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.
The pervasive culture of body shaming, of judging others based on their appearance rather than their character or abilities, is a reflection of the deeper societal fault lines.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Coaching centres for Army aspirants in Jhunjhunu are shutting down due to plummeting admissions in the face of a lack of job guarantees under Agnipath Scheme.
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