Jefferies: AI Capex Returns at Risk as Big Tech Weakens
Jefferies report highlights growing investor concerns over returns from AI capital expenditure as big tech firms face weakening market leadership and rising competition.
Category : Corporate News
Praveg Q3 FY26 Income Jumps Over 65%
Praveg Limited reports robust Q3 FY26 results with standalone total income rising 69.46% and consolidated total income increasing 65.29% year-on-year, driven by strong performance across its hospitality and tourism segments.
Voler Car Q3 & 9M FY26 Results Announced
Voler Car Limited has released its financial results for the third quarter and first nine months of FY26, detailing key performance metrics and strategic updates.
DOJ Emails Expose Epstein's Flirty Exchanges, Island Invite
Newly released Justice Department emails reveal personal communications between Goldman Sachs' top lawyer and Jeffrey Epstein, including flirtatious messages and a private island invitation.
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Goldman Sachs Chief Legal Officer Quits Over Epstein Ties
Kathryn Ruemmler, Goldman Sachs' chief legal officer, resigned after Justice Department documents revealed extensive personal and professional ties with Jeffrey Epstein, contradicting her previous claims.
HUL Acquires Full Oziva Stake, Sells Wellbeing Nutrition Share
Hindustan Unilever acquires remaining 49% stake in Oziva for Rs 824 crore, making it wholly-owned. The company also sells its 19.8% stake in Wellbeing Nutrition to USV for Rs 307 crore.
Goldman Sachs Legal Chief Resigns Amid Epstein Scandal
Kathryn Ruemmler, Goldman Sachs' chief legal officer, resigned after Justice Department documents revealed her extensive personal and professional relationship with Jeffrey Epstein, contradicting earlier claims of strictly professional contact.
Zuckerberg Buys $200M Florida Estate Amid California Tax Exodus
Meta CEO Mark Zuckerberg has purchased a $150-200 million waterfront estate on Miami's exclusive Indian Creek Island, joining a growing list of tech billionaires leaving California amid proposed wealth taxes.
SpiceJet Posts Rs 269 Crore Loss on Higher Costs
SpiceJet has announced a net loss of Rs 269 crore for the quarter, driven by increased operational expenses and competitive pressures in the aviation sector.
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Telstra Cuts 200 Jobs in Australia for AI Restructuring
Australian telecom giant Telstra has announced the elimination of 200 roles as part of a strategic push towards artificial intelligence and automation to enhance operational efficiency.
Bajaj Finance Gains Big from AI Betting Strategy
Bajaj Finance has achieved significant financial growth by strategically investing in artificial intelligence, enhancing operational efficiency and customer service.
IBM Triples Entry-Level Hiring in 2026 Despite AI Fears
IBM plans to triple entry-level hiring in the US by 2026, countering AI job displacement fears by redesigning junior roles to focus on customer interaction and AI oversight.
HUL: Low Inflation, GST Cuts Boost Consumer Demand, Growth Ahead
Hindustan Unilever reports increased consumer spending driven by favorable economic conditions. CEO Priya Nair emphasizes volume-led growth strategy, with rural consumption outpacing urban areas.
Air India Offers Extra Rs 10 Lakh in Final Compensation Deal
Air India will provide an additional Rs 10 lakh to families of victims whose final compensation is Rs 25 lakh or less, but only after they sign a waiver forgoing future claims against the airline and others.
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TVS SCS Returns to Profit, Sees Strong Business Pipeline Growth
TVS Supply Chain Solutions reported a net profit of Rs 11.19 crore in Q3 FY26, reversing a year-ago loss. The company's business pipeline expanded significantly, reaching Rs 6,300 crore, with new order wins surging to Rs 319 crore.
Gujarat Unaffected by National Strike, Banking Partially Hit
The nationwide trade union strike had minimal impact in Gujarat, with normal life and commerce continuing in major cities. Public sector banks saw partial disruptions affecting transactions worth Rs 15,000 crore.
Cognizant Flags Anti-Outsourcing Risks in US, Workforce Grows in India
Cognizant's annual report highlights significant risks from potential US anti-outsourcing legislation, which could impair client services and financial performance. The company also notes reputational concerns and workforce growth in India.
Nationwide Strike Triggers Major Protests in Trichy
Central trade unions held large-scale demonstrations in Trichy, with over a thousand detained for blocking railway tracks. Protests targeted government policies on labor and privatization.
Priya Files Rs 20 Cr Defamation Suit Against Kapur's Sister
Priya has filed a Rs 20 crore defamation lawsuit against Sunjay Kapur's sister in the Delhi High Court, alleging false and damaging statements. The case highlights escalating tensions in a high-profile business dispute.
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Infosys, ExxonMobil Partner on Advanced Immersion Cooling
Infosys announces strategic collaboration with ExxonMobil to implement immersion cooling solutions using Infosys Topaz for real-time optimization and Infosys Cobalt for secure cloud deployment.
Chinese Entrepreneur's Work-Life Balance Remark Sparks Debate
A Chinese entrepreneur's blunt dismissal of work-life balance as 'work time or personal time' has ignited global discussion about cultural differences in productivity and time management approaches.
Trade Union Strike Paralyzes Bihar, Banking Sector Affected
A nationwide strike by trade unions protesting labor policies partially disrupted normal life in Patna, severely impacting banking operations and transport services across Bihar.
Bharat Bandh Hits Assam: Transport, Banking Affected
A nationwide Bharat Bandh called by central trade unions impacted Assam's transport, banking, and energy sectors, with protests against labour codes and wage policies leading to clashes and widespread disruptions.
Tesla Files Criminal Complaint Against German Union Member
Tesla has filed a criminal complaint against an IG Metall union representative in Germany, accusing them of secretly recording a private works council meeting. The union calls the allegation a 'calculated lie' ahead of key elections.
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Infosys, ExxonMobil Expand Data Center Efficiency Partnership
Infosys and ExxonMobil are expanding their collaboration to develop advanced immersion cooling fluids for data centers, aiming to enhance energy efficiency and support AI workloads through Infosys Topaz and Cobalt platforms.
Franklin Templeton Sees 10-15% Earnings Growth in 2026 for Indian Stocks
Franklin Templeton India's President predicts corporate earnings growth of 10-15% in 2026, which is expected to support Indian equity markets. This outlook is based on economic resilience and policy continuity.
Sir Jim Ratcliffe's $17.5B Fortune: INEOS to Man Utd
British billionaire Sir Jim Ratcliffe's wealth, estimated at $17.5 billion by Forbes, stems from chemical giant INEOS and sports investments like Manchester United. His partner Catherine Polli remains private with no separate fortune listed.
SoftBank Gains $2.4B from OpenAI Investment in Q3
SoftBank's Vision Fund posted a $2.4 billion gain in the December quarter, driven by a $4.2 billion surge in its OpenAI stake, offsetting losses from other investments like Coupang and Didi.
Scindia: Telecom Fraud Prevention Saves Rs 1,400 Crore
Union Minister Jyotiraditya Scindia announced that risk-based interventions have prevented telecom frauds worth Rs 1,400 crore, highlighting key measures and outcomes in reducing such crimes.
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CCI Fines Intel Rs 27 Crore for Unfair Warranty Policy
The Competition Commission of India has penalized Intel Corporation with a Rs 27 crore fine for abusing its dominant position in the desktop BMP market through unfair warranty terms.
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