Bharti Airtel on Monday reported that its consolidated net profit more than doubled year-on-year to Rs 8,651 crore for the September quarter of FY26, driven by strong growth in high-value smartphone users and post-paid connections.The telecom major had posted a profit of Rs 4,153.4 crore in the same quarter a year ago. Its Africa arm…
HYDERABAD: Vaccine maker Bharat Biotech is foraying into the contract research development and manufacturing organisation (CDRMO) space with the setting up of a new wholly-owned subsidiary, Nucelion Therapeutics Pvt Ltd, that is focused on cell and gene therapies (CGT).Announcing its entry into this high growth CRDMO segment, Bharat Biotech said the new entity will support…
OpenAI has signed a $38 billion agreement with Amazon to run its artificial intelligence systems on Amazon Web Services (AWS), gaining access to “hundreds of thousands” of Nvidia’s AI chips through the deal announced Monday, AP reported.The partnership comes just days after OpenAI revised its arrangement with longtime backer Microsoft, which will no longer remain…
Wall Street ended mixed on Monday, with Nvidia and other technology giants powering modest gains even as most stocks slipped. The S&P 500 rose 0.4%, edging close to its record high set last week, while the Dow Jones Industrial Average fell 34 points, AP reported. The Nasdaq composite advanced 0.9%, supported by another strong showing…
NEW DELHI: An Air India Boeing 777 (VT-AEH) operating a San Francisco (SFO)-Delhi via Kolkata flight with almost 250 people on board safely diverted to Ulaanbaatar, Mongolia, after pilots suspected a snag. AI is working on getting the 228 passengers and 17 crew members home.“AI 174 of Nov 2 made a precautionary landing at Ulaanbaatar,…
Kimberly-Clark is set to acquire Tylenol maker Kenvue in a cash-and-stock transaction valued at approximately $48.7 billion, creating one of the world’s largest consumer health goods companies, AP reported.Under the terms of the agreement, Kenvue shareholders will receive $3.50 per share in cash and 0.14625 Kimberly-Clark shares for each Kenvue share held at closing. Based…
Vodafone Idea shares surged nearly 10% on Monday to hit the upper circuit at Rs 9.60 on the BSE, after the Supreme Court provided crucial clarity on the long-pending issue of Adjusted Gross Revenue (AGR) dues. The development eased investor concerns over the telecom firm’s massive liabilities and lifted sentiment around the stock.The apex court…
Microsoft has entered into a $9.7 billion cloud services agreement with Australian artificial intelligence infrastructure provider IREN, a deal that will give the tech major access to Nvidia chips as it scales its AI and cloud operations, AP reported.The five-year agreement includes a 20% prepayment and is aimed at supporting Microsoft’s efforts to meet the…
Riding on the festive shopping wave, Unified Payments Interface (UPI) transactions soared to an all-time high of Rs 27.28 lakh crore in October, clocking 20.7 billion transactions, according to data from the National Payments Corporation of India (NPCI), reported PTI.This marks a 9.5% month-on-month rise in transaction value from Rs 24.9 lakh crore in September…
Indian stock markets are in a stronger position compared to last year, with the earnings cycle showing signs of bottoming out and growth expected to accelerate, according to a report by Motilal Oswal Financial Services.As per news agency ANI, the brokerage noted that second-quarter (Q2 FY26) earnings have largely met expectations, with the pace of…
