fears of a looming downturn in the sector continues.Read More
NSE Indices on Thursday organised a press meet in Mumbai, where it elaborated on its outlook for passive investing in India. It stated that the total Assets Under Management (AUM) in passive investments surged from Rs 1.63 lakh crore in 2020 to approximately Rs 50 lakh crore in 2026.Read More
ADRs of Wipro and Infosys declined after Tata Consultancy Services reported steady Q4 results with strong deal wins and rising AI revenue. Despite stable performance, investor reaction signals cautious sentiment and a muted market opening for IT stocks.Read More
Oil prices surged back above $100 a barrel as market sentiment shifted from de-escalation optimism to caution. Despite a US-Iran ceasefire, shipping through the Strait of Hormuz remains subdued due to ongoing security concerns and uncertainty, keeping supply risks elevated and prices volatile.Read More
Nifty 50 and BSE Sensex ended lower, dragged by financial, auto, and FMCG stocks, while India VIX rose. Analysts see near-term consolidation, maintaining a positive outlook with key resistance at 24,000 and support around 23,500 levels.Read More
U.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture.Read More
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