Check out the companies making the biggest moves midday: Fermi — The energy and data center developer lost 11% after reporting a third-quarter loss of 84 cents per share and a total net loss of almost $347 million. Fermi went public in September at $21 a share in an IPO led by UBS, Evercore ISI,…
Chinese internet companies don’t have enough compute to power their artificial intelligence ambitions — and they aren’t about to buy Nvidia outright. That’s a key takeaway from the latest earnings season. Alibaba reported cloud-related revenue surged by 34% year-on-year to the equivalent of $5.6 billion. Management said demand was outstripping supply, and indicated they might…
The GBS for Indian Railways might remain broadly unchanged in the upcoming union budget 2026-27, as the current funds are sufficient for the infrastructure upgrade. The GBS or the gross budgetary support for FY26 stands at Rs 2.52 lakh crore, with an additional Rs 10,000 crore permitted for spending through Extra Budgetary Resources (EBR), including…
Groww made a strong debut on Dalal Street on Wednesday, with shares listing on both the BSE and NSE at a premium over the issue price.Shares of Billionbrains Garage Ventures Ltd (Groww) listed at Rs 114 apiece on the BSE, marking a 14% premium over the IPO price of Rs 100. On the NSE, the…
New Delhi: Chief minister Rekha Gupta on Wednesday distributed financial assistance to 15,700 construction workers’ children to mark the first anniversary of the BJP government in Delhi. Addressing a gathering of workers at Thyagraj Stadium, Gupta said her government will disburse a corpus of Rs 12.40 crore to help realise the education dreams of the…
The assault was captured on CCTV cameras (PTI) NEW DELHI: Three inmates, including two Pakistani nationals, escaped from a juvenile home in Jammu and Kashmir’s RS Pura town on Monday after allegedly assaulting two police personnel on duty, officials said. The incident occurred around 5:15 pm at the juvenile facility in RS Pura. The injured…
NEW DELHI: A Delhi court Tuesday sentenced Kashmiri separatist and Dukhtaran-e-Millat chief Asiya Andrabi to life imprisonment for conspiring to commit a crime against the State.Additional sessions judge Chander Jit Singh also sentenced two of Andrabi’s associates, Sofi Fehmeeda and Nahida Nasreen, to 30 years’ imprisonment in the case. The court awarded life sentences to…
A government panel has proposed a ‘hybrid model’ for AI firms, granting them a blanket license to use copyrighted works for training AI systems. This framework mandates royalty payments to intellectual property rights holders, who cannot opt out. A centralized, non-profit entity will manage these payments, simplifying access for developers and ensuring fair compensation for…
The Reserve Bank’s rate-setting panel began its two-day deliberations on Wednesday, with markets closely watching whether borrowing costs could fall further amid supportive macro conditions and improving sentiment.The six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, started discussions on the next set of bi-monthly interest rates against the backdrop of a growth-focused…
Asian equities mostly inched higher on Wednesday, tracking a pause in the recent rally in oil prices, even as investors remained cautious amid escalating tensions in the Middle East and awaited signals from the US Federal Reserve on interest rates.As of 9:15 am, Japan’s Nikkei was up 1,245.87 points or 2.32% to 54,946. South Korean…
