Infosys’ U.S.-listed shares fell nearly 7% in pre-market trading after the company cut its full-year revenue growth of 1%-3.5% on a constant currency basis from 4%-7% previously.
Brij Disa Centre for Data Science & Artificial Intelligence report says top 500 Indian companies can add Rs 1.5-2.5 trillion in incremental pre-tax profit over 5 yrs by successful adoption of AI.
Kotak Mahindra's standalone profit jumped 27% from the same period last year to 25.80 billion Indian rupees ($313 million) in its fiscal second quarter.
Revenue from operations climbed 18.3% as sales of its chocolates, Maggi noodles & Sunrise and Nescafe brands of coffee rose, helped by robust advertising expenditure.
Net interest income also saw a 18.9% rise while advances grew at 23.4% with the bank seeing a high growth across retail, commercial, rural banking, wholesale loan among others.
Plane crashes, economic slowdowns, and social unrest have affected the airline industry, which revised its last year's estimate of annual profits by $10 billion.
While main elements behind terror module have been nabbed, more arrests will take place, including some professors & academicians who were part of the ring, it is learnt.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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