Senior industry executives and analysts say a high error rate, steep cost of deployment and the relative newness of the technology are the main reasons for GenAI’s weak adoption by companies. “So first and foremost, accuracy of the results is critically important. And second, the adoption of that solution is critically important. And the adoption … Read more
Last week witnessed a significant surge in the combined market valuation of seven of the top-10 most valued firms, amounting to an increase of ₹1,72,225.62 crore. Leading the charge was IT giant Tata Consultancy Services (TCS), benefiting from a bullish equity market. During the week, the BSE benchmark rose by 522.74 points, marking a 0.65% … Read more
Stock Market News: Amidst positive global cues, the domesticbenchmark indices, Sensex and Nifty 50, started Thursday’s session on a bullish note. The Sensex crossed 80,100 and the Nifty 50 approached 24,400. Early trading saw Sensex rise 245.32 points to 80,170.09 and the Nifty 50 rise 78.2 points to 24,402.65. Ahead of the quarterly report from … Read more
IT stocks are in focus as the top Indian software companies, Tata Consultancy Services (TCS), Infosys, Wipro and Persistent Systems, have announced their Q4 results. The Nifty IT index, the benchmark that gauges the performance of IT stocks, has failed to give any return in the year 2024 so far. The Nifty IT index has … Read more
Vodafone Idea: The company is optimistic about its ₹18,000-crore follow-on public offer (FPO) receiving full subscription, particularly from anchor investors. The company’s CEO, Akshay Moondra said that the company plans to roll out 5G services within six to nine months after the FPO. This will involve fast-tracking orders for 5G equipment from vendors. It aims … Read more
Tata Consultancy Services Ltd recently has notified to the exchanges that the company’s board of directors would meet on April, 12, 2024, to discuss and approve its audited standalone financial results for the year ending March 31, 2024, prepared in accordance with Indian Accounting Standards (Ind AS). TCS Board will further approve and take on … Read more
Tata Investment Corporation Ltd. witnessed a 21% decrease this week following a 22% decline last week, the stock’s performance has been notably bearish. Tata Investment stock, on Friday, hit 5% lower circuit for the ninth time in the past 10 trading sessions. The stock soared to an all-time peak of ₹9,756 on March 7 before … Read more