Business

Bengaluru: TCS CEO K Krithivasan has said annualised revenue from AI services reached $1.5 billion, growing 16.3% quarter-on-quarter. Over 85% of clients with revenues above $20 million leverage TCS for AI work.“A massive internal transformation is underway, and we are encouraging all our associates to adopt an AI-first culture. Every time we take on a…

Bengaluru: Meesho’s shares closed at Rs 216.3 on Wednesday on the NSE, hitting the 20% upper circuit and nearly doubling their IPO price within days of debut. The e-commerce company’s stock has gained about 95% since it got listed on Dec 10 at Rs 111 per share. The surge, which has pushed the company’s market…

New Delhi: The International Monetary Fund (IMF) is likely to raise India’s GDP growth forecast for the current fiscal year closer to 7%, former IMF deputy managing director Gita Gopinath said on Wednesday.“This Oct, IMF revised up India’s growth for 2025 to 6.6%. But that came in before the second quarter growth numbers came out….

India’s Aadhaar database has not suffered any breach since its inception, the government told Parliament, underscoring that a multi-layered technology framework continues to safeguard the personal data of over 134 crore Aadhaar holders, ANI reported.In a statement placed in the Lok Sabha, the Ministry of Electronics and Information Technology said the Unique Identification Authority of…

Gold and silver prices moved in opposite directions on the Multi Commodity Exchange (MCX) on Wednesday, with silver scaling fresh record highs while gold edged lower after an early uptick.Gold futures traded lower after opening on a positive note. The February delivery contract fell by Rs 359, or 0.27%, to Rs 1,34,050 per 10 grams,…

Warner Bros has asked its shareholders to reject a hostile takeover bid from Paramount Skydance, saying a rival offer from Netflix would be better for customers and aligns with the board’s fiduciary responsibilities, AP reported.In a letter to investors issued on Wednesday, Warner Bros said its board had reviewed Paramount Skydance’s “unsolicited tender offer” with…

The mutual fund industry in India reached a milestone in November, with total assets under management rising to Rs 80.80 lakh crore, marking a 18.7 per cent year-over-year growth from Rs 68.08 lakh crore. It added over Rs 12.7 lakh crore to its asset base in the past year, according to Franklin Templeton’s “Mutual Fund…

Highway expansion drive is facing execution stress, with 574 under-construction National Highway projects worth Rs 3.60 lakh crore running behind schedule, the government told Parliament on Wednesday, PTI reported.Of the delayed projects awarded over the past five years, 300 are behind schedule by up to one year, 253 face delays of one to three years,…

The government on Wednesday said it has simplified and streamlined the visa process for Indian companies seeking to bring in foreign professionals, including engineers and technical experts, whose services are required for production-related activities such as machine installation, quality checks, training and plant design.The move is expected to benefit domestic firms that import machinery from…

HYDERABAD: Cyient Semiconductors, a wholly owned subsidiary of Cyient Ltd, is acquiring over 65% stake in San Jose headquartered power semiconductor player Kinetic Technologies for a total cash consideration of up to $93 million (approx. Rs 846 crore). The transaction, which is subject to customer closing conditions, is expected to be completed by April 30,…