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IT services firm HCLTech is looking to diversify risks and unlock new revenue streams, by expanding its presence in markets such as India, Africa and the Middle East. HCLTech outlined its growth strategies to more than 100 analysts who attended an ‘Investor Day 2024’ meet hosted by the company in Mumbai on Wednesday. The company also highlighted its strength in engineering, research & development (ER&D), and plans to leverage increasing semiconductor demand, expand market participation in focus areas and new frontier markets, and grow within its top current and potential clients, some of the analysts who attended the event said. “The company wants to tap high-potential regions and expand, amid the ongoing slowdown in the core American markets denting business over the past five-six quarters,” one of the analysts said on the condition of anonymity. “HCLTech spoke of improving the mix of verticals and geographies, gaining of market share, organic development of digital skills, its clients’ cloud migration activities and inorganic augmentation of capabilities.”

Dow Jones rose to a record high but S&P 500 and Nasdaq Composite were flat as US stock market indexes had a mixed showing at Wall Street. The Dow Jones Industrial Average closed at its highest level ever, while S&P 500 index was just below its July record high close as expectations for a September interest rate cut remained robust. S&P 500 gained 0.37 points, or 0.01 per cent, to end at 5,592.55 points, while the Nasdaq Composite lost 37.51 points, or 0.21 per cent, to 17,518.51. The Dow Jones Industrial Average rose 247.74 points, or 0.60 per cent, to 41,336.56. The movements came on the back of data indicating the US economy grew at an annual rate of 3.0 percent in the April to June period — revised upwards from 2.8 percent. The U.S. economy grew faster than initial estimates due to strong consumer spending, the Commerce Department reported, supporting expectations the US is likely to avoid a recession.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

French President Emmanuel Macron is defending his government’s decision to give special fast-track citizenship to Telegram messaging app CEO Pavel Durov

Barron Trump's college pick. Reports from earlier this year indicated that Barron, the son of Donald and Melania Trump, might enroll in a New York City institution; many speculated that Barron would attend New York University (NYU). Despite the Trump family's custom of attending elite universities like Wharton, this would be a shift. The specifics of his college decision are yet unknown, despite the rumors, as per the reports of Yahoo entertainment.

Tesla car prices have been plummeting. Hertz's dump and price reductions accelerated the drop in Tesla's resale value. Investor in Tesla, Ross Gerber, claims he is unable to part with his used Tesla. It seems like Tesla is now falling and lagging in the electric car market yet again, according to the data. While Gerber has cut his investment in Tesla almost in half, he and other investors in the electric car company are still not able to sell their actual Tesla. In an interview with Business Insider, Gerber confessed that he could not get a fair price for his old car since the market was oversaturated with old and outdated Teslas. The price for a used Tesla has been lower compared to the prices from the previous couple of years. A one-year-old Model Y could retail for up to $70,000 in mid-2022, as more people craved Tesla electric automobiles than Musk could produce, based on used EV prices listed on the Recurrent website. Today, the same car is reportedly selling for less than $40,000 in the used car market, as cited by the company. Also Read: Apple to invest in ChatGPT maker OpenAI after Microsoft? What we know so far

Apple is in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, Wall Street Journal reported on Thursday, citing people familiar with the matter. The news comes a day after the Journal reported that venture-capital firm Thrive Capital would invest around $1 billion in OpenAI, leading the funding round. Apple and OpenAI did not immediately respond to Reuters requests for comment, while Thrive Capital and Microsoft declined comment.

Okay financial advisors, the all-important second quarter results you’ve all been waiting for are finally out. AI-powering chipmaker Nvidia (Ticker: NVDA) handily beat analyst estimates on the top and bottom lines. It also offered stronger than expected guidance for the third quarter.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Poland’s electoral authority says that the former governing nationalist conservative party violated campaign funding rules in the 2023 parliamentary vote

Line of Control in Kupwara district of northern Kashmir. Army officials informed that a joint anti-infiltration operation was launched by the Army and Jammu and Kashmir police following Intelligence inputs regarding likely infiltration bids on the intervening night of Aug 28-29 in Tangdhar of Kupwara district. «One terrorist is confirmed to have been eliminated. The operation is in progress,» the army informed.

More information has been released about the incident that took the lives of 2 people and injured 1 person on Tuesday morning, FOX 5 Atlanta reports. 

pre-IPO funding round of $665 million, quick commerce startup Zepto has secured follow-on financing of $340 million led by US-based venture capital firm General Catalyst, taking its valuation to $5 billion. New investors Dragon Fund and Epiq Capital joined the round while existing investors StepStone, Lightspeed, DST and Contrary increased their stakes.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Records show that a Boar's Head deli meat plant in Virginia tied to a deadly food poisoning outbreak repeatedly violated federal regulations

Bank of America and its subsidiary, Merrill Lynch, have reached a settlement with Finra, including a $3 million fine and censure, for a reported years-long failure to adequately supervise potentially manipulative trading by their customers.

NASA recently said that astronauts Butch Wilmore and Suni Williams will choose to return on SpaceX's Crew Dragon in February, and that Boeing's Starliner would return empty. For Boeing, which has been struggling with the Starliner project for a number of years, this decision is yet another blow. Since 2016, the project has had major delays, supply chain disruptions, and technological difficulties that have resulted in a $1.6 billion budget overrun, as per the reports of Yahoo news.

Ukraine from frozen Russian central bank assets regardless of issues raised by the US, the bloc's top diplomat said. A Group of Seven agreement to leverage proceeds of the blocked assets has faced delays as Washington seeks firmer assurances that the EU will be able to renew sanctions measures in the face of the opposition from Hungary. The US wants to ensure that the plan, which aims to generate $50 billion in loans for Kyiv, moves forward before seeking approval from Congress.

iPhone 17 Pro Max could be its impressive 12GB of DRAM, a significant enhancement over the 8GB RAM that will be featured across the other 2025 iPhone models, such as the ultra-slim iPhone and the iPhone 17 Pro. This increase in memory is expected to significantly boost the device's on-device AI capabilities, making it an attractive option for users who prioritize high-performance smartphones.

Durov is now considered a tech icon as the founder and CEO of Telegram. The CEO of one of the most well-known instant messaging services was arrested in Paris, and this caused a stir and mayhem among people all across the world. Telegram has experienced exponential growth over time; but the secretive platform has suffered from backlash and has a negative reputation with governments due to its reckless efforts at content moderation and its purported role in supporting propaganda, terrorism, and misinformation. When Durov was detained by French authorities this past weekend while they were looking into the platform's moderating of purportedly illegal activity, those accusations reached a boiling point. Since Durov's arrest at Le Bourget Airport in Paris, the political ramifications of his detention have grown. Also Read: Lioness Season 2: What we know about Paramount+ premiere date, filming, plot and cast

Nagaland deputy CM Y Patton on Thursday told the state assembly that there is no report of influx of illegal Bangladeshi immigrants following the political crisis in the neighbouring country. Patton said this while responding to NPF MLA Achumbemo Kikon raising concern in the zero hour of state assembly on possible influx following the political crisis in Bangladesh.