IBM forecast adjusted earnings per share of $2.93 for the quarter, below the analysts’ consensus estimate of $3.02. (AP photo) IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on preliminary results, IBM projected quarterly revenue of $17.2 … Read more
Signs of delay in loan repayment has started to emerge in some segments of business loans even as the overall number suggests higher asset quality. Unsecured business loans to MSME companies which are due for payment for more than 90 days (90+DPD), constituted 7.2% of the total unsecured outstanding business loans, as of March 2026, … Read more
India’s fast-growing artificial intelligence data-centre industry is driving a sharp rise in demand for engineers from mechanical, electrical and industrial disciplines, creating lucrative opportunities in fields that had long been eclipsed by software jobs, as reported by Times of India. As companies ramp up investments in AI infrastructure, professionals with expertise in power systems, cooling … Read more
For three decades, India’s shipbuilding industry has largely been a defence industry driven by the government. Commercial newbuilds — tankers, bulkers, gas carriers and container ships that dominate global orderbooks — have gone mostly to China, Japan and South Korea. There is much talk of change now: Tamil Nadu’s new policy speaks of bringing Ulsan … Read more
ICICI Bank and Prudential Corp. Holdings have signed a letter of undertaking under which the UK insurer will temporarily give up board representation and abstain from voting on matters requiring special resolutions at ICICI Prudential Life Insurance while it pursues the acquisition of a controlling stake in Bharti Life Insurance, according to exchange filings on … Read more
Nippon Paint has made multiple offers for AkzoNobel’s decorative paints business in the past month, including a proposal valuing the unit at €7.5 billion ($8.55 billion) last week, Bloomberg News reported on Sunday, citing people familiar with the matter. Nippon Paint had previously sought to buy AkzoNobel’s entire business along with U.S.-based Sherwin-Williams for €12.5 … Read more
Lloyd Blankfein went from being a poor kid on a Brooklyn housing project to a Harvard graduate, a corporate tax lawyer, then the CEO of Goldman Sachs. His titanic change in circumstances required a major shift in mindset, Blankfein explained in “Streetwise,” his memoir published this spring. He wrote that “growing up in public housing, … Read more
HCL Technologies Ltd bagged a $1.14 billion, five-year contract from a European Fortune 50 company, ending a three-year mega-deal drought for the country’s third-largest tech services firm. The deal assures HCLTech $228 million in annual revenue, translating to about 1.6% growth in FY27. “HCLTech is pleased to announce the signing of a significant strategic partnership … Read more
Godrej Pet Care (GPC) is set to foray into all the southern States in the coming weeks and in a phased manner to other regions on the back of its manufacturing plant in Nashik going on stream recently. The Godrej Consumer Products subsidiary is also betting big on the demographics of the country to aid … Read more