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Also Read | Wall Street today: US stocks drift ahead of Fed minutes, Nvidia drops as investors await earningsHere are the top 10 highlights from Nvidia's resultsNet income surged to $14.88 billion in the first quarter ended April 28, up more than sevenfold from $2.04 billion a year earlier.Revenue tripled to $26.04 billion from $7.19 billion in the previous year's quarter.Also Read | Nvidia earnings could spark $200 billion swing in shares, options showAdjusted earnings per share of $6.12 exceeded Wall Street's expectations of $5.60.Nvidia announced a 10-for-1 stock split.Also Read | An Nvidia co-founder’s latest bet: Making ‘Quantum Valley’ in New YorkThe company increased its dividend to 10 cents per share from 4 cents.Shares rose over 7% in after-hours trading to $1006.89.Also Read | Data Patterns India Q4 Results Live : profit falls by 7.97% YOYNvidia now boasts the third-highest market value on Wall Street, behind only Microsoft and Apple."The next industrial revolution has begun," CEO Jensen Huang declared.Huang predicted companies will use Nvidia chips to build "AI factories" producing "artificial intelligence."He said AI models are becoming "multimodal" and able to "reason and plan.""Training AI models is becoming a faster process as they learn to become 'multimodal' — that is, capable of understanding text, speech, images, video and 3-D data — and also 'learn to reason and plan,'" Huang added, as quoted by AP.Analysts praised Nvidia's performance, with Jacob Bourne of Emarketer remarking, "Nvidia defies gravity again." While tech giants aim to reduce dependence on Nvidia's AI hardware, "they're not quite there yet," Bourne said, as quoted by AP.(With Inputs from AP)Milestone Alert! Livemint tops charts as the

Bengaluru: Noida-based IT firm Coforge launched a share placement for qualified institutional buyers late Tuesday night. The company plans to raise up to ₹2,240 crore through the QIP (qualified institutional placements) to fund its acquisition of Cigniti Technologies. The company in a filing with BSE said that the floor price for the issue is at ₹4,531.40 per equity share. In a recent interaction with ET, Sudhir Singh, the CEO, said that the company will shell out $220 — $250 million, (or about ₹1,826 crore — ₹2,081 crore) to acquire Hyderabad-based Cigniti Technologies even as the Noida-based IT firm launched an open offer to acquire an additional 26% stake in Cigniti. He had said that they would use QIP to acquire between 51% — 54% of the of Cigniti.

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DoubleLine Capital CEO and founder Jeffrey Gundlach discusses the state of the U.S. economy, rate hikes, the impact of the 2024 election and Biden's handling of Israel amid its war with Hamas.

Wilde Wealth Management, one of the largest firms within Cetera’s affiliate network, has arrived at a significant milestone on its continuing growth journey.

₹2.11 trillion, was twice the amount markets had anticipated. Taken together with the jump in market cap, the developments could act as a sentiment booster for the market over the long term, according to market experts.The all-India m-cap rose a stupendous ₹77.45 trillion over 118 sessions to Wednesday's closing of ₹416.13 trillion.

₹27,10,800 on LinkedIn Technology Information Pvt Ltd or LinkedIn India, Nadella, LinkedIn CEO Ryan Roslansky and seven other individuals.For SBO norms violations, a penalty of ₹7 lakh has been slapped on LinkedIn India. Fines of ₹2 lakh each have been imposed on Nadella and Roslansky, respectively.Other individuals who have been fined are Keith Ranger Dolliver, Benjamin Owen Orndorff, Michelle Katty Leung, Lisa Emiko Sato, Ashutosh Gupta, Mark Leonard Nadres Legaspi and Henry Chining Fong."Also, the company and its officers failed to even send a notice [which was mandatorily required to be sent] as per rule 2A (2) of the Companies (Significant Beneficial Owners) Rules, 2018 leading to a contravention of section 90(5) for which penalty has been provided under section 450.

Paytm founder and CEO Vijay Shekhar Sharma told shareholders in a post-earnings call on Wednesday that the worst is behind the company after One97 Communications, its parent firm, reported lower quarterly revenue and a bigger loss on Wednesday."We learned a lot of our lessons to become better and resilient. We also resolved to be fully compliant according to the regulators expectations in letter and spirit," Sharma said in the earnings call.

