[ad_1] Hon Hai Precision Industry Co. posted a surprise earnings fall after weak Chinese iPhone sales eroded margins, though the Nvidia Corp. supplier forecast a doubling in AI-related revenue this quarter.The Taiwanese company’s net income plunged 13% to NT$46.3 billion ($1.4 billion), far short of analysts’ estimates for a 2.3% gain. Hon Hai, one of…
[ad_1] BENGALURU: Global capability centres are increasingly recruiting talent from IT services companies, with approximately half their workforce now sourced directly from these firms. Data from HR consultancy Xpheno indicates that GCCs have modified their recruitment approach, incorporating both experienced professionals and fresh graduates.Recent statistics reveal GCCs now source 45-48% of their workforce from IT…
[ad_1] BENGALURU: Wipro has realigned its global business lines (GBLs) to expand its go-to-market capabilities to meet clients’ business needs in emerging technologies driven by AI, cloud, and digital transformation. Wipro organised its capabilities across four GBLs-delivery, capabilities, solutions, and horizontal specialists are owned by GBLs. The four GBLs are technology services, business process services,…
[ad_1] NEW DELHI: Chartered accountants’ apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs 2,100 crore.The private sector lender, on March 10, disclosed some discrepancies in its derivatives portfolio, which could have an adverse impact of about 2.35% of the bank’s net…
[ad_1] Yog guru Baba Ramdev and Patanjali Ayurved’s Managing Director Acharya Balkrishna (ANI Photo) MUMBAI: The board of Magma General Insurance has approved a share purchase agreement under which Patanjali Ayurved and several foundations will acquire a controlling stake in the company. The agreement, finalised on March 12, involves the transfer of equity shares from…
[ad_1] MUMBAI: RBI governor Sanjay Malhotra on Thursday urged banks to strengthen risk management frameworks to address credit risks associated with emerging green technologies, which have limited reliability and efficiency track records. “Regulated entities need to develop suitable capacity and technical know-how to better appraise risks in financing projects using such green technologies,” he said…
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[ad_1] Fears are ripe of a US economic recession. What will high US tariffs and America’s economic slowdown mean for India? It’s mayhem in US stock markets! The S&P 500 has plunged more than 10% since its highest level which was seen last month. The turbulence is being caused by US President Donald Trump’s trade…
[ad_1] Is Warren Buffett about to make his next big move? (Photo-AP) When Warren Buffett made the bold move of slashing his Apple shares and hoarding cash, the financial world buzzed. Social media exploded with memes and mixed opinions. Some hailed him as a genius, while others questioned his timing. Fast forward to today, and…
[ad_1] India’s dollar stockpile had its biggest weekly gain in over three years, bolstered by RBI’s currency swap operations last month. Foreign exchange reserves grew by $15.3 billion to nearly $654 billion in the week to March 7, data released on Thursday showed. That is the highest weekly gain since Aug 27, 2021, according to…
