Accenture's Q3 FY25 saw an 8% revenue increase, reaching $7.7 billion, fueled by AI service demand. Despite a gross margin dip and workforce reduction, the company raised its revenue growth forecast. Generative AI bookings surged, contributing significantly to overall revenue, with the Americas leading regional performance. The company projects strong Q4 revenues, emphasizing its role as a reinvention partner.
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Indian Railways is set to enhance short-distance travel by introducing 50 new Namo Bharat trains and 100 Mainline EMUs. Railway Minister Ashwini Vaishnaw announced these additions, with Namo Bharat trains, inspired by Vande Bharat, offering premium travel at speeds up to 130 kmph.
Former NFL star Antonio Brown is making headlines again, this time for filing Chapter 11 bankruptcy despite earning over $100 million during his career. Reports claim Brown has less than $50,000 in assets and owes nearly $3 million. In response, Brown posted a screenshot of a $24 million account, seemingly disputing the claims.
Shubman Gill and Rishabh Pant's on-field camaraderie shone through during India's dominant batting display at Headingley. Gill's witty comment on Pant's elegant leave was caught on the stump mic, delighting fans. Pant, in turn, cautioned Gill about a risky shot, showcasing their mutual understanding and contributing to a defining 200-plus run partnership.
nfosys founder NR Narayana Murthy dismisses AI job elimination fears, arguing technology creates new employment opportunities. Citing banking sector's 40-50x job growth post-computerization, he believes AI will enhance productivity and enable programmers to solve complex problems, transforming rather than replacing the workforce in India's IT industry.
In a tragic incident near Changera village, Sandeep Singh Rajpal allegedly shot his wife, Mandeep Kaur, and their son, Abhay, before committing suicide. The bodies were discovered inside their SUV by workers near Banur-Tepla road. Police found a pistol in Sandeep's hand and are investigating the motive, though mental health issues of the son are known.
Airspace closures following the Ahmedabad crash and enhanced Dreamliner checks are causing significant flight delays. Air India faces increased flying times and turnaround times, leading to cancellations. Dubai's air traffic control is overwhelmed, impacting various airlines, including SpiceJet, and leaving passengers stranded, with Dubai Airports issuing advisories about cancellations and delays.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Monday following global cues. While Nifty50 went below 25,000, BSE Sensex was down over 600 points.
President Trump authorized a high-precision military strike on Iranian nuclear facilities, marking a significant escalation in US-Iran tensions. The operation, executed by B-2 stealth bombers, followed stalled diplomatic talks and a firm ultimatum from Trump regarding Iran's nuclear program. The decision, made amidst internal deliberations and political considerations, represents a sharp departure from previous US policy, with uncertain regional consequences.
Top stock market recommendations: Aakash K Hindocha from Nuvama Professional Clients Group recommends Kaynes, Mahanagar Gas Limited (MGL), and Gland Pharma as top stock picks for today. Nifty is expected to consolidate between 24650 and 25050, while Bank Nifty ranges from 55400 to 56200.
The tech industry faces continued workforce reductions in 2025, with over 62,000 jobs lost in the first half of the year. Giants like Intel, Panasonic, Microsoft, and Amazon are restructuring due to economic uncertainty and shifting priorities. These layoffs span various sectors, impacting hardware, fintech, streaming, and even space companies, as businesses prioritize AI and operational efficiency.