Oracle cuts over 150 jobs in cloud unit amid surge in AI spending: Report
Part of the layoffs were related to performance issues; however, the cloud unit continues to hire workers, as per the report, which cited two unnamed people.
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Retail frenzy fizzles: Only 32% of new-age IPOs deliver long-term gains, says study
The analysis by Client Associates has found out that while listing gains were common, with 68% of IPOs delivering first-day returns averaging 24.15%, sustained outperformance remained rare.
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Commerce, finance ministries in talks for 2,250 crore export boost mission
The mission was part of budget announcements but has gathered urgency in the wake of the possible adverse impact of US tariffs on India’s exports. The commerce department has already prepared a blueprint, which focuses on expanding the number of…
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Mahindra Finance to focus on quality of assets rather than volume
Mahindra & Mahindra’s NBFC arm, Mahindra Finance, prioritizes asset quality while strategically expanding its business. The company has focused on strengthening controls and leveraging technology and data analytics to improve its risk profile. Despite increasing competition, Mahindra Finance remains a…
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RBI committee recommends AI framework for finance sector
A Reserve Bank of India panel suggests a plan for Artificial Intelligence in finance. The proposal includes building local AI models and a risk assessment group. It also suggests a fund to boost Indian AI development. The aim is to…
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Trump tariff blow set to ripple through India’s economy and banks: Fitch’s CreditSights
India’s economy is bracing for impact as the US prepares to double tariffs on Indian exports in retaliation for continued Russian oil imports. CreditSights anticipates a manageable but noticeable hit, with GDP growth potentially slowing and key sectors like textiles…
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