Microsoft (MSFT) shares rose 4% in pre-market trading on Thursday, while Alphabet (GOOGL), Google’s parent company, saw its shares plunge 10%. Investors reacted differently to the two companies’ quarterly results. Microsoft shares rise as Alphabet stock falls on weak Google search sales and AI spending concerns. (Representative) Microsoft’s quarterly results were better than analysts had…
Nasdaq futures fell on Thursday as investors became concerned about the money major technology companies are spending on artificial intelligence (AI). Mixed quarterly results from Alphabet and Microsoft led investors to question whether heavy spending on AI would generate enough returns. Investors also focused on an upcoming US inflation report, which could influence the Federal…
Jio Platforms Ltd made a blockbuster stock market debut on Wednesday, surging straight to the position of India’s second most valuable company, as demand for the country’s biggest telecom-and-tech firm reached a fever pitch. Jio Platforms Managing Director Akash Ambani, Jio Platforms Limited Non-Executive Directors Anant Ambani and Isha Ambani during the bell-ringing ceremony on…
Much like this week’s Neural Dispatch, our Wired Wisdom conversation is also a special package. One where I want to focus on technology relevant for children, yet one that doesn’t send them down the rabbit hole of typical smartphone exposure that unlocks more apps than parents bargain for. Our 8-year-old would testify that we as…
Amazon has cut about 250 jobs in its devices and services unit, Reuters reported on Wednesday, following weeks of product launches, including new Kindle e-readers and tablet computers. Earlier this month, Amazon had eliminated about 1,000 jobs in its core retail division. (AFP) The company confirmed the layoffs following an inquiry by Reuters. “We’ve made…
The Sensex and Nifty opened flat but in positive territory on Thursday, with investors tracking elevated crude oil prices, geopolitical tensions and the US Federal Reserve’s policy decision after benchmark indices declined in the previous session. Stock information displayed outside the Bombay Stock Exchange (BSE) building in Mumbai (Bloomberg/File) The BSE Sensex opened at 73,340.78,…
Microsoft posts $36.6 billion profit as 60,000 staff offered voluntary exits Microsoft reported a 32 per cent year-on-year rise in net income to $36.6 billion in the July-September quarter, days after announcing a voluntary buyout offer for around 60,000 employees, more than a quarter of its global workforce.India is among the four countries where the…
Just two weeks after Google made its Gemini 4 Argon frontier artificial intelligence (AI) model widely available for consumers and enterprises, the company already has the successor ready. It said Gemini 4 Carbon is the strongest model yet, with state-of-the-art cybersecurity and long-horizon capabilities. Availability, however, remains unclear, with the company saying Carbon will soon…
Gold prices fell on Thursday as investors assessed signals from the Federal Reserve and Chair Kevin Warsh after policymakers left interest rates unchanged, while awaiting key US inflation data later in the day for further clues on the rate outlook. Spot gold slid 0.7% to $4,037.98 per ounce by 0410 GMT (representative image) (REUTERS) Spot…
MUMBAI: Noel Tata, chairman of Tata Trusts, the controlling shareholder of Tata Sons, has called for greater scrutiny of large investments by the holding company, requiring management to present detailed business cases setting out the rationale, expected financial returns and risks of capital commitments before directors sign off on them, said people familiar with the…