In a stock exchange notice published today (22 May), CBAM's managed assets rose to £18.5bn – up from £17.7bn the previous quarter – while its total assets hit £19.6bn, £1.1bn higher than the £18.5bn reported at the end of January. The surge in net inflows came on the back of «marginally» improved market conditions, according to Adrian Sainsbury, CEO of Close Brothers, who argued that despite the «period of uncertainty, we are committed to executing our strategy and protecting our valuable franchise». Wage inflation hits Close Brothers Asset Management as profits shrink 27% Followin...

Paytm has paused its distribution of postpaid loans completely since February, signalling a notable shift in its lending approach. The value of postpaid loans distributed plunged over 90% to Rs 720 crore in the March quarter of FY24, from Rs 7,496 crore in the previous quarter, as per the company’s quarterly earnings release.

Discussions on how to scale up resources to deliver efficient and affordable clean cooking to all are on the table at the 9th Annual Global Conference on Energy Efficiency by the International Energy Agency

Sebi's new guidelines for managing stock price impact arising from market rumours will ensure that the share price used in the merger and acquisition (M&A), buyback, and other transactions are not artificially influenced by speculative market activities, experts said on Wednesday. Market rumours pertaining to a company's business can create significant volatility in stock prices, often leading to transactions that don't reflect a company's true value. This market rumours could be related to anything, including exiting of top management, cancellation of an order and financial health.

The U.S. prosecutors are pushing for a prison sentence of five to seven years for the former FTX executive Ryan Salame.

Bangalore (Karnataka) [India], May 20: In the fast-paced world of food and beverage, where trends shift with the wind and consumer preferences evolve rapidly, adaptability is key. Amidst this ever-changing landscape, Stonefield Flavors stands out as a beacon of innovation, reshaping the industry with its unwavering commitment to speed and creativity. Under the leadership of CEO Sandeep Devgan and his ‘Dream Team, as he calls it, the company has swiftly risen to prominence, becoming the fastest-growing flavour manufacturing multinational from India, a testament to its visionary strategies and dedication to excellence.

Following two parallel investigations, the investment bank has been fined a total of £61.6m, including a £27.8m penalty from the FCA and a £33.9m fine from the PRA. In a statement, the FCA said it had found that failures in the firm's systems and controls led to $1.4bn of equities being sold in European markets when they should not have been. Ex-Barclays CEO James Staley fined and banned by FCA over ties to Jeffrey Epstein On 2 May 2022, a CGML trader intended to sell a $58m basket of equities but mistakenly created a $444bn order. While the firm's controls blocked $255bn of the ba...

The National Pension Scheme (NPS) is designed to provide a sustainable and long-term solution for retirement planning, says Rahul Bhagat, CEO, DSP Pension Fund Managers.

They say it’s not in the electric vehicle maker’s best interest.

The Georgia Ports Authority says a surge of auto imports rerouted from Baltimore led to its busiest month ever for car and truck shipments

PV Subramanyam, CEO, www.subramoney.com, says it is better to continue SIPs and not put fresh money in the market just because the home minister has said the market is going to go up. “He can talk up, talk down, anything can happen. So, do not bother too much about what these people say.” When the prime minister says that after 4th of June the financial markets will set new records and never before seen highs and the home minister says buy more shares before the 4th of June, is this really a cue for investors to set out a new strategy? If so, what should that strategy be? As a certified financial planner, would you ask investors to stay put? PV Subramanyam: The market has an uncanny habit of not listening to anybody. When everybody is bullish, that is the time when the market comes down. I am old enough to remember when the market was about 21,000, people said it will touch 25,000 but from 21,000, it came to 19,000. It quickly recovered but that is a different thing. But yes, if you ask me, it is scary. But the SIP market of Rs 21,000-22,000 crore, which is increasing regularly, supports the market. However, the volatility index is nowhere near something for us to be scared about.

flight attendants and pilots following the severe turbulence encountered by a Singapore Airlines flight on Tuesday that resulted in the death of one passenger and injured dozens of others. The London-to-Singapore flight hit heavy turbulence over the Indian Ocean and descended 6,000 feet (around 1,800 meters) in about three minutes, before an emergency landing in Bangkok. Weather forecasting service AccuWeather said satellite and lightning data showed «explosive thunderstorms» developing close to the flight path. Developing thunderstorms can leave pilots

CEO of Singapore Airlines on Wednesday issued a public apology following an incident of severe turbulence on a flight from London to Singapore, which resulted in one passenger's death and injuries to 30 others. In a video message, Goh Choon Phong expressed deep sorrow over the incident, stating, «We are deeply saddened by the incident» and extended apologies for the «traumatic experience» endured by all passengers on flight SQ321.