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share price targets on Tech Mahindra after the IT company's third-quarter net profit plunged 60% from the same period a year ago. The stock dropped 5.89% to close at ₹1,325 on Thursday. The average analyst price target on Tech Mahindra by Bloomberg after the third quarter results was at ₹1,302, implying a downside of 1.67% from Thursday's closing. Analysts said that the company's weaker performance indicates that turnaround would be tough in the near term, given the weak demand environment. Nomura said that despite a strong team led by new CEO Mohit Joshi, the turnaround remains challenging, however, the FY25 dividend yield of 5% is expected to be supportive. «While new CEO Mohit Joshi reiterated the contours of his broad strategy around verticalisation of sales and delivery to drive better sales and margin outcomes in the medium term, finer details around investments needed to accelerate growth will not be known until April 2024, with the release of 4Q FY24 results,» said Nomura in a note. HSBC said that margin expansion is contingent on «pyramid improvement» or a «pricing uptick».

Reserve Bank of India (RBI) is evaluating tokenising assets such as government bonds and customer deposits to expand the usage of its digital currency, two bankers aware of the developments told ET. Investors would be able to purchase government securities and other bonds using digital currency in their wallets.

fascination with AI advancements. As part of the deal, the Redmond, Washington software giant would supply computing power — such as from one of its data centers in rural Iowa — needed to train the AI models on huge troves of human-written texts and other media. In turn, Microsoft would get exclusive to rights to much of what OpenAI built, enabling the technology to be infused into a variety of Microsoft products.

BAGHDAD (Reuters) — An explosive drone struck Khor Mor gas field in the Sulaimaniya region of northern Iraq on Thursday, two sources told Reuters, adding the explosion had caused limited damage but no one had been injured.

Tesla tumbled seven per cent on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world’s most valuable automaker.

Resilinc Aerospace and Defense Division President Peter Guinto breaks down the supply chain 'nightmare' on 'The Claman Countdown.'

Netflix's highly anticipated 2024 animated project is the adaptation of Curtis Jobling’s Wereworld into a CG series. This venture, produced by Lime Pictures and Jellyfish Pictures, marks a significant addition to Netflix's animated offerings. Director and Writers Directed by Tom Brass, known for VFX and animation credits in various productions, and written by Celia Morgan and Andrew Burrell, the creative team brings diverse experiences from projects like Captive State, The Innocents, Eastenders, and Disenchantment.

After targeting politicians in the UK, Slovakia and other parts of the world, audio scammers have finally made their splash in the US. They cloned President Joe Biden’s voice and turned it into a robocall, a campaign tactic that goes back to the 1970s. Welcome to 2024, where the political voice you hear on the phone might have been conjured on the internet.

The European Central Bank has kept its key interest rate unchanged at a record high

₹250 crore in FY23, compared to a loss of ₹66 crore a year earlier, according to a regulatory filing. “As Ola’s India Mobility business turns profitable in FY23..our focus on sustainable growth..has also set the stage for an exciting future of expansion and industry leadership," Bakshi said in a statement. The company is now divided into three business segments—Ola Mobility, Ola Financial Services and Ola Logistics—to streamline operations.

₹6,359 per bbl, having swung between ₹6,208 and ₹6,378 per bbl during the session, against a previous close of ₹6,253 per barrel. Also Read:India's crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC -The US crude stockpiles tumbled by 9.2 million barrels last week, said the Energy Information Administration (EIA). The draw was driven by a stark drop in US crude imports as winter weather shut in refineries and kept motorists off the road.

Shares of IBM (NYSE:IBM) jumped over 11% Thursday after the enterprise software maker reported better-than-expected earnings per share (EPS) and revenue for Q4.

By Leroy Leo and Sriparna Roy

By Joseph White

FRANKFURT (Reuters) — The European Central Bank left its key interest rate at a record-high 4% on Thursday and noted underlying inflation had continued to fall, also thanks to high borrowing costs.

ALSO READ: ISRO's Vikram lander, Chandrayaan-3 gets pinged by retroreflector from NASA spacecraft To date, the Chandrayaan-2 mission's orbiter continues to study the moon and provides critical data on its topography, mineralogy, and the search for water ice. It weighs 3850 kg and was a leap forward from its predecessor Chandrayaan-1. The Chandrayaan-1 had orbited the moon at a height of 100 km for mapping purposes.

An inital $35 million target was exceeded with Azimut Holding, a global asset management group and existing client, as the lead investor.The round pushes Sygnum's valuation up to $900 million, a $100 million uplift from its $90 million Series B in october 2022.Since then, Sygnum's assets under administration have grown to over $4 billion, with a client base of over 1,700 from more than 60 countries. Alongside the increase in valuation, the group continued to grow its global team through the 'crypto winter', now nearing 250 employees.

Nitin Gadkari said. “Ministry of roads will soon be adopting qualitative tendering process instead of the least cost bidding process to bring in quality and road safety in various projects,” Gadkari said at the International Road Federations’ event on Vision Zero – Targeting road safety by 5E’s, jointly organised by the ministry of road transport and highways and Maruti Suzuki. “Qualitative tendering will help incorporate safer road safety features in designs keeping in mind the behavior of the road users,” he added. According to Gadkari, there have been several cases where officers in the ministry have done away with safety features in highway projects to bring down costs and in the name of making them financially viable. “Road engineering is the biggest culprit for increasing road accidents in the country.

₹80,000 crore in current fiscal, while non tax revenue is also expected to exceed budget estimates by ₹50,000 crore. Similarly, expenditure may also exceed budget estimates by around ₹60,000 crore, economists said. Also Read: Cut deficit to 5.4% in FY25: Ind body to govt Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India believes gross tax revenue at 11.6% of GDP in FY24 is likely to be a 16 year high.

DCB Bank fell over 6 percent on Thursday after the lender witnessed a decline in its net interest margin (NIM) for the quarter ended December (Q3FY24). Its NIM for Q3FY24 declined sharply 21 bps QoQ to 3.48 percent. The lender posted an 11.2 percent year-on-year (YoY) rise in its net profit to ₹126.6 crore for the third quarter of FY24, as against ₹113.9 crore in the same period last year.

Money is a stressful topic for many of us. It stems from our upbringing, personal experiences, values, and beliefs. Money can send you on a guilt trip at times.