Tag: Business
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India’s Infosys lowers annual revenue growth forecast
BENGALURU, Oct 23 Reuters) – Infosys trimmed its annual revenue growth forecast on Friday despite marginally beating estimates for quarterly revenue after demand from its energy and utility clients picked up.Revenue at India’s second-largest IT services provider rose 10.7 per cent to 492.44 billion rupees (
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Global equity funds attract inflows for a fifth consecutive week
Oct 23 : Global equity funds attracted inflows for a fifth consecutive week in the week through October 21, as easing Treasury yields and strong early corporate earnings lifted investor sentiment.Global equity funds drew net inflows of $28.16 billion during the week, compared with $19.88 billion in the previo
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Safe haven search is on Friday as investors keep rotating
Here are the key things investors need to know to start the trading day.
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AI-discovered bugs may soon trigger fresh disruptions, cyber experts say
WASHINGTON, Oct 23 : Advances in artificial intelligence have uncovered a stream of new software vulnerabilities that are almost certain to trigger more disruption along the lines of the outages that percolated across global government websites this week, according to seven cybersecurity professionals who spoke to R
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New ‘Scentronic’ technology can detect and transmit aromas remotely
WASHINGTON, Oct 23 : People can readily share images and sounds digitally, as evidenced by the billions of smartphones in use globally that often overload the human senses of sight and hearing. But smell generally remains missing from remote communication. That could soon change.Researchers have developed tec
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Exclusive-New Mexico’s outside lawyers could collect up to $1.27 billion in Meta case
WASHINGTON, Oct 23 : Private plaintiffs’ lawyers stand to collect up to $1.27 billion from New Mexico if the state’s $25 billion court win against Meta Platforms this week is upheld, according to a Reuters review of a contract with the state. New Mexico hired Chicago-based law firm DiCello Levitt to represe
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Earnings flood, Fed meeting pose pivotal tests for rickety AI market rally
NEW YORK, Oct 23 : US stock investors face a pivotal week, with corporate earnings reports led by major AI players and a Federal Reserve meeting both posing critical tests for a suddenly shaky market rally.Weakness in technology shares left investors on edge about the state of the AI trade that has driven the
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Brent crude hits more than five-month high on concern over Middle East escalation
LONDON, Oct 23 : Oil prices rose on Friday, with Brent crude touching a more than five-month high, after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East. Brent crude futures gained 79 cents, or 0.7 per cent, to $113.96 a barrel by 0810 GMT, having
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Bank of Japan warns of risks from AI market shock, cyberattacks
TOKYO, Oct 23 : The Bank of Japan warned on Friday of rising risks caused by AI, including growing cybersecurity threats and potential market shocks, that could spill over to the country’s banking system. While the BOJ said in its semi-annual report it did not see any major financial imbalances, it said risi
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Nvidia’s Huang heads to Kazakhstan for the first time — and he’s not the only one with big plans
Jensen Huang’s first Kazakhstan visit highlights the country’s growing AI ambitions and global business appeal.
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