Year: 2026

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Indian Bank reported a standalone net profit of Rs 3,273 crore for Q1 FY27, up more than 10% year-on-year, while net interest income rose nearly 17%. The PSU lender also posted improved asset quality and higher advances, prompting its shares to surge around 10% after the earnings announcement.

TCS added 9,279 employees in Q1FY27, marking its strongest quarterly hiring in four years amid growing concerns over AI-led job cuts. The IT major said AI will reshape roles rather than eliminate jobs, while investments in talent, AI services and digital capabilities signal confidence in future demand and growth.

Newgen Software shares experienced a significant surge, mirroring a broader IT sector advance. The company announced key leadership changes, appointing Tarun Nandwani as CEO. Investors await the Q1 FY27 results on July 16 for business outlook. The stock shows improving technical momentum with a neutral RSI reading. Institutional ownership saw a reduction in the March…

ET Most Innovative AI Product Awards 2026 celebrates AI products that generate tangible business results in different enterprise functions. The focus is often on customer-facing applications, but many of the most valuable AI products are helping teams in finance, operations, legal and tax make faster decisions, simplify complex processes and build businesses that can scale…

Sovereign wealth funds are increasingly prioritising national strategic goals over pure financial returns, with artificial intelligence and semiconductors emerging as key investment areas. Backed by governments, these funds are making fewer but significantly larger investments to strengthen technological leadership, supply chains and long-term economic resilience.

US private credit funds raised significant capital in the second quarter. Direct lending activity, however, saw a sharp decline during the same period. This divergence highlights investor capital outpacing available new lending opportunities. Private equity-backed lending experienced the most substantial decrease in deal volume. Investors now prioritize underwriting discipline and risk-adjusted returns over deployment speed.

Singapore sovereign wealth fund GIC has appointed two deputy group chief investment officers and named a new chief investment officer for its Fixed Income & Multi Asset business as part of a senior leadership reshuffle. The changes aim to strengthen oversight of the fund’s global investment operations.

Tencent is in talks to become the largest shareholder in AI startup Manus as investors seek to buy back the company from Meta after Chinese regulators ordered the US tech giant to unwind its $2 billion acquisition. The proposed deal would reshape Manus’ ownership amid heightened regulatory scrutiny of cross-border AI investments.