AMD forecast fourth-quarter revenue above Wall Street estimates on Tuesday and the company’s data-center revenue hit a record on robust demand as its multibillion-dollar effort to challenge Nvidia’s dominance of the AI chip market gathers pace. AMD forecasts quarterly revenue above estimates as data-center revenue hits a record. REUTERS/Dado Ruvic/Illustration/File Photo (REUTERS) The upbeat forecast…
ED attaches assets worth Rs 510 crore, including two aircraft, in money laundering probe against Anil Ambani’s Reliance Group, taking total attachments to Rs 23,000 crore NEW DELHI: In its ongoing money laundering probe against Anil Ambani‘s Reliance group, ED said Tuesday that it has attached Rs 510 crore worth of assets of group entities,…
NEW DELHI: The Centre is on course to monetise land worth Rs 15,000 crore belonging to central public sector enterprises (CPSEs) during the current financial year through National Land Monetisation Corporation (NLMC), with transactions amounting to Rs 9,000 crore already finalised so far this year, an official told TOI.The land monetisation pipeline for this year…
FPIs pump in close to `10K cr, cooling oil, yields add glitter MUMBAI: For the second consecutive session on Tuesday, sensex notched up over a 1,000-point gain as relatively softer crude oil prices, strong foreign fund buying, softening yields in the US and a strengthening rupee helped investor sentiment on Dalal Street. After opening on…
MUMBAI: The banking industry is working on a coordinated response to rising cybersecurity risks, with banks looking to establish a structured mechanism for sharing information on cyber incidents and an industry-level sandbox to test frontier artificial intelligence (AI) models in a regulated environment.State Bank of India chairman CS Setty said Indian Banks’ Association (IBA) was…
NEW DELHI: Ahead of the pre-budget consultation with revenue secretary Arvind Shrivastava on Wednesday, industry bodies were working out their final wish list on long-term capital gains tax (LTCG) – the most-discussed budgetary proposal this year.Executives at industry associations said that there were competing views from members and tax experts and a final call on…
Goyal says India will not open its dairy sector in trade deals or allow imports of genetically modified products, calling them sensitive issues for farmers and religious sentiments NEW DELHI: With India, US close to finalising a trade, commerce and industry minister Piyush Goyal Tuesday said India has never opened up its dairy sector in…
MUMBAI: State Bank of India’s Q2FY27 net profit rose 14.3% to Rs 23,038 crore, driven by a 14.7% increase in net interest income to Rs 49,143 crore and lower loan loss provisions. Net interest margin improved to 3.1% from just over 3% a year ago, while loan loss provisions fell 33% to Rs 2,759 crore…
MUMBAI: N Chandrasekaran, who became chair of Iveco following Tata Motors‘ biggest acquisition, said the combined ₹21 billion commercial vehicle group expects volumes, revenues and margins to grow over the next five years, as both companies explore opportunities to expand in each other’s markets, including manufacturing Iveco products in India.Speaking in Turin, Chandrasekaran said the…
NEW DELHI: Noise and Gaana have announced the launch of the Noise Buds R1 (Gaana Edition), a co-branded product that brings together audio technology and music streaming in one offering.Priced at Rs 1,399, the earbuds come with a one-year Gaana Plus subscription. The launch brings together two homegrown brands seeking to make music streaming more…
