BIZARRE: It | Mind Blowing Facts

Workday Plans to Cut 2.5% of Its Workforce and Revise Its Margin Outlook. How Investors Should View the Move.

Workday said on Sept. 29 it will cut about 2.5% of its workforce, mainly in Product and Technology, and take $65 million to $80 million in charges that will lower its GAAP margin outlook while leaving subscription-revenue and non-GAAP forecasts unchanged.

Barchart · Oct 2

Predicting FII flows akin to predicting mood swings: DSP MF CIO Anish Tawakley

At any point in time the market is influenced by multiple factors and it is impossible to attribute performance across those factors. I focus on earnings rather than flows. I would caution anyone against basing investing decisions based on flows for three reasons.

The Economic Times · Oct 1

Andhra sets 70% renewable energy rule for data centres, addresses water concerns: Lokesh

Andhra Pradesh is adopting a sustainability-focused strategy for its data-centre expansion in Visakhapatnam. The state mandates that 70 percent of energy used by data centres must come from renewable sources. To address water requirements, the Polavaram project will redirect water flow toward Visakhapatnam. Additionally, the state is incentivizing the establishment…

The Economic Times · Sep 25

Chip majors make beeline for Semicon to build wider ecosystem with Indian talent

The government has announced the Semicon 2.0 scheme with an incentive of around Rs 1.27 lakh crore or USD 13.5 billion to build the semiconductor ecosystem. Union Minister Ashwini Vaishnaw said investment proposals worth USD 12 billion are likely to come under the new scheme for chip production.

The Economic Times · Sep 19

5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reason

Bangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the rent. What happened was, five Bangalore landowners signed JDA with builder, later formed partnership firm to develop property; but then the landowners got undisclosed rental income tax notice.

The Economic Times · Sep 19

Tim Robbins Leaves Silo With a New Project and a Chilling Warning: 'Don't Trust Anyone Who Says They'll Save You' - INTERVIEW

Tim Robbins has officially said goodbye to Silo, but the Oscar-winning actor is not retreating from public life, he says in this interview. As his character's journey ends, Robbins is launching a sprawling digital project that opens decades of his personal and artistic archives to the public, while using Bernard…

Latin Times · Sep 18

Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks

Motilal Oswal expects firm steel prices, lean inventories and resilient demand to support a shift toward pricing- and cost-led earnings growth for domestic steelmakers. The brokerage sees stronger realisations ahead and favours companies with cost advantages and raw-material access, naming JSW Steel and Tata Steel as its top picks.

The Economic Times · Sep 18

Quant Mid Cap Fund exits ICICI Bank, 2 others and adds 5 stocks in August

Quant Mid Cap Fund exited ICICI Bank, Ambuja Cements and L&T Technology Services in August, while adding six stocks including IDBI Bank, Concor and Sona BLW Precision Forgings. The fund also increased exposure to three stocks and maintained holdings in 16 stocks.

The Economic Times · Sep 16

Former Andhra Pradesh deputy CM Srinivas dies of heart attack

Former Andhra Pradesh Deputy Chief Minister Alla Nani passed away suddenly from a heart attack. He was 56 years old at the time of his untimely passing. Nani had previously served as Deputy CM and health minister under the YSRCP government. Following his election loss, he switched his political affiliation…

The Economic Times · Sep 15

Is Gartner Stock Underperforming the Dow?

While Gartner has lagged the Dow Jones over the past year, its shares have surged ahead the index over the past three months, even as Wall Street remains cautious.

Barchart · Sep 14