Amazon cloud business accelerates but shares drop on profit miss Amazon shares fell sharply in after-hours trading on Thursday (local time) as heavy artificial intelligence investments and a weaker-than-expected earnings performance overshadowed accelerating growth in its cloud computing business.The e-commerce and technology giant’s shares dropped as much as 7% after it reported third-quarter results that…
Brent futures gained 86 cents, or 0.75%, to $115.74 a barrel Crude oil prices continued their upward march on Friday, with Brent crossing $115 a barrel as attacks on Saudi energy infrastructure and mounting risks to shipping in the Gulf heightened fears of supply disruptions. The benchmarks were also heading for their fourth consecutive monthly…
The $500 billion wipeout marked the second-largest single-day loss in market value recorded by a company, after chipmaker Nvidia lost nearly $600 billion in early 2025 Shares of Google parent Alphabet plunged more than 12% on Thursday, wiping out around $500 billion in market value in one of the biggest single-day losses in stock market…
The Sensex and Nifty are likely to open higher after gaining over 1% each in the previous session, supported by strong corporate earnings. However, surging crude oil prices above $117 a barrel amid renewed Middle East tensions could cap gains. Asian markets traded lower amid AI-related concerns, while foreign investors turned net sellers of Indian…
File photo: Sagility logo MUMBAI: IIFL Capital on Thursday night launched a block deal for up to 56 crore shares of Sagility Ltd that could be worth nearly Rs 2,400 crore or about $250 million. Netherlands-based Sagility BV, a promoter group entity, is the seller. Source link
NEW DELHI: Commerce and industry minister Piyush Goyal on Thursday said the govt will ensure that sensitive sectors, including agriculture, are protected as part of the trade deal with the US.“I have the courage of conviction to announce boldly that once details are out on the US trade deal, the people of India will celebrate…
File photo: Noel Tata Bahram Vakil MUMBAI: Noel Tata has selected close friend and AZB & Partners co-founder Bahram Vakil to succeed him as chairman of Trent, the Tata Group‘s fashion and retail flagship established by his mother, Simone Tata. Vakil will take over as chairman of Trent on Nov 12, a day after Noel…
MUMBAI: Noel Tata, chairman of Tata Trusts, the controlling shareholder of Tata Sons, has called for greater scrutiny of large investments by the holding company, requiring management to present detailed business cases setting out the rationale, expected financial returns and risks of capital commitments before directors sign off on them, said people familiar with the…
File photo: Employees Provident Fund Organisation- EPFO NEW DELHI: Five years after govt allowed the Employees Provident Fund Organisation (EPFO) to invest in alternate investment funds (AIFs), the retirement savings body is now working to come up with guidelines to enable its investments in these high-growth asset classes and startups.A proposal to allocate up to…
File photo: HUL hits 14-quarter sales growth high as price hikes test India’s consumption recovery BENGALURU: Consumer goods major Hindustan Unilever on Wednesday reported a 3.8% increase in consolidated net profit to Rs 2,796 crore in the Sept quarter, while revenue rose 14.4% to Rs 18,386 crore, indicating strong growth despite cost pressure.Underlying sales growth…
