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Home > Articles
Results for L&T’s first quarter: Potential 25% YoY increase in net profit to $2,130 crore; possible share repurchase-thumnail

Results for L&T’s first quarter: Potential 25% YoY increase in net profit to $2,130 crore; possible share repurchase

On Tuesday, July 25, the infrastructure juggernaut Larsen & Toubro (L&T) is scheduled to release Q1 earnings. On the strength of a large order book, the firm is anticipated to

Business

Jul 25, 2023

The Sculptor hedge fund will be acquired by Rithm Capital for $639 million-thumnail

The Sculptor hedge fund will be acquired by Rithm Capital for $639 million

The Sculptor hedge fund will be acquired by Rithm Capital

Business

Jul 25, 2023

ITC’s Market Capitalization Eroded by Rs 50,000 Crore in Two Days-thumnail

ITC’s Market Capitalization Eroded by Rs 50,000 Crore in Two Days

In recent trading days, the market capitalization (m-cap) of Fast Moving Consumer Goods (FMCG) giant ITC witnessed a significant erosion.

Business

Jul 25, 2023

Whatsapp and Instagram back up after an hour-long outage affecting thousands-thumnail

Whatsapp and Instagram back up after an hour-long outage affecting thousands

People, on media were relieved when Facebook, Threads, WhatsApp, and Instagram backed up after an hour-long outage affecting thousands. According to Downdetector.com than 14,000 Instagram users experienced issues along, with 7,000 Facebook users, 2,700 WhatsApp users, and 470 Threads users. This is the time Instagram has had an outage in the month but Meta Platforms has not provided any updates or statements regarding the situation.

Business

Jul 25, 2023

Microsoft AI Bing chatbot is to be introduced in Google Chrome and Safari as well-thumnail

Microsoft AI Bing chatbot is to be introduced in Google Chrome and Safari as well

Microsofts AI-driven chatbot, Bing Chat is making its way onto platforms, like Google Chrome and Apples Safari expanding its reach beyond Microsoft browsers.

Artificial Intelligence

Jul 25, 2023

Twitter rebranding into “X” will cost Elon Musk billions in brand value-thumnail

Twitter rebranding into “X” will cost Elon Musk billions in brand value

Elon Musks’ unexpected choice of Twitter rebranding into “X” and removing the known bird logo and “tweet” terminology resulted in a financial loss with an estimated impact of $4 20 billion, on brand value. As industry experts and branding agencies express their disapproval of this decision the platform now confronts the task of regaining its importance while embarking on objectives, under the “X” name.

Business

Jul 25, 2023

TSMC invests $2.9 billion in Taiwan chip factory due to AI boom-thumnail

TSMC invests $2.9 billion in Taiwan chip factory due to AI boom

Taiwanese chip giant TSMC (2330. TW), driven by a boom in demand for artificial intelligence, plans to invest roughly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan, the company announced on Tuesday.

Artificial Intelligence

Jul 25, 2023

EVCS seeks to raise $125 million for network expansion-thumnail

EVCS seeks to raise $125 million for network expansion

In order to expand its network of fast chargers eightfold by 2025 and take advantage of the U.S. government’s desire to increase EV adoption, electric vehicle charger operator EVCS is reportedly aiming to fund $125 million.

Business

Jul 25, 2023

Reliance to invest $10 billion in data centers in partnership with Canada’s Brookfield Infrastructure & America’s Digital Realty-thumnail

Reliance to invest $10 billion in data centers in partnership with Canada’s Brookfield Infrastructure & America’s Digital Realty

Reliance Industries in collaboration, with Brookfield Infrastructure, intends to allocate an amount of 10 billion rupees towards the establishment of data centers within India. This strategic endeavor aims to leverage the increasing need for infrastructure as more individuals join the community.

Business

Jul 25, 2023

Hong Kong Court to Decide on Evergrande’s Offshore Debt Restructuring in September-thumnail

Hong Kong Court to Decide on Evergrande’s Offshore Debt Restructuring in September

In a significant development in the ongoing financial crisis surrounding China Evergrande Group, a Hong Kong court has announced that it will make a crucial decision in September regarding the embattled property developer’s offshore debt restructuring.

News

Jul 24, 2023

Government approves 8.15% as EPFO interest rate for 2022-23-thumnail

Government approves 8.15% as EPFO interest rate for 2022-23

The finance ministry of the Union has given its approval, for an interest rate of 8.15% on contributions made towards the fund for the year 2022 23. This decision, which

Indian Govt

Jul 24, 2023

Reliance Jio’s upcoming upgraded JioBook laptop to be launched on 31st July-thumnail

Reliance Jio’s upcoming upgraded JioBook laptop to be launched on 31st July

Reliance Jio’s upcoming JioBook, expected to be released before July 31 is aimed at budget individuals seeking a laptop experience. It features 4G connectivity and an octa-core processor ensuring performance,

Industry

Jul 24, 2023


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