Global Tech Stocks Slide as Investors Question AI Profitability
A wave of disappointing corporate earnings and waning confidence in artificial intelligence investments have triggered a sell-off in global technology markets.
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Laurus Labs Posts Strong Q2 Growth Driven by Revenue Surge
Laurus Labs has reported a significant rise in its second-quarter consolidated net profit, bolstered by a 33% increase in operational revenue.
Investors prioritize cash flow as AI spending scrutiny grows
Technology investors are shifting focus toward companies capable of funding AI investments through operational cash flow rather than relying on debt.
US Inflation Climbs to 3.6% in September, Fueling Rate Hike Expectations
Inflation in the United States rose to 3.6% in September, keeping price growth well above the Federal Reserve's 2% target.
DoorDash to Acquire Grocery Delivery Firm Instacart in $17 Billion Deal
In a significant move to expand its retail footprint, DoorDash has announced plans to purchase Instacart, aiming to bolster its delivery network beyond restaurants.
Gold Prices Hold Steady in Delhi as Silver Increases by ₹500
Gold prices remained unchanged at ₹1.46 lakh per 10 grams in the national capital on Thursday, while silver witnessed an increase of ₹500 per kilogram.
Indian Stock Market Rallies as Sensex Gains Over 600 Points
Benchmark indices rose on Thursday, buoyed by the US Federal Reserve's decision to maintain interest rates and renewed buying interest from foreign investors.
Alphabet Shares Slide Over 10% Following Quarterly Revenue Miss
Alphabet stock plummeted in extended trading after the company reported quarterly revenue that failed to meet Wall Street estimates and revealed significant negative free cash flow.
Piramal Pharma Among Four Stocks Signaling Strengthening Momentum
Four companies from the Nifty500 index have seen their Relative Strength Index (RSI) values cross above the 50-mark, suggesting a shift in price trend.
HUL Reports Highest Sales Growth in 14 Quarters Amid Strong Consumption
Hindustan Unilever Limited recorded a 14.4% increase in revenue for the September quarter, supported by a 7% rise in volume growth.
