R Srikrishna, CEO and Executive Director of Hexaware Technologies, expects growth to be driven largely by fresh business wins, even as some legacy accounts remain stable rather than expanding. The company expects demand recovery in the second half of the year to support operating leverage and improve profitability. While the company has seen minor delays … Read more
Noida-based IT service company Coforge expects AI-driven interventions to play a major role in expanding profitability over the next few years. Coforge CEO Sudhir Singh said the company’s FY27 EBITDA (earnings before interest, tax, depreciation, and amortization) margin guidance of 20.5% to 21% could be surpassed, supported by automation, tighter control on operating costs and … Read more
Indian mid-tier software firm Mphasis has filed a lawsuit against rival Coforge in a US court, claiming that the latter had hired its executives in violation of contract restrictions and gained access to confidential client information. In a filing dated March 31, Mphasis sought injunctive relief to prevent Coforge from employing two of its former … Read more
Anthropic has announced a partnership with SpaceX to significantly expand its compute capacity, a move that will also enable higher usage limits for Claude Code and the Claude API. In a post on X, Claude said the agreement, along with other recent compute deals, has allowed the company to increase its usage limits. The development … Read more
China’s frontier AI race is heating up, with DeepSeek in talks to raise fresh capital at a potential valuation of around $45 billion, as the state-backed China Integrated Circuit Industry Investment Fund (Big Fund) looks to lead its first external funding round, according to a Financial Times report. The proposed valuation marks a sharp jump … Read more
Alphabet Inc.’s Google, Microsoft Corp. and xAI have agreed to give the US government early access to their artificial intelligence models to assess the systems’ capabilities and help improve their security before the technology is released to the public. With the agreements, the AI developers join OpenAI and Anthropic PBC in allowing pre-release reviews of … Read more
Warren Kevin Harris, MD & CEO of Tata Technologies, says the company is entering a phase of sustained, broad-based growth backed by strong deal momentum and improving market conditions. With record deal signings and recovery in product-led industries, he expects consistent double-digit growth in the coming quarters. He also laid out a plan to scale … Read more
Zomato founder Deepinder Goyal announced on Tuesday, May 5, that the first 100 units of his much-anticipated wearable device, Temple, are ready for shipment, inviting users to apply for early access. In a post on Temple is being positioned as a next-generation wearable focused on tracking both physical and cognitive performance. According to its website, … Read more
Colin Angle, the inventor behind the world-famous robot vacuum, Roombais now working on a new generation of robots designed to form emotional connections with their owners. Speaking at The Wall Street Journal’s ‘The Future of Everything Festival’, Angle unveiled the first product from his new startup, Familiar Machines & Magic. The company is focused on … Read more
The story for this sector is that ‘winners keep winning,’ Wolfe analyst Steve Fleishman said. Investors should continue favoring the winning stocks within the utilities sector, despite the recent cool-off in the rally, according to Wolfe Research. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars … Read more
