Shares of food delivery and quick-commerce major Eternal rose as much as 9.3%, hitting a day’s high of Rs 298.50 on the BSE on Tuesday, after global brokerage Jefferies added the stock to its India model portfolio, replacing Godrej Consumer Products. Jefferies described Eternal as an “FPI favourite”, citing strong growth and steady margin improvement […]
Constellation Research founder R ‘Ray’ Wang joins ‘Varney & Co.’ to discuss the new U.S.-controlled TikTok entity and why he believes Elon Musk’s humanoid robots and robo-taxis will fuel Tesla growth. Elon Musk confirmed Wednesday that Tesla will stop producing its Model S and Model X premium sedans and SUVs, marking the end of an […]
Tesla is struggling to offload about a third of the initial electric cars it imported to India last year, as some prospective buyers who made early bookings have backed out, according to people familiar with the matter. Cars on display at Tesla’s facility in Gurugram, India. (Parveen Kumar/HT) Sluggish demand has left roughly 100 vehicles […]
The Reserve Bank of India’s inflation forecasting model is coming under increasing scrutiny from economists after the central bank consistently overestimated price pressures this year, contributing to a hawkish policy approach. With India’s inflation remaining soft, the RBI likely missed an opportunity to take pre-emptive action in August and October, PMEAC member Soumya Kanti Ghosh […]
Alphabet Inc.’s Google debuted an updated version of its AI model Gemini that executives said represents a “massive jump” in reasoning and coding ability. As part of the Gemini 3 rollout and in this push for growth, Google will be offering US college students Gemini Pro for free for a year. (Unsplash) The new model, […]
The Amazon layoffs can result in 800-1,000 job cuts in India, ET reported on Wednesday, as the US-based e-commerce firm taps AI to reduce overheads. In all, Amazon is planning to replace and/or avoid 600,000 US jobs by 2027. (AFP) The Amazon India layoffs would span functions—including finance, human resources and technology, ET reported citing […]