Micron Technology said on Thursday it plans to invest up to $3 billion to strengthen the U.S. semiconductor supplychain, as the memory chip firm moves to secure critical manufacturing materials amid surging AIdriven demand.
AI revenue climbed 13.6% in the June quarter while overall revenue rose 2.2%, driven by large enterprise deals, new partnerships with Anthropic and Mistral, and continued investments in AI infrastructure and sovereign cloud offerings.
Shares of Tata Consultancy Services Ltd ended at ₹2,047.75, down by ₹0.52, or 10.80%, on the BSE.
TCS has also declared an interim dividend of ₹12 per share along with its results and the record date for that has been fixed as July 15. The dividend payout will be credited to shareholders on or before July 31.
TCS added 9,279 employees in the June quarter, recording its fastest headcount growth in 15 quarters despite AI-led hiring caution. Attrition eased, while the company continued investing in AI infrastructure, capabilities and future-ready skills.
Defence stocks in India are trading at a 50% premium to global peers because growth has yet to unfold.
DP Singh, Joint CEO and RS Srinivas Jain, Executive President & Chief of Strategy at SBI Funds Management discuss how simpler onboarding could bring millions of new investors into mutual funds, the huge growth opportunity within SBI’s customer base, rising…
Christy Mathai, Fund Manager at Quantum AMC, says most companies’ input cost pressures will show up in quarter two rather than quarter one, as firms are still using cheaper stockpiled materials to protect margins. He expects a broader earnings recovery…
Vishal Manchanda, Pharma Analyst at Systematix Group, said semaglutide is a technically complex peptide product, making manufacturing scale-up challenges relatively common. He believes the impact on earnings will depend on how quickly the company can restore normal production.
Punjab and Haryana High Court restrained Oberoi Realty from new allotments for ‘Oberoi 360 North’ in Gurugram, pending a DTCP decision on license validity.