SpaceX has pledged $2 billion to xAI as part of a $5 billion equity round, strengthening Elon Musk's AI startup's position against OpenAI. Following xAI's merger with X, the combined entity is valued at $113 billion, with the Grok chatbot now supporting Starlink and potentially integrating into Tesla's Optimus robots.
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TCS CEO K Krithivasan anticipates international revenue surpassing FY25 levels in FY26, pending trade clarity expected by late July or August. While projects with immediate ROI continue, longer-term initiatives face delays or scope reduction. The BSNL deal's wind-down impacted revenue by 2.8%. AI is driving efficiency, prompting discussions with clients about sharing productivity gains.
Improving your credit score is crucial for financial well-being. Paying bills on time, using secured loans wisely, and managing credit utilization are key strategies. Frequent EMI conversions and taking on new debt to cover old debts can negatively impact your score.
CoinDCX is investigating a security breach of an internal operational account, assuring customers that their funds are safe. Blockchain experts detected suspicious fund transfers, estimating a loss of around $44 million. The exchange has isolated the affected account, is working with cybersecurity firms, and will cover the loss from its treasury while tracing the funds.
The academic migration patterns of Indian students are evolving, with the US experiencing a slower growth rate of 11-13% through 2029. Ireland, Germany, the UAE, and Singapore are emerging as popular alternatives, offering attractive immigration policies and work opportunities. This diversification ensures continued growth in education loans, driven by the economic advantages of overseas education.
Wyndham Hotels & Resorts is significantly expanding its presence in India, aiming to become a top growth market with over 50 new properties planned. The company intends to introduce more of its global brands while strengthening existing ones like Ramada.
Despite recent market corrections, Indian equities are still among the priciest globally, with a PE ratio of 23.3, exceeding historical averages. While fundamentals remain strong, projected ROE for FY25 is 15.6%. India's dividend yield, however, is low at 1.2%, potentially limiting appeal for income investors. Nuvama cautions that high valuations and global volatility could restrain further market upside.
Good news for senior citizens. Higher returns are available on fixed deposits. Small finance banks offer up to 8.5% interest on three-year FDs. Utkarsh Small Finance Bank leads with the highest rate. Be mindful of tax deducted at source. Submit Form 15H to avoid TDS if income is below the taxable limit.
Eternal's shares surged nearly 15% following a strong quarterly revenue report, driven by Blinkit's impressive growth, which surpassed Zomato's for the first time. Blinkit's net order value rose 127% year-on-year, reaching Rs 9,203 crore. Analysts have raised price targets and upgraded ratings, citing Blinkit's growth and improved margins.
In 2024-25, the Indian government disbursed Rs 10,114 crore under Production-Linked Incentive (PLI) schemes, with large-scale electronics manufacturing receiving Rs 5,732 crore and pharmaceuticals securing Rs 2,328 crore. These two sectors collectively accounted for approximately 70% of the total incentive disbursements, highlighting their significant role in the PLI initiative.
Cipla, a prominent drug manufacturer based in Mumbai, is set to enter the weight management market in India, according to MD and Global CEO Umang Vohra's FY25 annual report. The company is also focusing on expanding its influence within the central nervous system therapeutic area, aiming to strengthen its overall market position.