Salil Parekh, CEO and MD, Infosys (File photo) New Delhi: Infosys CEO Salil Parekh suggested that stock market investors may be misreading the impact of AI tools from companies like Anthropic, arguing that rather than shrinking opportunities for IT services firms, such technologies are likely to expand and reshape the demand for their capabilities. He…
Wallet infrastructure firm Kresus Labs has raised approximately 18 billion won ($13 million) in investment from Hanwha Investment & Securities, one of South Korea’s largest financial institutions. The investment follows a memorandum of understanding signed in December at Abu Dhabi Finance Week and is aimed at expanding Kresus’ enterprise digital wallet infrastructure, real-world asset (RWA)…
Gyanesh Kumar, Chief Election Commissioner (File photo) Guwahati: Chief election commissioner Gyanesh Kumar on Wednesday said special revision (SR) of Assam’s electoral roll was a legal exercise to remove ineligible voters, while signalling that the state’s election schedule would be framed around Rongali Bihu after parties sought polls before the mid-April festival. The CEC said…
Check out the companies making headlines in after-hours trading. DoorDash — The food delivery company’s stock price jumped about 10%, reversing an earlier decline. The company reported that its total orders increased 32% in the fourth quarter from the year-ago period. Revenue for the period was also up 38%. Still, fourth-quarter results on the top…
US stocks moved higher on Wednesday, driven largely by gains in Nvidia, the market’s most influential stock. The S&P 500 rose 0.9%, pulling within 1.1% of its all-time high set late last month. The Dow Jones Industrial Average was up 308 points, or 0.6%, as of 12:21 p.m. Eastern time, while the Nasdaq composite climbed…
OpenAI is stepping deeper into crypto security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on Ethereum and similar blockchains. Smart contracts, self-executing code deployed on blockchains like Ethereum, underpin decentralized exchanges, lending protocols and a wide range of onchain…
IN-SPACe director Vinod Kumar NEW DELHI: Space promoter and regulator IN-SPACe on Wednesday announced an AI inspired seed fund scheme of Rs 6 crore for startups or people interested in developing AI applications in the space sector.The seed fund initiative is aimed at accelerating AI-driven innovation across India’s private space ecosystem through targeted financial and…
Divided Federal Reserve officials at their January meeting indicated that further interest rate cuts should be paused for now but could resume later in the year only if inflation cooperates. While the decision to hold the central bank’s benchmark rate steady mostly was met with approval, the path ahead appeared less certain, with members conflicted…
Union commerce minister Piyush Goyal on Wednesday dismissed investor concerns over the future of India’s IT sector as “ridiculous”, stressing that technology firms will play a central role in the growth of artificial intelligence.Speaking at the GEC event and responding to recent investor concerns, Piyush Goyal said, “Of late, I’m seeing in the stock market…
Ethereum has crossed a symbolic threshold, with more than half the total ether (ETH) issued now held in its proof-of-stake (PoS) contract for the first time in the network’s 11-year history, Santiment said in a post on X that has been met with criticism. The onchain analytics firm on Tuesday said that 50.18% of all…
